id	sid	tid	token	lemma	pos
cblr-1216	1	1	microsoft	microsoft	PROPN
cblr-1216	1	2	word	word	NOUN
cblr-1216	1	3	7	7	NUM
cblr-1216	1	4	.	.	PUNCT
cblr-1216	1	5	nadler_print_approved.docx	nadler_print_approved.docx	VERB
cblr-1216	1	6	nadler_final	nadler_final	ADJ
cblr-1216	1	7	federal	federal	ADJ
cblr-1216	1	8	fiduciary	fiduciary	ADJ
cblr-1216	1	9	duties	duty	NOUN
cblr-1216	1	10	and	and	CCONJ
cblr-1216	1	11	private	private	ADJ
cblr-1216	1	12	equity	equity	NOUN
cblr-1216	1	13	:	:	PUNCT
cblr-1216	1	14	the	the	DET
cblr-1216	1	15	search	search	NOUN
cblr-1216	1	16	for	for	ADP
cblr-1216	1	17	workable	workable	ADJ
cblr-1216	1	18	standards	standard	NOUN
cblr-1216	1	19	samuel	samuel	PROPN
cblr-1216	1	20	nadler	nadler	PROPN
cblr-1216	1	21	*	*	PROPN
cblr-1216	1	22	the	the	DET
cblr-1216	1	23	dodd	dodd	PROPN
cblr-1216	1	24	-	-	PUNCT
cblr-1216	1	25	frank	frank	PROPN
cblr-1216	1	26	wall	wall	PROPN
cblr-1216	1	27	street	street	PROPN
cblr-1216	1	28	reform	reform	PROPN
cblr-1216	1	29	and	and	CCONJ
cblr-1216	1	30	consumer	consumer	NOUN
cblr-1216	1	31	protection	protection	PROPN
cblr-1216	1	32	act	act	PROPN
cblr-1216	1	33	drastically	drastically	ADV
cblr-1216	1	34	changed	change	VERB
cblr-1216	1	35	the	the	DET
cblr-1216	1	36	financial	financial	ADJ
cblr-1216	1	37	regulatory	regulatory	ADJ
cblr-1216	1	38	landscape	landscape	NOUN
cblr-1216	1	39	in	in	ADP
cblr-1216	1	40	the	the	DET
cblr-1216	1	41	united	united	PROPN
cblr-1216	1	42	states	states	PROPN
cblr-1216	1	43	.	.	PUNCT
cblr-1216	2	1	one	one	NUM
cblr-1216	2	2	noteworthy	noteworthy	ADJ
cblr-1216	2	3	change	change	NOUN
cblr-1216	2	4	was	be	AUX
cblr-1216	2	5	a	a	DET
cblr-1216	2	6	nearelimination	nearelimination	NOUN
cblr-1216	2	7	of	of	ADP
cblr-1216	2	8	the	the	DET
cblr-1216	2	9	so	so	ADV
cblr-1216	2	10	-	-	PUNCT
cblr-1216	2	11	called	call	VERB
cblr-1216	2	12	“	"	PUNCT
cblr-1216	2	13	private	private	ADJ
cblr-1216	2	14	adviser	adviser	NOUN
cblr-1216	2	15	”	"	PUNCT
cblr-1216	2	16	exemption	exemption	NOUN
cblr-1216	2	17	to	to	ADP
cblr-1216	2	18	the	the	DET
cblr-1216	2	19	investment	investment	NOUN
cblr-1216	2	20	advisors	advisor	NOUN
cblr-1216	2	21	act	act	VERB
cblr-1216	2	22	of	of	ADP
cblr-1216	2	23	1940	1940	NUM
cblr-1216	2	24	.	.	PUNCT
cblr-1216	3	1	the	the	DET
cblr-1216	3	2	biggest	big	ADJ
cblr-1216	3	3	beneficiaries	beneficiary	NOUN
cblr-1216	3	4	of	of	ADP
cblr-1216	3	5	this	this	DET
cblr-1216	3	6	exemption	exemption	NOUN
cblr-1216	3	7	were	be	AUX
cblr-1216	3	8	private	private	ADJ
cblr-1216	3	9	equity	equity	NOUN
cblr-1216	3	10	sponsors	sponsor	NOUN
cblr-1216	3	11	and	and	CCONJ
cblr-1216	3	12	hedge	hedge	NOUN
cblr-1216	3	13	fund	fund	NOUN
cblr-1216	3	14	managers	manager	NOUN
cblr-1216	3	15	.	.	PUNCT
cblr-1216	4	1	a	a	DET
cblr-1216	4	2	result	result	NOUN
cblr-1216	4	3	of	of	ADP
cblr-1216	4	4	this	this	DET
cblr-1216	4	5	change	change	NOUN
cblr-1216	4	6	is	be	AUX
cblr-1216	4	7	that	that	SCONJ
cblr-1216	4	8	most	most	ADV
cblr-1216	4	9	private	private	ADJ
cblr-1216	4	10	equity	equity	NOUN
cblr-1216	4	11	fund	fund	NOUN
cblr-1216	4	12	advisers	adviser	NOUN
cblr-1216	4	13	and	and	CCONJ
cblr-1216	4	14	hedge	hedge	NOUN
cblr-1216	4	15	fund	fund	NOUN
cblr-1216	4	16	managers	manager	NOUN
cblr-1216	4	17	must	must	AUX
cblr-1216	4	18	now	now	ADV
cblr-1216	4	19	register	register	VERB
cblr-1216	4	20	as	as	ADP
cblr-1216	4	21	investment	investment	NOUN
cblr-1216	4	22	advisers	adviser	NOUN
cblr-1216	4	23	with	with	ADP
cblr-1216	4	24	the	the	DET
cblr-1216	4	25	securities	securities	PROPN
cblr-1216	4	26	and	and	CCONJ
cblr-1216	4	27	exchange	exchange	PROPN
cblr-1216	4	28	commission	commission	PROPN
cblr-1216	4	29	(	(	PUNCT
cblr-1216	4	30	the	the	DET
cblr-1216	4	31	“	"	PUNCT
cblr-1216	4	32	sec	sec	PROPN
cblr-1216	4	33	”	"	PUNCT
cblr-1216	4	34	)	)	PUNCT
cblr-1216	4	35	under	under	SCONJ
cblr-1216	4	36	the	the	DET
cblr-1216	4	37	investment	investment	NOUN
cblr-1216	4	38	advisers	adviser	NOUN
cblr-1216	4	39	act	act	VERB
cblr-1216	4	40	and	and	CCONJ
cblr-1216	4	41	are	be	AUX
cblr-1216	4	42	subject	subject	ADJ
cblr-1216	4	43	to	to	ADP
cblr-1216	4	44	a	a	DET
cblr-1216	4	45	myriad	myriad	NOUN
cblr-1216	4	46	of	of	ADP
cblr-1216	4	47	rules	rule	NOUN
cblr-1216	4	48	and	and	CCONJ
cblr-1216	4	49	regulations	regulation	NOUN
cblr-1216	4	50	.	.	PUNCT
cblr-1216	5	1	the	the	DET
cblr-1216	5	2	focus	focus	NOUN
cblr-1216	5	3	of	of	ADP
cblr-1216	5	4	this	this	DET
cblr-1216	5	5	note	note	NOUN
cblr-1216	5	6	is	be	AUX
cblr-1216	5	7	the	the	DET
cblr-1216	5	8	application	application	NOUN
cblr-1216	5	9	of	of	ADP
cblr-1216	5	10	the	the	DET
cblr-1216	5	11	fiduciary	fiduciary	ADJ
cblr-1216	5	12	duties	duty	NOUN
cblr-1216	5	13	governing	govern	VERB
cblr-1216	5	14	advisers	adviser	NOUN
cblr-1216	5	15	required	require	VERB
cblr-1216	5	16	to	to	PART
cblr-1216	5	17	register	register	VERB
cblr-1216	5	18	under	under	ADP
cblr-1216	5	19	the	the	DET
cblr-1216	5	20	investment	investment	NOUN
cblr-1216	5	21	advisers	adviser	NOUN
cblr-1216	5	22	act	act	VERB
cblr-1216	5	23	to	to	ADP
cblr-1216	5	24	private	private	ADJ
cblr-1216	5	25	equity	equity	NOUN
cblr-1216	5	26	sponsors	sponsor	NOUN
cblr-1216	5	27	.	.	PUNCT
cblr-1216	6	1	problematically	problematically	ADV
cblr-1216	6	2	,	,	PUNCT
cblr-1216	6	3	these	these	DET
cblr-1216	6	4	fiduciary	fiduciary	ADJ
cblr-1216	6	5	duties	duty	NOUN
cblr-1216	6	6	do	do	AUX
cblr-1216	6	7	not	not	PART
cblr-1216	6	8	emanate	emanate	VERB
cblr-1216	6	9	from	from	ADP
cblr-1216	6	10	the	the	DET
cblr-1216	6	11	act	act	NOUN
cblr-1216	6	12	itself	itself	PRON
cblr-1216	6	13	,	,	PUNCT
cblr-1216	6	14	but	but	CCONJ
cblr-1216	6	15	are	be	AUX
cblr-1216	6	16	the	the	DET
cblr-1216	6	17	result	result	NOUN
cblr-1216	6	18	of	of	ADP
cblr-1216	6	19	judicial	judicial	ADJ
cblr-1216	6	20	interpretation	interpretation	NOUN
cblr-1216	6	21	.	.	PUNCT
cblr-1216	7	1	largely	largely	ADV
cblr-1216	7	2	because	because	SCONJ
cblr-1216	7	3	of	of	ADP
cblr-1216	7	4	this	this	DET
cblr-1216	7	5	genesis	genesis	NOUN
cblr-1216	7	6	,	,	PUNCT
cblr-1216	7	7	the	the	DET
cblr-1216	7	8	substance	substance	NOUN
cblr-1216	7	9	of	of	ADP
cblr-1216	7	10	advisers	adviser	NOUN
cblr-1216	7	11	’	’	PART
cblr-1216	7	12	fiduciary	fiduciary	ADJ
cblr-1216	7	13	duties	duty	NOUN
cblr-1216	7	14	remains	remain	VERB
cblr-1216	7	15	unclear	unclear	ADJ
cblr-1216	7	16	.	.	PUNCT
cblr-1216	8	1	importantly	importantly	ADV
cblr-1216	8	2	for	for	ADP
cblr-1216	8	3	private	private	ADJ
cblr-1216	8	4	equity	equity	NOUN
cblr-1216	8	5	advisers	adviser	NOUN
cblr-1216	8	6	,	,	PUNCT
cblr-1216	8	7	the	the	DET
cblr-1216	8	8	bounds	bound	NOUN
cblr-1216	8	9	of	of	ADP
cblr-1216	8	10	their	their	PRON
cblr-1216	8	11	fiduciary	fiduciary	ADJ
cblr-1216	8	12	duties	duty	NOUN
cblr-1216	8	13	were	be	AUX
cblr-1216	8	14	developed	develop	VERB
cblr-1216	8	15	in	in	ADP
cblr-1216	8	16	the	the	DET
cblr-1216	8	17	context	context	NOUN
cblr-1216	8	18	of	of	ADP
cblr-1216	8	19	industries	industry	NOUN
cblr-1216	8	20	vastly	vastly	ADV
cblr-1216	8	21	different	different	ADJ
cblr-1216	8	22	from	from	ADP
cblr-1216	8	23	modern	modern	ADJ
cblr-1216	8	24	private	private	ADJ
cblr-1216	8	25	equity	equity	NOUN
cblr-1216	8	26	.	.	PUNCT
cblr-1216	9	1	this	this	DET
cblr-1216	9	2	note	note	NOUN
cblr-1216	9	3	argues	argue	VERB
cblr-1216	9	4	that	that	SCONJ
cblr-1216	9	5	the	the	DET
cblr-1216	9	6	existing	exist	VERB
cblr-1216	9	7	“	"	PUNCT
cblr-1216	9	8	one	one	NUM
cblr-1216	9	9	-	-	PUNCT
cblr-1216	9	10	size	size	NOUN
cblr-1216	9	11	-	-	PUNCT
cblr-1216	9	12	fits	fit	VERB
cblr-1216	9	13	-	-	PUNCT
cblr-1216	9	14	all	all	PRON
cblr-1216	9	15	”	"	PUNCT
cblr-1216	9	16	scheme	scheme	NOUN
cblr-1216	9	17	of	of	ADP
cblr-1216	9	18	fiduciary	fiduciary	ADJ
cblr-1216	9	19	regulation	regulation	NOUN
cblr-1216	9	20	under	under	ADP
cblr-1216	9	21	the	the	DET
cblr-1216	9	22	investment	investment	NOUN
cblr-1216	9	23	advisers	adviser	NOUN
cblr-1216	9	24	*	*	PUNCT
cblr-1216	9	25	j.d	j.d	PROPN
cblr-1216	9	26	.	.	PROPN
cblr-1216	9	27	candidate	candidate	NOUN
cblr-1216	9	28	2018	2018	NUM
cblr-1216	9	29	,	,	PUNCT
cblr-1216	9	30	columbia	columbia	PROPN
cblr-1216	9	31	law	law	PROPN
cblr-1216	9	32	school	school	NOUN
cblr-1216	9	33	;	;	PUNCT
cblr-1216	9	34	b.a	b.a	PROPN
cblr-1216	9	35	.	.	PROPN
cblr-1216	9	36	2015	2015	NUM
cblr-1216	9	37	,	,	PUNCT
cblr-1216	9	38	vanderbilt	vanderbilt	PROPN
cblr-1216	9	39	university	university	PROPN
cblr-1216	9	40	.	.	PUNCT
cblr-1216	10	1	a	a	DET
cblr-1216	10	2	big	big	ADJ
cblr-1216	10	3	thank	thank	VERB
cblr-1216	10	4	you	you	PRON
cblr-1216	10	5	to	to	ADP
cblr-1216	10	6	professor	professor	PROPN
cblr-1216	10	7	eric	eric	PROPN
cblr-1216	10	8	talley	talley	PROPN
cblr-1216	10	9	for	for	ADP
cblr-1216	10	10	his	his	PRON
cblr-1216	10	11	guidance	guidance	NOUN
cblr-1216	10	12	and	and	CCONJ
cblr-1216	10	13	advice	advice	NOUN
cblr-1216	10	14	on	on	ADP
cblr-1216	10	15	this	this	DET
cblr-1216	10	16	note	note	NOUN
cblr-1216	10	17	and	and	CCONJ
cblr-1216	10	18	on	on	ADP
cblr-1216	10	19	various	various	ADJ
cblr-1216	10	20	other	other	ADJ
cblr-1216	10	21	projects	project	NOUN
cblr-1216	10	22	over	over	ADP
cblr-1216	10	23	the	the	DET
cblr-1216	10	24	last	last	ADJ
cblr-1216	10	25	two	two	NUM
cblr-1216	10	26	years	year	NOUN
cblr-1216	10	27	.	.	PUNCT
cblr-1216	11	1	additionally	additionally	ADV
cblr-1216	11	2	,	,	PUNCT
cblr-1216	11	3	thank	thank	VERB
cblr-1216	11	4	you	you	PRON
cblr-1216	11	5	to	to	ADP
cblr-1216	11	6	my	my	PRON
cblr-1216	11	7	professors	professor	NOUN
cblr-1216	11	8	at	at	ADP
cblr-1216	11	9	columbia	columbia	PROPN
cblr-1216	11	10	law	law	PROPN
cblr-1216	11	11	school	school	NOUN
cblr-1216	11	12	who	who	PRON
cblr-1216	11	13	challenged	challenge	VERB
cblr-1216	11	14	me	i	PRON
cblr-1216	11	15	to	to	PART
cblr-1216	11	16	reach	reach	VERB
cblr-1216	11	17	my	my	PRON
cblr-1216	11	18	full	full	ADJ
cblr-1216	11	19	potential	potential	NOUN
cblr-1216	11	20	.	.	PUNCT
cblr-1216	12	1	i	i	PRON
cblr-1216	12	2	would	would	AUX
cblr-1216	12	3	also	also	ADV
cblr-1216	12	4	like	like	VERB
cblr-1216	12	5	to	to	PART
cblr-1216	12	6	thank	thank	VERB
cblr-1216	12	7	the	the	DET
cblr-1216	12	8	staff	staff	NOUN
cblr-1216	12	9	and	and	CCONJ
cblr-1216	12	10	editors	editor	NOUN
cblr-1216	12	11	of	of	ADP
cblr-1216	12	12	the	the	DET
cblr-1216	12	13	columbia	columbia	PROPN
cblr-1216	12	14	business	business	PROPN
cblr-1216	12	15	law	law	PROPN
cblr-1216	12	16	review	review	NOUN
cblr-1216	12	17	for	for	ADP
cblr-1216	12	18	their	their	PRON
cblr-1216	12	19	hard	hard	ADJ
cblr-1216	12	20	work	work	NOUN
cblr-1216	12	21	on	on	ADP
cblr-1216	12	22	this	this	DET
cblr-1216	12	23	note	note	NOUN
cblr-1216	12	24	.	.	PUNCT
cblr-1216	13	1	finally	finally	ADV
cblr-1216	13	2	,	,	PUNCT
cblr-1216	13	3	thank	thank	VERB
cblr-1216	13	4	you	you	PRON
cblr-1216	13	5	to	to	ADP
cblr-1216	13	6	my	my	PRON
cblr-1216	13	7	family	family	NOUN
cblr-1216	13	8	,	,	PUNCT
cblr-1216	13	9	and	and	CCONJ
cblr-1216	13	10	especially	especially	ADV
cblr-1216	13	11	my	my	PRON
cblr-1216	13	12	parents	parent	NOUN
cblr-1216	13	13	,	,	PUNCT
cblr-1216	13	14	for	for	ADP
cblr-1216	13	15	your	your	PRON
cblr-1216	13	16	love	love	NOUN
cblr-1216	13	17	and	and	CCONJ
cblr-1216	13	18	support	support	NOUN
cblr-1216	13	19	.	.	PUNCT
cblr-1216	14	1	nadler_final	nadler_final	ADJ
cblr-1216	14	2	no	no	INTJ
cblr-1216	14	3	.	.	PUNCT
cblr-1216	15	1	1:254	1:254	NUM
cblr-1216	15	2	]	]	X
cblr-1216	15	3	federal	federal	ADJ
cblr-1216	15	4	fiduciary	fiduciary	ADJ
cblr-1216	15	5	duties	duty	NOUN
cblr-1216	15	6	and	and	CCONJ
cblr-1216	15	7	private	private	ADJ
cblr-1216	15	8	equity	equity	NOUN
cblr-1216	15	9	255	255	NUM
cblr-1216	15	10	act	act	NOUN
cblr-1216	15	11	is	be	AUX
cblr-1216	15	12	inappropriate	inappropriate	ADJ
cblr-1216	15	13	for	for	ADP
cblr-1216	15	14	the	the	DET
cblr-1216	15	15	private	private	ADJ
cblr-1216	15	16	equity	equity	NOUN
cblr-1216	15	17	industry	industry	NOUN
cblr-1216	15	18	.	.	PUNCT
cblr-1216	16	1	it	it	PRON
cblr-1216	16	2	examines	examine	VERB
cblr-1216	16	3	three	three	NUM
cblr-1216	16	4	recent	recent	ADJ
cblr-1216	16	5	sec	sec	PROPN
cblr-1216	16	6	orders	order	NOUN
cblr-1216	16	7	against	against	ADP
cblr-1216	16	8	major	major	ADJ
cblr-1216	16	9	industry	industry	NOUN
cblr-1216	16	10	players	player	NOUN
cblr-1216	16	11	for	for	ADP
cblr-1216	16	12	violations	violation	NOUN
cblr-1216	16	13	of	of	ADP
cblr-1216	16	14	their	their	PRON
cblr-1216	16	15	fiduciary	fiduciary	ADJ
cblr-1216	16	16	duties	duty	NOUN
cblr-1216	16	17	under	under	ADP
cblr-1216	16	18	the	the	DET
cblr-1216	16	19	investment	investment	NOUN
cblr-1216	16	20	advisers	adviser	NOUN
cblr-1216	16	21	act	act	VERB
cblr-1216	16	22	and	and	CCONJ
cblr-1216	16	23	notes	note	VERB
cblr-1216	16	24	both	both	CCONJ
cblr-1216	16	25	their	their	PRON
cblr-1216	16	26	inconsistency	inconsistency	NOUN
cblr-1216	16	27	and	and	CCONJ
cblr-1216	16	28	lack	lack	NOUN
cblr-1216	16	29	of	of	ADP
cblr-1216	16	30	guidance	guidance	NOUN
cblr-1216	16	31	.	.	PUNCT
cblr-1216	17	1	instead	instead	ADV
cblr-1216	17	2	of	of	ADP
cblr-1216	17	3	this	this	DET
cblr-1216	17	4	byzantine	byzantine	ADJ
cblr-1216	17	5	system	system	NOUN
cblr-1216	17	6	of	of	ADP
cblr-1216	17	7	fiduciary	fiduciary	ADJ
cblr-1216	17	8	regulation	regulation	NOUN
cblr-1216	17	9	,	,	PUNCT
cblr-1216	17	10	a	a	DET
cblr-1216	17	11	contractarian	contractarian	ADJ
cblr-1216	17	12	model	model	NOUN
cblr-1216	17	13	would	would	AUX
cblr-1216	17	14	better	well	ADV
cblr-1216	17	15	serve	serve	VERB
cblr-1216	17	16	both	both	DET
cblr-1216	17	17	private	private	ADJ
cblr-1216	17	18	equity	equity	NOUN
cblr-1216	17	19	sponsors	sponsor	NOUN
cblr-1216	17	20	and	and	CCONJ
cblr-1216	17	21	investors	investor	NOUN
cblr-1216	17	22	by	by	ADP
cblr-1216	17	23	allowing	allow	VERB
cblr-1216	17	24	the	the	DET
cblr-1216	17	25	parties	party	NOUN
cblr-1216	17	26	themselves	themselves	PRON
cblr-1216	17	27	to	to	PART
cblr-1216	17	28	define	define	VERB
cblr-1216	17	29	the	the	DET
cblr-1216	17	30	bounds	bound	NOUN
cblr-1216	17	31	of	of	ADP
cblr-1216	17	32	the	the	DET
cblr-1216	17	33	fiduciary	fiduciary	ADJ
cblr-1216	17	34	relationship	relationship	NOUN
cblr-1216	17	35	.	.	PUNCT
cblr-1216	18	1	this	this	DET
cblr-1216	18	2	approach	approach	NOUN
cblr-1216	18	3	best	well	ADV
cblr-1216	18	4	reflects	reflect	VERB
cblr-1216	18	5	the	the	DET
cblr-1216	18	6	bargaining	bargaining	NOUN
cblr-1216	18	7	power	power	NOUN
cblr-1216	18	8	and	and	CCONJ
cblr-1216	18	9	financial	financial	ADJ
cblr-1216	18	10	sophistication	sophistication	NOUN
cblr-1216	18	11	of	of	ADP
cblr-1216	18	12	the	the	DET
cblr-1216	18	13	parties	party	NOUN
cblr-1216	18	14	and	and	CCONJ
cblr-1216	18	15	encourages	encourage	VERB
cblr-1216	18	16	the	the	DET
cblr-1216	18	17	continued	continue	VERB
cblr-1216	18	18	growth	growth	NOUN
cblr-1216	18	19	of	of	ADP
cblr-1216	18	20	the	the	DET
cblr-1216	18	21	private	private	ADJ
cblr-1216	18	22	equity	equity	NOUN
cblr-1216	18	23	industry	industry	NOUN
cblr-1216	18	24	.	.	PUNCT
cblr-1216	19	1	i.	i.	PROPN
cblr-1216	19	2	introduction	introduction	NOUN
cblr-1216	19	3	...............................................................	...............................................................	PUNCT
cblr-1216	20	1	256	256	NUM
cblr-1216	20	2	a.	a.	NOUN
cblr-1216	20	3	the	the	DET
cblr-1216	20	4	investment	investment	NOUN
cblr-1216	20	5	advisors	advisor	NOUN
cblr-1216	20	6	act	act	VERB
cblr-1216	20	7	of	of	ADP
cblr-1216	20	8	1940	1940	NUM
cblr-1216	20	9	.................	.................	PUNCT
cblr-1216	21	1	257	257	NUM
cblr-1216	21	2	b.	b.	PROPN
cblr-1216	21	3	development	development	NOUN
cblr-1216	21	4	of	of	ADP
cblr-1216	21	5	a	a	DET
cblr-1216	21	6	federal	federal	ADJ
cblr-1216	21	7	fiduciary	fiduciary	ADJ
cblr-1216	21	8	duty	duty	NOUN
cblr-1216	21	9	..........	..........	PUNCT
cblr-1216	21	10	258	258	NUM
cblr-1216	21	11	c.	c.	PROPN
cblr-1216	21	12	private	private	ADJ
cblr-1216	21	13	equity	equity	NOUN
cblr-1216	21	14	and	and	CCONJ
cblr-1216	21	15	the	the	DET
cblr-1216	21	16	investment	investment	NOUN
cblr-1216	21	17	advisers	adviser	NOUN
cblr-1216	21	18	act	act	VERB
cblr-1216	21	19	........................................................................	........................................................................	PUNCT
cblr-1216	21	20	260	260	NUM
cblr-1216	21	21	ii	ii	NOUN
cblr-1216	21	22	.	.	PUNCT
cblr-1216	22	1	disparities	disparity	NOUN
cblr-1216	22	2	between	between	ADP
cblr-1216	22	3	the	the	DET
cblr-1216	22	4	federal	federal	ADJ
cblr-1216	22	5	fiduciary	fiduciary	ADJ
cblr-1216	22	6	standard	standard	PROPN
cblr-1216	22	7	and	and	CCONJ
cblr-1216	22	8	delaware	delaware	PROPN
cblr-1216	22	9	law	law	PROPN
cblr-1216	22	10	.....................................................	.....................................................	PUNCT
cblr-1216	22	11	264	264	NUM
cblr-1216	22	12	a.	a.	NOUN
cblr-1216	22	13	sec	sec	PROPN
cblr-1216	22	14	enforcement	enforcement	NOUN
cblr-1216	22	15	actions	action	NOUN
cblr-1216	22	16	...................................	...................................	PUNCT
cblr-1216	22	17	265	265	NUM
cblr-1216	22	18	1	1	NUM
cblr-1216	22	19	.	.	PUNCT
cblr-1216	23	1	kkr	kkr	PROPN
cblr-1216	23	2	................................................................	................................................................	PUNCT
cblr-1216	23	3	266	266	NUM
cblr-1216	23	4	2	2	NUM
cblr-1216	23	5	.	.	PUNCT
cblr-1216	23	6	blackstone	blackstone	NOUN
cblr-1216	23	7	......................................................	......................................................	PUNCT
cblr-1216	24	1	268	268	NUM
cblr-1216	24	2	3	3	X
cblr-1216	24	3	.	.	PUNCT
cblr-1216	25	1	apollo	apollo	PROPN
cblr-1216	25	2	..............................................................	..............................................................	PUNCT
cblr-1216	26	1	270	270	NUM
cblr-1216	26	2	4	4	NUM
cblr-1216	26	3	.	.	PUNCT
cblr-1216	26	4	takeaways	takeaway	NOUN
cblr-1216	26	5	from	from	ADP
cblr-1216	26	6	sec	sec	PROPN
cblr-1216	26	7	enforcement	enforcement	NOUN
cblr-1216	26	8	actions	action	NOUN
cblr-1216	26	9	..	..	PUNCT
cblr-1216	26	10	272	272	NUM
cblr-1216	26	11	5	5	NUM
cblr-1216	26	12	.	.	PUNCT
cblr-1216	26	13	impacts	impact	NOUN
cblr-1216	26	14	of	of	ADP
cblr-1216	26	15	dodd	dodd	PROPN
cblr-1216	26	16	-	-	PUNCT
cblr-1216	26	17	frank	frank	PROPN
cblr-1216	26	18	and	and	CCONJ
cblr-1216	26	19	sec	sec	PROPN
cblr-1216	26	20	enforcement	enforcement	NOUN
cblr-1216	26	21	actions	action	NOUN
cblr-1216	26	22	......................................	......................................	PUNCT
cblr-1216	26	23	275	275	NUM
cblr-1216	26	24	b.	b.	PROPN
cblr-1216	26	25	fiduciary	fiduciary	ADJ
cblr-1216	26	26	duties	duty	NOUN
cblr-1216	26	27	under	under	ADP
cblr-1216	26	28	delaware	delaware	PROPN
cblr-1216	26	29	law	law	PROPN
cblr-1216	26	30	..............	..............	PUNCT
cblr-1216	27	1	278	278	NUM
cblr-1216	27	2	1	1	NUM
cblr-1216	27	3	.	.	PUNCT
cblr-1216	27	4	dlpa	dlpa	ADJ
cblr-1216	27	5	and	and	CCONJ
cblr-1216	27	6	waivable	waivable	ADJ
cblr-1216	27	7	fiduciary	fiduciary	ADJ
cblr-1216	27	8	duties	duty	NOUN
cblr-1216	27	9	..........	..........	PUNCT
cblr-1216	27	10	278	278	NUM
cblr-1216	27	11	iii	iii	NOUN
cblr-1216	27	12	.	.	PUNCT
cblr-1216	28	1	the	the	DET
cblr-1216	28	2	fiduciary	fiduciary	ADJ
cblr-1216	28	3	protections	protection	NOUN
cblr-1216	28	4	in	in	ADP
cblr-1216	28	5	the	the	DET
cblr-1216	28	6	investment	investment	NOUN
cblr-1216	28	7	advisers	adviser	NOUN
cblr-1216	28	8	act	act	VERB
cblr-1216	28	9	as	as	SCONJ
cblr-1216	28	10	applied	apply	VERB
cblr-1216	28	11	to	to	ADP
cblr-1216	28	12	private	private	ADJ
cblr-1216	28	13	equity	equity	NOUN
cblr-1216	28	14	sponsors	sponsor	NOUN
cblr-1216	28	15	should	should	AUX
cblr-1216	28	16	be	be	AUX
cblr-1216	28	17	modified	modify	VERB
cblr-1216	28	18	to	to	PART
cblr-1216	28	19	reflect	reflect	VERB
cblr-1216	28	20	the	the	DET
cblr-1216	28	21	delaware	delaware	PROPN
cblr-1216	28	22	contractarian	contractarian	PROPN
cblr-1216	28	23	approach	approach	NOUN
cblr-1216	28	24	....................................................................	....................................................................	PUNCT
cblr-1216	29	1	280	280	NUM
cblr-1216	29	2	a.	a.	PROPN
cblr-1216	29	3	delaware	delaware	PROPN
cblr-1216	29	4	’s	’s	PART
cblr-1216	29	5	approach	approach	NOUN
cblr-1216	29	6	is	be	AUX
cblr-1216	29	7	more	more	ADV
cblr-1216	29	8	favorable	favorable	ADJ
cblr-1216	29	9	............	............	PUNCT
cblr-1216	29	10	280	280	NUM
cblr-1216	29	11	b.	b.	PROPN
cblr-1216	29	12	incentive	incentive	PROPN
cblr-1216	29	13	structures	structure	NOUN
cblr-1216	29	14	in	in	ADP
cblr-1216	29	15	private	private	ADJ
cblr-1216	29	16	equity	equity	NOUN
cblr-1216	29	17	...............	...............	PUNCT
cblr-1216	29	18	282	282	NUM
cblr-1216	29	19	c.	c.	NOUN
cblr-1216	29	20	limitations	limitation	NOUN
cblr-1216	29	21	of	of	ADP
cblr-1216	29	22	this	this	DET
cblr-1216	29	23	argument	argument	NOUN
cblr-1216	29	24	.............................	.............................	PUNCT
cblr-1216	29	25	285	285	NUM
cblr-1216	29	26	v.	v.	ADP
cblr-1216	29	27	conclusion	conclusion	NOUN
cblr-1216	29	28	..................................................................	..................................................................	PUNCT
cblr-1216	29	29	286	286	NUM
cblr-1216	29	30	nadler_final	nadler_final	ADJ
cblr-1216	29	31	256	256	NUM
cblr-1216	29	32	columbia	columbia	PROPN
cblr-1216	29	33	business	business	NOUN
cblr-1216	29	34	law	law	NOUN
cblr-1216	29	35	review	review	NOUN
cblr-1216	29	36	[	[	X
cblr-1216	29	37	vol	vol	NOUN
cblr-1216	29	38	.	.	NOUN
cblr-1216	29	39	2018	2018	NUM
cblr-1216	29	40	i.	i.	NOUN
cblr-1216	29	41	introduction	introduction	NOUN
cblr-1216	29	42	this	this	DET
cblr-1216	29	43	note	note	NOUN
cblr-1216	29	44	focuses	focus	VERB
cblr-1216	29	45	on	on	ADP
cblr-1216	29	46	the	the	DET
cblr-1216	29	47	vague	vague	ADJ
cblr-1216	29	48	yet	yet	CCONJ
cblr-1216	29	49	imperious	imperious	ADJ
cblr-1216	29	50	fiduciary	fiduciary	ADJ
cblr-1216	29	51	duties	duty	NOUN
cblr-1216	29	52	owed	owe	VERB
cblr-1216	29	53	by	by	ADP
cblr-1216	29	54	private	private	ADJ
cblr-1216	29	55	equity	equity	NOUN
cblr-1216	29	56	sponsors	sponsor	NOUN
cblr-1216	29	57	to	to	ADP
cblr-1216	29	58	limited	limited	ADJ
cblr-1216	29	59	partners	partner	NOUN
cblr-1216	29	60	under	under	ADP
cblr-1216	29	61	the	the	DET
cblr-1216	29	62	investment	investment	NOUN
cblr-1216	29	63	advisers	adviser	NOUN
cblr-1216	29	64	act	act	VERB
cblr-1216	29	65	of	of	ADP
cblr-1216	29	66	1940	1940	NUM
cblr-1216	29	67	(	(	PUNCT
cblr-1216	29	68	the	the	DET
cblr-1216	29	69	“	"	PUNCT
cblr-1216	29	70	iaa	iaa	NOUN
cblr-1216	29	71	”	"	PUNCT
cblr-1216	29	72	)	)	PUNCT
cblr-1216	29	73	.	.	PUNCT
cblr-1216	30	1	the	the	DET
cblr-1216	30	2	uncertainty	uncertainty	NOUN
cblr-1216	30	3	around	around	ADP
cblr-1216	30	4	this	this	DET
cblr-1216	30	5	fiduciary	fiduciary	ADJ
cblr-1216	30	6	standard	standard	NOUN
cblr-1216	30	7	stems	stem	VERB
cblr-1216	30	8	not	not	PART
cblr-1216	30	9	from	from	ADP
cblr-1216	30	10	the	the	DET
cblr-1216	30	11	text	text	NOUN
cblr-1216	30	12	of	of	ADP
cblr-1216	30	13	the	the	DET
cblr-1216	30	14	iaa	iaa	NOUN
cblr-1216	30	15	itself	itself	PRON
cblr-1216	30	16	,	,	PUNCT
cblr-1216	30	17	nor	nor	CCONJ
cblr-1216	30	18	from	from	ADP
cblr-1216	30	19	the	the	DET
cblr-1216	30	20	primary	primary	ADJ
