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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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Company Breached Registration Rights AgreementBy Rodney TonkovicAssociate Writer-AnalystWolters Kluwer Law and BusinessA district court (SD NY) held that a company was obliged under the terms of an agreement to redeem an investor's shares. The action arose out of an alleged breach of a provision in the agreement that the company would redeem its convertible preferred stock for cash or an equivalent value of common stock. The provision granted preferred holders a qualified right of redemption upo read more

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Full post as published by Jim Hamilton's World of Securities Regulation on June 17, 2008 (boomark / email).

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