Environmental Credits and Environmental Credit Obligations
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on the Proposed Accounting Standards Update—Environmental Credits and Environmental Credit…
Summary
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. District Court (D. NJ)
Amicus Issue:
Whether private placements of securities issued pursuant to SEC Rule 144A are subject to claims under Section 12(a)(2) of the Securities Act of 1933 and whether such issue should be decided on a Rule 12(b)(6) motion, without the need for fact discovery.
Counsel of Record:
Cleary Gottlieb Steen & Hamilton LLP
Jeffrey A. Rosenthal
Lewis J. Liman
Roger A. Cooper
Jared Gerber
Anthony M. Shults
Other Amici:
None.
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