The topic du jour in the corporate world is securities disclosure, what with the Bank of America controversy making headlines nearly every day.

The law isn’t always crystal clear on just what a company needs to disclose, and how. Today we point you to a recent court opinion that gives some guidance on disclosure issues that were raised by shareholders of The Blackstone Group L.P., after its $4.5 billion IPO in 2007. The ruling, issued Tuesday, was a resounding win for Blackstone and its lawyers at Simpson Thacher & Bartlett, with the court dismissing the complaint with prejudice. We’re willing to bet that everyone involved in BofA’s disclosure troubles will read this closely.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]