cblr-1216	30	21	case	case	NOUN
cblr-1216	30	22	interpreting	interpret	VERB
cblr-1216	30	23	duties	duty	NOUN
cblr-1216	30	24	owed	owe	VERB
cblr-1216	30	25	under	under	ADP
cblr-1216	30	26	it	it	PRON
cblr-1216	30	27	,	,	PUNCT
cblr-1216	30	28	sec	sec	PROPN
cblr-1216	30	29	v.	v.	CCONJ
cblr-1216	30	30	capital	capital	NOUN
cblr-1216	30	31	gains	gain	NOUN
cblr-1216	30	32	research	research	NOUN
cblr-1216	30	33	bureau,1	bureau,1	NOUN
cblr-1216	30	34	but	but	CCONJ
cblr-1216	30	35	from	from	ADP
cblr-1216	30	36	subsequent	subsequent	ADJ
cblr-1216	30	37	supreme	supreme	PROPN
cblr-1216	30	38	court	court	PROPN
cblr-1216	30	39	and	and	CCONJ
cblr-1216	30	40	appellate	appellate	ADJ
cblr-1216	30	41	cases	case	NOUN
cblr-1216	30	42	that	that	PRON
cblr-1216	30	43	frequently	frequently	ADV
cblr-1216	30	44	relied	rely	VERB
cblr-1216	30	45	on	on	ADP
cblr-1216	30	46	obtuse	obtuse	NOUN
cblr-1216	30	47	and	and	CCONJ
cblr-1216	30	48	untenable	untenable	ADJ
cblr-1216	30	49	reasoning.2	reasoning.2	NOUN
cblr-1216	30	50	this	this	PRON
cblr-1216	30	51	is	be	AUX
cblr-1216	30	52	in	in	ADP
cblr-1216	30	53	addition	addition	NOUN
cblr-1216	30	54	to	to	ADP
cblr-1216	30	55	the	the	DET
cblr-1216	30	56	fact	fact	NOUN
cblr-1216	30	57	that	that	SCONJ
cblr-1216	30	58	private	private	ADJ
cblr-1216	30	59	equity	equity	NOUN
cblr-1216	30	60	firms	firm	NOUN
cblr-1216	30	61	have	have	AUX
cblr-1216	30	62	only	only	ADV
cblr-1216	30	63	been	be	AUX
cblr-1216	30	64	subject	subject	ADJ
cblr-1216	30	65	to	to	ADP
cblr-1216	30	66	the	the	DET
cblr-1216	30	67	iaa	iaa	NOUN
cblr-1216	30	68	’s	’s	PART
cblr-1216	30	69	prescriptions	prescription	NOUN
cblr-1216	30	70	since	since	SCONJ
cblr-1216	30	71	the	the	DET
cblr-1216	30	72	passage	passage	NOUN
cblr-1216	30	73	of	of	ADP
cblr-1216	30	74	the	the	DET
cblr-1216	30	75	dodd	dodd	PROPN
cblr-1216	30	76	-	-	PUNCT
cblr-1216	30	77	frank	frank	PROPN
cblr-1216	30	78	wall	wall	PROPN
cblr-1216	30	79	street	street	PROPN
cblr-1216	30	80	reform	reform	PROPN
cblr-1216	30	81	and	and	CCONJ
cblr-1216	30	82	consumer	consumer	NOUN
cblr-1216	30	83	protection	protection	NOUN
cblr-1216	30	84	act	act	NOUN
cblr-1216	30	85	(	(	PUNCT
cblr-1216	30	86	“	"	PUNCT
cblr-1216	30	87	dodd	dodd	PROPN
cblr-1216	30	88	-	-	PUNCT
cblr-1216	30	89	frank	frank	PROPN
cblr-1216	30	90	”	"	PUNCT
cblr-1216	30	91	)	)	PUNCT
cblr-1216	30	92	in	in	ADP
cblr-1216	30	93	2010,3	2010,3	NUM
cblr-1216	30	94	and	and	CCONJ
cblr-1216	30	95	thus	thus	ADV
cblr-1216	30	96	have	have	AUX
cblr-1216	30	97	been	be	AUX
cblr-1216	30	98	subsumed	subsume	VERB
cblr-1216	30	99	into	into	ADP
cblr-1216	30	100	a	a	DET
cblr-1216	30	101	regulatory	regulatory	ADJ
cblr-1216	30	102	structure	structure	NOUN
cblr-1216	30	103	largely	largely	ADV
cblr-1216	30	104	built	build	VERB
cblr-1216	30	105	around	around	ADP
cblr-1216	30	106	cases	case	NOUN
cblr-1216	30	107	decided	decide	VERB
cblr-1216	30	108	before	before	SCONJ
cblr-1216	30	109	private	private	ADJ
cblr-1216	30	110	equity	equity	NOUN
cblr-1216	30	111	entered	enter	VERB
cblr-1216	30	112	the	the	DET
cblr-1216	30	113	mainstream	mainstream	NOUN
cblr-1216	30	114	of	of	ADP
cblr-1216	30	115	american	american	ADJ
cblr-1216	30	116	finance.4	finance.4	PROPN
cblr-1216	30	117	yet	yet	ADV
cblr-1216	30	118	,	,	PUNCT
cblr-1216	30	119	private	private	ADJ
cblr-1216	30	120	equity	equity	NOUN
cblr-1216	30	121	firms	firm	NOUN
cblr-1216	30	122	face	face	VERB
cblr-1216	30	123	great	great	ADJ
cblr-1216	30	124	consequences	consequence	NOUN
cblr-1216	30	125	if	if	SCONJ
cblr-1216	30	126	they	they	PRON
cblr-1216	30	127	violate	violate	VERB
cblr-1216	30	128	their	their	PRON
cblr-1216	30	129	federal	federal	ADJ
cblr-1216	30	130	fiduciary	fiduciary	ADJ
cblr-1216	30	131	duties	duty	NOUN
cblr-1216	30	132	.	.	PUNCT
cblr-1216	31	1	in	in	ADP
cblr-1216	31	2	the	the	DET
cblr-1216	31	3	past	past	ADJ
cblr-1216	31	4	few	few	ADJ
cblr-1216	31	5	years	year	NOUN
cblr-1216	31	6	,	,	PUNCT
cblr-1216	31	7	blackstone	blackstone	NOUN
cblr-1216	31	8	and	and	CCONJ
cblr-1216	31	9	apollo	apollo	PROPN
cblr-1216	31	10	,	,	PUNCT
cblr-1216	31	11	two	two	NUM
cblr-1216	31	12	titans	titan	NOUN
cblr-1216	31	13	of	of	ADP
cblr-1216	31	14	the	the	DET
cblr-1216	31	15	private	private	ADJ
cblr-1216	31	16	equity	equity	NOUN
cblr-1216	31	17	industry	industry	NOUN
cblr-1216	31	18	,	,	PUNCT
cblr-1216	31	19	paid	pay	VERB
cblr-1216	31	20	$	$	SYM
cblr-1216	31	21	29	29	NUM
cblr-1216	31	22	million	million	NUM
cblr-1216	31	23	and	and	CCONJ
cblr-1216	31	24	$	$	SYM
cblr-1216	31	25	40	40	NUM
cblr-1216	31	26	million	million	NUM
cblr-1216	31	27	dollars	dollar	NOUN
cblr-1216	31	28	,	,	PUNCT
cblr-1216	31	29	respectively	respectively	ADV
cblr-1216	31	30	,	,	PUNCT
cblr-1216	31	31	to	to	PART
cblr-1216	31	32	settle	settle	VERB
cblr-1216	31	33	with	with	ADP
cblr-1216	31	34	the	the	DET
cblr-1216	31	35	united	united	PROPN
cblr-1216	31	36	states	states	PROPN
cblr-1216	31	37	securities	securities	PROPN
cblr-1216	31	38	and	and	CCONJ
cblr-1216	31	39	exchange	exchange	PROPN
cblr-1216	31	40	commission	commission	PROPN
cblr-1216	31	41	(	(	PUNCT
cblr-1216	31	42	the	the	DET
cblr-1216	31	43	“	"	PUNCT
cblr-1216	31	44	sec	sec	PROPN
cblr-1216	31	45	”	"	PUNCT
cblr-1216	31	46	or	or	CCONJ
cblr-1216	31	47	“	"	PUNCT
cblr-1216	31	48	commission	commission	NOUN
cblr-1216	31	49	”	"	PUNCT
cblr-1216	31	50	)	)	PUNCT
cblr-1216	31	51	to	to	PART
cblr-1216	31	52	settle	settle	VERB
cblr-1216	31	53	with	with	ADP
cblr-1216	31	54	the	the	DET
cblr-1216	31	55	sec	sec	PROPN
cblr-1216	31	56	after	after	ADP
cblr-1216	31	57	alleged	allege	VERB
cblr-1216	31	58	violations	violation	NOUN
cblr-1216	31	59	of	of	ADP
cblr-1216	31	60	their	their	PRON
cblr-1216	31	61	fiduciary	fiduciary	ADJ
cblr-1216	31	62	duties.5	duties.5	NOUN
cblr-1216	31	63	this	this	DET
cblr-1216	31	64	note	note	NOUN
cblr-1216	31	65	argues	argue	VERB
cblr-1216	31	66	that	that	SCONJ
cblr-1216	31	67	private	private	ADJ
cblr-1216	31	68	equity	equity	NOUN
cblr-1216	31	69	advisers	adviser	NOUN
cblr-1216	31	70	’	’	PART
cblr-1216	31	71	federal	federal	ADJ
cblr-1216	31	72	fiduciary	fiduciary	ADJ
cblr-1216	31	73	duties	duty	NOUN
cblr-1216	31	74	clash	clash	VERB
cblr-1216	31	75	with	with	ADP
cblr-1216	31	76	the	the	DET
cblr-1216	31	77	realities	reality	NOUN
cblr-1216	31	78	of	of	ADP
cblr-1216	31	79	the	the	DET
cblr-1216	31	80	industry	industry	NOUN
cblr-1216	31	81	.	.	PUNCT
cblr-1216	32	1	using	use	VERB
cblr-1216	32	2	del	del	PROPN
cblr-1216	32	3	1	1	NUM
cblr-1216	32	4	sec	sec	PROPN
cblr-1216	32	5	v.	v.	CCONJ
cblr-1216	32	6	capital	capital	NOUN
cblr-1216	32	7	gains	gain	NOUN
cblr-1216	32	8	research	research	PROPN
cblr-1216	32	9	bureau	bureau	PROPN
cblr-1216	32	10	,	,	PUNCT
cblr-1216	32	11	inc	inc	PROPN
cblr-1216	32	12	.	.	PROPN
cblr-1216	32	13	,	,	PUNCT
cblr-1216	32	14	375	375	NUM
cblr-1216	32	15	u.s	u.s	PROPN
cblr-1216	32	16	.	.	PROPN
cblr-1216	32	17	180	180	NUM
cblr-1216	32	18	(	(	PUNCT
cblr-1216	32	19	1963	1963	NUM
cblr-1216	32	20	)	)	PUNCT
cblr-1216	32	21	.	.	PUNCT
cblr-1216	33	1	2	2	NUM
cblr-1216	33	2	see	see	VERB
cblr-1216	33	3	arthur	arthur	PROPN
cblr-1216	33	4	b.	b.	PROPN
cblr-1216	33	5	laby	laby	PROPN
cblr-1216	33	6	,	,	PUNCT
cblr-1216	33	7	sec	sec	PROPN
cblr-1216	33	8	v.	v.	CCONJ
cblr-1216	33	9	capital	capital	PROPN
cblr-1216	33	10	gains	gain	NOUN
cblr-1216	33	11	research	research	NOUN
cblr-1216	33	12	bureau	bureau	NOUN
cblr-1216	33	13	and	and	CCONJ
cblr-1216	33	14	the	the	DET
cblr-1216	33	15	investment	investment	NOUN
cblr-1216	33	16	advisers	adviser	NOUN
cblr-1216	33	17	act	act	VERB
cblr-1216	33	18	of	of	ADP
cblr-1216	33	19	1940	1940	NUM
cblr-1216	33	20	,	,	PUNCT
cblr-1216	33	21	91	91	NUM
cblr-1216	33	22	b.u	b.u	PROPN
cblr-1216	33	23	.	.	PROPN
cblr-1216	33	24	l.	l.	PROPN
cblr-1216	33	25	rev	rev	PROPN
cblr-1216	33	26	.	.	PROPN
cblr-1216	33	27	1051	1051	NUM
cblr-1216	33	28	(	(	PUNCT
cblr-1216	33	29	2011	2011	NUM
cblr-1216	33	30	)	)	PUNCT
cblr-1216	33	31	.	.	PUNCT
cblr-1216	34	1	3	3	NUM
cblr-1216	34	2	dodd	dodd	PROPN
cblr-1216	34	3	-	-	PUNCT
cblr-1216	34	4	frank	frank	PROPN
cblr-1216	34	5	wall	wall	PROPN
cblr-1216	34	6	street	street	PROPN
cblr-1216	34	7	reform	reform	PROPN
cblr-1216	34	8	and	and	CCONJ
cblr-1216	34	9	consumer	consumer	NOUN
cblr-1216	34	10	protection	protection	NOUN
cblr-1216	34	11	act	act	NOUN
cblr-1216	34	12	(	(	PUNCT
cblr-1216	34	13	doddfrank	doddfrank	PROPN
cblr-1216	34	14	act	act	PROPN
cblr-1216	34	15	)	)	PUNCT
cblr-1216	34	16	,	,	PUNCT
cblr-1216	34	17	pub	pub	NOUN
cblr-1216	34	18	.	.	PUNCT
cblr-1216	35	1	l.	l.	PROPN
cblr-1216	35	2	no	no	INTJ
cblr-1216	35	3	.	.	PROPN
cblr-1216	35	4	111	111	NUM
cblr-1216	35	5	-	-	SYM
cblr-1216	35	6	203	203	NUM
cblr-1216	35	7	,	,	PUNCT
cblr-1216	35	8	124	124	NUM
cblr-1216	35	9	stat	stat	NOUN
cblr-1216	35	10	.	.	PUNCT
cblr-1216	36	1	1376	1376	NUM
cblr-1216	36	2	(	(	PUNCT
cblr-1216	36	3	2010	2010	NUM
cblr-1216	36	4	)	)	PUNCT
cblr-1216	36	5	.	.	PUNCT
cblr-1216	37	1	4	4	NUM
cblr-1216	37	2	see	see	VERB
cblr-1216	37	3	,	,	PUNCT
cblr-1216	37	4	e.g.	e.g.	ADV
cblr-1216	37	5	,	,	PUNCT
cblr-1216	37	6	santa	santa	PROPN
cblr-1216	37	7	fe	fe	PROPN
cblr-1216	37	8	indus	indus	PROPN
cblr-1216	37	9	.	.	PROPN
cblr-1216	37	10	,	,	PUNCT
cblr-1216	37	11	inc	inc	PROPN
cblr-1216	37	12	.	.	PROPN
cblr-1216	38	1	v.	v.	PROPN
cblr-1216	38	2	green	green	PROPN
cblr-1216	38	3	,	,	PUNCT
cblr-1216	39	1	430	430	NUM
cblr-1216	39	2	u.s	u.s	PROPN
cblr-1216	39	3	.	.	PROPN
cblr-1216	39	4	462	462	NUM
cblr-1216	39	5	(	(	PUNCT
cblr-1216	39	6	1977	1977	NUM
cblr-1216	39	7	)	)	PUNCT
cblr-1216	39	8	;	;	PUNCT
cblr-1216	39	9	capital	capital	NOUN
cblr-1216	39	10	gains	gain	NOUN
cblr-1216	39	11	research	research	PROPN
cblr-1216	39	12	bureau	bureau	NOUN
cblr-1216	39	13	,	,	PUNCT
cblr-1216	39	14	375	375	NUM
cblr-1216	39	15	u.s	u.s	PROPN
cblr-1216	39	16	.	.	PROPN
cblr-1216	39	17	at	at	ADP
cblr-1216	39	18	180	180	NUM
cblr-1216	39	19	;	;	PUNCT
cblr-1216	39	20	see	see	VERB
cblr-1216	39	21	also	also	ADV
cblr-1216	39	22	daniel	daniel	PROPN
cblr-1216	39	23	o.	o.	PROPN
cblr-1216	39	24	klier	klier	PROPN
cblr-1216	39	25	et	et	PROPN
cblr-1216	39	26	al	al	PROPN
cblr-1216	39	27	.	.	PROPN
cblr-1216	39	28	,	,	PUNCT
cblr-1216	39	29	the	the	DET
cblr-1216	39	30	changing	change	VERB
cblr-1216	39	31	face	face	NOUN
cblr-1216	39	32	of	of	ADP
cblr-1216	39	33	private	private	ADJ
cblr-1216	39	34	equity	equity	NOUN
cblr-1216	39	35	:	:	PUNCT
cblr-1216	39	36	how	how	SCONJ
cblr-1216	39	37	modern	modern	ADJ
cblr-1216	39	38	private	private	ADJ
cblr-1216	39	39	equity	equity	NOUN
cblr-1216	39	40	firms	firm	NOUN
cblr-1216	39	41	manage	manage	VERB
cblr-1216	39	42	investment	investment	NOUN
cblr-1216	39	43	portfolios	portfolio	NOUN
cblr-1216	39	44	,	,	PUNCT
cblr-1216	39	45	12	12	NUM
cblr-1216	39	46	j.	j.	PROPN
cblr-1216	39	47	priv	priv	PROPN
cblr-1216	39	48	.	.	PUNCT
cblr-1216	40	1	equity	equity	NOUN
cblr-1216	40	2	1	1	NUM
cblr-1216	40	3	,	,	PUNCT
cblr-1216	40	4	7–13	7–13	X
cblr-1216	40	5	(	(	PUNCT
cblr-1216	40	6	2009	2009	NUM
cblr-1216	40	7	)	)	PUNCT
cblr-1216	40	8	(	(	PUNCT
cblr-1216	40	9	commenting	comment	VERB
cblr-1216	40	10	on	on	ADP
cblr-1216	40	11	the	the	DET
cblr-1216	40	12	“	"	PUNCT
cblr-1216	40	13	big	big	ADJ
cblr-1216	40	14	rise	rise	NOUN
cblr-1216	40	15	”	"	PUNCT
cblr-1216	40	16	of	of	ADP
cblr-1216	40	17	the	the	DET
cblr-1216	40	18	private	private	ADJ
cblr-1216	40	19	equity	equity	NOUN
cblr-1216	40	20	industry	industry	NOUN
cblr-1216	40	21	in	in	ADP
cblr-1216	40	22	the	the	DET
cblr-1216	40	23	1980s	1980s	NUM
cblr-1216	40	24	)	)	PUNCT
cblr-1216	40	25	.	.	PUNCT
cblr-1216	41	1	5	5	NUM
cblr-1216	41	2	apollo	apollo	PROPN
cblr-1216	41	3	mgmt	mgmt	PROPN
cblr-1216	41	4	.	.	PUNCT
cblr-1216	42	1	v	v	NOUN
cblr-1216	42	2	,	,	PUNCT
cblr-1216	42	3	investment	investment	NOUN
cblr-1216	42	4	advisers	adviser	NOUN
cblr-1216	42	5	act	act	VERB
cblr-1216	42	6	release	release	VERB
cblr-1216	42	7	no	no	NOUN
cblr-1216	42	8	.	.	NOUN
cblr-1216	42	9	4493	4493	NUM
cblr-1216	42	10	,	,	PUNCT
cblr-1216	42	11	2016	2016	NUM
cblr-1216	42	12	wl	wl	NOUN
cblr-1216	42	13	4497198	4497198	NUM
cblr-1216	42	14	(	(	PUNCT
cblr-1216	42	15	aug	aug	PROPN
cblr-1216	42	16	.	.	PROPN
cblr-1216	42	17	23	23	NUM
cblr-1216	42	18	,	,	PUNCT
cblr-1216	42	19	2016	2016	NUM
cblr-1216	42	20	)	)	PUNCT
cblr-1216	42	21	;	;	PUNCT
cblr-1216	43	1	blackstone	blackstone	NOUN
cblr-1216	43	2	mgmt	mgmt	PROPN
cblr-1216	43	3	.	.	PUNCT
cblr-1216	44	1	partners	partner	NOUN
cblr-1216	44	2	,	,	PUNCT
cblr-1216	44	3	investment	investment	NOUN
cblr-1216	44	4	advisers	adviser	NOUN
cblr-1216	44	5	act	act	VERB
cblr-1216	44	6	release	release	VERB
cblr-1216	44	7	no	no	NOUN
cblr-1216	44	8	.	.	NOUN
cblr-1216	44	9	4219	4219	NUM
cblr-1216	44	10	,	,	PUNCT
cblr-1216	44	11	2015	2015	NUM
cblr-1216	44	12	wl	wl	NOUN
cblr-1216	44	13	5834037	5834037	NUM
cblr-1216	44	14	(	(	PUNCT
cblr-1216	44	15	oct	oct	PROPN
cblr-1216	44	16	.	.	PROPN
cblr-1216	44	17	7	7	NUM
cblr-1216	44	18	,	,	PUNCT
cblr-1216	44	19	2015	2015	NUM
cblr-1216	44	20	)	)	PUNCT
cblr-1216	44	21	.	.	PUNCT
cblr-1216	45	1	nadler_final	nadler_final	ADJ
cblr-1216	45	2	no	no	INTJ
cblr-1216	45	3	.	.	PUNCT
cblr-1216	46	1	1:254	1:254	NUM
cblr-1216	46	2	]	]	X
cblr-1216	46	3	federal	federal	ADJ
cblr-1216	46	4	fiduciary	fiduciary	ADJ
cblr-1216	46	5	duties	duty	NOUN
cblr-1216	46	6	and	and	CCONJ
cblr-1216	46	7	private	private	ADJ
cblr-1216	46	8	equity	equity	NOUN
cblr-1216	46	9	257	257	NUM
cblr-1216	46	10	aware	aware	ADJ
cblr-1216	46	11	alternative	alternative	ADJ
cblr-1216	46	12	entity	entity	NOUN
cblr-1216	46	13	law	law	NOUN
cblr-1216	46	14	as	as	ADP
cblr-1216	46	15	a	a	DET
cblr-1216	46	16	contrast	contrast	NOUN
cblr-1216	46	17	,	,	PUNCT
cblr-1216	46	18	it	it	PRON
cblr-1216	46	19	poses	pose	VERB
cblr-1216	46	20	and	and	CCONJ
cblr-1216	46	21	answers	answer	VERB
cblr-1216	46	22	three	three	NUM
cblr-1216	46	23	questions	question	NOUN
cblr-1216	46	24	.	.	PUNCT
cblr-1216	47	1	first	first	ADV
cblr-1216	47	2	,	,	PUNCT
cblr-1216	47	3	how	how	SCONJ
cblr-1216	47	4	may	may	AUX
cblr-1216	47	5	the	the	DET
cblr-1216	47	6	iaa	iaa	NOUN
cblr-1216	47	7	’s	’s	PART
cblr-1216	47	8	non	non	ADJ
cblr-1216	47	9	-	-	ADJ
cblr-1216	47	10	waivable	waivable	ADJ
cblr-1216	47	11	duties	duty	NOUN
cblr-1216	47	12	inhibit	inhibit	VERB
cblr-1216	47	13	capital	capital	NOUN
cblr-1216	47	14	formation	formation	NOUN
cblr-1216	47	15	?	?	PUNCT
cblr-1216	48	1	second	second	ADV
cblr-1216	48	2	,	,	PUNCT
cblr-1216	48	3	do	do	VERB
cblr-1216	48	4	the	the	DET
cblr-1216	48	5	contours	contours	NOUN
cblr-1216	48	6	of	of	ADP
cblr-1216	48	7	the	the	DET
cblr-1216	48	8	iaa	iaa	NOUN
cblr-1216	48	9	’s	’s	PART
cblr-1216	48	10	fiduciary	fiduciary	ADJ
cblr-1216	48	11	requirements	requirement	NOUN
cblr-1216	48	12	fail	fail	VERB
cblr-1216	48	13	to	to	PART
cblr-1216	48	14	take	take	VERB
cblr-1216	48	15	into	into	ADP
cblr-1216	48	16	account	account	NOUN
cblr-1216	48	17	the	the	DET
cblr-1216	48	18	incentive	incentive	NOUN
cblr-1216	48	19	structures	structure	NOUN
cblr-1216	48	20	that	that	PRON
cblr-1216	48	21	may	may	AUX
cblr-1216	48	22	be	be	AUX
cblr-1216	48	23	built	build	VERB
cblr-1216	48	24	into	into	ADP
cblr-1216	48	25	limited	limited	ADJ
cblr-1216	48	26	partnership	partnership	NOUN
cblr-1216	48	27	agreements	agreement	NOUN
cblr-1216	48	28	?	?	PUNCT
cblr-1216	49	1	third	third	ADJ
cblr-1216	49	2	,	,	PUNCT
cblr-1216	49	3	is	be	AUX
cblr-1216	49	4	the	the	DET
cblr-1216	49	5	federal	federal	ADJ
cblr-1216	49	6	fiduciary	fiduciary	ADJ
cblr-1216	49	7	standard	standard	NOUN
cblr-1216	49	8	too	too	ADV
cblr-1216	49	9	vague	vague	ADJ
cblr-1216	49	10	to	to	PART
cblr-1216	49	11	provide	provide	VERB
cblr-1216	49	12	meaningful	meaningful	ADJ
cblr-1216	49	13	guidance	guidance	NOUN
cblr-1216	49	14	to	to	ADP
cblr-1216	49	15	private	private	ADJ
cblr-1216	49	16	equity	equity	NOUN
cblr-1216	49	17	sponsors	sponsor	NOUN
cblr-1216	49	18	,	,	PUNCT
cblr-1216	49	19	and	and	CCONJ
cblr-1216	49	20	has	have	VERB
cblr-1216	49	21	the	the	DET
cblr-1216	49	22	wave	wave	NOUN
cblr-1216	49	23	of	of	ADP
cblr-1216	49	24	recent	recent	ADJ
cblr-1216	49	25	settlements	settlement	NOUN
cblr-1216	49	26	provided	provide	VERB
cblr-1216	49	27	any	any	DET
cblr-1216	49	28	meaningful	meaningful	ADJ
cblr-1216	49	29	clarity	clarity	NOUN
cblr-1216	49	30	?	?	PUNCT
cblr-1216	50	1	the	the	DET
cblr-1216	50	2	answers	answer	NOUN
cblr-1216	50	3	to	to	ADP
cblr-1216	50	4	these	these	DET
cblr-1216	50	5	questions	question	NOUN
cblr-1216	50	6	reveal	reveal	VERB
cblr-1216	50	7	that	that	SCONJ
cblr-1216	50	8	the	the	DET
cblr-1216	50	9	iaa	iaa	NOUN
cblr-1216	50	10	’s	’s	PART
cblr-1216	50	11	fiduciary	fiduciary	ADJ
cblr-1216	50	12	duties	duty	NOUN
cblr-1216	50	13	,	,	PUNCT
cblr-1216	50	14	crafted	craft	VERB
cblr-1216	50	15	via	via	ADP
cblr-1216	50	16	judicial	judicial	ADJ
cblr-1216	50	17	fiat	fiat	NOUN
cblr-1216	50	18	and	and	CCONJ
cblr-1216	50	19	sec	sec	PROPN
cblr-1216	50	20	rulemaking	rulemaking	NOUN
cblr-1216	50	21	,	,	PUNCT
cblr-1216	50	22	orders	order	NOUN
cblr-1216	50	23	,	,	PUNCT
cblr-1216	50	24	and	and	CCONJ
cblr-1216	50	25	administrative	administrative	ADJ
cblr-1216	50	26	procedures	procedure	NOUN
cblr-1216	50	27	,	,	PUNCT
cblr-1216	50	28	fail	fail	VERB
cblr-1216	50	29	to	to	PART
cblr-1216	50	30	provide	provide	VERB
cblr-1216	50	31	meaningful	meaningful	ADJ
cblr-1216	50	32	guidance	guidance	NOUN
cblr-1216	50	33	and	and	CCONJ
cblr-1216	50	34	limit	limit	VERB
cblr-1216	50	35	the	the	DET
cblr-1216	50	36	economic	economic	ADJ
cblr-1216	50	37	potential	potential	NOUN
cblr-1216	50	38	of	of	ADP
cblr-1216	50	39	private	private	ADJ
cblr-1216	50	40	equity	equity	NOUN
cblr-1216	50	41	sponsors	sponsor	NOUN
cblr-1216	50	42	.	.	PUNCT
cblr-1216	51	1	a	a	DET
cblr-1216	51	2	more	more	ADV
cblr-1216	51	3	precise	precise	ADJ
cblr-1216	51	4	and	and	CCONJ
cblr-1216	51	5	realistic	realistic	ADJ
cblr-1216	51	6	standard	standard	NOUN
cblr-1216	51	7	,	,	PUNCT
cblr-1216	51	8	or	or	CCONJ
cblr-1216	51	9	,	,	PUNCT
cblr-1216	51	10	in	in	ADP
cblr-1216	51	11	the	the	DET
cblr-1216	51	12	alternative	alternative	NOUN
cblr-1216	51	13	,	,	PUNCT
cblr-1216	51	14	duties	duty	NOUN
cblr-1216	51	15	that	that	PRON
cblr-1216	51	16	are	be	AUX
cblr-1216	51	17	modifiable	modifiable	ADJ
cblr-1216	51	18	or	or	CCONJ
cblr-1216	51	19	waivable	waivable	ADJ
cblr-1216	51	20	by	by	ADP
cblr-1216	51	21	the	the	DET
cblr-1216	51	22	contracting	contracting	NOUN
cblr-1216	51	23	parties	party	NOUN
cblr-1216	51	24	,	,	PUNCT
cblr-1216	51	25	will	will	AUX
cblr-1216	51	26	ensure	ensure	VERB
cblr-1216	51	27	that	that	SCONJ
cblr-1216	51	28	limited	limited	ADJ
cblr-1216	51	29	partners	partner	NOUN
cblr-1216	51	30	are	be	AUX
cblr-1216	51	31	adequately	adequately	ADV
cblr-1216	51	32	protected	protect	VERB
cblr-1216	51	33	while	while	SCONJ
cblr-1216	51	34	also	also	ADV
cblr-1216	51	35	accounting	account	VERB
cblr-1216	51	36	for	for	ADP
cblr-1216	51	37	the	the	DET
cblr-1216	51	38	economic	economic	ADJ
cblr-1216	51	39	realities	reality	NOUN
cblr-1216	51	40	of	of	ADP
cblr-1216	51	41	these	these	DET
cblr-1216	51	42	relationships	relationship	NOUN
cblr-1216	51	43	.	.	PUNCT
cblr-1216	52	1	the	the	DET
cblr-1216	52	2	highly	highly	ADV
cblr-1216	52	3	sophisticated	sophisticated	ADJ
cblr-1216	52	4	signatories	signatory	NOUN
cblr-1216	52	5	to	to	ADP
cblr-1216	52	6	limited	limited	ADJ
cblr-1216	52	7	partner	partner	NOUN
cblr-1216	52	8	agreements	agreement	NOUN
cblr-1216	52	9	show	show	VERB
cblr-1216	52	10	little	little	ADJ
cblr-1216	52	11	resemblance	resemblance	NOUN
cblr-1216	52	12	to	to	ADP
cblr-1216	52	13	the	the	DET
cblr-1216	52	14	public	public	ADJ
cblr-1216	52	15	investors	investor	NOUN
cblr-1216	52	16	that	that	SCONJ
cblr-1216	52	17	justice	justice	PROPN
cblr-1216	52	18	arthur	arthur	PROPN
cblr-1216	52	19	goldberg	goldberg	PROPN
cblr-1216	52	20	sought	seek	VERB
cblr-1216	52	21	to	to	PART
cblr-1216	52	22	protect	protect	VERB
cblr-1216	52	23	in	in	ADP
cblr-1216	52	24	capital	capital	NOUN
cblr-1216	52	25	gains	gain	NOUN
cblr-1216	52	26	.	.	PUNCT
cblr-1216	53	1	the	the	DET
cblr-1216	53	2	law	law	NOUN
cblr-1216	53	3	ought	ought	AUX
cblr-1216	53	4	to	to	PART
cblr-1216	53	5	reflect	reflect	VERB
cblr-1216	53	6	that	that	PRON
cblr-1216	53	7	.	.	PUNCT
cblr-1216	54	1	a.	a.	NOUN
cblr-1216	55	1	the	the	DET
cblr-1216	55	2	investment	investment	NOUN
cblr-1216	55	3	advisors	advisor	NOUN
cblr-1216	55	4	act	act	VERB
cblr-1216	55	5	of	of	ADP
cblr-1216	55	6	1940	1940	NUM
cblr-1216	55	7	in	in	ADP
cblr-1216	55	8	the	the	DET
cblr-1216	55	9	wake	wake	NOUN
cblr-1216	55	10	of	of	ADP
cblr-1216	55	11	the	the	DET
cblr-1216	55	12	great	great	ADJ
cblr-1216	55	13	depression	depression	NOUN
cblr-1216	55	14	,	,	PUNCT
cblr-1216	55	15	congress	congress	PROPN
cblr-1216	55	16	passed	pass	VERB
cblr-1216	55	17	the	the	DET
cblr-1216	55	18	investment	investment	NOUN
cblr-1216	55	19	advisers	adviser	NOUN
cblr-1216	55	20	act	act	VERB
cblr-1216	55	21	of	of	ADP
cblr-1216	55	22	1940	1940	NUM
cblr-1216	55	23	,	,	PUNCT
cblr-1216	55	24	the	the	DET
cblr-1216	55	25	last	last	ADJ
cblr-1216	55	26	of	of	ADP
cblr-1216	55	27	the	the	DET
cblr-1216	55	28	new	new	ADJ
cblr-1216	55	29	deal	deal	NOUN
cblr-1216	55	30	securities	security	NOUN
cblr-1216	55	31	laws	law	NOUN
cblr-1216	55	32	passed	pass	VERB
cblr-1216	55	33	between	between	ADP
cblr-1216	55	34	1933	1933	NUM
cblr-1216	55	35	and	and	CCONJ
cblr-1216	55	36	1940.6	1940.6	NUM
cblr-1216	55	37	the	the	DET
cblr-1216	55	38	iaa	iaa	NOUN
cblr-1216	55	39	was	be	AUX
cblr-1216	55	40	a	a	DET
cblr-1216	55	41	response	response	NOUN
cblr-1216	55	42	to	to	ADP
cblr-1216	55	43	the	the	DET
cblr-1216	55	44	sec	sec	PROPN
cblr-1216	55	45	’s	’s	PART
cblr-1216	55	46	concerns	concern	NOUN
cblr-1216	55	47	with	with	ADP
cblr-1216	55	48	the	the	DET
cblr-1216	55	49	investment	investment	NOUN
cblr-1216	55	50	adviser	adviser	NOUN
cblr-1216	55	51	industry	industry	NOUN
cblr-1216	55	52	,	,	PUNCT
cblr-1216	55	53	such	such	ADJ
cblr-1216	55	54	as	as	ADP
cblr-1216	55	55	“	"	PUNCT
cblr-1216	55	56	distinguishing	distinguish	VERB
cblr-1216	55	57	bona	bona	ADJ
cblr-1216	55	58	fide	fide	ADJ
cblr-1216	55	59	investment	investment	NOUN
cblr-1216	55	60	counsel	counsel	NOUN
cblr-1216	55	61	from	from	ADP
cblr-1216	55	62	tipsters	tipster	NOUN
cblr-1216	55	63	;	;	PUNCT
cblr-1216	55	64	conflicts	conflict	NOUN
cblr-1216	55	65	of	of	ADP
cblr-1216	55	66	interest	interest	NOUN
cblr-1216	55	67	;	;	PUNCT
cblr-1216	55	68	contingent	contingent	ADJ
cblr-1216	55	69	compensation	compensation	NOUN
cblr-1216	55	70	tied	tie	VERB
cblr-1216	55	71	to	to	ADP
cblr-1216	55	72	a	a	DET
cblr-1216	55	73	percentage	percentage	NOUN
cblr-1216	55	74	of	of	ADP
cblr-1216	55	75	profits	profit	NOUN
cblr-1216	55	76	;	;	PUNCT
cblr-1216	55	77	adviser	adviser	NOUN
cblr-1216	55	78	custody	custody	NOUN
cblr-1216	55	79	of	of	ADP
cblr-1216	55	80	client	client	NOUN
cblr-1216	55	81	6	6	NUM
cblr-1216	55	82	investment	investment	NOUN
cblr-1216	55	83	advisers	adviser	NOUN
cblr-1216	55	84	act	act	VERB
cblr-1216	55	85	of	of	ADP
cblr-1216	55	86	1940	1940	NUM
cblr-1216	55	87	,	,	PUNCT
cblr-1216	55	88	pub	pub	NOUN
cblr-1216	55	89	.	.	PUNCT
cblr-1216	56	1	l.	l.	PROPN
cblr-1216	56	2	no	no	INTJ
cblr-1216	56	3	.	.	PROPN
cblr-1216	57	1	76	76	NUM
cblr-1216	57	2	-	-	SYM
cblr-1216	57	3	768	768	NUM
cblr-1216	57	4	,	,	PUNCT
cblr-1216	57	5	54	54	NUM
cblr-1216	57	6	stat	stat	NOUN
cblr-1216	57	7	.	.	PUNCT
cblr-1216	58	1	847	847	NUM
cblr-1216	58	2	(	(	PUNCT
