Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, January 17, 2011

Goldman Closes Facebook Investment to U.S. Clients

Goldman Sachs announced that its U.S. clients will not have the opportunity to invest in the Facebook private placement because the deal had attracted so much attention from the press and scrutiny from the SEC.  In a statement Goldman stated it was concerned that "the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law."

NYTimes, Goldman Limits Facebook Investment to Foreign Clients

WSJ, Goldman to Offer Facebook Shares Only to Non-U.S. Clients

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