Showing posts with label provision. Show all posts
Showing posts with label provision. Show all posts

Thursday, 29 July 2010

SEC Says New Finincial Regulation Law Exempts It From FOIA

Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.

Source:
http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/

Wednesday, 14 July 2010

Facebook assets frozen as man claims majority ownership

Paul D Ceglia says he signed a deal with Mark Zuckerberg in April 2003 to design and develop the website that ultimately turned into Facebook.

The contract, he says, gave him $1,000 and a 50 percent stake in the company.

And he claims that this stake was increased through a provision in one clause, so that it now gives him a majority share.

Source:
http://www.tgdaily.com/business-and-law-features/50623-facebook-assets-frozen-as-man-claims-majority-ownership