The proposals reflect the most coordinated effort in two decades to address concerns about the shrinking public-company population, the high fixed costs of public-company status for smaller issuers, and the friction that state-level review imposes on unlisted registered offerings.
William L. Wortmann
Of Counsel, Los Angeles
+1 213.229.7517
William L. Wortmann is of counsel in the Los Angeles office of Gibson Dunn. He is a member of the firm's Capital Markets and Securities Regulation and Corporate Governance Practice Groups and focuses on public company equity and debt capital market transactions, including both public offerings and private placements. He regularly advises clients and their boards of directors on SEC reporting and related securities law, corporate governance, and regulatory issues.