Elliot H. Lutzker is the Chair of DHC’s Corporate Group. Over the years, his practice has covered a spectrum of corporate law, securities regulation, finance, and mergers and acquisitions. At present, Mr. Lutzker focuses on acting as de facto outside general counsel for as many as eight public companies at any given time. As Chair of the Corporate Group, Mr. Lutzker also supervises the work of associates servicing the needs of the firm’s partners.
Contempt is extremely serious and seldom used by the SEC. Usually it”s been used against habitual violators of federal securities laws who’ve been enjoined several times.
BuzzFeed’s proposed merger with a SPAC, a shell company created to acquire a private one, is more grounded than many recently completed mergers. BuzzFeed has already started to consolidate other digital media companies and has a track record for investors to see rather than merely projections or non-binding purchase orders.
GM has nothing to worry about, since they have put out these press releases. And Trump clearly wasn’t acting on behalf of the company. And for Trump’s benefit, knowing how he operates—when he said ‘subject to a UAW agreement, etc.’—you clearly can’t make out a case that he knowingly made a mistake or he was trying to manipulate the stock market,” he said. “[It’s impossible that] people are foolish enough to [buy] on the basis of what Trump said as opposed to looking at GM’s press releases.
The sequence of events on Wednesday bore striking similarities to Elon Musk’s “go-private” tweeting about Tesla last year.
The judge overseeing the dispute gave Musk and the SEC until April 18 to work it out or she will resolve the matter.
The company is seeking $200 million on a valuation that doesn't apply to content companies