Law Offices of Burton L. Raimi: expertise in banking and securities law. (Advertising Feature: Legal Profile).
It takes experience and judgment to navigate the worlds of banking and securities law, and Burton L. Raimi relishes the challenge. "I enjoy the complexity," says Raimi. Raimi has more than 30 years of experience in laws governing the sale of securities and the regulation of financial...

Lock-ups, squeeze-outs, and Canadian takeover bid law: a curious interplay of public and private interests.
Securities law permits takeover bidders to enter into prebid lock-up agreements with major target shareholders. Lock-up agreements may have a stifling effect on takeover auctions, but allowing them is thought to entice more bidders to make offers in the first place. Locked-up shares may then be counted in the...

Securities fraud.
I. INTRODUCTION II. ELEMENTS OF THE OFFENSE A. Material Misrepresentations and Omissions 1. Misstatements and Omissions a. Entanglement Liability 2. Materiality 3. Intent a. Scienter b. Willfulness 4. In Connection With the Purchase or Sale of a Security a. Definition of "Security". i. Stocks and Notes Lacking a Profit...

Foreign corrupt practices act.
I. INTRODUCTION II. ACCOUNTING PROVISIONS A. Covered Parties B. Elements of the Accounting Provisions 1. Record-keeping 2. Internal Controls C. Criminal Liability III. ANTI-BRIBERY PROVISIONS A. Covered Persons B. Elements of the Offense C. Permissible Payments and Affirmative Defenses 1. Routine Governmental Action Exception 2. Affirmative Defenses D. Enforcement...

A comparison of business income trust governance and corporate governance: is there a need for legislation or further regulation?
This paper compares corporate governance to the governance of business income trusts, highlighting corporate governance features that may be lacking in business income trust governance. One observation drawn from this comparison is that declarations of trust for income trusts largely replicate provisions of corporate statutes such as the Canada...

Private financing of entrepreneurships: sources of private financing; guarantees (required personal or otherwise); when to go public (pros and cons); rights of financing parties; defaults; capital formation for entrepreneurial ventures; tax considerations.
INTRODUCTION Michael Robinson MR. ROBINSON: I am Michael Robinson. I am pleased to preside here, which means I do not have to do any hard work. I asked to do this because I represent the last of entrepreneurial financing lawyers. When I started...

Securities fraud.
I. INTRODUCTION Seven statutes regulate Federal securities transactions. (1) Congress passed the most important of these, the Securities Act of 1933 ("1933 Act") and the Securities Exchange Act of 1934 ("1934 Act"), in response to fraud in securities markets and a perceived lack of public information about...

Securities fraud.
I. INTRODUCTION II. ELEMENTS OF THE OFFENSE A. Substantive Fraud 1. Material Misrepresentations and Omissions a. Misstatements and Omissions b. Materiality c. Intent i. Scienter ii. Willfulness d. Reliance e. Entanglement Liability 2. Insider Trading a. The Classical Theory b. The Misappropriation Theory c. Strict Regulation Under Rule 14e-3...

New drug research, the extraterritorial application of FDA regulations, and the need for international cooperation.
ABSTRACT In recent years, U.S. pharmaceutical companies have expanded their new drug trials beyond the borders of the United States. While the companies have a variety of reasons for making this move, among them may be a desire to avoid Food and Drug Administration (FDA) regulation and...

Technological evolution and the devolution of corporate financial reporting.
TABLE OF CONTENTS INTRODUCTION I. TECHNOLOGY'S FIRST DIMENSION: THE ISSUERS THEMSELVES II. TECHNOLOGY'S SECOND DIMENSION: THE RISE OF THE UNSTABLE RETAIL INVESTOR III. TECHNOLOGY'S THIRD DIMENSION: BREAKING THE TRADITIONAL BOUNDARIES OF THE FIRM A. Derivatives and Synthetics B. Business-to-Business Relationships IV. THE FEEDBACK LOOP A. Testing the Limits B....