cblr-1216	58	3	codified	codify	VERB
cblr-1216	58	4	as	as	SCONJ
cblr-1216	58	5	amended	amend	VERB
cblr-1216	58	6	at	at	ADP
cblr-1216	58	7	15	15	NUM
cblr-1216	58	8	u.s.c	u.s.c	ADJ
cblr-1216	58	9	.	.	PUNCT
cblr-1216	59	1	§	§	PROPN
cblr-1216	59	2	§	§	PROPN
cblr-1216	59	3	80b-1	80b-1	PROPN
cblr-1216	59	4	to	to	ADP
cblr-1216	59	5	88b-21	88b-21	NUM
cblr-1216	59	6	(	(	PUNCT
cblr-1216	59	7	2017	2017	NUM
cblr-1216	59	8	)	)	PUNCT
cblr-1216	59	9	)	)	PUNCT
cblr-1216	59	10	;	;	PUNCT
cblr-1216	59	11	roberta	roberta	PROPN
cblr-1216	59	12	s.	s.	PROPN
cblr-1216	59	13	karmel	karmel	PROPN
cblr-1216	59	14	,	,	PUNCT
cblr-1216	59	15	the	the	DET
cblr-1216	59	16	challenge	challenge	NOUN
cblr-1216	59	17	of	of	ADP
cblr-1216	59	18	fiduciary	fiduciary	ADJ
cblr-1216	59	19	regulation	regulation	NOUN
cblr-1216	59	20	:	:	PUNCT
cblr-1216	59	21	the	the	DET
cblr-1216	59	22	investment	investment	NOUN
cblr-1216	59	23	advisers	adviser	NOUN
cblr-1216	59	24	act	act	VERB
cblr-1216	59	25	after	after	ADP
cblr-1216	59	26	seventy	seventy	NUM
cblr-1216	59	27	-	-	PUNCT
cblr-1216	59	28	five	five	NUM
cblr-1216	59	29	years	year	NOUN
cblr-1216	59	30	,	,	PUNCT
cblr-1216	59	31	10	10	NUM
cblr-1216	59	32	brook	brook	NOUN
cblr-1216	59	33	.	.	PUNCT
cblr-1216	60	1	j.	j.	PROPN
cblr-1216	60	2	corp	corp	PROPN
cblr-1216	60	3	.	.	PROPN
cblr-1216	60	4	fin	fin	PROPN
cblr-1216	60	5	.	.	PUNCT
cblr-1216	60	6	&	&	CCONJ
cblr-1216	60	7	com	com	PROPN
cblr-1216	60	8	.	.	PUNCT
cblr-1216	60	9	l.	l.	PROPN
cblr-1216	60	10	405	405	NUM
cblr-1216	60	11	,	,	PUNCT
cblr-1216	60	12	406	406	NUM
cblr-1216	60	13	(	(	PUNCT
cblr-1216	60	14	2016	2016	NUM
cblr-1216	60	15	)	)	PUNCT
cblr-1216	60	16	.	.	PUNCT
cblr-1216	61	1	nadler_final	nadler_final	PROPN
cblr-1216	61	2	258	258	NUM
cblr-1216	61	3	columbia	columbia	PROPN
cblr-1216	61	4	business	business	NOUN
cblr-1216	61	5	law	law	PROPN
cblr-1216	61	6	review	review	NOUN
cblr-1216	61	7	[	[	X
cblr-1216	61	8	vol	vol	NOUN
cblr-1216	61	9	.	.	NOUN
cblr-1216	61	10	2018	2018	NUM
cblr-1216	61	11	assets	asset	NOUN
cblr-1216	61	12	and	and	CCONJ
cblr-1216	61	13	capitalization	capitalization	NOUN
cblr-1216	61	14	of	of	ADP
cblr-1216	61	15	the	the	DET
cblr-1216	61	16	adviser	adviser	NOUN
cblr-1216	61	17	entity	entity	NOUN
cblr-1216	61	18	;	;	PUNCT
cblr-1216	61	19	and	and	CCONJ
cblr-1216	61	20	assignment	assignment	NOUN
cblr-1216	61	21	of	of	ADP
cblr-1216	61	22	client	client	NOUN
cblr-1216	61	23	relationships	relationship	NOUN
cblr-1216	61	24	.	.	PUNCT
cblr-1216	61	25	”7	”7	X
cblr-1216	62	1	the	the	DET
cblr-1216	62	2	iaa	iaa	NOUN
cblr-1216	62	3	,	,	PUNCT
cblr-1216	62	4	as	as	SCONJ
cblr-1216	62	5	passed	pass	VERB
cblr-1216	62	6	,	,	PUNCT
cblr-1216	62	7	required	require	VERB
cblr-1216	62	8	little	little	ADJ
cblr-1216	62	9	more	more	ADJ
cblr-1216	62	10	than	than	ADP
cblr-1216	62	11	for	for	SCONJ
cblr-1216	62	12	advisers	adviser	NOUN
cblr-1216	62	13	to	to	PART
cblr-1216	62	14	register	register	VERB
cblr-1216	62	15	with	with	ADP
cblr-1216	62	16	the	the	DET
cblr-1216	62	17	sec	sec	PROPN
cblr-1216	62	18	,	,	PUNCT
cblr-1216	62	19	and	and	CCONJ
cblr-1216	62	20	it	it	PRON
cblr-1216	62	21	was	be	AUX
cblr-1216	62	22	not	not	PART
cblr-1216	62	23	until	until	ADP
cblr-1216	62	24	1960	1960	NUM
cblr-1216	62	25	that	that	SCONJ
cblr-1216	62	26	congress	congress	PROPN
cblr-1216	62	27	passed	pass	VERB
cblr-1216	62	28	amendments	amendment	NOUN
cblr-1216	62	29	that	that	PRON
cblr-1216	62	30	gave	give	VERB
cblr-1216	62	31	the	the	DET
cblr-1216	62	32	commission	commission	NOUN
cblr-1216	62	33	the	the	DET
cblr-1216	62	34	authority	authority	NOUN
cblr-1216	62	35	to	to	PART
cblr-1216	62	36	inspect	inspect	VERB
cblr-1216	62	37	the	the	DET
cblr-1216	62	38	books	book	NOUN
cblr-1216	62	39	and	and	CCONJ
cblr-1216	62	40	records	record	NOUN
cblr-1216	62	41	of	of	ADP
cblr-1216	62	42	advisers	adviser	NOUN
cblr-1216	62	43	,	,	PUNCT
cblr-1216	62	44	to	to	PART
cblr-1216	62	45	prescribe	prescribe	VERB
cblr-1216	62	46	book	book	NOUN
cblr-1216	62	47	-	-	PUNCT
cblr-1216	62	48	keeping	keep	VERB
cblr-1216	62	49	practices	practice	NOUN
cblr-1216	62	50	and	and	CCONJ
cblr-1216	62	51	records	record	NOUN
cblr-1216	62	52	to	to	PART
cblr-1216	62	53	keep	keep	VERB
cblr-1216	62	54	,	,	PUNCT
cblr-1216	62	55	and	and	CCONJ
cblr-1216	62	56	to	to	PART
cblr-1216	62	57	impose	impose	VERB
cblr-1216	62	58	reporting	reporting	NOUN
cblr-1216	62	59	requirements.8	requirements.8	NOUN
cblr-1216	62	60	these	these	DET
cblr-1216	62	61	amendments	amendment	NOUN
cblr-1216	62	62	emboldened	embolden	VERB
cblr-1216	62	63	the	the	DET
cblr-1216	62	64	sec	sec	PROPN
cblr-1216	62	65	to	to	PART
cblr-1216	62	66	take	take	VERB
cblr-1216	62	67	action	action	NOUN
cblr-1216	62	68	against	against	ADP
cblr-1216	62	69	those	those	PRON
cblr-1216	62	70	who	who	PRON
cblr-1216	62	71	violated	violate	VERB
cblr-1216	62	72	the	the	DET
cblr-1216	62	73	iaa	iaa	NOUN
cblr-1216	62	74	’s	’s	PART
cblr-1216	62	75	antifraud	antifraud	NOUN
cblr-1216	62	76	provisions.9	provisions.9	PROPN
cblr-1216	62	77	most	most	ADV
cblr-1216	62	78	importantly	importantly	ADV
cblr-1216	62	79	for	for	ADP
cblr-1216	62	80	purposes	purpose	NOUN
cblr-1216	62	81	of	of	ADP
cblr-1216	62	82	this	this	DET
cblr-1216	62	83	note	note	NOUN
cblr-1216	62	84	,	,	PUNCT
cblr-1216	62	85	the	the	DET
cblr-1216	62	86	sec	sec	PROPN
cblr-1216	62	87	began	begin	VERB
cblr-1216	62	88	to	to	PART
cblr-1216	62	89	police	police	NOUN
cblr-1216	62	90	violations	violation	NOUN
cblr-1216	62	91	of	of	ADP
cblr-1216	62	92	section	section	NOUN
cblr-1216	62	93	206.10	206.10	NUM
cblr-1216	62	94	section	section	NOUN
cblr-1216	62	95	206	206	NUM
cblr-1216	62	96	of	of	ADP
cblr-1216	62	97	the	the	DET
cblr-1216	62	98	iaa	iaa	NOUN
cblr-1216	62	99	is	be	AUX
cblr-1216	62	100	a	a	DET
cblr-1216	62	101	broadly	broadly	ADV
cblr-1216	62	102	worded	word	VERB
cblr-1216	62	103	anti	anti	ADJ
cblr-1216	62	104	-	-	ADJ
cblr-1216	62	105	fraud	fraud	ADJ
cblr-1216	62	106	provision.11	provision.11	ADJ
cblr-1216	62	107	section	section	NOUN
cblr-1216	62	108	206(1	206(1	NUM
cblr-1216	62	109	)	)	PUNCT
cblr-1216	62	110	prohibits	prohibit	VERB
cblr-1216	62	111	“	"	PUNCT
cblr-1216	62	112	employ[ing	employ[e	VERB
cblr-1216	62	113	]	]	PUNCT
cblr-1216	62	114	any	any	DET
cblr-1216	62	115	device	device	NOUN
cblr-1216	62	116	,	,	PUNCT
cblr-1216	62	117	scheme	scheme	NOUN
cblr-1216	62	118	,	,	PUNCT
cblr-1216	62	119	or	or	CCONJ
cblr-1216	62	120	artifice	artifice	VERB
cblr-1216	62	121	to	to	PART
cblr-1216	62	122	defraud	defraud	VERB
cblr-1216	62	123	any	any	DET
cblr-1216	62	124	client”12	client”12	PROPN
cblr-1216	62	125	and	and	CCONJ
cblr-1216	62	126	section	section	NOUN
cblr-1216	62	127	206(2	206(2	NUM
cblr-1216	62	128	)	)	PUNCT
cblr-1216	62	129	prohibits	prohibit	VERB
cblr-1216	62	130	an	an	DET
cblr-1216	62	131	adviser	adviser	NOUN
cblr-1216	62	132	from	from	ADP
cblr-1216	62	133	“	"	PUNCT
cblr-1216	62	134	engag[ing	engag[e	VERB
cblr-1216	62	135	]	]	PUNCT
cblr-1216	62	136	in	in	ADP
cblr-1216	62	137	any	any	DET
cblr-1216	62	138	transaction	transaction	NOUN
cblr-1216	62	139	,	,	PUNCT
cblr-1216	62	140	practice	practice	NOUN
cblr-1216	62	141	,	,	PUNCT
cblr-1216	62	142	or	or	CCONJ
cblr-1216	62	143	course	course	NOUN
cblr-1216	62	144	of	of	ADP
cblr-1216	62	145	business	business	NOUN
cblr-1216	62	146	which	which	PRON
cblr-1216	62	147	operates	operate	VERB
cblr-1216	62	148	as	as	ADP
cblr-1216	62	149	a	a	DET
cblr-1216	62	150	fraud	fraud	NOUN
cblr-1216	62	151	upon	upon	SCONJ
cblr-1216	62	152	any	any	DET
cblr-1216	62	153	client	client	NOUN
cblr-1216	62	154	.	.	PUNCT
cblr-1216	63	1	”13	”13	PROPN
cblr-1216	63	2	b.	b.	PROPN
cblr-1216	63	3	development	development	NOUN
cblr-1216	63	4	of	of	ADP
cblr-1216	63	5	a	a	DET
cblr-1216	63	6	federal	federal	ADJ
cblr-1216	63	7	fiduciary	fiduciary	ADJ
cblr-1216	63	8	duty	duty	NOUN
cblr-1216	63	9	three	three	NUM
cblr-1216	63	10	supreme	supreme	ADJ
cblr-1216	63	11	court	court	PROPN
cblr-1216	63	12	cases	case	NOUN
cblr-1216	63	13	between	between	ADP
cblr-1216	63	14	1963	1963	NUM
cblr-1216	63	15	and	and	CCONJ
cblr-1216	63	16	1979	1979	NUM
cblr-1216	63	17	culminated	culminate	VERB
cblr-1216	63	18	in	in	ADP
cblr-1216	63	19	the	the	DET
cblr-1216	63	20	imposition	imposition	NOUN
cblr-1216	63	21	of	of	ADP
cblr-1216	63	22	a	a	DET
cblr-1216	63	23	federal	federal	ADJ
cblr-1216	63	24	fiduciary	fiduciary	ADJ
cblr-1216	63	25	duty	duty	NOUN
cblr-1216	63	26	on	on	ADP
cblr-1216	63	27	investment	investment	NOUN
cblr-1216	63	28	advisers	adviser	NOUN
cblr-1216	63	29	under	under	ADP
cblr-1216	63	30	the	the	DET
cblr-1216	63	31	iaa	iaa	NOUN
cblr-1216	63	32	.	.	PUNCT
cblr-1216	64	1	in	in	ADP
cblr-1216	64	2	the	the	DET
cblr-1216	64	3	first	first	ADJ
cblr-1216	64	4	,	,	PUNCT
cblr-1216	64	5	sec	sec	PROPN
cblr-1216	64	6	v.	v.	CCONJ
cblr-1216	64	7	capital	capital	PROPN
cblr-1216	64	8	gains	gain	NOUN
cblr-1216	64	9	research	research	PROPN
cblr-1216	64	10	bureau	bureau	PROPN
cblr-1216	64	11	,	,	PUNCT
cblr-1216	64	12	justice	justice	PROPN
cblr-1216	64	13	goldberg	goldberg	PROPN
cblr-1216	64	14	,	,	PUNCT
cblr-1216	64	15	writing	write	VERB
cblr-1216	64	16	for	for	ADP
cblr-1216	64	17	the	the	DET
cblr-1216	64	18	court	court	NOUN
cblr-1216	64	19	,	,	PUNCT
cblr-1216	64	20	held	hold	VERB
cblr-1216	64	21	that	that	SCONJ
cblr-1216	64	22	the	the	DET
cblr-1216	64	23	breach	breach	NOUN
cblr-1216	64	24	of	of	ADP
cblr-1216	64	25	an	an	DET
cblr-1216	64	26	investment	investment	NOUN
cblr-1216	64	27	adviser	adviser	NOUN
cblr-1216	64	28	’s	’s	PART
cblr-1216	64	29	fiduciary	fiduciary	ADJ
cblr-1216	64	30	duties	duty	NOUN
cblr-1216	64	31	under	under	ADP
cblr-1216	64	32	common	common	ADJ
cblr-1216	64	33	law	law	NOUN
cblr-1216	64	34	constituted	constitute	VERB
cblr-1216	64	35	fraud	fraud	NOUN
cblr-1216	64	36	under	under	ADP
cblr-1216	64	37	section	section	NOUN
cblr-1216	64	38	206	206	NUM
cblr-1216	64	39	of	of	ADP
cblr-1216	64	40	the	the	DET
cblr-1216	64	41	iaa.14	iaa.14	NOUN
cblr-1216	64	42	while	while	SCONJ
cblr-1216	64	43	some	some	DET
cblr-1216	64	44	point	point	NOUN
cblr-1216	64	45	to	to	ADP
cblr-1216	64	46	capital	capital	NOUN
cblr-1216	64	47	gains	gain	NOUN
cblr-1216	64	48	as	as	ADP
cblr-1216	64	49	the	the	DET
cblr-1216	64	50	7	7	NUM
cblr-1216	64	51	karmel	karmel	NOUN
cblr-1216	64	52	,	,	PUNCT
cblr-1216	64	53	supra	supra	PROPN
cblr-1216	64	54	note	note	PROPN
cblr-1216	64	55	6	6	NUM
cblr-1216	64	56	,	,	PUNCT
cblr-1216	64	57	at	at	ADP
cblr-1216	64	58	407	407	NUM
cblr-1216	64	59	;	;	PUNCT
cblr-1216	64	60	see	see	VERB
cblr-1216	64	61	also	also	ADV
cblr-1216	64	62	investment	investment	NOUN
cblr-1216	64	63	advisory	advisory	ADJ
cblr-1216	64	64	services	service	NOUN
cblr-1216	64	65	,	,	PUNCT
cblr-1216	64	66	h.r	h.r	PROPN
cblr-1216	64	67	.	.	PROPN
cblr-1216	64	68	doc	doc	PROPN
cblr-1216	64	69	.	.	PUNCT
cblr-1216	65	1	no	no	INTJ
cblr-1216	65	2	.	.	NOUN
cblr-1216	66	1	76	76	NUM
cblr-1216	66	2	-	-	SYM
cblr-1216	66	3	477	477	NUM
cblr-1216	66	4	(	(	PUNCT
cblr-1216	66	5	1939	1939	NUM
cblr-1216	66	6	)	)	PUNCT
cblr-1216	66	7	.	.	PUNCT
cblr-1216	67	1	8	8	NUM
cblr-1216	67	2	15	15	NUM
cblr-1216	67	3	u.s.c	u.s.c	NOUN
cblr-1216	67	4	.	.	PUNCT
cblr-1216	68	1	§	§	PROPN
cblr-1216	68	2	80b-4	80b-4	NOUN
cblr-1216	68	3	(	(	PUNCT
cblr-1216	68	4	2017	2017	NUM
cblr-1216	68	5	)	)	PUNCT
cblr-1216	68	6	9	9	NUM
cblr-1216	68	7	karmel	karmel	PROPN
cblr-1216	68	8	,	,	PUNCT
cblr-1216	68	9	supra	supra	PROPN
cblr-1216	68	10	note	note	PROPN
cblr-1216	68	11	6	6	NUM
cblr-1216	68	12	,	,	PUNCT
cblr-1216	68	13	at	at	ADP
cblr-1216	68	14	410	410	NUM
cblr-1216	68	15	.	.	PUNCT
cblr-1216	68	16	10	10	NUM
cblr-1216	68	17	see	see	VERB
cblr-1216	68	18	15	15	NUM
cblr-1216	68	19	u.s.c	u.s.c	ADJ
cblr-1216	68	20	.	.	PUNCT
cblr-1216	69	1	§	§	PROPN
cblr-1216	69	2	80b-6	80b-6	NUM
cblr-1216	69	3	(	(	PUNCT
cblr-1216	69	4	2017	2017	NUM
cblr-1216	69	5	)	)	PUNCT
cblr-1216	69	6	;	;	PUNCT
cblr-1216	69	7	barry	barry	PROPN
cblr-1216	69	8	p.	p.	PROPN
cblr-1216	69	9	barbash	barbash	NOUN
cblr-1216	69	10	&	&	CCONJ
cblr-1216	69	11	jai	jai	PROPN
cblr-1216	69	12	massari	massari	PROPN
cblr-1216	69	13	,	,	PUNCT
cblr-1216	69	14	the	the	DET
cblr-1216	69	15	investment	investment	NOUN
cblr-1216	69	16	advisers	adviser	NOUN
cblr-1216	69	17	act	act	VERB
cblr-1216	69	18	of	of	ADP
cblr-1216	69	19	1940	1940	NUM
cblr-1216	69	20	:	:	PUNCT
cblr-1216	69	21	regulation	regulation	NOUN
cblr-1216	69	22	by	by	ADP
cblr-1216	69	23	accretion	accretion	NOUN
cblr-1216	69	24	,	,	PUNCT
cblr-1216	69	25	39	39	NUM
cblr-1216	69	26	rutgers	rutgers	PROPN
cblr-1216	69	27	l.j	l.j	PROPN
cblr-1216	69	28	.	.	PROPN
cblr-1216	69	29	627	627	NUM
cblr-1216	69	30	,	,	PUNCT
cblr-1216	69	31	630	630	NUM
cblr-1216	69	32	(	(	PUNCT
cblr-1216	69	33	2008	2008	NUM
cblr-1216	69	34	)	)	PUNCT
cblr-1216	69	35	.	.	PUNCT
cblr-1216	70	1	11	11	NUM
cblr-1216	70	2	barbash	barbash	NOUN
cblr-1216	70	3	&	&	CCONJ
cblr-1216	70	4	massari	massari	PROPN
cblr-1216	70	5	,	,	PUNCT
cblr-1216	70	6	supra	supra	PROPN
cblr-1216	70	7	note	note	NOUN
cblr-1216	70	8	10	10	NUM
cblr-1216	70	9	,	,	PUNCT
cblr-1216	70	10	at	at	ADP
cblr-1216	70	11	629–30	629–30	NUM
cblr-1216	70	12	.	.	PUNCT
cblr-1216	71	1	12	12	NUM
cblr-1216	71	2	15	15	NUM
cblr-1216	71	3	u.s.c	u.s.c	NOUN
cblr-1216	71	4	.	.	PUNCT
cblr-1216	72	1	§	§	PROPN
cblr-1216	72	2	80b-6(1	80b-6(1	NUM
cblr-1216	72	3	)	)	PUNCT
cblr-1216	72	4	(	(	PUNCT
cblr-1216	72	5	2017	2017	NUM
cblr-1216	72	6	)	)	PUNCT
cblr-1216	72	7	.	.	PUNCT
cblr-1216	73	1	13	13	NUM
cblr-1216	73	2	15	15	NUM
cblr-1216	73	3	u.s.c	u.s.c	NOUN
cblr-1216	73	4	.	.	PUNCT
cblr-1216	74	1	§	§	PROPN
cblr-1216	74	2	80b-6(2	80b-6(2	NUM
cblr-1216	74	3	)	)	PUNCT
cblr-1216	74	4	(	(	PUNCT
cblr-1216	74	5	2017	2017	NUM
cblr-1216	74	6	)	)	PUNCT
cblr-1216	74	7	.	.	PUNCT
cblr-1216	75	1	14	14	NUM
cblr-1216	75	2	sec	sec	PROPN
cblr-1216	75	3	v.	v.	ADP
cblr-1216	75	4	capital	capital	NOUN
cblr-1216	75	5	gains	gain	NOUN
cblr-1216	75	6	research	research	PROPN
cblr-1216	75	7	bureau	bureau	PROPN
cblr-1216	75	8	,	,	PUNCT
cblr-1216	75	9	inc	inc	PROPN
cblr-1216	75	10	.	.	PROPN
cblr-1216	75	11	,	,	PUNCT
cblr-1216	75	12	375	375	NUM
cblr-1216	75	13	u.s	u.s	PROPN
cblr-1216	75	14	.	.	PROPN
cblr-1216	75	15	180	180	NUM
cblr-1216	75	16	,	,	PUNCT
cblr-1216	75	17	196–197	196–197	NUM
cblr-1216	75	18	(	(	PUNCT
cblr-1216	75	19	1963	1963	NUM
cblr-1216	75	20	)	)	PUNCT
cblr-1216	75	21	.	.	PUNCT
cblr-1216	76	1	nadler_final	nadler_final	ADJ
cblr-1216	76	2	no	no	INTJ
cblr-1216	76	3	.	.	PUNCT
cblr-1216	77	1	1:254	1:254	NUM
cblr-1216	77	2	]	]	X
cblr-1216	77	3	federal	federal	ADJ
cblr-1216	77	4	fiduciary	fiduciary	ADJ
cblr-1216	77	5	duties	duty	NOUN
cblr-1216	77	6	and	and	CCONJ
cblr-1216	77	7	private	private	ADJ
cblr-1216	77	8	equity	equity	NOUN
cblr-1216	77	9	259	259	NUM
cblr-1216	77	10	case	case	NOUN
cblr-1216	77	11	that	that	PRON
cblr-1216	77	12	established	establish	VERB
cblr-1216	77	13	a	a	DET
cblr-1216	77	14	federal	federal	ADJ
cblr-1216	77	15	fiduciary	fiduciary	ADJ
cblr-1216	77	16	duty	duty	NOUN
cblr-1216	78	1	,	,	PUNCT
cblr-1216	78	2	others	other	NOUN
cblr-1216	78	3	argue	argue	VERB
cblr-1216	78	4	that	that	SCONJ
cblr-1216	78	5	the	the	DET
cblr-1216	78	6	court	court	NOUN
cblr-1216	78	7	“	"	PUNCT
cblr-1216	78	8	neither	neither	CCONJ
cblr-1216	78	9	stated	state	VERB
cblr-1216	78	10	nor	nor	CCONJ
cblr-1216	78	11	implied	imply	VERB
cblr-1216	78	12	that	that	SCONJ
cblr-1216	78	13	the	the	DET
cblr-1216	78	14	investment	investment	NOUN
cblr-1216	78	15	advisers	adviser	NOUN
cblr-1216	78	16	act	act	AUX
cblr-1216	78	17	created	create	VERB
cblr-1216	78	18	a	a	DET
cblr-1216	78	19	fiduciary	fiduciary	ADJ
cblr-1216	78	20	duty	duty	NOUN
cblr-1216	78	21	governing	govern	VERB
cblr-1216	78	22	advisers	adviser	NOUN
cblr-1216	78	23	.	.	PUNCT
cblr-1216	78	24	.	.	PUNCT
cblr-1216	78	25	.	.	PUNCT
cblr-1216	79	1	[	[	X
cblr-1216	79	2	it	it	PRON
cblr-1216	79	3	]	]	PUNCT
cblr-1216	79	4	merely	merely	ADV
cblr-1216	79	5	recognized	recognize	VERB
cblr-1216	79	6	that	that	SCONJ
cblr-1216	79	7	a	a	DET
cblr-1216	79	8	fiduciary	fiduciary	ADJ
cblr-1216	79	9	duty	duty	NOUN
cblr-1216	79	10	existed	exist	VERB
cblr-1216	79	11	between	between	ADP
cblr-1216	79	12	advisers	adviser	NOUN
cblr-1216	79	13	and	and	CCONJ
cblr-1216	79	14	their	their	PRON
cblr-1216	79	15	clients	client	NOUN
cblr-1216	79	16	.	.	PUNCT
cblr-1216	80	1	”15	”15	VERB
cblr-1216	80	2	the	the	DET
cblr-1216	80	3	next	next	ADJ
cblr-1216	80	4	significant	significant	ADJ
cblr-1216	80	5	decision	decision	NOUN
cblr-1216	80	6	in	in	ADP
cblr-1216	80	7	the	the	DET
cblr-1216	80	8	development	development	NOUN
cblr-1216	80	9	of	of	ADP
cblr-1216	80	10	a	a	DET
cblr-1216	80	11	federal	federal	ADJ
cblr-1216	80	12	fiduciary	fiduciary	ADJ
cblr-1216	80	13	duty	duty	NOUN
cblr-1216	80	14	under	under	ADP
cblr-1216	80	15	the	the	DET
cblr-1216	80	16	iaa	iaa	NOUN
cblr-1216	80	17	came	come	VERB
cblr-1216	80	18	in	in	ADP
cblr-1216	80	19	a	a	DET
cblr-1216	80	20	case	case	NOUN
cblr-1216	80	21	prosecuted	prosecute	VERB
cblr-1216	80	22	under	under	ADP
cblr-1216	80	23	the	the	DET
cblr-1216	80	24	securities	security	NOUN
cblr-1216	80	25	exchange	exchange	PROPN
cblr-1216	80	26	act	act	NOUN
cblr-1216	80	27	of	of	ADP
cblr-1216	80	28	1934	1934	NUM
cblr-1216	80	29	(	(	PUNCT
cblr-1216	80	30	the	the	DET
cblr-1216	80	31	“	"	PUNCT
cblr-1216	80	32	exchange	exchange	PROPN
cblr-1216	80	33	act	act	NOUN
cblr-1216	80	34	”	"	PUNCT
cblr-1216	80	35	)	)	PUNCT
cblr-1216	80	36	.	.	PUNCT
cblr-1216	81	1	in	in	ADP
cblr-1216	81	2	santa	santa	PROPN
cblr-1216	81	3	fe	fe	PROPN
cblr-1216	81	4	industries	industry	NOUN
cblr-1216	81	5	v.	v.	ADP
cblr-1216	81	6	green	green	PROPN
cblr-1216	81	7	,	,	PUNCT
cblr-1216	81	8	justice	justice	PROPN
cblr-1216	81	9	byron	byron	PROPN
cblr-1216	81	10	white	white	PROPN
cblr-1216	81	11	opined	opine	VERB
cblr-1216	81	12	in	in	ADP
cblr-1216	81	13	a	a	DET
cblr-1216	81	14	footnote	footnote	NOUN
cblr-1216	81	15	that	that	SCONJ
cblr-1216	81	16	“	"	PUNCT
cblr-1216	81	17	[	[	X
cblr-1216	81	18	a]lthough	a]lthough	ADP
cblr-1216	81	19	capital	capital	NOUN
cblr-1216	81	20	gains	gain	NOUN
cblr-1216	81	21	involved	involve	VERB
cblr-1216	81	22	a	a	DET
cblr-1216	81	23	federal	federal	ADJ
cblr-1216	81	24	securities	security	NOUN
cblr-1216	81	25	statute	statute	NOUN
cblr-1216	81	26	,	,	PUNCT
cblr-1216	81	27	the	the	DET
cblr-1216	81	28	court	court	NOUN
cblr-1216	81	29	’s	’s	PART
cblr-1216	81	30	references	reference	NOUN
cblr-1216	81	31	to	to	ADP
cblr-1216	81	32	fraud	fraud	NOUN
cblr-1216	81	33	in	in	ADP
cblr-1216	81	34	the	the	DET
cblr-1216	81	35	‘	'	PUNCT
cblr-1216	81	36	equitable	equitable	ADJ
cblr-1216	81	37	’	'	PUNCT
cblr-1216	81	38	sense	sense	NOUN
cblr-1216	81	39	of	of	ADP
cblr-1216	81	40	the	the	DET
cblr-1216	81	41	term	term	NOUN
cblr-1216	81	42	were	be	AUX
cblr-1216	81	43	premised	premise	VERB
cblr-1216	81	44	on	on	ADP
cblr-1216	81	45	its	its	PRON
cblr-1216	81	46	recognition	recognition	NOUN
cblr-1216	81	47	that	that	SCONJ
cblr-1216	81	48	congress	congress	PROPN
cblr-1216	81	49	intended	intend	VERB
cblr-1216	81	50	the	the	DET
cblr-1216	81	51	investment	investment	NOUN
cblr-1216	81	52	advisers	adviser	NOUN
cblr-1216	81	53	act	act	VERB
cblr-1216	81	54	to	to	PART
cblr-1216	81	55	establish	establish	VERB
cblr-1216	81	56	federal	federal	ADJ
cblr-1216	81	57	fiduciary	fiduciary	ADJ
cblr-1216	81	58	standards	standard	NOUN
cblr-1216	81	59	for	for	ADP
cblr-1216	81	60	investment	investment	NOUN
cblr-1216	81	61	advisers	adviser	NOUN
cblr-1216	81	62	.	.	PUNCT
cblr-1216	82	1	”16	”16	NOUN
cblr-1216	82	2	this	this	PRON
cblr-1216	82	3	served	serve	VERB
cblr-1216	82	4	as	as	ADP
cblr-1216	82	5	part	part	NOUN
cblr-1216	82	6	of	of	ADP
cblr-1216	82	7	his	his	PRON
cblr-1216	82	8	denial	denial	NOUN
cblr-1216	82	9	that	that	DET
cblr-1216	82	10	section	section	NOUN
cblr-1216	82	11	10(b	10(b	NUM
cblr-1216	82	12	)	)	PUNCT
cblr-1216	82	13	of	of	ADP
cblr-1216	82	14	the	the	DET
cblr-1216	82	15	exchange	exchange	NOUN
cblr-1216	82	16	act	act	NOUN
cblr-1216	82	17	contained	contain	VERB
cblr-1216	82	18	a	a	DET
cblr-1216	82	19	fiduciary	fiduciary	ADJ
cblr-1216	82	20	duty	duty	NOUN
cblr-1216	82	21	,	,	PUNCT
cblr-1216	82	22	as	as	SCONJ
cblr-1216	82	23	contrasted	contrast	VERB
cblr-1216	82	24	with	with	ADP
cblr-1216	82	25	,	,	PUNCT
cblr-1216	82	26	in	in	ADP
cblr-1216	82	27	his	his	PRON
cblr-1216	82	28	reasoning	reasoning	NOUN
cblr-1216	82	29	,	,	PUNCT
cblr-1216	82	30	section	section	NOUN
cblr-1216	82	31	206	206	NUM
cblr-1216	82	32	of	of	ADP
cblr-1216	82	33	the	the	DET
cblr-1216	82	34	iaa	iaa	NOUN
cblr-1216	82	35	.	.	PUNCT
cblr-1216	83	1	in	in	ADP
cblr-1216	83	2	the	the	DET
cblr-1216	83	3	1979	1979	NUM
cblr-1216	83	4	transamerica	transamerica	NOUN
cblr-1216	83	5	case	case	NOUN
cblr-1216	83	6	,	,	PUNCT
cblr-1216	83	7	when	when	SCONJ
cblr-1216	83	8	determining	determine	VERB
cblr-1216	83	9	whether	whether	SCONJ
cblr-1216	83	10	the	the	DET
cblr-1216	83	11	iaa	iaa	NOUN
cblr-1216	83	12	contained	contain	VERB
cblr-1216	83	13	a	a	DET
cblr-1216	83	14	private	private	ADJ
cblr-1216	83	15	right	right	NOUN
cblr-1216	83	16	of	of	ADP
cblr-1216	83	17	action	action	NOUN
cblr-1216	83	18	,	,	PUNCT
cblr-1216	83	19	the	the	DET
cblr-1216	83	20	court	court	NOUN
cblr-1216	83	21	cited	cite	VERB
cblr-1216	83	22	to	to	ADP
cblr-1216	83	23	capital	capital	NOUN
cblr-1216	83	24	gains	gain	NOUN
cblr-1216	83	25	and	and	CCONJ
cblr-1216	83	26	santa	santa	PROPN
cblr-1216	83	27	fe	fe	PROPN
cblr-1216	83	28	in	in	ADP
cblr-1216	83	29	declaring	declare	VERB
cblr-1216	83	30	that	that	SCONJ
cblr-1216	83	31	section	section	NOUN
cblr-1216	83	32	206	206	NUM
cblr-1216	83	33	“	"	PUNCT
cblr-1216	83	34	establishes	establish	VERB
cblr-1216	83	35	‘	'	PUNCT
cblr-1216	83	36	federal	federal	ADJ
cblr-1216	83	37	fiduciary	fiduciary	ADJ
cblr-1216	83	38	standards	standard	NOUN
cblr-1216	83	39	’	'	PUNCT
cblr-1216	83	40	to	to	PART
cblr-1216	83	41	govern	govern	VERB
cblr-1216	83	42	the	the	DET
cblr-1216	83	43	conduct	conduct	NOUN
cblr-1216	83	44	of	of	ADP
cblr-1216	83	45	investment	investment	NOUN
cblr-1216	83	46	advisers	adviser	NOUN
cblr-1216	83	47	.	.	PUNCT
cblr-1216	84	1	”17	”17	PROPN
cblr-1216	84	2	from	from	ADP
cblr-1216	84	3	these	these	DET
cblr-1216	84	4	three	three	NUM
cblr-1216	84	5	cases	case	NOUN
cblr-1216	84	6	the	the	DET
cblr-1216	84	7	federal	federal	ADJ
cblr-1216	84	8	fiduciary	fiduciary	ADJ
cblr-1216	84	9	standard	standard	NOUN
cblr-1216	84	10	has	have	AUX
cblr-1216	84	11	been	be	AUX
cblr-1216	84	12	“	"	PUNCT
cblr-1216	84	13	firmly	firmly	ADV
cblr-1216	84	14	entrenched	entrench	VERB
cblr-1216	84	15	in	in	ADP
cblr-1216	84	16	the	the	DET
cblr-1216	84	17	law	law	NOUN
cblr-1216	84	18	,	,	PUNCT
cblr-1216	84	19	”	"	PUNCT
cblr-1216	84	20	appearing	appear	VERB
cblr-1216	84	21	in	in	ADP
cblr-1216	84	22	“	"	PUNCT
cblr-1216	84	23	court	court	NOUN
cblr-1216	84	24	decisions	decision	NOUN
cblr-1216	84	25	,	,	PUNCT
cblr-1216	84	26	sec	sec	PROPN
cblr-1216	84	27	enforcement	enforcement	NOUN
cblr-1216	84	28	actions	action	NOUN
cblr-1216	84	29	,	,	PUNCT
cblr-1216	84	30	and	and	CCONJ
cblr-1216	84	31	sec	sec	PROPN
cblr-1216	84	32	administrative	administrative	ADJ
cblr-1216	84	33	materials	material	NOUN
cblr-1216	84	34	.	.	PUNCT
cblr-1216	85	1	”18	”18	PROPN
cblr-1216	85	2	professor	professor	PROPN
cblr-1216	85	3	arthur	arthur	PROPN
cblr-1216	85	4	laby	laby	PROPN
cblr-1216	85	5	notes	note	VERB
cblr-1216	85	6	,	,	PUNCT
cblr-1216	85	7	“	"	PUNCT
cblr-1216	85	8	the	the	DET
