Chubb Insurance Company has recently produced a great piece entitled, “What Is the JOBS Act? And Will Your Company Face New Risks.“
By way of introduction…
Passage in 2012 of the Jumpstart Our Business Startups (JOBS) Act makes it easier for companies to raise capital with securities exempt form registration with the Securities and Exchange Commission (SEC).
…New Opportunities…and New Risks–
Three Titles of the JOBS Act present new opportunities for private companies to raise capital without registering securities with the SEC. Those opportunities, however, may have significant implications on the potential liability exposure of private companies and their directors and officers.
This pieces discusses the various Titles and their key provisions, and the resulting potential heightened D&O liability.
It further contains some interesting current facts about D&O lawsuits, both private and public.
I encourage you to click the title above for download and review.
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