United States:
Control Person Liability For Municipal Bond Offering
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Our colleague, Len Weiser-Varon, just authored an informative
post on Mintz Levin's Public
Finance Matters blog concerning the recent SEC settlements with two former municipal
officials of Allen Park, Michigan. The blog post explores the potential import of
this action for individuals involved with municipal bond
offerings, including an overview of what it means to
be a "control person" for purposes of liability under Section 20(a) of the Securities Exchange
Act.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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