Articles by Joseph M. Campos

CITY OF SEATTLE’S PROPOSED CRIMINAL BACKGROUND ORDINANCE

Date: April 30th, 2013
Categories: Employment Law

At some point in our lives we’ve all filled out job applications that ask whether we’ve ever been convicted of a crime.  To most of us, it seems quite normal that an employer would want to know whether an applicant has a criminal conviction in … Read More »

SEC WILL MISS DEADLINE FOR LIFTING GENERAL SOLICITATION BAN

Date: June 29th, 2012

In a hearing before the House Oversight TARP and Financial Services Subcommittee, SEC Chairman Mary Schapiro confirmed it will miss the deadline for publishing rules to lift the ban on general solicitation and advertising for certain private placement offerings. Schapiro stated: “It’s a bit more … Read More »

NEW PRIVATE PLACEMENT RULES EXPECTED ON JULY 5, 2012

Date: June 27th, 2012

A few months ago my colleague Aaron Thomson published a piece about the new JOBS Act aimed at making it easier for private companies to raise capital. As Aaron explained, two key aspects of the new law are the crowdfunding exemption and the elimination of … Read More »

GOOD NEWS FOR STARTUPS IN NEED OF FINANCING. “CROWDFUNDING” MAY BE ON THE WAY.

Date: November 17th, 2011

Earlier this month, the U.S. House of Representatives passed H.R. 2930, which is intended to clear the way for startups and other businesses to offer and sell securities in small offerings of up to $2 million, with individual investments limited to $10,000 or 10% of … Read More »

STIMULATING STARTUPS: THE TROUBLE WITH THE PRESIDENT’S PROPOSAL

Date: February 7th, 2011

Recently, I traveled to Washington D.C. to be with my brother-in-law, Sean Duffy, for his swearing-in as a freshman Representative for Wisconsin’s 7th Congressional District. On the flight to D.C., I sat next to my own Congressman, Rep. Jay Inslee, and we had a wide-ranging … Read More »

PREFERRED STOCKHOLDERS LOSE CLEVER REDEMPTION ARGUMENT

Date: February 3rd, 2011

As many company founders know, preferred stock financings with venture capital firms and other savvy investors frequently involve a redemption right. The redemption right gives an investor the right at some time in the future to compel the company to buy back the stock the … Read More »

CONGRESS REVERSES COURSE; ELIMINATES SEC EXEMPTION TO FREEDOM OF INFORMATION ACT

Date: September 30th, 2010

One of the most controversial provisions of the Dodd-Frank Wall Street Reform and Consumer Protection (Dodd-Frank Act), recently signed into law by President Obama, is Section 929I, which allows the Securities and Exchange Commission (SEC) to withhold documents requested by the public pursuant to the … Read More »

REVERSE STOCK SPLITS CAN BE USED TO FORCE OUT MINORITY SHAREHOLDERS, SAYS WASHINGTON SUPREME COURT

Date: September 28th, 2010
Categories: Corporate Law

On July 22, 2010, the Washington State Supreme Court dealt a serious blow to the prospects of minority shareholders who are forced out of corporations through corporate restructuring techniques that are expressly allowed under the Washington Business Corporations Act (WBCA). One of those techniques is … Read More »

AMENDMENT TO PRESERVE REGULATION D PASSES

The following press release is also available here. ANGEL INVESTOR AMENDMENT PASSES May 17, 2010 WASHINGTON, D.C. – A bipartisan group of Senators tonight scored a victory that will provide strong protections for investors while promoting small business startups vital to job creation. A bipartisan … Read More »

UPDATE: AMENDMENT PROPOSED TO PRESERVE REGULATION D

On May 13, 2010, an amendment was proposed to Senator Dodd’s financial regulation reform bill that would largely preserve the current state of Regulation D.  The amendment, SA 4037, calls for the following: – Maintain the current net worth criteria for Accredited Investors at $1 … Read More »