cblr-1216	85	9	principle	principle	NOUN
cblr-1216	85	10	appears	appear	VERB
cblr-1216	85	11	unassailable	unassailable	ADJ
cblr-1216	85	12	.	.	PUNCT
cblr-1216	86	1	”19	”19	VERB
cblr-1216	86	2	15	15	NUM
cblr-1216	86	3	laby	laby	NOUN
cblr-1216	86	4	,	,	PUNCT
cblr-1216	86	5	supra	supra	ADJ
cblr-1216	86	6	note	note	NOUN
cblr-1216	86	7	2	2	NUM
cblr-1216	86	8	,	,	PUNCT
cblr-1216	86	9	at	at	ADP
cblr-1216	86	10	1066	1066	NUM
cblr-1216	86	11	.	.	PUNCT
cblr-1216	87	1	see	see	VERB
cblr-1216	87	2	also	also	ADV
cblr-1216	87	3	david	david	PROPN
cblr-1216	87	4	henry	henry	PROPN
cblr-1216	87	5	disraeli	disraeli	PROPN
cblr-1216	87	6	,	,	PUNCT
cblr-1216	87	7	securities	security	NOUN
cblr-1216	87	8	act	act	PROPN
cblr-1216	87	9	release	release	VERB
cblr-1216	87	10	no	no	PRON
cblr-1216	87	11	.	.	NOUN
cblr-1216	87	12	8880	8880	NUM
cblr-1216	87	13	,	,	PUNCT
cblr-1216	87	14	exchange	exchange	NOUN
cblr-1216	87	15	act	act	NOUN
cblr-1216	87	16	release	release	VERB
cblr-1216	87	17	no	no	NOUN
cblr-1216	87	18	.	.	NOUN
cblr-1216	87	19	57027	57027	NUM
cblr-1216	87	20	,	,	PUNCT
cblr-1216	87	21	2007	2007	NUM
cblr-1216	87	22	wl	wl	NOUN
cblr-1216	87	23	9382543	9382543	NUM
cblr-1216	87	24	(	(	PUNCT
cblr-1216	87	25	dec	dec	PROPN
cblr-1216	87	26	.	.	PROPN
cblr-1216	87	27	21	21	NUM
cblr-1216	87	28	,	,	PUNCT
cblr-1216	87	29	2007	2007	NUM
cblr-1216	87	30	)	)	PUNCT
cblr-1216	87	31	;	;	PUNCT
cblr-1216	87	32	michael	michael	PROPN
cblr-1216	87	33	flanagan	flanagan	PROPN
cblr-1216	87	34	,	,	PUNCT
cblr-1216	87	35	release	release	VERB
cblr-1216	87	36	no	no	NOUN
cblr-1216	87	37	.	.	NOUN
cblr-1216	87	38	160	160	NUM
cblr-1216	87	39	,	,	PUNCT
cblr-1216	87	40	2000	2000	NUM
cblr-1216	87	41	wl	wl	NOUN
cblr-1216	87	42	98210	98210	NUM
cblr-1216	87	43	(	(	PUNCT
cblr-1216	87	44	alj	alj	PROPN
cblr-1216	87	45	jan	jan	PROPN
cblr-1216	87	46	.	.	PROPN
cblr-1216	87	47	31	31	NUM
cblr-1216	87	48	,	,	PUNCT
cblr-1216	87	49	2000	2000	NUM
cblr-1216	87	50	)	)	PUNCT
cblr-1216	87	51	(	(	PUNCT
cblr-1216	87	52	supporting	support	VERB
cblr-1216	87	53	the	the	DET
cblr-1216	87	54	proposition	proposition	NOUN
cblr-1216	87	55	that	that	SCONJ
cblr-1216	87	56	capital	capital	NOUN
cblr-1216	87	57	gains	gain	NOUN
cblr-1216	87	58	recognized	recognize	VERB
cblr-1216	87	59	an	an	DET
cblr-1216	87	60	existence	existence	NOUN
cblr-1216	87	61	of	of	ADP
cblr-1216	87	62	federal	federal	ADJ
cblr-1216	87	63	fiduciary	fiduciary	ADJ
cblr-1216	87	64	duties	duty	NOUN
cblr-1216	87	65	)	)	PUNCT
cblr-1216	87	66	.	.	PUNCT
cblr-1216	88	1	but	but	CCONJ
cblr-1216	88	2	see	see	VERB
cblr-1216	88	3	barbash	barbash	NOUN
cblr-1216	88	4	&	&	CCONJ
cblr-1216	88	5	massari	massari	PROPN
cblr-1216	88	6	,	,	PUNCT
cblr-1216	88	7	supra	supra	PROPN
cblr-1216	88	8	note	note	NOUN
cblr-1216	88	9	10	10	NUM
cblr-1216	88	10	,	,	PUNCT
cblr-1216	88	11	at	at	ADP
cblr-1216	88	12	632	632	NUM
cblr-1216	88	13	n.29	n.29	NOUN
cblr-1216	88	14	(	(	PUNCT
cblr-1216	88	15	noting	note	VERB
cblr-1216	88	16	that	that	SCONJ
cblr-1216	88	17	the	the	DET
cblr-1216	88	18	interpretation	interpretation	NOUN
cblr-1216	88	19	above	above	ADP
cblr-1216	88	20	“	"	PUNCT
cblr-1216	88	21	seems	seem	VERB
cblr-1216	88	22	strained	strained	ADJ
cblr-1216	88	23	at	at	ADP
cblr-1216	88	24	best	good	ADJ
cblr-1216	88	25	”	"	PUNCT
cblr-1216	88	26	)	)	PUNCT
cblr-1216	88	27	.	.	PUNCT
cblr-1216	89	1	16	16	NUM
cblr-1216	89	2	santa	santa	PROPN
cblr-1216	89	3	fe	fe	PROPN
cblr-1216	89	4	indus	indus	PROPN
cblr-1216	89	5	.	.	PROPN
cblr-1216	89	6	,	,	PUNCT
cblr-1216	89	7	inc	inc	PROPN
cblr-1216	89	8	.	.	PROPN
cblr-1216	90	1	v.	v.	PROPN
cblr-1216	90	2	green	green	PROPN
cblr-1216	90	3	,	,	PUNCT
cblr-1216	91	1	430	430	NUM
cblr-1216	91	2	u.s	u.s	PROPN
cblr-1216	91	3	.	.	PROPN
cblr-1216	91	4	462	462	NUM
cblr-1216	91	5	,	,	PUNCT
cblr-1216	91	6	471	471	NUM
cblr-1216	91	7	n.11	n.11	NOUN
cblr-1216	91	8	(	(	PUNCT
cblr-1216	91	9	1977	1977	NUM
cblr-1216	91	10	)	)	PUNCT
cblr-1216	91	11	.	.	PUNCT
cblr-1216	92	1	17	17	NUM
cblr-1216	92	2	transamerica	transamerica	PROPN
cblr-1216	92	3	mortgage	mortgage	NOUN
cblr-1216	92	4	advisors	advisor	NOUN
cblr-1216	92	5	,	,	PUNCT
cblr-1216	92	6	inc	inc	PROPN
cblr-1216	92	7	.	.	PROPN
cblr-1216	93	1	v.	v.	PROPN
cblr-1216	93	2	harry	harry	PROPN
cblr-1216	93	3	lewis	lewis	PROPN
cblr-1216	93	4	,	,	PUNCT
cblr-1216	93	5	444	444	NUM
cblr-1216	93	6	u.s	u.s	PROPN
cblr-1216	93	7	.	.	PROPN
cblr-1216	93	8	11	11	NUM
cblr-1216	93	9	,	,	PUNCT
cblr-1216	93	10	17	17	NUM
cblr-1216	93	11	(	(	PUNCT
cblr-1216	93	12	1979	1979	NUM
cblr-1216	93	13	)	)	PUNCT
cblr-1216	93	14	.	.	PUNCT
cblr-1216	94	1	18	18	NUM
cblr-1216	94	2	laby	laby	NOUN
cblr-1216	94	3	,	,	PUNCT
cblr-1216	94	4	supra	supra	ADJ
cblr-1216	94	5	note	note	NOUN
cblr-1216	94	6	2	2	NUM
cblr-1216	94	7	,	,	PUNCT
cblr-1216	94	8	at	at	ADP
cblr-1216	94	9	1078	1078	NUM
cblr-1216	94	10	.	.	PUNCT
cblr-1216	95	1	19	19	NUM
cblr-1216	96	1	i	i	PRON
cblr-1216	96	2	d.	d.	PROPN
cblr-1216	96	3	nadler_final	nadler_final	PROPN
cblr-1216	96	4	260	260	NUM
cblr-1216	96	5	columbia	columbia	PROPN
cblr-1216	96	6	business	business	NOUN
cblr-1216	96	7	law	law	PROPN
cblr-1216	96	8	review	review	NOUN
cblr-1216	96	9	[	[	X
cblr-1216	96	10	vol	vol	NOUN
cblr-1216	96	11	.	.	NOUN
cblr-1216	96	12	2018	2018	NUM
cblr-1216	97	1	the	the	DET
cblr-1216	97	2	sec	sec	PROPN
cblr-1216	97	3	has	have	AUX
cblr-1216	97	4	vigorously	vigorously	ADV
cblr-1216	97	5	enforced	enforce	VERB
cblr-1216	97	6	section	section	NOUN
cblr-1216	97	7	206	206	NUM
cblr-1216	97	8	in	in	ADP
cblr-1216	97	9	the	the	DET
cblr-1216	97	10	years	year	NOUN
cblr-1216	97	11	since	since	SCONJ
cblr-1216	97	12	transamerica	transamerica	PROPN
cblr-1216	97	13	,	,	PUNCT
cblr-1216	97	14	although	although	SCONJ
cblr-1216	97	15	its	its	PRON
cblr-1216	97	16	formulation	formulation	NOUN
cblr-1216	97	17	of	of	ADP
cblr-1216	97	18	what	what	PRON
cblr-1216	97	19	constitutes	constitute	VERB
cblr-1216	97	20	a	a	DET
cblr-1216	97	21	breach	breach	NOUN
cblr-1216	97	22	of	of	ADP
cblr-1216	97	23	the	the	DET
cblr-1216	97	24	federal	federal	ADJ
cblr-1216	97	25	fiduciary	fiduciary	ADJ
cblr-1216	97	26	duty	duty	NOUN
cblr-1216	97	27	is	be	AUX
cblr-1216	97	28	anything	anything	PRON
cblr-1216	97	29	but	but	CCONJ
cblr-1216	97	30	precise	precise	ADJ
cblr-1216	97	31	.	.	PUNCT
cblr-1216	98	1	for	for	ADP
cblr-1216	98	2	example	example	NOUN
cblr-1216	98	3	,	,	PUNCT
cblr-1216	98	4	the	the	DET
cblr-1216	98	5	federal	federal	ADJ
cblr-1216	98	6	fiduciary	fiduciary	ADJ
cblr-1216	98	7	duty	duty	NOUN
cblr-1216	98	8	has	have	AUX
cblr-1216	98	9	been	be	AUX
cblr-1216	98	10	interpreted	interpret	VERB
cblr-1216	98	11	to	to	PART
cblr-1216	98	12	require	require	VERB
cblr-1216	98	13	“	"	PUNCT
cblr-1216	98	14	making	make	VERB
cblr-1216	98	15	full	full	ADJ
cblr-1216	98	16	and	and	CCONJ
cblr-1216	98	17	adequate	adequate	ADJ
cblr-1216	98	18	disclosure	disclosure	NOUN
cblr-1216	98	19	to	to	ADP
cblr-1216	98	20	clients	client	NOUN
cblr-1216	98	21	regarding	regard	VERB
cblr-1216	98	22	matters	matter	NOUN
cblr-1216	98	23	that	that	PRON
cblr-1216	98	24	may	may	AUX
cblr-1216	98	25	have	have	VERB
cblr-1216	98	26	an	an	DET
cblr-1216	98	27	impact	impact	NOUN
cblr-1216	98	28	on	on	ADP
cblr-1216	98	29	the	the	DET
cblr-1216	98	30	investment	investment	NOUN
cblr-1216	98	31	adviser	adviser	NOUN
cblr-1216	98	32	’s	’s	PART
cblr-1216	98	33	independence	independence	NOUN
cblr-1216	98	34	and	and	CCONJ
cblr-1216	98	35	judgment	judgment	NOUN
cblr-1216	98	36	.	.	PUNCT
cblr-1216	99	1	”20	”20	NOUN
cblr-1216	99	2	this	this	DET
cblr-1216	99	3	language	language	NOUN
cblr-1216	99	4	represents	represent	VERB
cblr-1216	99	5	the	the	DET
cblr-1216	99	6	inexactness	inexactness	NOUN
cblr-1216	99	7	of	of	ADP
cblr-1216	99	8	the	the	DET
cblr-1216	99	9	disclosure	disclosure	NOUN
cblr-1216	99	10	duty	duty	NOUN
cblr-1216	99	11	.	.	PUNCT
cblr-1216	100	1	enforcement	enforcement	NOUN
cblr-1216	100	2	of	of	ADP
cblr-1216	100	3	the	the	DET
cblr-1216	100	4	fiduciary	fiduciary	ADJ
cblr-1216	100	5	duty	duty	NOUN
cblr-1216	100	6	has	have	AUX
cblr-1216	100	7	also	also	ADV
cblr-1216	100	8	focused	focus	VERB
cblr-1216	100	9	on	on	ADP
cblr-1216	100	10	potential	potential	ADJ
cblr-1216	100	11	conflicts	conflict	NOUN
cblr-1216	100	12	of	of	ADP
cblr-1216	100	13	interest.21	interest.21	NOUN
cblr-1216	100	14	however	however	ADV
cblr-1216	100	15	,	,	PUNCT
cblr-1216	100	16	apart	apart	ADV
cblr-1216	100	17	from	from	ADP
cblr-1216	100	18	the	the	DET
cblr-1216	100	19	obligation	obligation	NOUN
cblr-1216	100	20	to	to	PART
cblr-1216	100	21	disclose	disclose	VERB
cblr-1216	100	22	conflicts	conflict	NOUN
cblr-1216	100	23	,	,	PUNCT
cblr-1216	100	24	which	which	PRON
cblr-1216	100	25	is	be	AUX
cblr-1216	100	26	required	require	VERB
cblr-1216	100	27	by	by	ADP
cblr-1216	100	28	sec	sec	PROPN
cblr-1216	100	29	rule	rule	NOUN
cblr-1216	100	30	,	,	PUNCT
cblr-1216	100	31	the	the	DET
cblr-1216	100	32	parameters	parameter	NOUN
cblr-1216	100	33	of	of	ADP
cblr-1216	100	34	advisers	adviser	NOUN
cblr-1216	100	35	’	’	PART
cblr-1216	100	36	federal	federal	ADJ
cblr-1216	100	37	fiduciary	fiduciary	ADJ
cblr-1216	100	38	duties	duty	NOUN
cblr-1216	100	39	are	be	AUX
cblr-1216	100	40	unclear.22	unclear.22	PROPN
cblr-1216	100	41	c.	c.	PROPN
cblr-1216	100	42	private	private	ADJ
cblr-1216	100	43	equity	equity	NOUN
cblr-1216	100	44	and	and	CCONJ
cblr-1216	100	45	the	the	DET
cblr-1216	100	46	investment	investment	NOUN
cblr-1216	100	47	advisers	adviser	NOUN
cblr-1216	100	48	act	act	VERB
cblr-1216	100	49	since	since	SCONJ
cblr-1216	100	50	the	the	DET
cblr-1216	100	51	passage	passage	NOUN
cblr-1216	100	52	of	of	ADP
cblr-1216	100	53	dodd	dodd	PROPN
cblr-1216	100	54	-	-	PUNCT
cblr-1216	100	55	frank	frank	PROPN
cblr-1216	100	56	in	in	ADP
cblr-1216	100	57	2010	2010	NUM
cblr-1216	100	58	,	,	PUNCT
cblr-1216	100	59	these	these	DET
cblr-1216	100	60	federal	federal	ADJ
cblr-1216	100	61	fiduciary	fiduciary	ADJ
cblr-1216	100	62	duties	duty	NOUN
cblr-1216	100	63	,	,	PUNCT
cblr-1216	100	64	however	however	ADV
cblr-1216	100	65	muddled	muddle	VERB
cblr-1216	100	66	,	,	PUNCT
cblr-1216	100	67	now	now	ADV
cblr-1216	100	68	apply	apply	VERB
cblr-1216	100	69	to	to	ADP
cblr-1216	100	70	private	private	ADJ
cblr-1216	100	71	equity	equity	NOUN
cblr-1216	100	72	advisers	adviser	NOUN
cblr-1216	100	73	.	.	PUNCT
cblr-1216	101	1	private	private	ADJ
cblr-1216	101	2	equity	equity	NOUN
cblr-1216	101	3	advisers	adviser	NOUN
cblr-1216	101	4	are	be	AUX
cblr-1216	101	5	usually	usually	ADV
cblr-1216	101	6	legal	legal	ADJ
cblr-1216	101	7	entities	entity	NOUN
cblr-1216	101	8	located	locate	VERB
cblr-1216	101	9	within	within	ADP
cblr-1216	101	10	a	a	DET
cblr-1216	101	11	private	private	ADJ
cblr-1216	101	12	equity	equity	NOUN
cblr-1216	101	13	firm.23	firm.23	PROPN
cblr-1216	101	14	a	a	DET
cblr-1216	101	15	private	private	ADJ
cblr-1216	101	16	equity	equity	NOUN
cblr-1216	101	17	firm	firm	NOUN
cblr-1216	101	18	is	be	AUX
cblr-1216	101	19	a	a	DET
cblr-1216	101	20	group	group	NOUN
cblr-1216	101	21	of	of	ADP
cblr-1216	101	22	investment	investment	NOUN
cblr-1216	101	23	professionals	professional	NOUN
cblr-1216	101	24	who	who	PRON
cblr-1216	101	25	raise	raise	VERB
cblr-1216	101	26	money	money	NOUN
cblr-1216	101	27	from	from	ADP
cblr-1216	101	28	a	a	DET
cblr-1216	101	29	variety	variety	NOUN
cblr-1216	101	30	of	of	ADP
cblr-1216	101	31	sources	source	NOUN
cblr-1216	101	32	,	,	PUNCT
cblr-1216	101	33	including	include	VERB
cblr-1216	101	34	wealthy	wealthy	ADJ
cblr-1216	101	35	individuals	individual	NOUN
cblr-1216	101	36	and	and	CCONJ
cblr-1216	101	37	institutional	institutional	ADJ
cblr-1216	101	38	investors	investor	NOUN
cblr-1216	101	39	,	,	PUNCT
cblr-1216	101	40	and	and	CCONJ
cblr-1216	101	41	pool	pool	VERB
cblr-1216	101	42	it	it	PRON
cblr-1216	101	43	into	into	ADP
cblr-1216	101	44	investment	investment	NOUN
cblr-1216	101	45	vehicles	vehicle	NOUN
cblr-1216	101	46	(	(	PUNCT
cblr-1216	101	47	private	private	ADJ
cblr-1216	101	48	equity	equity	NOUN
cblr-1216	101	49	funds	fund	NOUN
cblr-1216	101	50	)	)	PUNCT
cblr-1216	101	51	,	,	PUNCT
cblr-1216	101	52	primarily	primarily	ADV
cblr-1216	101	53	to	to	PART
cblr-1216	101	54	invest	invest	VERB
cblr-1216	101	55	in	in	ADP
cblr-1216	101	56	businesses.24	businesses.24	NOUN
cblr-1216	101	57	most	most	ADV
cblr-1216	101	58	private	private	ADJ
cblr-1216	101	59	equity	equity	NOUN
cblr-1216	101	60	funds	fund	NOUN
cblr-1216	101	61	are	be	AUX
cblr-1216	101	62	structured	structure	VERB
cblr-1216	101	63	as	as	ADP
cblr-1216	101	64	limited	limit	VERB
cblr-1216	101	65	partnerships	partnership	NOUN
cblr-1216	101	66	because	because	SCONJ
cblr-1216	101	67	this	this	DET
cblr-1216	101	68	structure	structure	NOUN
cblr-1216	101	69	allows	allow	VERB
cblr-1216	101	70	flexibility	flexibility	NOUN
cblr-1216	101	71	to	to	PART
cblr-1216	101	72	“	"	PUNCT
cblr-1216	101	73	employ	employ	VERB
cblr-1216	101	74	complex	complex	ADJ
cblr-1216	101	75	economic	economic	ADJ
cblr-1216	101	76	arrangements	arrangement	NOUN
cblr-1216	101	77	while	while	SCONJ
cblr-1216	101	78	retaining	retain	VERB
cblr-1216	101	79	the	the	DET
cblr-1216	101	80	‘	'	PUNCT
cblr-1216	101	81	pass	pass	VERB
cblr-1216	101	82	-	-	PUNCT
cblr-1216	101	83	through	through	NOUN
cblr-1216	101	84	’	'	PUNCT
cblr-1216	101	85	tax	tax	NOUN
cblr-1216	101	86	20	20	NUM
cblr-1216	101	87	thomas	thomas	PROPN
cblr-1216	101	88	p.	p.	PROPN
cblr-1216	101	89	lemke	lemke	PROPN
cblr-1216	101	90	&	&	CCONJ
cblr-1216	101	91	gerald	gerald	PROPN
cblr-1216	101	92	t.	t.	PROPN
cblr-1216	101	93	lins	lins	PROPN
cblr-1216	101	94	,	,	PUNCT
cblr-1216	101	95	regulation	regulation	NOUN
cblr-1216	101	96	of	of	ADP
cblr-1216	101	97	financial	financial	ADJ
cblr-1216	101	98	planners	planner	NOUN
cblr-1216	101	99	,	,	PUNCT
cblr-1216	101	100	19	19	NUM
cblr-1216	101	101	reg	reg	NOUN
cblr-1216	101	102	.	.	PUNCT
cblr-1216	102	1	fin	fin	NOUN
cblr-1216	102	2	.	.	PUNCT
cblr-1216	103	1	pl	pl	AUX
cblr-1216	103	2	.	.	PUNCT
cblr-1216	103	3	§	§	PROPN
cblr-1216	103	4	3:60	3:60	NUM
cblr-1216	103	5	,	,	PUNCT
cblr-1216	103	6	westlaw	westlaw	NOUN
cblr-1216	103	7	(	(	PUNCT
cblr-1216	103	8	database	database	NOUN
cblr-1216	103	9	updated	update	VERB
cblr-1216	103	10	nov	nov	PROPN
cblr-1216	103	11	.	.	PROPN
cblr-1216	103	12	2017	2017	NUM
cblr-1216	103	13	)	)	PUNCT
cblr-1216	104	1	(	(	PUNCT
cblr-1216	104	2	interpreting	interpret	VERB
cblr-1216	104	3	section	section	NOUN
cblr-1216	104	4	206	206	NUM
cblr-1216	104	5	and	and	CCONJ
cblr-1216	104	6	rule	rule	NOUN
cblr-1216	104	7	206(4)-(8	206(4)-(8	PROPN
cblr-1216	104	8	)	)	PUNCT
cblr-1216	104	9	)	)	PUNCT
cblr-1216	104	10	.	.	PUNCT
cblr-1216	105	1	21	21	NUM
cblr-1216	106	1	i	i	PRON
cblr-1216	106	2	d.	d.	PROPN
cblr-1216	106	3	22	22	NUM
cblr-1216	106	4	pooled	pool	VERB
cblr-1216	106	5	investment	investment	NOUN
cblr-1216	106	6	vehicles	vehicle	NOUN
cblr-1216	106	7	,	,	PUNCT
cblr-1216	106	8	17	17	NUM
cblr-1216	106	9	c.f.r	c.f.r	NOUN
cblr-1216	106	10	.	.	PUNCT
cblr-1216	107	1	§	§	PROPN
cblr-1216	107	2	275.206(4)-8	275.206(4)-8	NUM
cblr-1216	107	3	(	(	PUNCT
cblr-1216	107	4	2017	2017	NUM
cblr-1216	107	5	)	)	PUNCT
cblr-1216	107	6	.	.	PUNCT
cblr-1216	108	1	see	see	VERB
cblr-1216	108	2	also	also	ADV
cblr-1216	108	3	lemke	lemke	PROPN
cblr-1216	108	4	&	&	CCONJ
cblr-1216	108	5	lins	lins	PROPN
cblr-1216	108	6	,	,	PUNCT
cblr-1216	108	7	supra	supra	PROPN
cblr-1216	108	8	note	note	NOUN
cblr-1216	108	9	20	20	NUM
cblr-1216	108	10	,	,	PUNCT
cblr-1216	108	11	at	at	ADP
cblr-1216	108	12	§	§	PROPN
cblr-1216	108	13	2:30	2:30	NUM
cblr-1216	108	14	.	.	PUNCT
cblr-1216	109	1	23	23	NUM
cblr-1216	109	2	scott	scott	PROPN
cblr-1216	109	3	w.	w.	PROPN
cblr-1216	109	4	naidech	naidech	PROPN
cblr-1216	109	5	,	,	PUNCT
cblr-1216	109	6	practical	practical	ADJ
cblr-1216	109	7	law	law	PROPN
cblr-1216	109	8	co.	co.	PROPN
cblr-1216	109	9	,	,	PUNCT
cblr-1216	109	10	private	private	ADJ
cblr-1216	109	11	equity	equity	NOUN
cblr-1216	109	12	fund	fund	NOUN
cblr-1216	109	13	formation	formation	NOUN
cblr-1216	109	14	(	(	PUNCT
cblr-1216	109	15	2017	2017	NUM
cblr-1216	109	16	)	)	PUNCT
cblr-1216	109	17	,	,	PUNCT
cblr-1216	109	18	https://www.msaworldwide.com/naidech_privateequityfundformation_nov11.pdf	https://www.msaworldwide.com/naidech_privateequityfundformation_nov11.pdf	X
cblr-1216	110	1	[	[	X
cblr-1216	110	2	perma.cc/j5sn-7k5w	perma.cc/j5sn-7k5w	X
cblr-1216	110	3	]	]	PUNCT
cblr-1216	110	4	.	.	PUNCT
cblr-1216	110	5	24	24	NUM
cblr-1216	110	6	elisabeth	elisabeth	PROPN
cblr-1216	110	7	de	de	PROPN
cblr-1216	110	8	fontenay	fontenay	PROPN
cblr-1216	110	9	,	,	PUNCT
cblr-1216	110	10	private	private	ADJ
cblr-1216	110	11	equity	equity	NOUN
cblr-1216	110	12	firms	firm	NOUN
cblr-1216	110	13	as	as	ADP
cblr-1216	110	14	gatekeepers	gatekeeper	NOUN
cblr-1216	110	15	,	,	PUNCT
cblr-1216	110	16	33	33	NUM
cblr-1216	110	17	rev	rev	X
cblr-1216	110	18	.	.	PUNCT
cblr-1216	110	19	banking	banking	NOUN
cblr-1216	110	20	&	&	CCONJ
cblr-1216	110	21	fin	fin	PROPN
cblr-1216	110	22	.	.	PUNCT
cblr-1216	111	1	l.	l.	PROPN
cblr-1216	111	2	115	115	NUM
cblr-1216	111	3	,	,	PUNCT
cblr-1216	111	4	122	122	NUM
cblr-1216	111	5	(	(	PUNCT
cblr-1216	111	6	2013	2013	NUM
cblr-1216	111	7	)	)	PUNCT
cblr-1216	111	8	.	.	PUNCT
cblr-1216	112	1	nadler_final	nadler_final	ADJ
cblr-1216	112	2	no	no	INTJ
cblr-1216	112	3	.	.	PUNCT
cblr-1216	113	1	1:254	1:254	NUM
cblr-1216	113	2	]	]	X
cblr-1216	113	3	federal	federal	ADJ
cblr-1216	113	4	fiduciary	fiduciary	ADJ
cblr-1216	113	5	duties	duty	NOUN
cblr-1216	113	6	and	and	CCONJ
cblr-1216	113	7	private	private	ADJ
cblr-1216	113	8	equity	equity	NOUN
cblr-1216	113	9	261	261	NUM
cblr-1216	113	10	benefit	benefit	NOUN
cblr-1216	113	11	.	.	PUNCT
cblr-1216	114	1	”25	”25	ADJ
cblr-1216	114	2	the	the	DET
cblr-1216	114	3	adviser	adviser	NOUN
cblr-1216	114	4	within	within	ADP
cblr-1216	114	5	this	this	DET
cblr-1216	114	6	structure	structure	NOUN
cblr-1216	114	7	is	be	AUX
cblr-1216	114	8	usually	usually	ADV
cblr-1216	114	9	a	a	DET
cblr-1216	114	10	limited	limited	ADJ
cblr-1216	114	11	liability	liability	NOUN
cblr-1216	114	12	company	company	NOUN
cblr-1216	114	13	(	(	PUNCT
cblr-1216	114	14	“	"	PUNCT
cblr-1216	114	15	llc”).26	llc”).26	VERB
cblr-1216	114	16	this	this	DET
cblr-1216	114	17	llc	llc	NOUN
cblr-1216	114	18	is	be	AUX
cblr-1216	114	19	usually	usually	ADV
cblr-1216	114	20	affiliated	affiliate	VERB
cblr-1216	114	21	with	with	ADP
cblr-1216	114	22	another	another	DET
cblr-1216	114	23	entity	entity	NOUN
cblr-1216	114	24	(	(	PUNCT
cblr-1216	114	25	usually	usually	ADV
cblr-1216	114	26	a	a	DET
cblr-1216	114	27	special	special	ADJ
cblr-1216	114	28	purpose	purpose	NOUN
cblr-1216	114	29	vehicle	vehicle	NOUN
cblr-1216	114	30	)	)	PUNCT
cblr-1216	114	31	that	that	PRON
cblr-1216	114	32	serves	serve	VERB
cblr-1216	114	33	as	as	ADP
cblr-1216	114	34	the	the	DET
cblr-1216	114	35	general	general	ADJ
cblr-1216	114	36	partner	partner	NOUN
cblr-1216	114	37	in	in	ADP
cblr-1216	114	38	a	a	DET
cblr-1216	114	39	private	private	ADJ
cblr-1216	114	40	equity	equity	NOUN
cblr-1216	114	41	fund	fund	NOUN
cblr-1216	114	42	whose	whose	DET
cblr-1216	114	43	terms	term	NOUN
cblr-1216	114	44	are	be	AUX
cblr-1216	114	45	governed	govern	VERB
cblr-1216	114	46	by	by	ADP
cblr-1216	114	47	a	a	DET
cblr-1216	114	48	limited	limited	ADJ
cblr-1216	114	49	partnership	partnership	NOUN
cblr-1216	114	50	agreement	agreement	NOUN
cblr-1216	114	51	(	(	PUNCT
cblr-1216	114	52	“	"	PUNCT
cblr-1216	114	53	lpa”).27	lpa”).27	PROPN
cblr-1216	114	54	within	within	ADP
cblr-1216	114	55	its	its	PRON
cblr-1216	114	56	lpas	lpas	NOUN
cblr-1216	114	57	,	,	PUNCT
cblr-1216	114	58	blackstone	blackstone	NOUN
cblr-1216	114	59	,	,	PUNCT
cblr-1216	114	60	for	for	ADP
cblr-1216	114	61	instance	instance	NOUN
cblr-1216	114	62	,	,	PUNCT
cblr-1216	114	63	has	have	AUX
cblr-1216	114	64	established	establish	VERB
cblr-1216	114	65	limited	limited	ADJ
cblr-1216	114	66	partnership	partnership	NOUN
cblr-1216	114	67	advisory	advisory	ADJ
cblr-1216	114	68	committees	committee	NOUN
cblr-1216	114	69	(	(	PUNCT
cblr-1216	114	70	“	"	PUNCT
cblr-1216	114	71	lpacs	lpacs	PROPN
cblr-1216	114	72	”	"	PUNCT
cblr-1216	114	73	)	)	PUNCT
cblr-1216	114	74	consisting	consist	VERB
cblr-1216	114	75	of	of	ADP
cblr-1216	114	76	a	a	DET
cblr-1216	114	77	number	number	NOUN
cblr-1216	114	78	of	of	ADP
cblr-1216	114	79	limited	limited	ADJ
cblr-1216	114	80	partners	partner	NOUN
cblr-1216	114	81	with	with	ADP
cblr-1216	114	82	the	the	DET
cblr-1216	114	83	purpose	purpose	NOUN
cblr-1216	114	84	of	of	ADP
cblr-1216	114	85	“	"	PUNCT
cblr-1216	114	86	review[ing	review[e	VERB
cblr-1216	114	87	]	]	PUNCT
cblr-1216	114	88	and	and	CCONJ
cblr-1216	114	89	approv[ing	approv[e	VERB
cblr-1216	114	90	]	]	PUNCT
cblr-1216	114	91	or	or	CCONJ
cblr-1216	114	92	disapprov[ing	disapprov[ing	NOUN
cblr-1216	114	93	]	]	PUNCT
cblr-1216	114	94	.	.	PUNCT
cblr-1216	114	95	.	.	PUNCT
cblr-1216	114	96	.	.	PUNCT
cblr-1216	115	1	any	any	DET
cblr-1216	115	2	potential	potential	ADJ
cblr-1216	115	3	conflicts	conflict	NOUN
cblr-1216	115	4	of	of	ADP
cblr-1216	115	5	interest	interest	NOUN
cblr-1216	115	6	in	in	ADP
cblr-1216	115	7	any	any	DET
cblr-1216	115	8	transaction	transaction	NOUN
cblr-1216	115	9	or	or	CCONJ
cblr-1216	115	10	relationship	relationship	NOUN
cblr-1216	115	11	(	(	PUNCT
cblr-1216	115	12	including	include	VERB
cblr-1216	115	13	those	those	PRON
cblr-1216	115	14	relating	relate	VERB
cblr-1216	115	15	to	to	ADP
cblr-1216	115	16	the	the	DET
cblr-1216	115	17	receipt	receipt	NOUN
cblr-1216	115	18	of	of	ADP
cblr-1216	115	19	certain	certain	ADJ
cblr-1216	115	20	fees).”28	fees).”28	NOUN
cblr-1216	115	21	this	this	PRON
cblr-1216	115	22	is	be	AUX
cblr-1216	115	23	common	common	ADJ
cblr-1216	115	24	practice	practice	NOUN
cblr-1216	115	25	in	in	ADP
cblr-1216	115	26	the	the	DET
cblr-1216	115	27	private	private	ADJ
cblr-1216	115	28	equity	equity	NOUN
cblr-1216	115	29	industry.29	industry.29	PROPN
cblr-1216	115	30	private	private	ADJ
cblr-1216	115	31	equity	equity	NOUN
cblr-1216	115	32	funds	fund	NOUN
cblr-1216	115	33	previously	previously	ADV
cblr-1216	115	34	escaped	escape	VERB
cblr-1216	115	35	regulation	regulation	NOUN
cblr-1216	115	36	under	under	ADP
cblr-1216	115	37	the	the	DET
cblr-1216	115	38	iaa	iaa	NOUN
cblr-1216	115	39	via	via	ADP
cblr-1216	115	40	the	the	DET
cblr-1216	115	41	private	private	ADJ
cblr-1216	115	42	adviser	adviser	NOUN
cblr-1216	115	43	exemption	exemption	NOUN
cblr-1216	115	44	(	(	PUNCT
cblr-1216	115	45	the	the	DET
cblr-1216	115	46	“	"	PUNCT
cblr-1216	115	47	exemption”).30	exemption”).30	ADP
cblr-1216	115	48	this	this	PRON
cblr-1216	115	49	meant	mean	VERB
cblr-1216	115	50	that	that	SCONJ
cblr-1216	115	51	they	they	PRON
cblr-1216	115	52	were	be	AUX
cblr-1216	115	53	not	not	PART
cblr-1216	115	54	subject	subject	ADJ
cblr-1216	115	55	to	to	ADP
cblr-1216	115	56	the	the	DET
cblr-1216	115	57	myriad	myriad	ADJ
cblr-1216	115	58	25	25	NUM
cblr-1216	115	59	steve	steve	PROPN
cblr-1216	115	60	ferrara	ferrara	NOUN
cblr-1216	115	61	,	,	PUNCT
cblr-1216	115	62	student	student	NOUN
cblr-1216	115	63	comment	comment	NOUN
cblr-1216	115	64	,	,	PUNCT
cblr-1216	115	65	developments	development	NOUN
cblr-1216	115	66	in	in	ADP
cblr-1216	115	67	banking	banking	NOUN
cblr-1216	115	68	and	and	CCONJ
cblr-1216	115	69	financial	financial	ADJ
cblr-1216	115	70	law	law	NOUN
cblr-1216	115	71	:	:	PUNCT
cblr-1216	115	72	viii	viii	VERB
cblr-1216	115	73	.	.	PUNCT
cblr-1216	116	1	initial	initial	ADJ
