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Fenwick and West has long since convinced the SEC to waive this requirement for Facebook's benefit. Why such a waiver is in the public's interest, I don't know.
by thinkcomp 16y ago
Fenwick and West has long since convinced the SEC to waive this requirement for Facebook's benefit. Why such a waiver is in the public's interest, I don't know.
- papa 16y agoThanks for the info. Just goes to show the value of a good lawyer!
- mattmaroon 16y agoWell, I don't think the requirement itself was in the public's interest, especially in the era of Sarbanes Oxley. Forcing a company to go public could be extremely harmful.