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SEC Imposes $850,000 Civil Penalty on Revlon for Misleading Disclosures in Going-Private Transaction

The SEC has just imposed an $850,000 civil penalty on Revlon for misleading disclosures in the run up to its going-private transaction that were the subject of litigation (2009-2010) before the Chancery Court. Vice Chancellor Laster's opinion in In re Revlon S'holder Litig [ an enhanced version...