cblr-1216	116	2	public	public	ADJ
cblr-1216	116	3	offerings	offering	NOUN
cblr-1216	116	4	of	of	ADP
cblr-1216	116	5	private	private	ADJ
cblr-1216	116	6	equity	equity	NOUN
cblr-1216	116	7	and	and	CCONJ
cblr-1216	116	8	hedge	hedge	NOUN
cblr-1216	116	9	funds	fund	NOUN
cblr-1216	116	10	,	,	PUNCT
cblr-1216	116	11	27	27	NUM
cblr-1216	116	12	rev	rev	X
cblr-1216	116	13	.	.	PUNCT
cblr-1216	116	14	banking	banking	NOUN
cblr-1216	116	15	&	&	CCONJ
cblr-1216	116	16	fin	fin	PROPN
cblr-1216	116	17	.	.	PUNCT
cblr-1216	117	1	l.	l.	PROPN
cblr-1216	117	2	334	334	NUM
cblr-1216	117	3	,	,	PUNCT
cblr-1216	117	4	335	335	NUM
cblr-1216	117	5	(	(	PUNCT
cblr-1216	117	6	2008	2008	NUM
cblr-1216	117	7	)	)	PUNCT
cblr-1216	117	8	.	.	PUNCT
cblr-1216	118	1	26	26	NUM
cblr-1216	118	2	see	see	VERB
cblr-1216	118	3	,	,	PUNCT
cblr-1216	118	4	e.g.	e.g.	ADV
cblr-1216	118	5	,	,	PUNCT
cblr-1216	118	6	blackstone	blackstone	NOUN
cblr-1216	118	7	mgmt	mgmt	PROPN
cblr-1216	118	8	.	.	PUNCT
cblr-1216	119	1	partners	partner	NOUN
cblr-1216	119	2	,	,	PUNCT
cblr-1216	119	3	llc	llc	PROPN
cblr-1216	119	4	,	,	PUNCT
cblr-1216	119	5	investment	investment	NOUN
cblr-1216	119	6	advisers	adviser	NOUN
cblr-1216	119	7	act	act	VERB
cblr-1216	119	8	release	release	VERB
cblr-1216	119	9	no	no	NOUN
cblr-1216	119	10	.	.	NOUN
cblr-1216	119	11	4219	4219	NUM
cblr-1216	119	12	,	,	PUNCT
cblr-1216	119	13	2015	2015	NUM
cblr-1216	119	14	wl	wl	NOUN
cblr-1216	119	15	5834037	5834037	NUM
cblr-1216	119	16	(	(	PUNCT
cblr-1216	119	17	oct	oct	PROPN
cblr-1216	119	18	.	.	PROPN
cblr-1216	119	19	7	7	NUM
cblr-1216	119	20	,	,	PUNCT
cblr-1216	119	21	2015	2015	NUM
cblr-1216	119	22	)	)	PUNCT
cblr-1216	119	23	.	.	PUNCT
cblr-1216	120	1	27	27	NUM
cblr-1216	120	2	naidech	naidech	NOUN
cblr-1216	120	3	,	,	PUNCT
cblr-1216	120	4	supra	supra	PROPN
cblr-1216	120	5	note	note	NOUN
cblr-1216	120	6	23	23	NUM
cblr-1216	120	7	,	,	PUNCT
cblr-1216	120	8	at	at	ADP
cblr-1216	120	9	3	3	NUM
cblr-1216	120	10	.	.	SYM
cblr-1216	120	11	28	28	NUM
cblr-1216	120	12	see	see	VERB
cblr-1216	120	13	blackstone	blackstone	NOUN
cblr-1216	120	14	mgmt	mgmt	PROPN
cblr-1216	120	15	.	.	PUNCT
cblr-1216	121	1	partners	partner	NOUN
cblr-1216	121	2	,	,	PUNCT
cblr-1216	121	3	llc	llc	PROPN
cblr-1216	121	4	,	,	PUNCT
cblr-1216	121	5	investment	investment	NOUN
cblr-1216	121	6	advisers	adviser	NOUN
cblr-1216	121	7	act	act	VERB
cblr-1216	121	8	release	release	VERB
cblr-1216	121	9	no	no	NOUN
cblr-1216	121	10	.	.	NOUN
cblr-1216	121	11	4219	4219	NUM
cblr-1216	121	12	,	,	PUNCT
cblr-1216	121	13	2015	2015	NUM
cblr-1216	121	14	wl	wl	NOUN
cblr-1216	121	15	5834037	5834037	NUM
cblr-1216	121	16	,	,	PUNCT
cblr-1216	121	17	at	at	ADP
cblr-1216	121	18	*	*	NUM
cblr-1216	121	19	4	4	NUM
cblr-1216	121	20	(	(	PUNCT
cblr-1216	121	21	oct	oct	PROPN
cblr-1216	121	22	.	.	PROPN
cblr-1216	121	23	7	7	NUM
cblr-1216	121	24	,	,	PUNCT
cblr-1216	121	25	2015	2015	NUM
cblr-1216	121	26	)	)	PUNCT
cblr-1216	121	27	.	.	PUNCT
cblr-1216	122	1	29	29	NUM
cblr-1216	122	2	see	see	VERB
cblr-1216	122	3	generally	generally	ADV
cblr-1216	122	4	naidech	naidech	NOUN
cblr-1216	122	5	,	,	PUNCT
cblr-1216	122	6	supra	supra	PROPN
cblr-1216	122	7	note	note	NOUN
cblr-1216	122	8	23	23	NUM
cblr-1216	122	9	.	.	PUNCT
cblr-1216	123	1	the	the	DET
cblr-1216	123	2	author	author	NOUN
cblr-1216	123	3	of	of	ADP
cblr-1216	123	4	the	the	DET
cblr-1216	123	5	practical	practical	ADJ
cblr-1216	123	6	law	law	NOUN
cblr-1216	123	7	practice	practice	NOUN
cblr-1216	123	8	note	note	NOUN
cblr-1216	123	9	refers	refer	VERB
cblr-1216	123	10	to	to	ADP
cblr-1216	123	11	this	this	PRON
cblr-1216	123	12	as	as	ADP
cblr-1216	123	13	an	an	DET
cblr-1216	123	14	“	"	PUNCT
cblr-1216	123	15	investor	investor	NOUN
cblr-1216	123	16	advisory	advisory	ADJ
cblr-1216	123	17	committee	committee	NOUN
cblr-1216	123	18	,	,	PUNCT
cblr-1216	123	19	”	"	PUNCT
cblr-1216	123	20	which	which	PRON
cblr-1216	123	21	serves	serve	VERB
cblr-1216	123	22	the	the	DET
cblr-1216	123	23	same	same	ADJ
cblr-1216	123	24	function	function	NOUN
cblr-1216	123	25	as	as	ADP
cblr-1216	123	26	an	an	DET
cblr-1216	123	27	lpac	lpac	NOUN
cblr-1216	123	28	.	.	PUNCT
cblr-1216	124	1	30	30	NUM
cblr-1216	125	1	i	i	PRON
cblr-1216	125	2	d.	d.	PROPN
cblr-1216	125	3	the	the	DET
cblr-1216	125	4	author	author	NOUN
cblr-1216	125	5	notes	note	VERB
cblr-1216	125	6	:	:	PUNCT
cblr-1216	125	7	historically	historically	ADV
cblr-1216	125	8	,	,	PUNCT
cblr-1216	125	9	many	many	ADJ
cblr-1216	125	10	sponsors	sponsor	NOUN
cblr-1216	125	11	of	of	ADP
cblr-1216	125	12	private	private	ADJ
cblr-1216	125	13	equity	equity	NOUN
cblr-1216	125	14	funds	fund	NOUN
cblr-1216	125	15	avoided	avoid	VERB
cblr-1216	125	16	registration	registration	NOUN
cblr-1216	125	17	with	with	ADP
cblr-1216	125	18	the	the	DET
cblr-1216	125	19	sec	sec	PROPN
cblr-1216	125	20	under	under	SCONJ
cblr-1216	125	21	the	the	DET
cblr-1216	125	22	advisers	adviser	NOUN
cblr-1216	125	23	act	act	VERB
cblr-1216	125	24	by	by	ADP
cblr-1216	125	25	relying	rely	VERB
cblr-1216	125	26	on	on	ADP
cblr-1216	125	27	an	an	DET
cblr-1216	125	28	exemption	exemption	NOUN
cblr-1216	125	29	for	for	ADP
cblr-1216	125	30	investment	investment	NOUN
cblr-1216	125	31	advisers	adviser	NOUN
cblr-1216	125	32	with	with	ADP
cblr-1216	125	33	fewer	few	ADJ
cblr-1216	125	34	than	than	ADP
cblr-1216	125	35	15	15	NUM
cblr-1216	125	36	clients	client	NOUN
cblr-1216	125	37	(	(	PUNCT
cblr-1216	125	38	with	with	SCONJ
cblr-1216	125	39	each	each	DET
cblr-1216	125	40	fund	fund	NOUN
cblr-1216	125	41	advised	advise	VERB
cblr-1216	125	42	counting	counting	NOUN
cblr-1216	125	43	as	as	ADP
cblr-1216	125	44	only	only	ADV
cblr-1216	125	45	one	one	NUM
cblr-1216	125	46	client	client	NOUN
cblr-1216	125	47	)	)	PUNCT
cblr-1216	125	48	and	and	CCONJ
cblr-1216	125	49	that	that	PRON
cblr-1216	125	50	do	do	AUX
cblr-1216	125	51	not	not	PART
cblr-1216	125	52	hold	hold	VERB
cblr-1216	125	53	themselves	themselves	PRON
cblr-1216	125	54	out	out	ADP
cblr-1216	125	55	to	to	ADP
cblr-1216	125	56	the	the	DET
cblr-1216	125	57	public	public	NOUN
cblr-1216	125	58	as	as	SCONJ
cblr-1216	125	59	investment	investment	NOUN
cblr-1216	125	60	advisers	adviser	NOUN
cblr-1216	125	61	(	(	PUNCT
cblr-1216	125	62	often	often	ADV
cblr-1216	125	63	referred	refer	VERB
cblr-1216	125	64	to	to	ADP
cblr-1216	125	65	as	as	ADP
cblr-1216	125	66	the	the	DET
cblr-1216	125	67	private	private	ADJ
cblr-1216	125	68	investment	investment	NOUN
cblr-1216	125	69	adviser	adviser	NOUN
cblr-1216	125	70	exemption	exemption	NOUN
cblr-1216	125	71	)	)	PUNCT
cblr-1216	125	72	.	.	PUNCT
cblr-1216	126	1	i	i	PRON
cblr-1216	126	2	d.	d.	VERB
cblr-1216	126	3	the	the	DET
cblr-1216	126	4	exemptions	exemption	NOUN
cblr-1216	126	5	for	for	ADP
cblr-1216	126	6	investment	investment	NOUN
cblr-1216	126	7	adviser	adviser	NOUN
cblr-1216	126	8	registration	registration	NOUN
cblr-1216	126	9	were	be	AUX
cblr-1216	126	10	maintained	maintain	VERB
cblr-1216	126	11	but	but	CCONJ
cblr-1216	126	12	substantially	substantially	ADV
cblr-1216	126	13	narrowed	narrow	VERB
cblr-1216	126	14	by	by	ADP
cblr-1216	126	15	dodd	dodd	PROPN
cblr-1216	126	16	-	-	PUNCT
cblr-1216	126	17	frank	frank	PROPN
cblr-1216	126	18	.	.	PUNCT
cblr-1216	127	1	see	see	VERB
cblr-1216	127	2	generally	generally	ADV
cblr-1216	127	3	summary	summary	NOUN
cblr-1216	127	4	of	of	ADP
cblr-1216	127	5	the	the	DET
cblr-1216	127	6	dodd	dodd	PROPN
cblr-1216	127	7	-	-	PUNCT
cblr-1216	127	8	frank	frank	PROPN
cblr-1216	127	9	act	act	PROPN
cblr-1216	127	10	:	:	PUNCT
cblr-1216	127	11	private	private	ADJ
cblr-1216	127	12	equity	equity	NOUN
cblr-1216	127	13	and	and	CCONJ
cblr-1216	127	14	hedge	hedge	NOUN
cblr-1216	127	15	funds	fund	NOUN
cblr-1216	127	16	,	,	PUNCT
cblr-1216	127	17	2013	2013	NUM
cblr-1216	127	18	wl	wl	SYM
cblr-1216	127	19	4864429	4864429	NUM
cblr-1216	127	20	(	(	PUNCT
cblr-1216	127	21	last	last	ADJ
cblr-1216	127	22	updated	update	VERB
cblr-1216	127	23	2018	2018	NUM
cblr-1216	127	24	)	)	PUNCT
cblr-1216	127	25	.	.	PUNCT
cblr-1216	128	1	nadler_final	nadler_final	PROPN
cblr-1216	128	2	262	262	NUM
cblr-1216	128	3	columbia	columbia	PROPN
cblr-1216	128	4	business	business	NOUN
cblr-1216	128	5	law	law	PROPN
cblr-1216	128	6	review	review	NOUN
cblr-1216	128	7	[	[	X
cblr-1216	128	8	vol	vol	NOUN
cblr-1216	128	9	.	.	NOUN
cblr-1216	128	10	2018	2018	NUM
cblr-1216	128	11	of	of	ADP
cblr-1216	128	12	regulations	regulation	NOUN
cblr-1216	128	13	and	and	CCONJ
cblr-1216	128	14	requirements	requirement	NOUN
cblr-1216	128	15	that	that	PRON
cblr-1216	128	16	come	come	VERB
cblr-1216	128	17	with	with	ADP
cblr-1216	128	18	being	be	AUX
cblr-1216	128	19	an	an	DET
cblr-1216	128	20	investment	investment	NOUN
cblr-1216	128	21	adviser	adviser	NOUN
cblr-1216	128	22	.	.	PUNCT
cblr-1216	129	1	however	however	ADV
cblr-1216	129	2	,	,	PUNCT
cblr-1216	129	3	as	as	ADP
cblr-1216	129	4	a	a	DET
cblr-1216	129	5	response	response	NOUN
cblr-1216	129	6	to	to	ADP
cblr-1216	129	7	the	the	DET
cblr-1216	129	8	bernie	bernie	PROPN
cblr-1216	129	9	madoff	madoff	PROPN
cblr-1216	129	10	ponzi	ponzi	PROPN
cblr-1216	129	11	scheme	scheme	NOUN
cblr-1216	129	12	,	,	PUNCT
cblr-1216	129	13	title	title	NOUN
cblr-1216	129	14	iv	iv	NUM
cblr-1216	129	15	of	of	ADP
cblr-1216	129	16	dodd	dodd	PROPN
cblr-1216	129	17	-	-	PUNCT
cblr-1216	129	18	frank	frank	PROPN
cblr-1216	129	19	eliminated	eliminate	VERB
cblr-1216	129	20	the	the	DET
cblr-1216	129	21	exemption,31	exemption,31	NOUN
cblr-1216	129	22	requiring	require	VERB
cblr-1216	129	23	advisers	adviser	NOUN
cblr-1216	129	24	of	of	ADP
cblr-1216	129	25	private	private	ADJ
cblr-1216	129	26	equity	equity	NOUN
cblr-1216	129	27	funds	fund	NOUN
cblr-1216	129	28	(	(	PUNCT
cblr-1216	129	29	and	and	CCONJ
cblr-1216	129	30	hedge	hedge	NOUN
cblr-1216	129	31	funds	fund	NOUN
cblr-1216	129	32	)	)	PUNCT
cblr-1216	129	33	to	to	PART
cblr-1216	129	34	register	register	VERB
cblr-1216	129	35	with	with	ADP
cblr-1216	129	36	the	the	DET
cblr-1216	129	37	sec	sec	PROPN
cblr-1216	129	38	,	,	PUNCT
cblr-1216	129	39	provided	provide	VERB
cblr-1216	129	40	their	their	PRON
cblr-1216	129	41	assets	asset	NOUN
cblr-1216	129	42	under	under	ADP
cblr-1216	129	43	management	management	NOUN
cblr-1216	129	44	are	be	AUX
cblr-1216	129	45	$	$	SYM
cblr-1216	129	46	150	150	NUM
cblr-1216	129	47	million	million	NUM
cblr-1216	129	48	or	or	CCONJ
cblr-1216	129	49	greater.32	greater.32	VERB
cblr-1216	129	50	thus	thus	ADV
cblr-1216	129	51	,	,	PUNCT
cblr-1216	129	52	private	private	ADJ
cblr-1216	129	53	equity	equity	NOUN
cblr-1216	129	54	fund	fund	NOUN
cblr-1216	129	55	advisers	adviser	NOUN
cblr-1216	129	56	registered	register	VERB
cblr-1216	129	57	under	under	ADP
cblr-1216	129	58	the	the	DET
cblr-1216	129	59	iaa	iaa	NOUN
cblr-1216	129	60	are	be	AUX
cblr-1216	129	61	now	now	ADV
cblr-1216	129	62	subject	subject	ADJ
cblr-1216	129	63	to	to	ADP
cblr-1216	129	64	what	what	PRON
cblr-1216	129	65	two	two	NUM
cblr-1216	129	66	scholars	scholar	NOUN
cblr-1216	129	67	have	have	AUX
cblr-1216	129	68	called	call	VERB
cblr-1216	129	69	a	a	DET
cblr-1216	129	70	“	"	PUNCT
cblr-1216	129	71	one	one	NUM
cblr-1216	129	72	-	-	PUNCT
cblr-1216	129	73	size	size	NOUN
cblr-1216	129	74	-	-	PUNCT
cblr-1216	129	75	fits	fit	VERB
cblr-1216	129	76	-	-	PUNCT
cblr-1216	129	77	all	all	DET
cblr-1216	129	78	regulatory	regulatory	ADJ
cblr-1216	129	79	scheme	scheme	NOUN
cblr-1216	129	80	”	"	PUNCT
cblr-1216	129	81	where	where	SCONJ
cblr-1216	129	82	the	the	DET
cblr-1216	129	83	compliance	compliance	NOUN
cblr-1216	129	84	costs	cost	NOUN
cblr-1216	129	85	often	often	ADV
cblr-1216	129	86	exceed	exceed	VERB
cblr-1216	129	87	hundreds	hundred	NOUN
cblr-1216	129	88	of	of	ADP
cblr-1216	129	89	thousands	thousand	NOUN
cblr-1216	129	90	of	of	ADP
cblr-1216	129	91	dollars.33	dollars.33	NOUN
cblr-1216	129	92	in	in	ADP
cblr-1216	129	93	line	line	NOUN
cblr-1216	129	94	with	with	ADP
cblr-1216	129	95	the	the	DET
cblr-1216	129	96	general	general	ADJ
cblr-1216	129	97	obscurity	obscurity	NOUN
cblr-1216	129	98	of	of	ADP
cblr-1216	129	99	the	the	DET
cblr-1216	129	100	iaa	iaa	NOUN
cblr-1216	129	101	’s	’s	PART
cblr-1216	129	102	fiduciary	fiduciary	ADJ
cblr-1216	129	103	duties	duty	NOUN
cblr-1216	129	104	outlined	outline	VERB
cblr-1216	129	105	above	above	ADV
cblr-1216	129	106	,	,	PUNCT
cblr-1216	129	107	one	one	NUM
cblr-1216	129	108	author	author	NOUN
cblr-1216	129	109	notes	note	VERB
cblr-1216	129	110	that	that	SCONJ
cblr-1216	129	111	“	"	PUNCT
cblr-1216	129	112	the	the	DET
cblr-1216	129	113	precise	precise	ADJ
cblr-1216	129	114	contours	contours	NOUN
cblr-1216	129	115	of	of	ADP
cblr-1216	129	116	.	.	PUNCT
cblr-1216	129	117	.	.	PUNCT
cblr-1216	129	118	.	.	PUNCT
cblr-1216	130	1	federal	federal	ADJ
cblr-1216	130	2	fiduciary	fiduciary	ADJ
cblr-1216	130	3	duties	duty	NOUN
cblr-1216	130	4	for	for	ADP
cblr-1216	130	5	.	.	PUNCT
cblr-1216	130	6	.	.	PUNCT
cblr-1216	130	7	.	.	PUNCT
cblr-1216	131	1	private	private	ADJ
cblr-1216	131	2	equity	equity	NOUN
cblr-1216	131	3	advisers	adviser	NOUN
cblr-1216	131	4	have	have	AUX
cblr-1216	131	5	remained	remain	VERB
cblr-1216	131	6	obscure	obscure	ADJ
cblr-1216	131	7	.	.	PUNCT
cblr-1216	132	1	”34	”34	PROPN
cblr-1216	133	1	yet	yet	ADV
cblr-1216	133	2	,	,	PUNCT
cblr-1216	133	3	since	since	SCONJ
cblr-1216	133	4	dodd	dodd	PROPN
cblr-1216	133	5	-	-	PUNCT
cblr-1216	133	6	frank	frank	PROPN
cblr-1216	133	7	,	,	PUNCT
cblr-1216	133	8	the	the	DET
cblr-1216	133	9	sec	sec	PROPN
cblr-1216	133	10	has	have	AUX
cblr-1216	133	11	vigorously	vigorously	ADV
cblr-1216	133	12	sought	seek	VERB
cblr-1216	133	13	to	to	PART
cblr-1216	133	14	hold	hold	VERB
cblr-1216	133	15	private	private	ADJ
cblr-1216	133	16	equity	equity	NOUN
cblr-1216	133	17	funds	fund	NOUN
cblr-1216	133	18	accountable	accountable	ADJ
cblr-1216	133	19	for	for	ADP
cblr-1216	133	20	alleged	alleged	ADJ
cblr-1216	133	21	violations	violation	NOUN
cblr-1216	133	22	of	of	ADP
cblr-1216	133	23	the	the	DET
cblr-1216	133	24	iaa	iaa	NOUN
cblr-1216	133	25	.	.	PUNCT
cblr-1216	134	1	recent	recent	ADJ
cblr-1216	134	2	intense	intense	ADJ
cblr-1216	134	3	sec	sec	PROPN
cblr-1216	134	4	scrutiny	scrutiny	NOUN
cblr-1216	134	5	of	of	ADP
cblr-1216	134	6	private	private	ADJ
cblr-1216	134	7	equity	equity	NOUN
cblr-1216	134	8	is	be	AUX
cblr-1216	134	9	reflected	reflect	VERB
cblr-1216	134	10	in	in	ADP
cblr-1216	134	11	a	a	DET
cblr-1216	134	12	well	well	ADV
cblr-1216	134	13	-	-	PUNCT
cblr-1216	134	14	publicized	publicize	VERB
cblr-1216	134	15	2014	2014	NUM
cblr-1216	134	16	speech	speech	NOUN
cblr-1216	134	17	at	at	ADP
cblr-1216	134	18	an	an	DET
cblr-1216	134	19	industry	industry	NOUN
cblr-1216	134	20	conference	conference	NOUN
cblr-1216	134	21	by	by	ADP
cblr-1216	134	22	then	then	ADV
cblr-1216	134	23	-	-	PUNCT
cblr-1216	134	24	director	director	NOUN
cblr-1216	134	25	of	of	ADP
cblr-1216	134	26	the	the	DET
cblr-1216	134	27	office	office	NOUN
cblr-1216	134	28	of	of	ADP
cblr-1216	134	29	compliance	compliance	NOUN
cblr-1216	134	30	inspections	inspection	NOUN
cblr-1216	134	31	and	and	CCONJ
cblr-1216	134	32	examinations	examination	NOUN
cblr-1216	134	33	,	,	PUNCT
cblr-1216	134	34	andrew	andrew	PROPN
cblr-1216	134	35	j.	j.	PROPN
cblr-1216	134	36	bowden.35	bowden.35	PROPN
cblr-1216	134	37	in	in	ADP
cblr-1216	134	38	his	his	PRON
cblr-1216	134	39	remarks	remark	NOUN
cblr-1216	134	40	,	,	PUNCT
cblr-1216	134	41	bowden	bowden	PROPN
cblr-1216	134	42	noted	note	VERB
cblr-1216	134	43	that	that	SCONJ
cblr-1216	134	44	“	"	PUNCT
cblr-1216	134	45	most	most	ADV
cblr-1216	134	46	limited	limited	ADJ
cblr-1216	134	47	partnership	partnership	NOUN
cblr-1216	134	48	agreements	agreement	NOUN
cblr-1216	134	49	do	do	AUX
cblr-1216	134	50	not	not	PART
cblr-1216	134	51	provide	provide	VERB
cblr-1216	134	52	limited	limited	ADJ
cblr-1216	134	53	partners	partner	NOUN
cblr-1216	134	54	with	with	ADP
cblr-1216	134	55	sufficient	sufficient	ADJ
cblr-1216	134	56	information	information	NOUN
cblr-1216	134	57	rights	right	NOUN
cblr-1216	134	58	to	to	PART
cblr-1216	134	59	be	be	AUX
cblr-1216	134	60	able	able	ADJ
cblr-1216	134	61	to	to	PART
cblr-1216	134	62	adequately	adequately	ADV
cblr-1216	134	63	monitor	monitor	VERB
cblr-1216	134	64	not	not	PART
cblr-1216	134	65	only	only	ADV
cblr-1216	134	66	their	their	PRON
cblr-1216	134	67	investments	investment	NOUN
cblr-1216	134	68	,	,	PUNCT
cblr-1216	134	69	but	but	CCONJ
cblr-1216	134	70	31	31	NUM
cblr-1216	134	71	joshua	joshua	PROPN
cblr-1216	134	72	c.	c.	PROPN
cblr-1216	134	73	dawson	dawson	PROPN
cblr-1216	134	74	&	&	CCONJ
cblr-1216	134	75	paul	paul	PROPN
cblr-1216	134	76	j.	j.	PROPN
cblr-1216	134	77	foley	foley	PROPN
cblr-1216	134	78	,	,	PUNCT
cblr-1216	134	79	square	square	ADJ
cblr-1216	134	80	pegs	peg	NOUN
cblr-1216	134	81	do	do	AUX
cblr-1216	134	82	n’t	not	PART
cblr-1216	134	83	fit	fit	VERB
cblr-1216	134	84	in	in	ADP
cblr-1216	134	85	round	round	ADJ
cblr-1216	134	86	holes	hole	NOUN
cblr-1216	134	87	:	:	PUNCT
cblr-1216	134	88	the	the	DET
cblr-1216	134	89	impact	impact	NOUN
cblr-1216	134	90	of	of	ADP
cblr-1216	134	91	the	the	DET
cblr-1216	134	92	dodd	dodd	PROPN
cblr-1216	134	93	-	-	PUNCT
cblr-1216	134	94	frank	frank	PROPN
cblr-1216	134	95	act	act	PROPN
cblr-1216	134	96	’s	’s	PART
cblr-1216	134	97	elimination	elimination	NOUN
cblr-1216	134	98	of	of	ADP
cblr-1216	134	99	the	the	DET
cblr-1216	134	100	private	private	ADJ
cblr-1216	134	101	fund	fund	NOUN
cblr-1216	134	102	exemption	exemption	NOUN
cblr-1216	134	103	on	on	ADP
cblr-1216	134	104	private	private	ADJ
cblr-1216	134	105	equity	equity	NOUN
cblr-1216	134	106	fund	fund	NOUN
cblr-1216	134	107	advisers	adviser	NOUN
cblr-1216	134	108	,	,	PUNCT
cblr-1216	134	109	9	9	NUM
cblr-1216	134	110	liberty	liberty	NOUN
cblr-1216	134	111	u.	u.	PROPN
cblr-1216	134	112	l.	l.	PROPN
cblr-1216	134	113	rev	rev	PROPN
cblr-1216	134	114	.	.	PROPN
cblr-1216	134	115	445	445	NUM
cblr-1216	134	116	,	,	PUNCT
cblr-1216	134	117	445	445	NUM
cblr-1216	134	118	–	–	PUNCT
cblr-1216	134	119	46	46	NUM
cblr-1216	134	120	(	(	PUNCT
cblr-1216	134	121	2015	2015	NUM
cblr-1216	134	122	)	)	PUNCT
cblr-1216	134	123	.	.	PUNCT
cblr-1216	135	1	32	32	NUM
cblr-1216	135	2	76	76	NUM
cblr-1216	135	3	fed	fed	PROPN
cblr-1216	135	4	.	.	PUNCT
cblr-1216	136	1	reg	reg	PROPN
cblr-1216	136	2	.	.	PUNCT
cblr-1216	137	1	71128	71128	NUM
cblr-1216	137	2	-	-	SYM
cblr-1216	137	3	01	01	NUM
cblr-1216	137	4	(	(	PUNCT
cblr-1216	137	5	nov	nov	PROPN
cblr-1216	137	6	.	.	PROPN
cblr-1216	137	7	16	16	NUM
cblr-1216	137	8	,	,	PUNCT
cblr-1216	137	9	2011	2011	NUM
cblr-1216	137	10	)	)	PUNCT
cblr-1216	137	11	(	(	PUNCT
cblr-1216	137	12	codified	codify	VERB
cblr-1216	137	13	at	at	ADP
cblr-1216	137	14	17	17	NUM
cblr-1216	137	15	c.f.r	c.f.r	NOUN
cblr-1216	137	16	.	.	PUNCT
cblr-1216	138	1	§	§	PROPN
cblr-1216	138	2	275.204(b)–1	275.204(b)–1	NUM
cblr-1216	138	3	(	(	PUNCT
cblr-1216	138	4	2017	2017	NUM
cblr-1216	138	5	)	)	PUNCT
cblr-1216	138	6	)	)	PUNCT
cblr-1216	138	7	.	.	PUNCT
cblr-1216	139	1	33	33	NUM
cblr-1216	139	2	dawson	dawson	PROPN
cblr-1216	139	3	&	&	CCONJ
cblr-1216	139	4	foley	foley	PROPN
cblr-1216	139	5	,	,	PUNCT
cblr-1216	139	6	supra	supra	PROPN
cblr-1216	139	7	note	note	PROPN
cblr-1216	139	8	31	31	NUM
cblr-1216	139	9	,	,	PUNCT
cblr-1216	139	10	at	at	ADP
cblr-1216	139	11	452–53	452–53	NUM
cblr-1216	139	12	.	.	PUNCT
cblr-1216	140	1	34	34	NUM
cblr-1216	140	2	alexander	alexander	PROPN
cblr-1216	140	3	i.	i.	PROPN
cblr-1216	140	4	platt	platt	PROPN
cblr-1216	140	5	,	,	PUNCT
cblr-1216	140	6	sec	sec	PROPN
cblr-1216	140	7	administrative	administrative	ADJ
cblr-1216	140	8	proceedings	proceeding	NOUN
cblr-1216	140	9	:	:	PUNCT
cblr-1216	140	10	backlash	backlash	NOUN
cblr-1216	140	11	and	and	CCONJ
cblr-1216	140	12	reform	reform	NOUN
cblr-1216	140	13	,	,	PUNCT
cblr-1216	140	14	71	71	NUM
cblr-1216	140	15	bus	bus	NOUN
cblr-1216	140	16	.	.	PUNCT
cblr-1216	141	1	law	law	NOUN
cblr-1216	141	2	.	.	PUNCT
cblr-1216	142	1	1	1	NUM
cblr-1216	142	2	,	,	PUNCT
cblr-1216	142	3	26	26	NUM
cblr-1216	142	4	(	(	PUNCT
cblr-1216	142	5	2015	2015	NUM
cblr-1216	142	6	)	)	PUNCT
cblr-1216	142	7	.	.	PUNCT
cblr-1216	143	1	35	35	NUM
cblr-1216	143	2	see	see	VERB
cblr-1216	143	3	generally	generally	ADV
cblr-1216	143	4	andrew	andrew	PROPN
cblr-1216	143	5	j.	j.	PROPN
cblr-1216	143	6	bowden	bowden	PROPN
cblr-1216	143	7	,	,	PUNCT
cblr-1216	143	8	dir	dir	PROPN
cblr-1216	143	9	.	.	PROPN
cblr-1216	143	10	,	,	PUNCT
cblr-1216	143	11	office	office	NOUN
cblr-1216	143	12	of	of	ADP
cblr-1216	143	13	compliance	compliance	NOUN
cblr-1216	143	14	inspections	inspection	NOUN
cblr-1216	143	15	&	&	CCONJ
cblr-1216	143	16	examinations	examination	NOUN
cblr-1216	143	17	,	,	PUNCT
cblr-1216	143	18	spreading	spread	VERB
cblr-1216	143	19	sunshine	sunshine	NOUN
cblr-1216	143	20	in	in	ADP
cblr-1216	143	21	private	private	ADJ
cblr-1216	143	22	equity	equity	NOUN
cblr-1216	143	23	(	(	PUNCT
cblr-1216	143	24	may	may	PROPN
cblr-1216	143	25	6	6	NUM
cblr-1216	143	26	,	,	PUNCT
cblr-1216	143	27	2014	2014	NUM
cblr-1216	143	28	)	)	PUNCT
cblr-1216	143	29	,	,	PUNCT
cblr-1216	143	30	https://www.sec.gov/news/speech/2014—spch05062014ab.html	https://www.sec.gov/news/speech/2014—spch05062014ab.html	PROPN
cblr-1216	144	1	[	[	X
cblr-1216	144	2	perma.cc/j9vf-2566	perma.cc/j9vf-2566	NOUN
cblr-1216	144	3	]	]	X
cblr-1216	144	4	.	.	PUNCT
cblr-1216	145	1	nadler_final	nadler_final	PROPN
cblr-1216	145	2	no	no	INTJ
cblr-1216	145	3	.	.	PUNCT
cblr-1216	146	1	1:254	1:254	NUM
cblr-1216	146	2	]	]	X
cblr-1216	146	3	federal	federal	ADJ
cblr-1216	146	4	fiduciary	fiduciary	ADJ
cblr-1216	146	5	duties	duty	NOUN
cblr-1216	146	6	and	and	CCONJ
cblr-1216	146	7	private	private	ADJ
cblr-1216	146	8	equity	equity	NOUN
cblr-1216	146	9	263	263	NUM
cblr-1216	146	10	also	also	ADV
cblr-1216	146	11	the	the	DET
cblr-1216	146	12	operations	operation	NOUN
cblr-1216	146	13	of	of	ADP
cblr-1216	146	14	their	their	PRON
cblr-1216	146	15	manager	manager	NOUN
cblr-1216	146	16	.	.	PUNCT
cblr-1216	147	1	”36	”36	PROPN
cblr-1216	147	2	he	he	PRON
cblr-1216	147	3	caused	cause	VERB
cblr-1216	147	4	consternation	consternation	NOUN
cblr-1216	147	5	amongst	amongst	ADP
cblr-1216	147	6	practitioners37	practitioners37	NOUN
cblr-1216	147	7	by	by	ADP
cblr-1216	147	8	remarking	remark	VERB
cblr-1216	147	9	that	that	SCONJ
cblr-1216	147	10	in	in	ADP
cblr-1216	147	11	conducting	conduct	VERB
cblr-1216	147	12	examinations	examination	NOUN
cblr-1216	147	13	,	,	PUNCT
cblr-1216	147	14	his	his	PRON
cblr-1216	147	15	office	office	NOUN
cblr-1216	147	16	had	have	AUX
cblr-1216	147	17	“	"	PUNCT
cblr-1216	147	18	identified	identify	VERB
cblr-1216	147	19	what	what	PRON
cblr-1216	147	20	[	[	X
cblr-1216	147	21	they	they	PRON
cblr-1216	147	22	]	]	X
cblr-1216	147	23	believe[d	believe[d	X
cblr-1216	147	24	]	]	X
cblr-1216	148	1	[	[	X
cblr-1216	148	2	were	be	AUX
cblr-1216	148	3	]	]	PUNCT
cblr-1216	148	4	violations	violation	NOUN
cblr-1216	148	5	of	of	ADP
cblr-1216	148	6	law	law	NOUN
cblr-1216	148	7	or	or	CCONJ
cblr-1216	148	8	material	material	NOUN
cblr-1216	148	9	weaknesses	weakness	NOUN
cblr-1216	148	10	in	in	ADP
cblr-1216	148	11	controls	control	NOUN
cblr-1216	148	12	over	over	ADP
cblr-1216	148	13	50	50	NUM
cblr-1216	148	14	%	%	NOUN
cblr-1216	148	15	of	of	ADP
cblr-1216	148	16	the	the	DET
cblr-1216	148	17	time	time	NOUN
cblr-1216	148	18	.	.	PUNCT
cblr-1216	149	1	”38	”38	PROPN
cblr-1216	149	2	private	private	ADJ
cblr-1216	149	3	equity	equity	NOUN
cblr-1216	149	4	advisers	adviser	NOUN
cblr-1216	149	5	’	’	PART
cblr-1216	149	6	federal	federal	ADJ
