SEC Clarifies Guidance on Rule 144 Resales of Restricted Securities Following Partnership Distributions

SEC Clarifies Guidance on Rule 144 Resales of Restricted Securities Following Partnership Distributions

Client News
On January 26, 2009, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) issued new Compliance and Disclosure Interpretations regarding Rule 144 resales of restricted securities following the distribution of such securities by investment partnerships, such as venture capital partnerships. For more on the new Compliance and Disclosure Interpretations and Rule 144, see our recent Email Alert.

Notice

We appreciate your interest in WilmerHale. While we are pleased to have you contact us, please keep in mind that merely contacting WilmerHale does not create an attorney-client relationship. Such a relationship will not arise until the Firm agrees in writing to represent you in connection with a particular matter. Importantly, unless and until this has occurred, you should not provide us with any confidential information, and we have no duty to keep confidential any information that we may receive from you. Thank you for your understanding.

I Accept Cancel