« Schwab Sues FINRA, Seeks Declaratory Judgment It Can Prohibit Class and Consolidated Claims | Main | Schwarcz on Defining Securitization »
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.
February 3, 2012 in Securities Arbitration | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef0168e69fa9cf970c
Listed below are links to weblogs that reference Carlyle Drops Arbitration Clause in IPO Filings:
Comments
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
