United States: SEC Alleges Securities Law Violations Against Private Company In Connection With Share Repurchases From Employees – Mondaq

December 29, 2011 Posted By: Leave a comment
Beginning in 1975, Stiefel Labs instituted an Employee Stock Bonus Plan (the "Plan") that the Company could fund by the contribution of Stiefel Labs stock or cash, that was then allocated to employees. Because the stock was not publicly traded, repurchases ...
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