cblr-1216	149	7	fiduciary	fiduciary	ADJ
cblr-1216	149	8	duties	duty	NOUN
cblr-1216	149	9	should	should	AUX
cblr-1216	149	10	not	not	PART
cblr-1216	149	11	be	be	AUX
cblr-1216	149	12	viewed	view	VERB
cblr-1216	149	13	in	in	ADP
cblr-1216	149	14	isolation	isolation	NOUN
cblr-1216	149	15	.	.	PUNCT
cblr-1216	150	1	in	in	ADP
cblr-1216	150	2	practice	practice	NOUN
cblr-1216	150	3	,	,	PUNCT
cblr-1216	150	4	they	they	PRON
cblr-1216	150	5	are	be	AUX
cblr-1216	150	6	layered	layer	VERB
cblr-1216	150	7	upon	upon	SCONJ
cblr-1216	150	8	fiduciary	fiduciary	ADJ
cblr-1216	150	9	duties	duty	NOUN
cblr-1216	150	10	owed	owe	VERB
cblr-1216	150	11	under	under	ADP
cblr-1216	150	12	state	state	NOUN
cblr-1216	150	13	law.39	law.39	NOUN
cblr-1216	150	14	in	in	ADP
cblr-1216	150	15	limited	limited	ADJ
cblr-1216	150	16	partnerships	partnership	NOUN
cblr-1216	150	17	,	,	PUNCT
cblr-1216	150	18	the	the	DET
cblr-1216	150	19	dominant	dominant	ADJ
cblr-1216	150	20	form	form	NOUN
cblr-1216	150	21	of	of	ADP
cblr-1216	150	22	most	most	ADJ
cblr-1216	150	23	private	private	ADJ
cblr-1216	150	24	equity	equity	NOUN
cblr-1216	150	25	funds,40	funds,40	VERB
cblr-1216	150	26	the	the	DET
cblr-1216	150	27	general	general	ADJ
cblr-1216	150	28	partner	partner	NOUN
cblr-1216	150	29	—	—	PUNCT
cblr-1216	150	30	the	the	DET
cblr-1216	150	31	fund	fund	NOUN
cblr-1216	150	32	sponsor	sponsor	NOUN
cblr-1216	150	33	—	—	PUNCT
cblr-1216	150	34	owes	owe	VERB
cblr-1216	150	35	fiduciary	fiduciary	ADJ
cblr-1216	150	36	duties	duty	NOUN
cblr-1216	150	37	to	to	ADP
cblr-1216	150	38	limited	limited	ADJ
cblr-1216	150	39	partners.41	partners.41	NOUN
cblr-1216	150	40	the	the	DET
cblr-1216	150	41	substantive	substantive	ADJ
cblr-1216	150	42	requirements	requirement	NOUN
cblr-1216	150	43	of	of	ADP
cblr-1216	150	44	the	the	DET
cblr-1216	150	45	fiduciary	fiduciary	ADJ
cblr-1216	150	46	duties	duty	NOUN
cblr-1216	150	47	owed	owe	VERB
cblr-1216	150	48	under	under	ADP
cblr-1216	150	49	delaware	delaware	PROPN
cblr-1216	150	50	law	law	PROPN
cblr-1216	150	51	and	and	CCONJ
cblr-1216	150	52	under	under	ADP
cblr-1216	150	53	the	the	DET
cblr-1216	150	54	federal	federal	ADJ
cblr-1216	150	55	standard	standard	PROPN
cblr-1216	150	56	trace	trace	VERB
cblr-1216	150	57	their	their	PRON
cblr-1216	150	58	origin	origin	NOUN
cblr-1216	150	59	to	to	ADP
cblr-1216	150	60	justice	justice	PROPN
cblr-1216	150	61	benjamin	benjamin	PROPN
cblr-1216	150	62	cardozo	cardozo	PROPN
cblr-1216	150	63	.	.	PUNCT
cblr-1216	151	1	in	in	ADP
cblr-1216	151	2	meinhard	meinhard	NOUN
cblr-1216	151	3	v.	v.	ADP
cblr-1216	151	4	salmon	salmon	NOUN
cblr-1216	151	5	,	,	PUNCT
cblr-1216	151	6	cardozo	cardozo	PROPN
cblr-1216	151	7	articulated	articulate	VERB
cblr-1216	151	8	that	that	SCONJ
cblr-1216	151	9	business	business	NOUN
cblr-1216	151	10	partners	partner	NOUN
cblr-1216	151	11	are	be	AUX
cblr-1216	151	12	“	"	PUNCT
cblr-1216	151	13	held	hold	VERB
cblr-1216	151	14	to	to	ADP
cblr-1216	151	15	something	something	PRON
cblr-1216	151	16	stricter	strict	ADJ
cblr-1216	151	17	than	than	ADP
cblr-1216	151	18	the	the	DET
cblr-1216	151	19	morals	moral	NOUN
cblr-1216	151	20	of	of	ADP
cblr-1216	151	21	the	the	DET
cblr-1216	151	22	market	market	NOUN
cblr-1216	151	23	place	place	NOUN
cblr-1216	151	24	.	.	PUNCT
cblr-1216	152	1	not	not	PART
cblr-1216	152	2	honesty	honesty	NOUN
cblr-1216	152	3	alone	alone	ADV
cblr-1216	152	4	,	,	PUNCT
cblr-1216	152	5	but	but	CCONJ
cblr-1216	152	6	the	the	DET
cblr-1216	152	7	punctilio	punctilio	NOUN
cblr-1216	152	8	of	of	ADP
cblr-1216	152	9	an	an	DET
cblr-1216	152	10	honor	honor	NOUN
cblr-1216	152	11	the	the	DET
cblr-1216	152	12	36	36	NUM
cblr-1216	152	13	i	i	PROPN
cblr-1216	152	14	d.	d.	PROPN
cblr-1216	152	15	37	37	NUM
cblr-1216	152	16	see	see	VERB
cblr-1216	152	17	latham	latham	PROPN
cblr-1216	152	18	&	&	CCONJ
cblr-1216	152	19	watkins	watkins	PROPN
cblr-1216	152	20	,	,	PUNCT
cblr-1216	152	21	private	private	ADJ
cblr-1216	152	22	equity	equity	NOUN
cblr-1216	152	23	fund	fund	NOUN
cblr-1216	152	24	managers	manager	NOUN
cblr-1216	152	25	:	:	PUNCT
cblr-1216	152	26	takeaways	takeaway	NOUN
cblr-1216	152	27	from	from	ADP
cblr-1216	152	28	the	the	DET
cblr-1216	152	29	sec	sec	PROPN
cblr-1216	152	30	’s	’s	PART
cblr-1216	152	31	past	past	ADJ
cblr-1216	152	32	year	year	NOUN
cblr-1216	152	33	in	in	ADP
cblr-1216	152	34	enforcement	enforcement	NOUN
cblr-1216	152	35	(	(	PUNCT
cblr-1216	152	36	2014	2014	NUM
cblr-1216	152	37	)	)	PUNCT
cblr-1216	152	38	,	,	PUNCT
cblr-1216	152	39	https://www.lw.com/thoughtleadership/lw-sec-enforcement-focus-private-equity	https://www.lw.com/thoughtleadership/lw-sec-enforcement-focus-private-equity	NOUN
cblr-1216	152	40	[	[	X
cblr-1216	152	41	perma.cc/3kzy-pa9v	perma.cc/3kzy-pa9v	X
cblr-1216	152	42	]	]	X
cblr-1216	152	43	(	(	PUNCT
cblr-1216	152	44	“	"	PUNCT
cblr-1216	152	45	the	the	DET
cblr-1216	152	46	‘	'	PUNCT
cblr-1216	152	47	spreading	spread	VERB
cblr-1216	152	48	sunshine	sunshine	NOUN
cblr-1216	152	49	’	'	PUNCT
cblr-1216	152	50	speech	speech	NOUN
cblr-1216	152	51	provided	provide	VERB
cblr-1216	152	52	an	an	DET
cblr-1216	152	53	indicator	indicator	NOUN
cblr-1216	152	54	—	—	PUNCT
cblr-1216	152	55	stating	state	VERB
cblr-1216	152	56	that	that	SCONJ
cblr-1216	152	57	the	the	DET
cblr-1216	152	58	exam	exam	NOUN
cblr-1216	152	59	staff	staff	NOUN
cblr-1216	152	60	views	view	VERB
cblr-1216	152	61	marketing	marketing	NOUN
cblr-1216	152	62	and	and	CCONJ
cblr-1216	152	63	valuation	valuation	NOUN
cblr-1216	152	64	as	as	ADP
cblr-1216	152	65	a	a	DET
cblr-1216	152	66	key	key	ADJ
cblr-1216	152	67	risk	risk	NOUN
cblr-1216	152	68	area	area	NOUN
cblr-1216	152	69	.	.	PUNCT
cblr-1216	152	70	.	.	PUNCT
cblr-1216	152	71	.	.	PUNCT
cblr-1216	153	1	.	.	PUNCT
cblr-1216	154	1	given	give	VERB
cblr-1216	154	2	the	the	DET
cblr-1216	154	3	sec	sec	PROPN
cblr-1216	154	4	’s	’s	PART
cblr-1216	154	5	aggressive	aggressive	ADJ
cblr-1216	154	6	posture	posture	NOUN
cblr-1216	154	7	and	and	CCONJ
cblr-1216	154	8	willingness	willingness	NOUN
cblr-1216	154	9	to	to	PART
cblr-1216	154	10	pursue	pursue	VERB
cblr-1216	154	11	enforcement	enforcement	NOUN
cblr-1216	154	12	investigations	investigation	NOUN
cblr-1216	154	13	and	and	CCONJ
cblr-1216	154	14	actions	action	NOUN
cblr-1216	154	15	in	in	ADP
cblr-1216	154	16	the	the	DET
cblr-1216	154	17	private	private	ADJ
cblr-1216	154	18	equity	equity	NOUN
cblr-1216	154	19	space	space	NOUN
cblr-1216	154	20	,	,	PUNCT
cblr-1216	154	21	such	such	ADJ
cblr-1216	154	22	proactive	proactive	ADJ
cblr-1216	154	23	steps	step	NOUN
cblr-1216	154	24	[	[	X
cblr-1216	154	25	such	such	ADJ
cblr-1216	154	26	as	as	ADP
cblr-1216	154	27	re	re	VERB
cblr-1216	154	28	-	-	ADJ
cblr-1216	154	29	evaluating	evaluate	VERB
cblr-1216	154	30	performance	performance	NOUN
cblr-1216	154	31	disclosures	disclosure	NOUN
cblr-1216	154	32	]	]	PUNCT
cblr-1216	154	33	are	be	AUX
cblr-1216	154	34	appropriate	appropriate	ADJ
cblr-1216	154	35	.	.	PUNCT
cblr-1216	154	36	”	"	PUNCT
cblr-1216	154	37	)	)	PUNCT
cblr-1216	154	38	.	.	PUNCT
cblr-1216	155	1	38	38	NUM
cblr-1216	155	2	bowden	bowden	PROPN
cblr-1216	155	3	,	,	PUNCT
cblr-1216	155	4	supra	supra	PROPN
cblr-1216	155	5	note	note	PROPN
cblr-1216	155	6	35	35	NUM
cblr-1216	155	7	.	.	NOUN
cblr-1216	155	8	39	39	NUM
cblr-1216	156	1	this	this	DET
cblr-1216	156	2	note	note	NOUN
cblr-1216	156	3	uses	use	VERB
cblr-1216	156	4	delaware	delaware	PROPN
cblr-1216	156	5	law	law	PROPN
cblr-1216	156	6	for	for	ADP
cblr-1216	156	7	comparison	comparison	NOUN
cblr-1216	156	8	because	because	SCONJ
cblr-1216	156	9	the	the	DET
cblr-1216	156	10	majority	majority	NOUN
cblr-1216	156	11	of	of	ADP
cblr-1216	156	12	u.s	u.s	PROPN
cblr-1216	156	13	.	.	PROPN
cblr-1216	156	14	private	private	ADJ
cblr-1216	156	15	equity	equity	NOUN
cblr-1216	156	16	funds	fund	NOUN
cblr-1216	156	17	are	be	AUX
cblr-1216	156	18	structured	structure	VERB
cblr-1216	156	19	as	as	ADP
cblr-1216	156	20	delaware	delaware	PROPN
cblr-1216	156	21	lps	lps	PROPN
cblr-1216	156	22	or	or	CCONJ
cblr-1216	156	23	delaware	delaware	PROPN
cblr-1216	156	24	llcs	llcs	PROPN
cblr-1216	156	25	.	.	PUNCT
cblr-1216	157	1	see	see	VERB
cblr-1216	157	2	generally	generally	ADV
cblr-1216	157	3	robert	robert	PROPN
cblr-1216	157	4	schwartz	schwartz	PROPN
cblr-1216	157	5	,	,	PUNCT
cblr-1216	157	6	delaware	delaware	PROPN
cblr-1216	157	7	as	as	ADP
cblr-1216	157	8	a	a	DET
cblr-1216	157	9	location	location	NOUN
cblr-1216	157	10	for	for	ADP
cblr-1216	157	11	private	private	ADJ
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cblr-1216	157	13	:	:	PUNCT
cblr-1216	157	14	the	the	DET
cblr-1216	157	15	why	why	SCONJ
cblr-1216	157	16	and	and	CCONJ
cblr-1216	157	17	the	the	DET
cblr-1216	157	18	what	what	PRON
cblr-1216	157	19	,	,	PUNCT
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cblr-1216	158	3	sec	sec	PROPN
cblr-1216	158	4	.	.	PROPN
cblr-1216	158	5	l.	l.	PROPN
cblr-1216	158	6	rep	rep	PROPN
cblr-1216	158	7	.	.	PROPN
cblr-1216	158	8	(	(	PUNCT
cblr-1216	158	9	bna	bna	PROPN
cblr-1216	158	10	)	)	PUNCT
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cblr-1216	158	12	(	(	PUNCT
cblr-1216	158	13	aug	aug	PROPN
cblr-1216	158	14	.	.	PROPN
cblr-1216	158	15	10	10	NUM
cblr-1216	158	16	,	,	PUNCT
cblr-1216	158	17	2012	2012	NUM
cblr-1216	158	18	)	)	PUNCT
cblr-1216	158	19	.	.	PUNCT
cblr-1216	159	1	40	40	NUM
cblr-1216	159	2	michael	michael	PROPN
cblr-1216	159	3	r.	r.	PROPN
cblr-1216	159	4	pieczonka	pieczonka	PROPN
cblr-1216	159	5	,	,	PUNCT
cblr-1216	159	6	the	the	DET
cblr-1216	159	7	largest	large	ADJ
cblr-1216	159	8	loophole	loophole	NOUN
cblr-1216	159	9	in	in	ADP
cblr-1216	159	10	federal	federal	ADJ
cblr-1216	159	11	tax	tax	NOUN
cblr-1216	159	12	law	law	NOUN
cblr-1216	159	13	:	:	PUNCT
cblr-1216	159	14	preferential	preferential	ADJ
cblr-1216	159	15	capital	capital	NOUN
cblr-1216	159	16	gain	gain	VERB
cblr-1216	159	17	treatment	treatment	NOUN
cblr-1216	159	18	for	for	ADP
cblr-1216	159	19	private	private	ADJ
cblr-1216	159	20	equity	equity	NOUN
cblr-1216	159	21	and	and	CCONJ
cblr-1216	159	22	hedge	hedge	NOUN
cblr-1216	159	23	fund	fund	NOUN
cblr-1216	159	24	managers	manager	NOUN
cblr-1216	159	25	’	'	PUNCT
cblr-1216	159	26	carried	carry	VERB
cblr-1216	159	27	interests	interest	NOUN
cblr-1216	159	28	,	,	PUNCT
cblr-1216	159	29	42	42	NUM
cblr-1216	159	30	j.	j.	PROPN
cblr-1216	159	31	marshall	marshall	PROPN
cblr-1216	159	32	l.	l.	PROPN
cblr-1216	159	33	rev	rev	PROPN
cblr-1216	159	34	.	.	PROPN
cblr-1216	159	35	529	529	NUM
cblr-1216	159	36	,	,	PUNCT
cblr-1216	159	37	533	533	NUM
cblr-1216	159	38	(	(	PUNCT
cblr-1216	159	39	2009	2009	NUM
cblr-1216	159	40	)	)	PUNCT
cblr-1216	159	41	.	.	PUNCT
cblr-1216	160	1	41	41	NUM
cblr-1216	160	2	boxer	boxer	NOUN
cblr-1216	160	3	v.	v.	ADP
cblr-1216	160	4	husky	husky	PROPN
cblr-1216	160	5	oil	oil	PROPN
cblr-1216	160	6	co.	co.	PROPN
cblr-1216	160	7	,	,	PUNCT
cblr-1216	160	8	429	429	NUM
cblr-1216	160	9	a.2d	a.2d	SYM
cblr-1216	160	10	995	995	NUM
cblr-1216	160	11	,	,	PUNCT
cblr-1216	160	12	997	997	NUM
cblr-1216	160	13	(	(	PUNCT
cblr-1216	160	14	del	del	PROPN
cblr-1216	160	15	.	.	PROPN
cblr-1216	160	16	ch	ch	PROPN
cblr-1216	160	17	.	.	PROPN
cblr-1216	160	18	1981	1981	NUM
cblr-1216	160	19	)	)	PUNCT
cblr-1216	160	20	(	(	PUNCT
cblr-1216	160	21	“	"	PUNCT
cblr-1216	160	22	when	when	SCONJ
cblr-1216	160	23	the	the	DET
cblr-1216	160	24	provisions	provision	NOUN
cblr-1216	160	25	of	of	ADP
cblr-1216	160	26	the	the	DET
cblr-1216	160	27	uniform	uniform	PROPN
cblr-1216	160	28	partnership	partnership	PROPN
cblr-1216	160	29	act	act	PROPN
cblr-1216	160	30	and	and	CCONJ
cblr-1216	160	31	the	the	DET
cblr-1216	160	32	uniform	uniform	ADJ
cblr-1216	160	33	limited	limited	PROPN
cblr-1216	160	34	partnership	partnership	PROPN
cblr-1216	160	35	act	act	NOUN
cblr-1216	160	36	are	be	AUX
cblr-1216	160	37	read	read	VERB
cblr-1216	160	38	together	together	ADV
cblr-1216	160	39	,	,	PUNCT
cblr-1216	160	40	it	it	PRON
cblr-1216	160	41	is	be	AUX
cblr-1216	160	42	clear	clear	ADJ
cblr-1216	160	43	that	that	SCONJ
cblr-1216	160	44	the	the	DET
cblr-1216	160	45	general	general	ADJ
cblr-1216	160	46	partner	partner	NOUN
cblr-1216	160	47	in	in	ADP
cblr-1216	160	48	a	a	DET
cblr-1216	160	49	limited	limited	ADJ
cblr-1216	160	50	partnership	partnership	NOUN
cblr-1216	160	51	owes	owe	VERB
cblr-1216	160	52	a	a	DET
cblr-1216	160	53	fiduciary	fiduciary	ADJ
cblr-1216	160	54	duty	duty	NOUN
cblr-1216	160	55	to	to	ADP
cblr-1216	160	56	the	the	DET
cblr-1216	160	57	limited	limited	ADJ
cblr-1216	160	58	partners	partner	NOUN
cblr-1216	160	59	.	.	PUNCT
cblr-1216	160	60	”	"	PUNCT
cblr-1216	160	61	)	)	PUNCT
cblr-1216	160	62	.	.	PUNCT
cblr-1216	161	1	nadler_final	nadler_final	PROPN
cblr-1216	161	2	264	264	NUM
cblr-1216	161	3	columbia	columbia	PROPN
cblr-1216	161	4	business	business	NOUN
cblr-1216	161	5	law	law	PROPN
cblr-1216	161	6	review	review	NOUN
cblr-1216	161	7	[	[	X
cblr-1216	161	8	vol	vol	NOUN
cblr-1216	161	9	.	.	NOUN
cblr-1216	161	10	2018	2018	NUM
cblr-1216	161	11	most	most	ADV
cblr-1216	161	12	sensitive	sensitive	ADJ
cblr-1216	161	13	,	,	PUNCT
cblr-1216	161	14	is	be	AUX
cblr-1216	161	15	then	then	ADV
cblr-1216	161	16	the	the	DET
cblr-1216	161	17	standard	standard	NOUN
cblr-1216	161	18	of	of	ADP
cblr-1216	161	19	behavior	behavior	NOUN
cblr-1216	161	20	.	.	PUNCT
cblr-1216	162	1	”42	”42	PROPN
cblr-1216	162	2	thus	thus	ADV
cblr-1216	162	3	,	,	PUNCT
cblr-1216	162	4	to	to	ADP
cblr-1216	162	5	some	some	DET
cblr-1216	162	6	extent	extent	NOUN
cblr-1216	162	7	,	,	PUNCT
cblr-1216	162	8	duties	duty	NOUN
cblr-1216	162	9	owed	owe	VERB
cblr-1216	162	10	under	under	ADP
cblr-1216	162	11	both	both	DET
cblr-1216	162	12	delaware	delaware	PROPN
cblr-1216	162	13	and	and	CCONJ
cblr-1216	162	14	federal	federal	ADJ
cblr-1216	162	15	law	law	NOUN
cblr-1216	162	16	suffer	suffer	VERB
cblr-1216	162	17	from	from	ADP
cblr-1216	162	18	the	the	DET
cblr-1216	162	19	murkiness	murkiness	NOUN
cblr-1216	162	20	of	of	ADP
cblr-1216	162	21	the	the	DET
cblr-1216	162	22	common	common	ADJ
cblr-1216	162	23	law	law	NOUN
cblr-1216	162	24	.	.	PUNCT
cblr-1216	163	1	however	however	ADV
cblr-1216	163	2	,	,	PUNCT
cblr-1216	163	3	one	one	NUM
cblr-1216	163	4	glaring	glaring	ADJ
cblr-1216	163	5	difference	difference	NOUN
cblr-1216	163	6	is	be	AUX
cblr-1216	163	7	that	that	SCONJ
cblr-1216	163	8	delaware	delaware	PROPN
cblr-1216	163	9	allows	allow	VERB
cblr-1216	163	10	limited	limited	ADJ
cblr-1216	163	11	partners	partner	NOUN
cblr-1216	163	12	to	to	PART
cblr-1216	163	13	waive	waive	VERB
cblr-1216	163	14	or	or	CCONJ
cblr-1216	163	15	modify	modify	VERB
cblr-1216	163	16	those	those	PRON
cblr-1216	163	17	duties,43	duties,43	ADJ
cblr-1216	163	18	while	while	SCONJ
cblr-1216	163	19	federal	federal	ADJ
cblr-1216	163	20	fiduciary	fiduciary	ADJ
cblr-1216	163	21	duties	duty	NOUN
cblr-1216	163	22	are	be	AUX
cblr-1216	163	23	non	non	ADJ
cblr-1216	163	24	-	-	ADJ
cblr-1216	163	25	waivable	waivable	ADJ
cblr-1216	163	26	and	and	CCONJ
cblr-1216	163	27	non	non	ADJ
cblr-1216	163	28	-	-	NOUN
cblr-1216	163	29	modifiable.44	modifiable.44	NOUN
cblr-1216	163	30	only	only	ADV
cblr-1216	163	31	by	by	ADP
cblr-1216	163	32	reference	reference	NOUN
cblr-1216	163	33	to	to	ADP
cblr-1216	163	34	this	this	DET
cblr-1216	163	35	disparity	disparity	NOUN
cblr-1216	163	36	can	can	AUX
cblr-1216	163	37	one	one	NUM
cblr-1216	163	38	launch	launch	VERB
cblr-1216	163	39	a	a	DET
cblr-1216	163	40	proper	proper	ADJ
cblr-1216	163	41	critique	critique	NOUN
cblr-1216	163	42	of	of	ADP
cblr-1216	163	43	the	the	DET
cblr-1216	163	44	federal	federal	ADJ
cblr-1216	163	45	standard	standard	NOUN
cblr-1216	163	46	;	;	PUNCT
cblr-1216	163	47	by	by	ADP
cblr-1216	163	48	examining	examine	VERB
cblr-1216	163	49	what	what	PRON
cblr-1216	163	50	the	the	DET
cblr-1216	163	51	federal	federal	ADJ
cblr-1216	163	52	standard	standard	NOUN
cblr-1216	163	53	as	as	ADP
cblr-1216	163	54	applied	apply	VERB
cblr-1216	163	55	to	to	ADP
cblr-1216	163	56	private	private	ADJ
cblr-1216	163	57	equity	equity	NOUN
cblr-1216	163	58	could	could	AUX
cblr-1216	163	59	be	be	AUX
cblr-1216	163	60	,	,	PUNCT
cblr-1216	163	61	this	this	DET
cblr-1216	163	62	note	note	NOUN
cblr-1216	163	63	argues	argue	VERB
cblr-1216	163	64	the	the	DET
cblr-1216	163	65	current	current	ADJ
cblr-1216	163	66	state	state	NOUN
cblr-1216	163	67	of	of	ADP
cblr-1216	163	68	the	the	DET
cblr-1216	163	69	law	law	NOUN
cblr-1216	163	70	is	be	AUX
cblr-1216	163	71	unsustainable	unsustainable	ADJ
cblr-1216	163	72	.	.	PUNCT
cblr-1216	164	1	ii	ii	PROPN
cblr-1216	164	2	.	.	PUNCT
cblr-1216	165	1	disparities	disparity	NOUN
cblr-1216	165	2	between	between	ADP
cblr-1216	165	3	the	the	DET
cblr-1216	165	4	federal	federal	ADJ
cblr-1216	165	5	fiduciary	fiduciary	ADJ
cblr-1216	165	6	standard	standard	PROPN
cblr-1216	165	7	and	and	CCONJ
cblr-1216	165	8	delaware	delaware	PROPN
cblr-1216	165	9	law	law	PROPN
cblr-1216	165	10	as	as	SCONJ
cblr-1216	165	11	noted	note	VERB
cblr-1216	165	12	above	above	ADV
cblr-1216	165	13	,	,	PUNCT
cblr-1216	165	14	the	the	DET
cblr-1216	165	15	glaring	glaring	ADJ
cblr-1216	165	16	difference	difference	NOUN
cblr-1216	165	17	between	between	ADP
cblr-1216	165	18	federal	federal	ADJ
cblr-1216	165	19	fiduciary	fiduciary	ADJ
cblr-1216	165	20	duties	duty	NOUN
cblr-1216	165	21	and	and	CCONJ
cblr-1216	165	22	fiduciary	fiduciary	ADJ
cblr-1216	165	23	duties	duty	NOUN
cblr-1216	165	24	under	under	ADP
cblr-1216	165	25	delaware	delaware	PROPN
cblr-1216	165	26	law	law	NOUN
cblr-1216	165	27	is	be	AUX
cblr-1216	165	28	that	that	SCONJ
cblr-1216	165	29	the	the	DET
cblr-1216	165	30	latter	latter	ADJ
cblr-1216	165	31	can	can	AUX
cblr-1216	165	32	be	be	AUX
cblr-1216	165	33	waived	waive	VERB
cblr-1216	165	34	or	or	CCONJ
cblr-1216	165	35	modified	modify	VERB
cblr-1216	165	36	by	by	ADP
cblr-1216	165	37	express	express	ADJ
cblr-1216	165	38	agreement	agreement	NOUN
cblr-1216	165	39	of	of	ADP
cblr-1216	165	40	the	the	DET
cblr-1216	165	41	parties	party	NOUN
cblr-1216	165	42	.	.	PUNCT
cblr-1216	166	1	this	this	DET
cblr-1216	166	2	seemingly	seemingly	ADV
cblr-1216	166	3	simple	simple	ADJ
cblr-1216	166	4	concept	concept	NOUN
cblr-1216	166	5	has	have	VERB
cblr-1216	166	6	a	a	DET
cblr-1216	166	7	plethora	plethora	NOUN
cblr-1216	166	8	of	of	ADP
cblr-1216	166	9	consequences	consequence	NOUN
cblr-1216	166	10	for	for	ADP
cblr-1216	166	11	how	how	SCONJ
cblr-1216	166	12	parties	party	NOUN
cblr-1216	166	13	structure	structure	VERB
cblr-1216	166	14	their	their	PRON
cblr-1216	166	15	conduct	conduct	NOUN
cblr-1216	166	16	when	when	SCONJ
cblr-1216	166	17	entering	enter	VERB
cblr-1216	166	18	into	into	ADP
cblr-1216	166	19	private	private	ADJ
cblr-1216	166	20	equity	equity	NOUN
cblr-1216	166	21	arrangements	arrangement	NOUN
cblr-1216	166	22	.	.	PUNCT
cblr-1216	167	1	this	this	DET
cblr-1216	167	2	section	section	NOUN
cblr-1216	167	3	examines	examine	VERB
cblr-1216	167	4	how	how	SCONJ
cblr-1216	167	5	the	the	DET
cblr-1216	167	6	sec	sec	PROPN
cblr-1216	167	7	has	have	AUX
cblr-1216	167	8	applied	apply	VERB
cblr-1216	167	9	the	the	DET
cblr-1216	167	10	federal	federal	ADJ
cblr-1216	167	11	standard	standard	NOUN
cblr-1216	167	12	to	to	ADP
cblr-1216	167	13	private	private	ADJ
cblr-1216	167	14	equity	equity	NOUN
cblr-1216	167	15	firms	firm	NOUN
cblr-1216	167	16	via	via	ADP
cblr-1216	167	17	settlements	settlement	NOUN
cblr-1216	167	18	for	for	ADP
cblr-1216	167	19	alleged	alleged	ADJ
cblr-1216	167	20	violations	violation	NOUN
cblr-1216	167	21	of	of	ADP
cblr-1216	167	22	the	the	DET
cblr-1216	167	23	iaa	iaa	NOUN
cblr-1216	167	24	,	,	PUNCT
cblr-1216	167	25	and	and	CCONJ
cblr-1216	167	26	contrasts	contrast	VERB
cblr-1216	167	27	those	those	DET
cblr-1216	167	28	results	result	NOUN
cblr-1216	167	29	with	with	ADP
cblr-1216	167	30	a	a	DET
cblr-1216	167	31	regime	regime	NOUN
cblr-1216	167	32	where	where	SCONJ
cblr-1216	167	33	duties	duty	NOUN
cblr-1216	167	34	can	can	AUX
cblr-1216	167	35	be	be	AUX
cblr-1216	167	36	waived	waive	VERB
cblr-1216	167	37	or	or	CCONJ
cblr-1216	167	38	modified	modify	VERB
cblr-1216	167	39	.	.	PUNCT
cblr-1216	168	1	while	while	SCONJ
cblr-1216	168	2	the	the	DET
cblr-1216	168	3	exact	exact	ADJ
cblr-1216	168	4	lpas	lpa	NOUN
cblr-1216	168	5	are	be	AUX
cblr-1216	168	6	closely	closely	ADV
cblr-1216	168	7	guarded	guard	VERB
cblr-1216	168	8	by	by	ADP
cblr-1216	168	9	private	private	ADJ
cblr-1216	168	10	equity	equity	NOUN
cblr-1216	168	11	sponsors	sponsor	NOUN
cblr-1216	168	12	as	as	ADP
cblr-1216	168	13	“	"	PUNCT
cblr-1216	168	14	trade	trade	NOUN
cblr-1216	168	15	secrets,”45	secrets,”45	NOUN
cblr-1216	168	16	the	the	DET
cblr-1216	168	17	actual	actual	ADJ
cblr-1216	168	18	lpas	lpas	NOUN
cblr-1216	168	19	used	use	VERB
cblr-1216	168	20	in	in	ADP
cblr-1216	168	21	the	the	DET
cblr-1216	168	22	funds	fund	NOUN
cblr-1216	168	23	subject	subject	ADJ
cblr-1216	168	24	to	to	ADP
cblr-1216	168	25	sec	sec	PROPN
cblr-1216	168	26	action	action	NOUN
cblr-1216	168	27	are	be	AUX
cblr-1216	168	28	not	not	PART
cblr-1216	168	29	essential	essential	ADJ
cblr-1216	168	30	to	to	ADP
cblr-1216	168	31	this	this	DET
cblr-1216	168	32	analysis.46	analysis.46	PROPN
cblr-1216	168	33	rather	rather	ADV
cblr-1216	168	34	,	,	PUNCT
cblr-1216	168	35	what	what	PRON
cblr-1216	168	36	is	be	AUX
cblr-1216	168	37	important	important	ADJ
cblr-1216	168	38	is	be	AUX
cblr-1216	168	39	when	when	SCONJ
cblr-1216	168	40	fiduciary	fiduciary	ADJ
cblr-1216	168	41	duties	duty	NOUN
cblr-1216	168	42	are	be	AUX
cblr-1216	168	43	implicated	implicate	VERB
cblr-1216	168	44	,	,	PUNCT
cblr-1216	168	45	how	how	SCONJ
cblr-1216	168	46	the	the	DET
cblr-1216	168	47	sec	sec	PROPN
cblr-1216	168	48	42	42	NUM
cblr-1216	168	49	meinhard	meinhard	NOUN
cblr-1216	168	50	v.	v.	ADP
cblr-1216	168	51	salmon	salmon	NOUN
cblr-1216	168	52	,	,	PUNCT
cblr-1216	168	53	164	164	NUM
cblr-1216	168	54	n.e	n.e	PROPN
cblr-1216	168	55	.	.	PROPN
cblr-1216	168	56	545	545	NUM
cblr-1216	168	57	,	,	PUNCT
cblr-1216	168	58	546	546	NUM
cblr-1216	168	59	(	(	PUNCT
cblr-1216	168	60	n.y	n.y	PROPN
cblr-1216	168	61	.	.	PROPN
cblr-1216	168	62	1928	1928	NUM
cblr-1216	168	63	)	)	PUNCT
cblr-1216	168	64	.	.	PUNCT
cblr-1216	169	1	43	43	NUM
cblr-1216	169	2	del	del	PROPN
cblr-1216	169	3	.	.	PROPN
cblr-1216	169	4	code	code	PROPN
cblr-1216	169	5	ann	ann	PROPN
cblr-1216	169	6	.	.	PUNCT
cblr-1216	169	7	tit	tit	PROPN
cblr-1216	169	8	.	.	PROPN
cblr-1216	170	1	6	6	NUM
cblr-1216	170	2	,	,	PUNCT
cblr-1216	170	3	§	§	NOUN
cblr-1216	170	4	17	17	NUM
cblr-1216	170	5	-	-	PUNCT
cblr-1216	170	6	1101(d	1101(d	NUM
cblr-1216	170	7	)	)	PUNCT
cblr-1216	170	8	(	(	PUNCT
cblr-1216	170	9	west	west	NOUN
cblr-1216	170	10	2010	2010	NUM
cblr-1216	170	11	)	)	PUNCT
cblr-1216	170	12	.	.	PUNCT
cblr-1216	171	1	44	44	NUM
cblr-1216	171	2	see	see	VERB
cblr-1216	171	3	heitman	heitman	NOUN
cblr-1216	171	4	capital	capital	PROPN
cblr-1216	171	5	mgmt	mgmt	PROPN
cblr-1216	171	6	.	.	PROPN
cblr-1216	171	7	,	,	PUNCT
cblr-1216	171	8	sec	sec	PROPN
cblr-1216	171	9	no	no	DET
cblr-1216	171	10	-	-	PUNCT
cblr-1216	171	11	action	action	NOUN
cblr-1216	171	12	letter	letter	NOUN
cblr-1216	171	13	,	,	PUNCT
cblr-1216	171	14	2007	2007	NUM
cblr-1216	171	15	wl	wl	NOUN
cblr-1216	171	16	789073	789073	NUM
cblr-1216	171	17	,	,	PUNCT
cblr-1216	171	18	at	at	ADP
cblr-1216	171	19	*	*	NOUN
cblr-1216	171	20	3	3	NUM
cblr-1216	171	21	(	(	PUNCT
cblr-1216	171	22	feb	feb	PROPN
cblr-1216	171	23	.	.	PROPN
cblr-1216	171	24	12	12	NUM
