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Sam Sheinberg

Yes, this is still our position.


Yes, this is still our position.

From: [Redacted]

Sent: Wednesday, January 30, 2019 7:23:48 AM (UTC-05:00) Eastern Time (US & Canada)

To: [Redacted]

Cc: [Redacted]

Subject: Series LLC Question

I hope you are staying warm this morning. I wanted to confirm that the PNO’s view expressed in the commentary to Interpretation 1205005 ( remains unchanged – specifically, that control of a Series LLC that is a single legal entity would be determined by looking at who (or whether anyone) has the right to 50% or more of the profits or of the assets upon dissolution of the entity in the aggregate, rather than looking at different series of units that track certain investments as separate entities.

About Informal Interpretations

Informal interpretations provide guidance from previous staff interpretations on the applicability of the HSR rules to specific fact situations. You should not rely on them as a substitute for reading the Act and the Rules themselves. These materials do not, and are not intended to, constitute legal advice.

Learn more about Informal Interpretations.