One of the most significant changes in U.S. Securities Laws was passed into law on April 5, 2013. Under the JOBS (Jumpstart Our Business Startups) Act, among other things:
Some aspects of the JOBS Act have already taken effect; others are awaiting necessary regulations, which we believe will happen soon now that Mary Jo White has been confirmed as Chair of the SEC.
Levenfeld Pearlstein has been studying the JOBS Act since before its passage and has been advising clients on how it can be used to their advantage. In this Dow Jones article, one of our bankruptcy partners, Jonathan Friedland, comments on some of the impact the JOBS Act may have on sophisticated commercial bankruptcy practice.