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On October 25, 2006, the SEC adopted Rule 2a-46 and Rule 55a-1 (the “New Rules”) under the Investment Company Act of 1940 (the “40 Act”) to expand the definition of “eligible po...
On September 26, 2006, the SEC voted to adopt proposed amendments to Rule 22c-2, the redemption fee rule (the “Rule”), under the Investment Company Act of 1940. Originally adopted in ...
On August 7, 2006, SEC Chairman Christopher Cox announced that the SEC will not seek en banc review of the decision of the U.S. Court of Appeals for the District of Columbia Circuit in Go...
On July 25, 2006, the U.S. Senate Committee on Banking, Housing, and Urban Affairs (“Committee”) held a hearing on the regulation of hedge funds in the wake of the D.C. Circuit’s de...
We report three significant developments in antitrust law which have occurred since our last update in late April. As described below, the Federal Trade Commission (“FTC”) recently ch...
On June 20, 2006, the SEC adopted three new rules — Rules 12d1-1, 12d1-2 and 12d1-3 (collectively, the “New Rules”) — and amended five registration statement forms — Forms N-1A,...
On May 2, 2006, the SEC announced the settlement of insider trading charges against hedge fund adviser Deephaven Capital Management, LLC (“Deephaven”) and its former portfolio manager...
There have been two significant antitrust law developments since our last update on March 13, 2006: a settlement of an action for alleged pre-merger “gun-jumping” activity, and a sett...