cblr-1216	171	25	,	,	PUNCT
cblr-1216	171	26	2007	2007	NUM
cblr-1216	171	27	)	)	PUNCT
cblr-1216	171	28	.	.	PUNCT
cblr-1216	172	1	45	45	NUM
cblr-1216	172	2	gretchen	gretchen	ADJ
cblr-1216	172	3	morgenson	morgenson	PROPN
cblr-1216	172	4	,	,	PUNCT
cblr-1216	172	5	behind	behind	ADP
cblr-1216	172	6	private	private	ADJ
cblr-1216	172	7	equity	equity	NOUN
cblr-1216	172	8	’s	’s	PART
cblr-1216	172	9	curtain	curtain	NOUN
cblr-1216	172	10	,	,	PUNCT
cblr-1216	172	11	n.y	n.y	PROPN
cblr-1216	172	12	.	.	PROPN
cblr-1216	172	13	times	times	PROPN
cblr-1216	172	14	(	(	PUNCT
cblr-1216	172	15	oct	oct	PROPN
cblr-1216	172	16	.	.	PROPN
cblr-1216	172	17	18	18	NUM
cblr-1216	172	18	,	,	PUNCT
cblr-1216	172	19	2014	2014	NUM
cblr-1216	172	20	)	)	PUNCT
cblr-1216	172	21	,	,	PUNCT
cblr-1216	172	22	https://www.nytimes.com/2014/10/19/business/retirement/behind-private-equitys-curtain.html	https://www.nytimes.com/2014/10/19/business/retirement/behind-private-equitys-curtain.html	VERB
cblr-1216	172	23	[	[	X
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cblr-1216	172	26	.	.	PUNCT
cblr-1216	173	1	46	46	NUM
cblr-1216	173	2	in	in	ADP
cblr-1216	173	3	concert	concert	NOUN
cblr-1216	173	4	with	with	ADP
cblr-1216	173	5	the	the	DET
cblr-1216	173	6	above	above	ADJ
cblr-1216	173	7	article	article	NOUN
cblr-1216	173	8	,	,	PUNCT
cblr-1216	173	9	the	the	DET
cblr-1216	173	10	new	new	PROPN
cblr-1216	173	11	york	york	PROPN
cblr-1216	173	12	times	times	PROPN
cblr-1216	173	13	published	publish	VERB
cblr-1216	173	14	a	a	DET
cblr-1216	173	15	redacted	redact	VERB
cblr-1216	173	16	version	version	NOUN
cblr-1216	173	17	of	of	ADP
cblr-1216	173	18	a	a	DET
cblr-1216	173	19	carlyle	carlyle	PROPN
cblr-1216	173	20	lpa	lpa	PROPN
cblr-1216	173	21	.	.	PROPN
cblr-1216	174	1	see	see	AUX
cblr-1216	174	2	redacted	redact	VERB
cblr-1216	174	3	carlyle	carlyle	PROPN
cblr-1216	174	4	limited	limited	PROPN
cblr-1216	174	5	partnership	partnership	PROPN
cblr-1216	174	6	agreement	agreement	PROPN
cblr-1216	174	7	,	,	PUNCT
cblr-1216	174	8	n.y	n.y	PROPN
cblr-1216	174	9	.	.	PROPN
cblr-1216	174	10	times	times	PROPN
cblr-1216	174	11	(	(	PUNCT
cblr-1216	174	12	oct	oct	PROPN
cblr-1216	174	13	.	.	PROPN
cblr-1216	174	14	18	18	NUM
cblr-1216	174	15	,	,	PUNCT
cblr-1216	174	16	2014	2014	NUM
cblr-1216	174	17	)	)	PUNCT
cblr-1216	174	18	,	,	PUNCT
cblr-1216	174	19	http://www.nytimes.com/internadler_final	http://www.nytimes.com/internadler_final	PROPN
cblr-1216	174	20	no	no	NOUN
cblr-1216	174	21	.	.	PUNCT
cblr-1216	175	1	1:254	1:254	NUM
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cblr-1216	175	3	federal	federal	ADJ
cblr-1216	175	4	fiduciary	fiduciary	ADJ
cblr-1216	175	5	duties	duty	NOUN
cblr-1216	175	6	and	and	CCONJ
cblr-1216	175	7	private	private	ADJ
cblr-1216	175	8	equity	equity	NOUN
cblr-1216	175	9	265	265	NUM
cblr-1216	175	10	has	have	AUX
cblr-1216	175	11	substantiated	substantiate	VERB
cblr-1216	175	12	its	its	PRON
cblr-1216	175	13	claims	claim	NOUN
cblr-1216	175	14	for	for	ADP
cblr-1216	175	15	a	a	DET
cblr-1216	175	16	breach	breach	NOUN
cblr-1216	175	17	,	,	PUNCT
cblr-1216	175	18	and	and	CCONJ
cblr-1216	175	19	how	how	SCONJ
cblr-1216	175	20	a	a	DET
cblr-1216	175	21	delaware	delaware	PROPN
cblr-1216	175	22	-	-	PUNCT
cblr-1216	175	23	like	like	ADJ
cblr-1216	175	24	regime	regime	NOUN
cblr-1216	175	25	would	would	AUX
cblr-1216	175	26	offer	offer	VERB
cblr-1216	175	27	a	a	DET
cblr-1216	175	28	result	result	NOUN
cblr-1216	175	29	that	that	PRON
cblr-1216	175	30	is	be	AUX
cblr-1216	175	31	preferable	preferable	ADJ
cblr-1216	175	32	,	,	PUNCT
cblr-1216	175	33	ex	ex	X
cblr-1216	175	34	ante	ante	NOUN
cblr-1216	175	35	,	,	PUNCT
cblr-1216	175	36	for	for	ADP
cblr-1216	175	37	the	the	DET
cblr-1216	175	38	contracting	contracting	NOUN
cblr-1216	175	39	parties	party	NOUN
cblr-1216	175	40	.	.	PUNCT
cblr-1216	176	1	a.	a.	NOUN
cblr-1216	176	2	sec	sec	PROPN
cblr-1216	176	3	enforcement	enforcement	NOUN
cblr-1216	176	4	actions	action	NOUN
cblr-1216	176	5	as	as	ADP
cblr-1216	176	6	a	a	DET
cblr-1216	176	7	sample	sample	NOUN
cblr-1216	176	8	of	of	ADP
cblr-1216	176	9	relevant	relevant	ADJ
cblr-1216	176	10	sec	sec	PROPN
cblr-1216	176	11	enforcement	enforcement	NOUN
cblr-1216	176	12	actions	action	NOUN
cblr-1216	176	13	,	,	PUNCT
cblr-1216	176	14	this	this	DET
cblr-1216	176	15	section	section	NOUN
cblr-1216	176	16	focuses	focus	VERB
cblr-1216	176	17	on	on	ADP
cblr-1216	176	18	three	three	NUM
cblr-1216	176	19	major	major	ADJ
cblr-1216	176	20	settlements	settlement	NOUN
cblr-1216	176	21	between	between	ADP
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cblr-1216	176	23	sec	sec	PROPN
cblr-1216	176	24	and	and	CCONJ
cblr-1216	176	25	affiliates	affiliate	NOUN
cblr-1216	176	26	of	of	ADP
cblr-1216	176	27	apollo,47	apollo,47	NOUN
cblr-1216	176	28	blackstone,48	blackstone,48	PROPN
cblr-1216	176	29	and	and	CCONJ
cblr-1216	176	30	kkr	kkr	PROPN
cblr-1216	176	31	.	.	PROPN
cblr-1216	177	1	according	accord	VERB
cblr-1216	177	2	to	to	ADP
cblr-1216	177	3	private	private	ADJ
cblr-1216	177	4	equity	equity	NOUN
cblr-1216	177	5	international	international	PROPN
cblr-1216	177	6	,	,	PUNCT
cblr-1216	177	7	an	an	DET
cblr-1216	177	8	industry	industry	NOUN
cblr-1216	177	9	publication	publication	NOUN
cblr-1216	177	10	,	,	PUNCT
cblr-1216	177	11	these	these	DET
cblr-1216	177	12	entities	entity	NOUN
cblr-1216	177	13	are	be	AUX
cblr-1216	177	14	three	three	NUM
cblr-1216	177	15	of	of	ADP
cblr-1216	177	16	the	the	DET
cblr-1216	177	17	seven	seven	NUM
cblr-1216	177	18	largest	large	ADJ
cblr-1216	177	19	private	private	ADJ
cblr-1216	177	20	equity	equity	NOUN
cblr-1216	177	21	groups	group	NOUN
cblr-1216	177	22	in	in	ADP
cblr-1216	177	23	the	the	DET
cblr-1216	177	24	world.49	world.49	NOUN
cblr-1216	177	25	these	these	DET
cblr-1216	177	26	settlements	settlement	NOUN
cblr-1216	177	27	do	do	AUX
cblr-1216	177	28	not	not	PART
cblr-1216	177	29	reflect	reflect	VERB
cblr-1216	177	30	the	the	DET
cblr-1216	177	31	totality	totality	NOUN
cblr-1216	177	32	of	of	ADP
cblr-1216	177	33	settlements	settlement	NOUN
cblr-1216	177	34	with	with	ADP
cblr-1216	177	35	the	the	DET
cblr-1216	177	36	sec	sec	PROPN
cblr-1216	177	37	by	by	ADP
cblr-1216	177	38	private	private	ADJ
cblr-1216	177	39	equity	equity	NOUN
cblr-1216	177	40	advisers	adviser	NOUN
cblr-1216	177	41	,	,	PUNCT
cblr-1216	177	42	nor	nor	CCONJ
cblr-1216	177	43	are	be	AUX
cblr-1216	177	44	they	they	PRON
cblr-1216	177	45	meant	mean	VERB
cblr-1216	177	46	to	to	PART
cblr-1216	177	47	be	be	AUX
cblr-1216	177	48	representative	representative	ADJ
cblr-1216	177	49	of	of	ADP
cblr-1216	177	50	all	all	DET
cblr-1216	177	51	such	such	ADJ
cblr-1216	177	52	settlements	settlement	NOUN
cblr-1216	177	53	.	.	PUNCT
cblr-1216	178	1	they	they	PRON
cblr-1216	178	2	do	do	AUX
cblr-1216	178	3	,	,	PUNCT
cblr-1216	178	4	however	however	ADV
cblr-1216	178	5	,	,	PUNCT
cblr-1216	178	6	give	give	VERB
cblr-1216	178	7	examples	example	NOUN
cblr-1216	178	8	of	of	ADP
cblr-1216	178	9	the	the	DET
cblr-1216	178	10	types	type	NOUN
cblr-1216	178	11	of	of	ADP
cblr-1216	178	12	conduct	conduct	NOUN
cblr-1216	178	13	that	that	SCONJ
cblr-1216	178	14	the	the	DET
cblr-1216	178	15	sec	sec	PROPN
cblr-1216	178	16	has	have	AUX
cblr-1216	178	17	focused	focus	VERB
cblr-1216	178	18	on	on	ADP
cblr-1216	178	19	in	in	ADP
cblr-1216	178	20	its	its	PRON
cblr-1216	178	21	enforcement	enforcement	NOUN
cblr-1216	178	22	capacity	capacity	NOUN
cblr-1216	178	23	,	,	PUNCT
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cblr-1216	178	25	the	the	DET
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cblr-1216	178	28	/	/	SYM
cblr-1216	178	29	business/19equity	business/19equity	NOUN
cblr-1216	178	30	-	-	PUNCT
cblr-1216	178	31	doc.html	doc.html	NOUN
cblr-1216	179	1	[	[	X
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cblr-1216	179	3	]	]	X
cblr-1216	179	4	.	.	PUNCT
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cblr-1216	180	2	,	,	PUNCT
cblr-1216	180	3	in	in	ADP
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cblr-1216	180	6	website	website	NOUN
cblr-1216	180	7	“	"	PUNCT
cblr-1216	180	8	naked	naked	ADJ
cblr-1216	180	9	capitalism	capitalism	NOUN
cblr-1216	180	10	”	"	PUNCT
cblr-1216	180	11	published	publish	VERB
cblr-1216	180	12	twelve	twelve	NUM
cblr-1216	180	13	lpas	lpa	NOUN
cblr-1216	180	14	that	that	PRON
cblr-1216	180	15	it	it	PRON
cblr-1216	180	16	obtained	obtain	VERB
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cblr-1216	181	10	agreement	agreement	NOUN
cblr-1216	181	11	release	release	NOUN
cblr-1216	181	12	,	,	PUNCT
cblr-1216	181	13	naked	naked	ADJ
cblr-1216	181	14	capitalism	capitalism	NOUN
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cblr-1216	181	17	26	26	NUM
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cblr-1216	181	22	http://www.nakedcapitalism.com/2014/05/private-equity-limited-partnership-agreement-release-industrys-snowden-moment.html	http://www.nakedcapitalism.com/2014/05/private-equity-limited-partnership-agreement-release-industrys-snowden-moment.html	VERB
cblr-1216	182	1	[	[	X
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cblr-1216	182	3	]	]	X
cblr-1216	182	4	.	.	PUNCT
cblr-1216	183	1	the	the	DET
cblr-1216	183	2	effort	effort	NOUN
cblr-1216	183	3	was	be	AUX
cblr-1216	183	4	a	a	DET
cblr-1216	183	5	direct	direct	ADJ
cblr-1216	183	6	response	response	NOUN
cblr-1216	183	7	to	to	ADP
cblr-1216	183	8	a	a	DET
cblr-1216	183	9	wall	wall	PROPN
cblr-1216	183	10	street	street	PROPN
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cblr-1216	183	12	report	report	VERB
cblr-1216	183	13	detailing	detail	VERB
cblr-1216	183	14	practices	practice	NOUN
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cblr-1216	183	19	&	&	CCONJ
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cblr-1216	183	22	“	"	PUNCT
cblr-1216	183	23	kkr	kkr	PROPN
cblr-1216	183	24	”	"	PUNCT
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cblr-1216	183	34	action	action	NOUN
cblr-1216	183	35	.	.	PUNCT
cblr-1216	184	1	see	see	VERB
cblr-1216	184	2	mark	mark	PROPN
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cblr-1216	184	5	kkr	kkr	PROPN
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cblr-1216	186	5	for	for	ADP
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cblr-1216	186	8	reader	reader	NOUN
cblr-1216	186	9	but	but	CCONJ
cblr-1216	186	10	the	the	DET
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cblr-1216	186	12	lpas	lpa	NOUN
cblr-1216	186	13	are	be	AUX
cblr-1216	186	14	not	not	PART
cblr-1216	186	15	examined	examine	VERB
cblr-1216	186	16	in	in	ADP
cblr-1216	186	17	this	this	DET
cblr-1216	186	18	note	note	NOUN
cblr-1216	186	19	.	.	PUNCT
cblr-1216	187	1	rather	rather	ADV
cblr-1216	187	2	than	than	ADP
cblr-1216	187	3	providing	provide	VERB
cblr-1216	187	4	a	a	DET
cblr-1216	187	5	line	line	NOUN
cblr-1216	187	6	-	-	PUNCT
cblr-1216	187	7	by	by	ADP
cblr-1216	187	8	-	-	PUNCT
cblr-1216	187	9	line	line	NOUN
cblr-1216	187	10	analysis	analysis	NOUN
cblr-1216	187	11	of	of	ADP
cblr-1216	187	12	specific	specific	ADJ
cblr-1216	187	13	lpas	lpa	NOUN
cblr-1216	187	14	,	,	PUNCT
cblr-1216	187	15	this	this	DET
cblr-1216	187	16	note	note	NOUN
cblr-1216	187	17	takes	take	VERB
cblr-1216	187	18	a	a	DET
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cblr-1216	187	20	view	view	NOUN
cblr-1216	187	21	when	when	SCONJ
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cblr-1216	187	25	between	between	ADP
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cblr-1216	187	27	and	and	CCONJ
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cblr-1216	187	30	.	.	PUNCT
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cblr-1216	188	4	.	.	PUNCT
cblr-1216	189	1	v	v	NOUN
cblr-1216	189	2	,	,	PUNCT
cblr-1216	189	3	investment	investment	NOUN
cblr-1216	189	4	advisers	adviser	NOUN
cblr-1216	189	5	act	act	VERB
cblr-1216	189	6	release	release	VERB
cblr-1216	189	7	no	no	NOUN
cblr-1216	189	8	.	.	NOUN
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cblr-1216	191	4	advisers	adviser	NOUN
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cblr-1216	191	7	no	no	NOUN
cblr-1216	191	8	.	.	NOUN
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cblr-1216	191	10	,	,	PUNCT
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cblr-1216	191	14	(	(	PUNCT
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cblr-1216	191	17	7	7	NUM
cblr-1216	191	18	,	,	PUNCT
cblr-1216	191	19	2015	2015	NUM
cblr-1216	191	20	)	)	PUNCT
cblr-1216	191	21	.	.	PUNCT
cblr-1216	192	1	49	49	NUM
cblr-1216	192	2	private	private	ADJ
cblr-1216	192	3	equity	equity	NOUN
cblr-1216	192	4	international	international	PROPN
cblr-1216	192	5	,	,	PUNCT
cblr-1216	192	6	pei300	pei300	PROPN
cblr-1216	192	7	,	,	PUNCT
cblr-1216	192	8	https://www.privateequityinternational.com/pei/pei300/	https://www.privateequityinternational.com/pei/pei300/	NOUN
cblr-1216	192	9	[	[	X
cblr-1216	192	10	perma.cc/8hrc-saas	perma.cc/8hrc-saas	NOUN
cblr-1216	192	11	]	]	PUNCT
cblr-1216	192	12	.	.	PUNCT
cblr-1216	193	1	according	accord	VERB
cblr-1216	193	2	to	to	ADP
cblr-1216	193	3	pei	pei	PROPN
cblr-1216	193	4	,	,	PUNCT
cblr-1216	193	5	blackstone	blackstone	PROPN
cblr-1216	193	6	is	be	AUX
cblr-1216	193	7	the	the	DET
cblr-1216	193	8	largest	large	ADJ
cblr-1216	193	9	private	private	ADJ
cblr-1216	193	10	equity	equity	NOUN
cblr-1216	193	11	group	group	NOUN
cblr-1216	193	12	,	,	PUNCT
cblr-1216	193	13	kkr	kkr	PROPN
cblr-1216	193	14	is	be	AUX
cblr-1216	193	15	second	second	ADV
cblr-1216	193	16	-	-	PUNCT
cblr-1216	193	17	largest	large	ADJ
cblr-1216	193	18	,	,	PUNCT
cblr-1216	193	19	and	and	CCONJ
cblr-1216	193	20	apollo	apollo	PROPN
cblr-1216	193	21	is	be	AUX
cblr-1216	193	22	seventh	seventh	ADV
cblr-1216	193	23	-	-	PUNCT
cblr-1216	193	24	largest	large	ADJ
cblr-1216	193	25	.	.	PUNCT
cblr-1216	194	1	nadler_final	nadler_final	PROPN
cblr-1216	194	2	266	266	NUM
cblr-1216	194	3	columbia	columbia	PROPN
cblr-1216	194	4	business	business	NOUN
cblr-1216	194	5	law	law	PROPN
cblr-1216	194	6	review	review	NOUN
cblr-1216	194	7	[	[	X
cblr-1216	194	8	vol	vol	NOUN
cblr-1216	194	9	.	.	NOUN
cblr-1216	194	10	2018	2018	NUM
cblr-1216	194	11	of	of	ADP
cblr-1216	194	12	behavior	behavior	NOUN
cblr-1216	194	13	the	the	DET
cblr-1216	194	14	sec	sec	PROPN
cblr-1216	194	15	believes	believe	VERB
cblr-1216	194	16	constitute	constitute	VERB
cblr-1216	194	17	violations	violation	NOUN
cblr-1216	194	18	of	of	ADP
cblr-1216	194	19	the	the	DET
cblr-1216	194	20	federal	federal	ADJ
cblr-1216	194	21	fiduciary	fiduciary	ADJ
cblr-1216	194	22	duty	duty	NOUN
cblr-1216	194	23	.	.	PUNCT
cblr-1216	195	1	1	1	X
cblr-1216	195	2	.	.	X
cblr-1216	195	3	kkr	kkr	PROPN
cblr-1216	195	4	kkr	kkr	PROPN
cblr-1216	195	5	allegedly	allegedly	ADV
cblr-1216	195	6	violated	violate	VERB
cblr-1216	195	7	its	its	PRON
cblr-1216	195	8	federal	federal	ADJ
cblr-1216	195	9	fiduciary	fiduciary	ADJ
cblr-1216	195	10	duty	duty	NOUN
cblr-1216	195	11	to	to	ADP
cblr-1216	195	12	its	its	PRON
cblr-1216	195	13	limited	limited	ADJ
cblr-1216	195	14	partners	partner	NOUN
cblr-1216	195	15	by	by	ADP
cblr-1216	195	16	misallocating	misallocate	VERB
cblr-1216	195	17	broken	break	VERB
cblr-1216	195	18	deal	deal	NOUN
cblr-1216	195	19	expenses	expense	NOUN
cblr-1216	195	20	.	.	PUNCT
cblr-1216	196	1	the	the	DET
cblr-1216	196	2	source	source	NOUN
cblr-1216	196	3	of	of	ADP
cblr-1216	196	4	this	this	DET
cblr-1216	196	5	alleged	allege	VERB
cblr-1216	196	6	violation	violation	NOUN
cblr-1216	196	7	was	be	AUX
cblr-1216	196	8	a	a	DET
cblr-1216	196	9	failure	failure	NOUN
cblr-1216	196	10	to	to	PART
cblr-1216	196	11	allocate	allocate	VERB
cblr-1216	196	12	expenses	expense	NOUN
cblr-1216	196	13	to	to	ADP
cblr-1216	196	14	co	co	NOUN
cblr-1216	196	15	-	-	NOUN
cblr-1216	196	16	investors	investor	NOUN
cblr-1216	196	17	,	,	PUNCT
cblr-1216	196	18	who	who	PRON
cblr-1216	196	19	would	would	AUX
cblr-1216	196	20	sometimes	sometimes	ADV
cblr-1216	196	21	fund	fund	VERB
cblr-1216	196	22	acquisitions	acquisition	NOUN
cblr-1216	196	23	alongside	alongside	ADP
cblr-1216	196	24	kkr	kkr	PROPN
cblr-1216	196	25	’s	’s	PART
cblr-1216	196	26	flagship	flagship	PROPN
cblr-1216	196	27	fund.50	fund.50	PROPN
cblr-1216	196	28	for	for	ADP
cblr-1216	196	29	all	all	DET
cblr-1216	196	30	kkr	kkr	PROPN
cblr-1216	196	31	transactions	transaction	NOUN
cblr-1216	196	32	,	,	PUNCT
cblr-1216	196	33	the	the	DET
cblr-1216	196	34	lpas	lpas	NOUN
cblr-1216	196	35	reserve	reserve	VERB
cblr-1216	196	36	a	a	DET
cblr-1216	196	37	percentage	percentage	NOUN
cblr-1216	196	38	of	of	ADP
cblr-1216	196	39	fund	fund	NOUN
cblr-1216	196	40	portfolio	portfolio	NOUN
cblr-1216	196	41	investments	investment	NOUN
cblr-1216	196	42	for	for	ADP
cblr-1216	196	43	third	third	ADJ
cblr-1216	196	44	parties	party	NOUN
cblr-1216	196	45	including	include	VERB
cblr-1216	196	46	kkr	kkr	PROPN
cblr-1216	196	47	executives	executive	NOUN
cblr-1216	196	48	,	,	PUNCT
cblr-1216	196	49	consultants	consultant	NOUN
cblr-1216	196	50	,	,	PUNCT
cblr-1216	196	51	and	and	CCONJ
cblr-1216	196	52	others.51	others.51	PROPN
cblr-1216	196	53	kkr	kkr	PROPN
cblr-1216	196	54	establishes	establish	VERB
cblr-1216	196	55	co	co	NOUN
cblr-1216	196	56	-	-	NOUN
cblr-1216	196	57	investment	investment	ADJ
cblr-1216	196	58	vehicles	vehicle	NOUN
cblr-1216	196	59	for	for	ADP
cblr-1216	196	60	these	these	DET
cblr-1216	196	61	third	third	ADJ
cblr-1216	196	62	parties	party	NOUN
cblr-1216	196	63	to	to	PART
cblr-1216	196	64	make	make	VERB
cblr-1216	196	65	these	these	PRON
cblr-1216	196	66	investments.52	investments.52	ADJ
cblr-1216	196	67	the	the	DET
cblr-1216	196	68	relevant	relevant	ADJ
cblr-1216	196	69	lpa	lpa	NOUN
cblr-1216	196	70	for	for	ADP
cblr-1216	196	71	this	this	DET
cblr-1216	196	72	enforcement	enforcement	NOUN
cblr-1216	196	73	action	action	NOUN
cblr-1216	196	74	reserved	reserve	VERB
cblr-1216	196	75	up	up	ADP
cblr-1216	196	76	to	to	PART
cblr-1216	196	77	5	5	NUM
cblr-1216	196	78	%	%	NOUN
cblr-1216	196	79	of	of	ADP
cblr-1216	196	80	every	every	DET
cblr-1216	196	81	portfolio	portfolio	NOUN
cblr-1216	196	82	investment	investment	NOUN
cblr-1216	196	83	for	for	ADP
cblr-1216	196	84	kkr	kkr	PROPN
cblr-1216	196	85	executives	executive	NOUN
cblr-1216	196	86	and	and	CCONJ
cblr-1216	196	87	up	up	ADP
cblr-1216	196	88	to	to	PART
cblr-1216	196	89	2.5	2.5	NUM
cblr-1216	196	90	%	%	NOUN
cblr-1216	196	91	for	for	ADP
cblr-1216	196	92	certain	certain	ADJ
cblr-1216	196	93	consultants	consultant	NOUN
cblr-1216	196	94	and	and	CCONJ
cblr-1216	196	95	others.53	others.53	NOUN
cblr-1216	196	96	these	these	DET
cblr-1216	196	97	vehicles	vehicle	NOUN
cblr-1216	196	98	invested	invest	VERB
cblr-1216	196	99	on	on	ADP
cblr-1216	196	100	a	a	DET
cblr-1216	196	101	deal	deal	NOUN
cblr-1216	196	102	-	-	PUNCT
cblr-1216	196	103	by	by	ADP
cblr-1216	196	104	-	-	PUNCT
cblr-1216	196	105	deal	deal	NOUN
cblr-1216	196	106	basis	basis	NOUN
cblr-1216	196	107	with	with	ADP
cblr-1216	196	108	no	no	DET
cblr-1216	196	109	specified	specify	VERB
cblr-1216	196	110	committed	committed	ADJ
cblr-1216	196	111	capital	capital	NOUN
cblr-1216	196	112	.	.	PUNCT
cblr-1216	197	1	furthermore	furthermore	ADV
cblr-1216	197	2	,	,	PUNCT
cblr-1216	197	3	kkr	kkr	PROPN
cblr-1216	197	4	“	"	PUNCT
cblr-1216	197	5	sponsored	sponsor	VERB
cblr-1216	197	6	a	a	DET
cblr-1216	197	7	publicly	publicly	ADV
cblr-1216	197	8	traded	trade	VERB
cblr-1216	197	9	partnership	partnership	NOUN
cblr-1216	197	10	that	that	SCONJ
cblr-1216	197	11	it	it	PRON
cblr-1216	197	12	established	establish	VERB
cblr-1216	197	13	and	and	CCONJ
cblr-1216	197	14	managed	manage	VERB
cblr-1216	197	15	independently	independently	ADV
cblr-1216	197	16	of	of	ADP
cblr-1216	197	17	any	any	DET
cblr-1216	197	18	specific	specific	ADJ
cblr-1216	197	19	private	private	ADJ
cblr-1216	197	20	equity	equity	NOUN
cblr-1216	197	21	transactions	transaction	NOUN
cblr-1216	197	22	.	.	PUNCT
cblr-1216	198	1	”54	”54	VERB
cblr-1216	198	2	this	this	DET
cblr-1216	198	3	partnership	partnership	NOUN
cblr-1216	198	4	was	be	AUX
cblr-1216	198	5	offered	offer	VERB
cblr-1216	198	6	co	co	NOUN
cblr-1216	198	7	-	-	NOUN
cblr-1216	198	8	investment	investment	ADJ
cblr-1216	198	9	opportunities	opportunity	NOUN
cblr-1216	198	10	from	from	ADP
cblr-1216	198	11	2006	2006	NUM
cblr-1216	198	12	to	to	ADP
cblr-1216	198	13	2008.55	2008.55	NUM
cblr-1216	198	14	the	the	DET
cblr-1216	198	15	sec	sec	PROPN
cblr-1216	198	16	labeled	label	VERB
cblr-1216	198	17	the	the	DET
cblr-1216	198	18	vehicles	vehicle	NOUN
cblr-1216	198	19	as	as	ADV
cblr-1216	198	20	well	well	ADV
cblr-1216	198	21	as	as	ADP
cblr-1216	198	22	the	the	DET
cblr-1216	198	23	publicly	publicly	ADV
cblr-1216	198	24	traded	trade	VERB
cblr-1216	198	25	partnership	partnership	NOUN
cblr-1216	198	26	as	as	ADP
cblr-1216	198	27	the	the	DET
cblr-1216	198	28	“	"	PUNCT
cblr-1216	198	29	kkr	kkr	PROPN
cblr-1216	198	30	co	co	PROPN
cblr-1216	198	31	-	-	NOUN
cblr-1216	198	32	investors	investor	NOUN
cblr-1216	198	33	.	.	PUNCT
cblr-1216	199	1	”56	”56	VERB
cblr-1216	199	2	the	the	DET
cblr-1216	199	3	kkr	kkr	PROPN
cblr-1216	199	4	action	action	NOUN
cblr-1216	199	5	focused	focus	VERB
cblr-1216	199	6	on	on	ADP
cblr-1216	199	7	broken	break	VERB
cblr-1216	199	8	deal	deal	NOUN
cblr-1216	199	9	expenses	expense	NOUN
cblr-1216	199	10	incurred	incur	VERB
cblr-1216	199	11	in	in	ADP
cblr-1216	199	12	sourcing	source	VERB
cblr-1216	199	13	potential	potential	ADJ
cblr-1216	199	14	investment	investment	NOUN
cblr-1216	199	15	opportunities	opportunity	NOUN
cblr-1216	199	16	that	that	PRON
cblr-1216	199	17	were	be	AUX
cblr-1216	199	18	never	never	ADV
cblr-1216	199	19	consummated	consummate	VERB
cblr-1216	199	20	.	.	PUNCT
cblr-1216	200	1	these	these	DET
cblr-1216	200	2	expenses	expense	NOUN
cblr-1216	200	3	included	include	VERB
cblr-1216	200	4	“	"	PUNCT
cblr-1216	200	5	research	research	NOUN
cblr-1216	200	6	costs	cost	NOUN
cblr-1216	200	7	,	,	PUNCT
cblr-1216	200	8	travel	travel	NOUN
cblr-1216	200	9	costs	cost	NOUN
cblr-1216	200	10	and	and	CCONJ
cblr-1216	200	11	professional	professional	ADJ
cblr-1216	200	12	fees	fee	NOUN
cblr-1216	200	13	,	,	PUNCT
cblr-1216	200	14	and	and	CCONJ
cblr-1216	200	15	other	other	ADJ
cblr-1216	200	16	expenses	expense	NOUN
cblr-1216	200	17	”	"	PUNCT
cblr-1216	200	18	for	for	ADP
cblr-1216	200	19	deals	deal	NOUN
cblr-1216	200	20	that	that	PRON
cblr-1216	200	21	do	do	AUX
cblr-1216	200	22	not	not	PART
cblr-1216	200	23	materialize.57	materialize.57	VERB
cblr-1216	200	24	when	when	SCONJ
cblr-1216	200	25	a	a	DET
cblr-1216	200	26	deal	deal	NOUN
cblr-1216	200	27	is	be	AUX
cblr-1216	200	28	consummated	consummate	VERB
cblr-1216	200	29	,	,	PUNCT
cblr-1216	200	30	50	50	NUM
cblr-1216	200	31	kohlberg	kohlberg	PROPN
cblr-1216	200	32	kravis	kravis	PROPN
cblr-1216	200	33	roberts	roberts	PROPN
cblr-1216	200	34	&	&	CCONJ
cblr-1216	200	35	co.	co.	PROPN
cblr-1216	200	36	,	,	PUNCT
cblr-1216	200	37	investment	investment	NOUN
cblr-1216	200	38	advisers	adviser	NOUN
cblr-1216	200	39	act	act	VERB
cblr-1216	200	40	release	release	VERB
cblr-1216	200	41	no	no	NOUN
cblr-1216	200	42	.	.	NOUN
cblr-1216	200	43	4131	4131	NUM
cblr-1216	200	44	,	,	PUNCT
cblr-1216	200	45	2015	2015	NUM
cblr-1216	200	46	wl	wl	NOUN
cblr-1216	200	47	3941621	3941621	NUM
cblr-1216	200	48	,	,	PUNCT
cblr-1216	200	49	at	at	ADP
cblr-1216	200	50	*	*	NOUN
cblr-1216	200	51	1	1	NUM
cblr-1216	200	52	(	(	PUNCT
cblr-1216	200	53	june	june	PROPN
