Disclosing that a company may have broken a federal securities law is not something most lawyers want to write into initial public offering documents. But under increasing pressure from venture capitalists -- who are demanding shares in the IPOs of the companies they fund -- some lawyers are finding they're stuck doing just that.
December 10, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Disclosing that a company may have broken a federal securities law is not something most lawyers want to write into initial public offering documents.
But under increasing pressure from venture capitalists — who are demanding shares in the IPOs of the companies they fund — some lawyers are finding they’re stuck doing just that.
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