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CALIFORNIA CORPORATE & SECURITIES LAW

Private Placement Memorandum Saves The Day For Defendants

Do you ever wonder whether the time and expense of preparing a private placement memorandum is really worth it?  Does anyone ever escape liability because of a well drafted PPM?  A recent opinion by the California Court of Appeal provides one, albeit unexpected, reason for preparing and delivering a PPM.  WA Southwest 2, LLC v.…

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