In July 2013, the U.S. Court of Appeals for the First Circuit ruled in Sun Capital Partners III, LP v. New England Teamsters & Trucking Industry Pension Fund that a private equity fund was considered a “trade or business” under the rules of the Employment Retirement Income Security Act of 1974 (“ERISA”).1 Under this standard, a private equity fund…
Author: Misha Ross
The JOBS Act Seen Through the Twitter Lens
In February of last year, Facebook issued a press release announcing that it had filed the required paperwork for its upcoming initial public offering (IPO) with the Securities and Exchange Commission.1 Shortly thereafter, the SEC published Facebook’s 150-page filing, making it immediately available for public scrutiny.2 Just a few weeks ago, Twitter published a similar…