Thursday, 18 September 2014
Last updated 8 hours ago
Nov 16 2011 | 11:22am ET
Philip Goldstein is heading to the U.S. Supreme Court.
The Bulldog Investors founder, stymied in the Massachusetts courts in his effort to have a three-year old fine overturned, will appeal the case to the Supreme Court, his lawyer, Andrew Good of Boston firm Good & Cormier, told FINalternatives.
Massachusetts Secretary of the Commonwealth William Galvin fined Bulldog for providing information about itself to a non-accredited investor. Goldstein, who has engaged in a war of words with Galvin, said that was a violation of Bulldog's First Amendment right to free speech.
But in September, Massachusetts' Supreme Judicial Court ruled that Bulldog's was commercial speech and therefore not entitled to Constitutional protection. Earlier this month, the same court denied Bulldog's request for a rehearing, setting up the petition for certiorari to the Supreme Court, which accepts less than 2% of the cases it receives.
Good said that Bulldog's appeal to the Supreme Court would cover both its free-speech and due-process claims, as well as its claim that the New Jersey-based firm's links to Massachusetts are too tenuous for Galvin to claim jurisdiction.
Stone Street Media, the publisher of FINalternatives, filed an amicus curiae brief in the Massachusetts case in favor of Bulldog's position.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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