February 3, 2012
Carlyle Drops Arbitration Clause in IPO Filings
Good news! The Carlyle Group announced today that it was dropping the controversial mandatory arbitration (and no class actions) clause from its IPO documents. Apparently it decided it was a bad idea after consultations with the SEC, investors and other interested individuals. Three Democratic Senators (Blumenthal, Franken and Menendez) also wrote to SEC Chair Schapiro expressing their concerns.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Carlyle Drops Arbitration Clause in IPO Filings:
Why is it good news that investors have less choice in their investment options?
Posted by: Ted Frank | Feb 6, 2012 5:26:25 AM