• Court Applies 13(d) Beneficial Ownership Standards to Equity Swaps
  • July 1, 2008
  • Law Firm: Winston & Strawn LLP - Chicago Office
  • In a decision that could have far reaching implications for issuers, investors, financial services firms, and even the SEC, the United States District Court for the Southern District of New York recently rendered a decision declaring that holders of cash-settled equity swaps may, under certain circumstances, be deemed the "beneficial owner" of the shares underlying such swaps.