Our colleague, Len Weiser-Varon, just authored an informative post on Mintz Levin's Public Finance Matters blog concerning the recent SEC settlements with two former municipal officials of Allen Park, Michigan. The blog post explores the potential import of this action for individuals involved with municipal bond offerings, including an overview of what it means to be a "control person" for purposes of liability under Section 20(a) of the Securities Exchange Act.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