cblr-1216	200	54	29	29	NUM
cblr-1216	200	55	,	,	PUNCT
cblr-1216	200	56	2015	2015	NUM
cblr-1216	200	57	)	)	PUNCT
cblr-1216	200	58	.	.	PUNCT
cblr-1216	201	1	51	51	NUM
cblr-1216	202	1	i	i	PRON
cblr-1216	202	2	d.	d.	PROPN
cblr-1216	202	3	at	at	ADP
cblr-1216	202	4	*	*	PROPN
cblr-1216	202	5	3	3	NUM
cblr-1216	202	6	.	.	NUM
cblr-1216	202	7	52	52	NUM
cblr-1216	203	1	i	i	PRON
cblr-1216	203	2	d.	d.	PROPN
cblr-1216	203	3	53	53	NUM
cblr-1216	204	1	i	i	PRON
cblr-1216	204	2	d.	d.	PROPN
cblr-1216	204	3	54	54	NUM
cblr-1216	205	1	i	i	PRON
cblr-1216	205	2	d.	d.	PROPN
cblr-1216	205	3	55	55	NUM
cblr-1216	206	1	i	i	PRON
cblr-1216	206	2	d.	d.	PROPN
cblr-1216	206	3	56	56	NUM
cblr-1216	207	1	i	i	PRON
cblr-1216	207	2	d.	d.	PROPN
cblr-1216	207	3	57	57	NUM
cblr-1216	208	1	i	i	PRON
cblr-1216	208	2	d.	d.	PROPN
cblr-1216	208	3	at	at	ADP
cblr-1216	208	4	*	*	PROPN
cblr-1216	208	5	4	4	NUM
cblr-1216	208	6	.	.	PUNCT
cblr-1216	209	1	nadler_final	nadler_final	PROPN
cblr-1216	209	2	no	no	NOUN
cblr-1216	209	3	.	.	PUNCT
cblr-1216	210	1	1:254	1:254	NUM
cblr-1216	210	2	]	]	X
cblr-1216	210	3	federal	federal	ADJ
cblr-1216	210	4	fiduciary	fiduciary	ADJ
cblr-1216	210	5	duties	duty	NOUN
cblr-1216	210	6	and	and	CCONJ
cblr-1216	210	7	private	private	ADJ
cblr-1216	210	8	equity	equity	NOUN
cblr-1216	210	9	267	267	NUM
cblr-1216	210	10	the	the	DET
cblr-1216	210	11	new	new	ADJ
cblr-1216	210	12	portfolio	portfolio	NOUN
cblr-1216	210	13	company	company	NOUN
cblr-1216	210	14	reimburses	reimburse	VERB
cblr-1216	210	15	kkr	kkr	PROPN
cblr-1216	210	16	for	for	ADP
cblr-1216	210	17	expenses	expense	NOUN
cblr-1216	210	18	.	.	PUNCT
cblr-1216	211	1	however	however	ADV
cblr-1216	211	2	,	,	PUNCT
cblr-1216	211	3	when	when	SCONJ
cblr-1216	211	4	a	a	DET
cblr-1216	211	5	deal	deal	NOUN
cblr-1216	211	6	does	do	AUX
cblr-1216	211	7	not	not	PART
cblr-1216	211	8	occur	occur	VERB
cblr-1216	211	9	,	,	PUNCT
cblr-1216	211	10	it	it	PRON
cblr-1216	211	11	is	be	AUX
cblr-1216	211	12	industry	industry	NOUN
cblr-1216	211	13	practice	practice	NOUN
cblr-1216	211	14	for	for	ADP
cblr-1216	211	15	the	the	DET
cblr-1216	211	16	fund	fund	NOUN
cblr-1216	211	17	(	(	PUNCT
cblr-1216	211	18	including	include	VERB
cblr-1216	211	19	limited	limited	ADJ
cblr-1216	211	20	partnership	partnership	NOUN
cblr-1216	211	21	contributions	contribution	NOUN
cblr-1216	211	22	)	)	PUNCT
cblr-1216	211	23	to	to	PART
cblr-1216	211	24	reimburse	reimburse	VERB
cblr-1216	211	25	the	the	DET
cblr-1216	211	26	fund	fund	NOUN
cblr-1216	211	27	sponsor	sponsor	NOUN
cblr-1216	211	28	for	for	ADP
cblr-1216	211	29	these	these	DET
cblr-1216	211	30	expenses	expense	NOUN
cblr-1216	211	31	.	.	PUNCT
cblr-1216	212	1	consistent	consistent	ADJ
cblr-1216	212	2	with	with	ADP
cblr-1216	212	3	this	this	DET
cblr-1216	212	4	practice	practice	NOUN
cblr-1216	212	5	,	,	PUNCT
cblr-1216	212	6	the	the	DET
cblr-1216	212	7	relevant	relevant	ADJ
cblr-1216	212	8	lpa	lpa	PROPN
cblr-1216	212	9	required	require	VERB
cblr-1216	212	10	“	"	PUNCT
cblr-1216	212	11	the	the	DET
cblr-1216	212	12	fund	fund	NOUN
cblr-1216	212	13	to	to	PART
cblr-1216	212	14	pay	pay	VERB
cblr-1216	212	15	‘	'	PUNCT
cblr-1216	212	16	all	all	DET
cblr-1216	212	17	’	'	PUNCT
cblr-1216	212	18	broken	broken	ADJ
cblr-1216	212	19	deal	deal	NOUN
cblr-1216	212	20	expenses	expense	NOUN
cblr-1216	212	21	‘	'	PUNCT
cblr-1216	212	22	incurred	incur	VERB
cblr-1216	212	23	by	by	ADP
cblr-1216	212	24	or	or	CCONJ
cblr-1216	212	25	on	on	ADP
cblr-1216	212	26	behalf	behalf	NOUN
cblr-1216	212	27	of	of	ADP
cblr-1216	212	28	’	'	PUNCT
cblr-1216	212	29	the	the	DET
cblr-1216	212	30	fund	fund	NOUN
cblr-1216	212	31	‘	'	PUNCT
cblr-1216	212	32	in	in	ADP
cblr-1216	212	33	developing	develop	VERB
cblr-1216	212	34	,	,	PUNCT
cblr-1216	212	35	negotiating	negotiate	VERB
cblr-1216	212	36	and	and	CCONJ
cblr-1216	212	37	structuring	structure	VERB
cblr-1216	212	38	prospective	prospective	ADJ
cblr-1216	212	39	or	or	CCONJ
cblr-1216	212	40	potential	potential	ADJ
cblr-1216	212	41	[	[	PUNCT
cblr-1216	212	42	i]nvestments	i]nvestment	NOUN
cblr-1216	212	43	that	that	PRON
cblr-1216	212	44	are	be	AUX
cblr-1216	212	45	not	not	PART
cblr-1216	212	46	ultimately	ultimately	ADV
cblr-1216	212	47	made	make	VERB
cblr-1216	212	48	.	.	PUNCT
cblr-1216	212	49	’”58	’”58	PUNCT
cblr-1216	212	50	kkr	kkr	PROPN
cblr-1216	212	51	itself	itself	PRON
cblr-1216	212	52	bore	bear	VERB
cblr-1216	212	53	20	20	NUM
cblr-1216	212	54	%	%	NOUN
cblr-1216	212	55	of	of	ADP
cblr-1216	212	56	broken	broken	ADJ
cblr-1216	212	57	deal	deal	NOUN
cblr-1216	212	58	expenses	expense	NOUN
cblr-1216	212	59	,	,	PUNCT
cblr-1216	212	60	whereas	whereas	SCONJ
cblr-1216	212	61	the	the	DET
cblr-1216	212	62	fund	fund	NOUN
cblr-1216	212	63	bore	bear	VERB
cblr-1216	212	64	80	80	NUM
cblr-1216	212	65	%	%	NOUN
cblr-1216	212	66	of	of	ADP
cblr-1216	212	67	broken	broken	ADJ
cblr-1216	212	68	deal	deal	NOUN
cblr-1216	212	69	expenses	expense	NOUN
cblr-1216	212	70	and	and	CCONJ
cblr-1216	212	71	the	the	DET
cblr-1216	212	72	kkr	kkr	PROPN
cblr-1216	212	73	co	co	PROPN
cblr-1216	212	74	-	-	NOUN
cblr-1216	212	75	investors	investor	NOUN
cblr-1216	212	76	bore	bear	VERB
cblr-1216	212	77	none	none	NOUN
cblr-1216	212	78	of	of	ADP
cblr-1216	212	79	these	these	DET
cblr-1216	212	80	expenses.59	expenses.59	PROPN
cblr-1216	212	81	after	after	ADP
cblr-1216	212	82	an	an	DET
cblr-1216	212	83	internal	internal	ADJ
cblr-1216	212	84	review	review	NOUN
cblr-1216	212	85	and	and	CCONJ
cblr-1216	212	86	a	a	DET
cblr-1216	212	87	review	review	NOUN
cblr-1216	212	88	by	by	ADP
cblr-1216	212	89	a	a	DET
cblr-1216	212	90	third	third	ADJ
cblr-1216	212	91	-	-	PUNCT
cblr-1216	212	92	party	party	NOUN
cblr-1216	212	93	consultant	consultant	NOUN
cblr-1216	212	94	,	,	PUNCT
cblr-1216	212	95	kkr	kkr	PROPN
cblr-1216	212	96	revised	revise	VERB
cblr-1216	212	97	its	its	PRON
cblr-1216	212	98	expense	expense	NOUN
cblr-1216	212	99	allocation	allocation	NOUN
cblr-1216	212	100	methodology	methodology	NOUN
cblr-1216	212	101	effective	effective	ADJ
cblr-1216	212	102	january	january	PROPN
cblr-1216	212	103	1	1	NUM
cblr-1216	212	104	,	,	PUNCT
cblr-1216	212	105	2012	2012	NUM
cblr-1216	212	106	to	to	PART
cblr-1216	212	107	allocate	allocate	VERB
cblr-1216	212	108	a	a	DET
cblr-1216	212	109	share	share	NOUN
cblr-1216	212	110	of	of	ADP
cblr-1216	212	111	broken	broken	ADJ
cblr-1216	212	112	deal	deal	NOUN
cblr-1216	212	113	expenses	expense	NOUN
cblr-1216	212	114	to	to	ADP
cblr-1216	212	115	the	the	DET
cblr-1216	212	116	kkr	kkr	PROPN
cblr-1216	212	117	co	co	NOUN
cblr-1216	212	118	-	-	NOUN
cblr-1216	212	119	investors	investor	NOUN
cblr-1216	212	120	.	.	PUNCT
cblr-1216	213	1	the	the	DET
cblr-1216	213	2	new	new	ADJ
cblr-1216	213	3	methodology	methodology	NOUN
cblr-1216	213	4	considered	consider	VERB
cblr-1216	213	5	a	a	DET
cblr-1216	213	6	number	number	NOUN
cblr-1216	213	7	of	of	ADP
cblr-1216	213	8	factors	factor	NOUN
cblr-1216	213	9	,	,	PUNCT
cblr-1216	213	10	including	include	VERB
cblr-1216	213	11	“	"	PUNCT
cblr-1216	213	12	the	the	DET
cblr-1216	213	13	amount	amount	NOUN
cblr-1216	213	14	of	of	ADP
cblr-1216	213	15	committed	committed	ADJ
cblr-1216	213	16	capital	capital	NOUN
cblr-1216	213	17	,	,	PUNCT
cblr-1216	213	18	the	the	DET
cblr-1216	213	19	amount	amount	NOUN
cblr-1216	213	20	of	of	ADP
cblr-1216	213	21	invested	invest	VERB
cblr-1216	213	22	capital	capital	NOUN
cblr-1216	213	23	,	,	PUNCT
cblr-1216	213	24	and	and	CCONJ
cblr-1216	213	25	the	the	DET
cblr-1216	213	26	percentage	percentage	NOUN
cblr-1216	213	27	of	of	ADP
cblr-1216	213	28	transactions	transaction	NOUN
cblr-1216	213	29	in	in	ADP
cblr-1216	213	30	which	which	PRON
cblr-1216	213	31	kkr	kkr	PROPN
cblr-1216	213	32	coinvestors	coinvestor	VERB
cblr-1216	214	1	[	[	X
cblr-1216	214	2	sic	sic	ADJ
cblr-1216	214	3	]	]	PUNCT
cblr-1216	214	4	were	be	AUX
cblr-1216	214	5	eligible	eligible	ADJ
cblr-1216	214	6	to	to	PART
cblr-1216	214	7	participate	participate	VERB
cblr-1216	214	8	given	give	VERB
cblr-1216	214	9	the	the	DET
cblr-1216	214	10	flagship	flagship	NOUN
cblr-1216	214	11	pe	pe	PROPN
cblr-1216	214	12	funds	fund	NOUN
cblr-1216	214	13	’	'	PUNCT
cblr-1216	214	14	minimum	minimum	ADJ
cblr-1216	214	15	investment	investment	NOUN
cblr-1216	214	16	rights	right	NOUN
cblr-1216	214	17	.	.	PUNCT
cblr-1216	215	1	”60	”60	PROPN
cblr-1216	216	1	the	the	PRON
cblr-1216	216	2	sec	sec	PROPN
cblr-1216	216	3	targeted	target	VERB
cblr-1216	216	4	kkr	kkr	PROPN
cblr-1216	216	5	’s	’s	PART
cblr-1216	216	6	broken	break	VERB
cblr-1216	216	7	deal	deal	NOUN
cblr-1216	216	8	expense	expense	NOUN
cblr-1216	216	9	allocation	allocation	NOUN
cblr-1216	216	10	from	from	ADP
cblr-1216	216	11	before	before	SCONJ
cblr-1216	216	12	kkr	kkr	PROPN
cblr-1216	216	13	adopted	adopt	VERB
cblr-1216	216	14	its	its	PRON
cblr-1216	216	15	new	new	ADJ
cblr-1216	216	16	policy	policy	NOUN
cblr-1216	216	17	.	.	PUNCT
cblr-1216	217	1	the	the	DET
cblr-1216	217	2	commission	commission	NOUN
cblr-1216	217	3	noted	note	VERB
cblr-1216	217	4	that	that	SCONJ
cblr-1216	217	5	kkr	kkr	PROPN
cblr-1216	217	6	“	"	PUNCT
cblr-1216	217	7	did	do	AUX
cblr-1216	217	8	not	not	PART
cblr-1216	217	9	allocate	allocate	VERB
cblr-1216	217	10	any	any	DET
cblr-1216	217	11	share	share	NOUN
cblr-1216	217	12	of	of	ADP
cblr-1216	217	13	broken	broken	ADJ
cblr-1216	217	14	deal	deal	NOUN
cblr-1216	217	15	expenses	expense	NOUN
cblr-1216	217	16	to	to	ADP
cblr-1216	217	17	kkr	kkr	PROPN
cblr-1216	217	18	co	co	PROPN
cblr-1216	217	19	-	-	NOUN
cblr-1216	217	20	investors	investor	NOUN
cblr-1216	217	21	.	.	PUNCT
cblr-1216	217	22	.	.	PUNCT
cblr-1216	217	23	.	.	PUNCT
cblr-1216	218	1	for	for	ADP
cblr-1216	218	2	the	the	DET
cblr-1216	218	3	relevant	relevant	ADJ
cblr-1216	218	4	period	period	NOUN
cblr-1216	218	5	even	even	ADV
cblr-1216	218	6	though	though	SCONJ
cblr-1216	218	7	kkr	kkr	PROPN
cblr-1216	218	8	co	co	PROPN
cblr-1216	218	9	-	-	NOUN
cblr-1216	218	10	investors	investor	NOUN
cblr-1216	218	11	participated	participate	VERB
cblr-1216	218	12	in	in	ADP
cblr-1216	218	13	and	and	CCONJ
cblr-1216	218	14	benefited	benefit	VERB
cblr-1216	218	15	from	from	ADP
cblr-1216	218	16	kkr	kkr	PROPN
cblr-1216	218	17	’s	’s	PART
cblr-1216	218	18	general	general	ADJ
cblr-1216	218	19	sourcing	sourcing	NOUN
cblr-1216	218	20	of	of	ADP
cblr-1216	218	21	transactions	transaction	NOUN
cblr-1216	218	22	.	.	PUNCT
cblr-1216	219	1	”61	”61	NOUN
cblr-1216	219	2	it	it	PRON
cblr-1216	219	3	charged	charge	VERB
cblr-1216	219	4	that	that	SCONJ
cblr-1216	219	5	kkr	kkr	PROPN
cblr-1216	219	6	did	do	AUX
cblr-1216	219	7	not	not	PART
cblr-1216	219	8	“	"	PUNCT
cblr-1216	219	9	expressly	expressly	ADV
cblr-1216	219	10	disclose	disclose	VERB
cblr-1216	219	11	in	in	ADP
cblr-1216	219	12	the	the	DET
cblr-1216	219	13	lpas	lpa	NOUN
cblr-1216	219	14	or	or	CCONJ
cblr-1216	219	15	related	relate	VERB
cblr-1216	219	16	offering	offering	NOUN
cblr-1216	219	17	materials	material	NOUN
cblr-1216	219	18	that	that	SCONJ
cblr-1216	219	19	it	it	PRON
cblr-1216	219	20	did	do	AUX
cblr-1216	219	21	not	not	PART
cblr-1216	219	22	allocate	allocate	VERB
cblr-1216	219	23	or	or	CCONJ
cblr-1216	219	24	attribute	attribute	VERB
cblr-1216	219	25	any	any	DET
cblr-1216	219	26	broken	broken	ADJ
cblr-1216	219	27	deal	deal	NOUN
cblr-1216	219	28	expenses	expense	NOUN
cblr-1216	219	29	to	to	ADP
cblr-1216	219	30	kkr	kkr	PROPN
cblr-1216	219	31	co	co	PROPN
cblr-1216	219	32	-	-	NOUN
cblr-1216	219	33	investors	investor	NOUN
cblr-1216	219	34	.	.	PUNCT
cblr-1216	220	1	”62	”62	PUNCT
cblr-1216	221	1	“	"	PUNCT
cblr-1216	221	2	as	as	ADP
cblr-1216	221	3	a	a	DET
cblr-1216	221	4	result	result	NOUN
cblr-1216	221	5	of	of	ADP
cblr-1216	221	6	the	the	DET
cblr-1216	221	7	absence	absence	NOUN
cblr-1216	221	8	of	of	ADP
cblr-1216	221	9	such	such	ADJ
cblr-1216	221	10	disclosure	disclosure	NOUN
cblr-1216	221	11	,	,	PUNCT
cblr-1216	221	12	”	"	PUNCT
cblr-1216	221	13	the	the	DET
cblr-1216	221	14	order	order	NOUN
cblr-1216	221	15	reads	read	VERB
cblr-1216	221	16	,	,	PUNCT
cblr-1216	221	17	“	"	PUNCT
cblr-1216	221	18	kkr	kkr	PROPN
cblr-1216	221	19	misallocated	misallocate	VERB
cblr-1216	221	20	$	$	SYM
cblr-1216	221	21	17.4	17.4	NUM
cblr-1216	221	22	million	million	NUM
cblr-1216	221	23	in	in	ADP
cblr-1216	221	24	broken	broken	ADJ
cblr-1216	221	25	deal	deal	NOUN
cblr-1216	221	26	expenses	expense	NOUN
cblr-1216	221	27	.	.	PUNCT
cblr-1216	221	28	.	.	PUNCT
cblr-1216	221	29	.	.	PUNCT
cblr-1216	222	1	and	and	CCONJ
cblr-1216	222	2	,	,	PUNCT
cblr-1216	222	3	thus	thus	ADV
cblr-1216	222	4	,	,	PUNCT
cblr-1216	222	5	breached	breach	VERB
cblr-1216	222	6	its	its	PRON
cblr-1216	222	7	fiduciary	fiduciary	ADJ
cblr-1216	222	8	duty	duty	NOUN
cblr-1216	222	9	as	as	ADP
cblr-1216	222	10	an	an	DET
cblr-1216	222	11	investment	investment	NOUN
cblr-1216	222	12	adviser	adviser	NOUN
cblr-1216	222	13	.	.	PUNCT
cblr-1216	223	1	”63	”63	PROPN
cblr-1216	223	2	58	58	NUM
cblr-1216	224	1	i	i	PRON
cblr-1216	224	2	d.	d.	PROPN
cblr-1216	224	3	59	59	NUM
cblr-1216	225	1	i	i	PRON
cblr-1216	225	2	d.	d.	PROPN
cblr-1216	225	3	60	60	NUM
cblr-1216	226	1	i	i	PRON
cblr-1216	226	2	d.	d.	VERB
cblr-1216	226	3	at	at	ADP
cblr-1216	226	4	*	*	PROPN
cblr-1216	226	5	5	5	NUM
cblr-1216	226	6	.	.	NOUN
cblr-1216	226	7	61	61	NUM
cblr-1216	227	1	i	i	PRON
cblr-1216	227	2	d.	d.	PROPN
cblr-1216	227	3	62	62	NUM
cblr-1216	228	1	i	i	PRON
cblr-1216	228	2	d.	d.	PROPN
cblr-1216	228	3	63	63	NUM
cblr-1216	229	1	i	i	PRON
cblr-1216	229	2	d.	d.	PROPN
cblr-1216	229	3	nadler_final	nadler_final	PROPN
cblr-1216	229	4	268	268	NUM
cblr-1216	229	5	columbia	columbia	PROPN
cblr-1216	229	6	business	business	NOUN
cblr-1216	229	7	law	law	PROPN
cblr-1216	229	8	review	review	NOUN
cblr-1216	229	9	[	[	X
cblr-1216	229	10	vol	vol	NOUN
cblr-1216	229	11	.	.	NOUN
cblr-1216	229	12	2018	2018	NUM
cblr-1216	230	1	the	the	DET
cblr-1216	230	2	sec	sec	PROPN
cblr-1216	230	3	premised	premise	VERB
cblr-1216	230	4	liability	liability	NOUN
cblr-1216	230	5	on	on	ADP
cblr-1216	230	6	section	section	NOUN
cblr-1216	230	7	206(2	206(2	NUM
cblr-1216	230	8	)	)	PUNCT
cblr-1216	230	9	of	of	ADP
cblr-1216	230	10	the	the	DET
cblr-1216	230	11	iaa	iaa	NOUN
cblr-1216	230	12	,	,	PUNCT
cblr-1216	230	13	which	which	PRON
cblr-1216	230	14	prohibits	prohibit	VERB
cblr-1216	230	15	an	an	DET
cblr-1216	230	16	investment	investment	NOUN
cblr-1216	230	17	adviser	adviser	NOUN
cblr-1216	230	18	from	from	ADP
cblr-1216	230	19	engaging	engage	VERB
cblr-1216	230	20	“	"	PUNCT
cblr-1216	230	21	in	in	ADP
cblr-1216	230	22	any	any	DET
cblr-1216	230	23	transaction	transaction	NOUN
cblr-1216	230	24	,	,	PUNCT
cblr-1216	230	25	practice	practice	NOUN
cblr-1216	230	26	,	,	PUNCT
cblr-1216	230	27	or	or	CCONJ
cblr-1216	230	28	course	course	NOUN
cblr-1216	230	29	of	of	ADP
cblr-1216	230	30	business	business	NOUN
cblr-1216	230	31	which	which	PRON
cblr-1216	230	32	operates	operate	VERB
cblr-1216	230	33	as	as	ADP
cblr-1216	230	34	a	a	DET
cblr-1216	230	35	fraud	fraud	NOUN
cblr-1216	230	36	or	or	CCONJ
cblr-1216	230	37	deceit	deceit	NOUN
cblr-1216	230	38	upon	upon	SCONJ
cblr-1216	230	39	any	any	DET
cblr-1216	230	40	client	client	NOUN
cblr-1216	230	41	or	or	CCONJ
cblr-1216	230	42	prospective	prospective	ADJ
cblr-1216	230	43	client	client	NOUN
cblr-1216	230	44	.	.	PUNCT
cblr-1216	231	1	”64	”64	PROPN
cblr-1216	231	2	the	the	DET
cblr-1216	231	3	sec	sec	PROPN
cblr-1216	231	4	referred	refer	VERB
cblr-1216	231	5	to	to	ADP
cblr-1216	231	6	steadman	steadman	NOUN
cblr-1216	231	7	and	and	CCONJ
cblr-1216	231	8	capital	capital	NOUN
cblr-1216	231	9	gains	gain	NOUN
cblr-1216	231	10	when	when	SCONJ
cblr-1216	231	11	asserting	assert	VERB
cblr-1216	231	12	“	"	PUNCT
cblr-1216	231	13	[	[	X
cblr-1216	231	14	a	a	X
cblr-1216	231	15	]	]	X
cblr-1216	231	16	violation	violation	NOUN
cblr-1216	231	17	of	of	ADP
cblr-1216	231	18	section	section	NOUN
cblr-1216	231	19	206(2	206(2	NUM
cblr-1216	231	20	)	)	PUNCT
cblr-1216	231	21	may	may	AUX
cblr-1216	231	22	rest	rest	VERB
cblr-1216	231	23	on	on	ADP
cblr-1216	231	24	a	a	DET
cblr-1216	231	25	finding	finding	NOUN
cblr-1216	231	26	of	of	ADP
cblr-1216	231	27	simple	simple	ADJ
cblr-1216	231	28	negligence	negligence	NOUN
cblr-1216	231	29	.	.	PUNCT
cblr-1216	232	1	”65	”65	NOUN
cblr-1216	232	2	this	this	PRON
cblr-1216	232	3	is	be	AUX
cblr-1216	232	4	the	the	DET
cblr-1216	232	5	only	only	ADJ
cblr-1216	232	6	citation	citation	NOUN
cblr-1216	232	7	to	to	PART
cblr-1216	232	8	case	case	VERB
cblr-1216	232	9	law	law	NOUN
cblr-1216	232	10	in	in	ADP
cblr-1216	232	11	the	the	DET
cblr-1216	232	12	order	order	NOUN
cblr-1216	232	13	,	,	PUNCT
cblr-1216	232	14	and	and	CCONJ
cblr-1216	232	15	without	without	ADP
cblr-1216	232	16	further	further	ADJ
cblr-1216	232	17	elaboration	elaboration	NOUN
cblr-1216	232	18	,	,	PUNCT
cblr-1216	232	19	kkr	kkr	PROPN
cblr-1216	232	20	agreed	agree	VERB
cblr-1216	232	21	to	to	PART
cblr-1216	232	22	pay	pay	VERB
cblr-1216	232	23	a	a	DET
cblr-1216	232	24	$	$	SYM
cblr-1216	232	25	10	10	NUM
cblr-1216	232	26	million	million	NUM
cblr-1216	232	27	civil	civil	ADJ
cblr-1216	232	28	monetary	monetary	ADJ
cblr-1216	232	29	penalty	penalty	NOUN
cblr-1216	232	30	as	as	ADV
cblr-1216	232	31	well	well	ADV
cblr-1216	232	32	as	as	ADP
cblr-1216	232	33	reimburse	reimburse	VERB
cblr-1216	232	34	the	the	DET
cblr-1216	232	35	fund	fund	NOUN
cblr-1216	232	36	for	for	ADP
cblr-1216	232	37	$	$	SYM
cblr-1216	232	38	14,165,968	14,165,968	NUM
cblr-1216	232	39	plus	plus	CCONJ
cblr-1216	232	40	interest.66	interest.66	NOUN
cblr-1216	232	41	2	2	NUM
cblr-1216	232	42	.	.	PUNCT
cblr-1216	233	1	blackstone	blackstone	PROPN
cblr-1216	233	2	the	the	DET
cblr-1216	233	3	sec	sec	PROPN
cblr-1216	233	4	instituted	institute	VERB
cblr-1216	233	5	an	an	DET
cblr-1216	233	6	enforcement	enforcement	NOUN
cblr-1216	233	7	action	action	NOUN
cblr-1216	233	8	against	against	ADP
cblr-1216	233	9	blackstone	blackstone	NOUN
cblr-1216	233	10	and	and	CCONJ
cblr-1216	233	11	its	its	PRON
cblr-1216	233	12	affiliate	affiliate	NOUN
cblr-1216	233	13	entities	entity	NOUN
cblr-1216	233	14	for	for	ADP
cblr-1216	233	15	failing	fail	VERB
cblr-1216	233	16	to	to	PART
cblr-1216	233	17	disclose	disclose	VERB
cblr-1216	233	18	accelerated	accelerate	VERB
cblr-1216	233	19	monitoring	monitoring	NOUN
cblr-1216	233	20	fees	fee	NOUN
cblr-1216	233	21	as	as	ADV
cblr-1216	233	22	well	well	ADV
cblr-1216	233	23	as	as	ADP
cblr-1216	233	24	failing	fail	VERB
cblr-1216	233	25	to	to	PART
cblr-1216	233	26	disclose	disclose	VERB
cblr-1216	233	27	a	a	DET
cblr-1216	233	28	discount	discount	NOUN
cblr-1216	233	29	on	on	ADP
cblr-1216	233	30	legal	legal	ADJ
cblr-1216	233	31	services	service	NOUN
cblr-1216	233	32	negotiated	negotiate	VERB
cblr-1216	233	33	as	as	ADP
cblr-1216	233	34	part	part	NOUN
cblr-1216	233	35	of	of	ADP
cblr-1216	233	36	a	a	DET
cblr-1216	233	37	single	single	ADJ
cblr-1216	233	38	legal	legal	ADJ
cblr-1216	233	39	services	service	NOUN
cblr-1216	233	40	arrangement	arrangement	NOUN
cblr-1216	233	41	for	for	ADP
cblr-1216	233	42	itself	itself	PRON
cblr-1216	233	43	and	and	CCONJ
cblr-1216	233	44	the	the	DET
cblr-1216	233	45	funds.67	funds.67	NOUN
cblr-1216	233	46	accelerated	accelerate	VERB
cblr-1216	233	47	monitoring	monitoring	NOUN
cblr-1216	233	48	fees	fee	NOUN
cblr-1216	233	49	(	(	PUNCT
cblr-1216	233	50	paid	pay	VERB
cblr-1216	233	51	to	to	ADP
cblr-1216	233	52	blackstone	blackstone	NOUN
cblr-1216	233	53	)	)	PUNCT
cblr-1216	233	54	reflect	reflect	VERB
cblr-1216	233	55	the	the	DET
cblr-1216	233	56	foregone	foregone	NOUN
cblr-1216	233	57	future	future	ADJ
cblr-1216	233	58	revenues	revenue	NOUN
cblr-1216	233	59	of	of	ADP
cblr-1216	233	60	a	a	DET
cblr-1216	233	61	private	private	ADJ
cblr-1216	233	62	equity	equity	NOUN
cblr-1216	233	63	sponsor	sponsor	NOUN
cblr-1216	233	64	when	when	SCONJ
cblr-1216	233	65	it	it	PRON
cblr-1216	233	66	sells	sell	VERB
cblr-1216	233	67	or	or	CCONJ
cblr-1216	233	68	takes	take	VERB
cblr-1216	233	69	public	public	ADJ
cblr-1216	233	70	a	a	DET
cblr-1216	233	71	portfolio	portfolio	NOUN
cblr-1216	233	72	company	company	NOUN
cblr-1216	233	73	.	.	PUNCT
cblr-1216	234	1	for	for	ADP
cblr-1216	234	2	each	each	DET
cblr-1216	234	3	portfolio	portfolio	NOUN
cblr-1216	234	4	company	company	NOUN
cblr-1216	234	5	owned	own	VERB
cblr-1216	234	6	by	by	ADP
cblr-1216	234	7	a	a	DET
cblr-1216	234	8	blackstone	blackstone	NOUN
cblr-1216	234	9	-	-	PUNCT
cblr-1216	234	10	advised	advise	VERB
cblr-1216	234	11	fund	fund	NOUN
cblr-1216	234	12	,	,	PUNCT
cblr-1216	234	13	blackstone	blackstone	NOUN
cblr-1216	234	14	generally	generally	ADV
cblr-1216	234	15	enters	enter	VERB
cblr-1216	234	16	into	into	ADP
cblr-1216	234	17	monitoring	monitor	VERB
cblr-1216	234	18	agreements	agreement	NOUN
cblr-1216	234	19	with	with	ADP
cblr-1216	234	20	that	that	DET
cblr-1216	234	21	company	company	NOUN
cblr-1216	234	22	to	to	PART
cblr-1216	234	23	provide	provide	VERB
cblr-1216	234	24	consulting	consulting	NOUN
cblr-1216	234	25	and	and	CCONJ
cblr-1216	234	26	advisory	advisory	ADJ
cblr-1216	234	27	services	service	NOUN
cblr-1216	234	28	in	in	ADP
cblr-1216	234	29	exchange	exchange	NOUN
cblr-1216	234	30	for	for	ADP
cblr-1216	234	31	a	a	DET
cblr-1216	234	32	fee.68	fee.68	ADJ
cblr-1216	234	33	this	this	DET
cblr-1216	234	34	practice	practice	NOUN
cblr-1216	234	35	“	"	PUNCT
cblr-1216	234	36	is	be	AUX
cblr-1216	234	37	disclosed	disclose	VERB
cblr-1216	234	38	and	and	CCONJ
cblr-1216	234	39	authorized	authorize	VERB
cblr-1216	234	40	in	in	ADP
cblr-1216	234	41	various	various	ADJ
cblr-1216	234	42	pre	pre	ADJ
cblr-1216	234	43	-	-	ADJ
cblr-1216	234	44	commitment	commitment	ADJ
cblr-1216	234	45	fund	fund	NOUN
cblr-1216	234	46	documents	document	NOUN
cblr-1216	234	47	,	,	PUNCT
cblr-1216	234	48	including	include	VERB
cblr-1216	234	49	private	private	ADJ
cblr-1216	234	50	placement	placement	NOUN
cblr-1216	234	51	memoranda	memoranda	NOUN
cblr-1216	234	52	,	,	PUNCT
cblr-1216	234	53	lpas	lpa	NOUN
cblr-1216	234	54	,	,	PUNCT
cblr-1216	234	55	and	and	CCONJ
cblr-1216	234	56	investment	investment	NOUN
cblr-1216	234	57	advisory	advisory	ADJ
cblr-1216	234	58	agreements	agreement	NOUN
cblr-1216	234	59	.	.	PUNCT
cblr-1216	235	1	”69	”69	VERB
cblr-1216	235	2	blackstone	blackstone	PROPN
cblr-1216	235	3	’s	’s	PART
cblr-1216	235	4	monitoring	monitoring	NOUN
cblr-1216	235	5	agreements	agreement	NOUN
cblr-1216	235	6	provided	provide	VERB
cblr-1216	235	7	for	for	ADP
cblr-1216	235	8	the	the	DET
cblr-1216	235	9	acceleration	acceleration	NOUN
cblr-1216	235	10	of	of	ADP
cblr-1216	235	11	monitoring	monitor	VERB
cblr-1216	235	12	fees	fee	NOUN
cblr-1216	235	13	upon	upon	SCONJ
cblr-1216	235	14	the	the	DET
cblr-1216	235	15	sale	sale	NOUN
cblr-1216	235	16	or	or	CCONJ
cblr-1216	235	17	initial	initial	ADJ
cblr-1216	235	18	public	public	ADJ
cblr-1216	235	19	offering	offering	NOUN
cblr-1216	235	20	(	(	PUNCT
cblr-1216	235	21	“	"	PUNCT
cblr-1216	235	22	ipo	ipo	NOUN
cblr-1216	235	23	”	"	PUNCT
cblr-1216	235	24	)	)	PUNCT
cblr-1216	235	25	of	of	ADP
cblr-1216	235	26	a	a	DET
cblr-1216	235	27	portfolio	portfolio	NOUN
cblr-1216	235	28	company	company	NOUN
cblr-1216	235	29	before	before	ADP
cblr-1216	235	30	the	the	DET
cblr-1216	235	31	expiration	expiration	NOUN
cblr-1216	235	32	64	64	NUM
cblr-1216	235	33	i	i	PRON
cblr-1216	235	34	d.	d.	VERB
cblr-1216	235	35	at	at	ADP
cblr-1216	235	36	*	*	PROPN
cblr-1216	235	37	6	6	NUM
cblr-1216	235	38	.	.	NUM
cblr-1216	235	39	65	65	NUM
cblr-1216	236	1	i	i	PRON
cblr-1216	236	2	d.	d.	PROPN
cblr-1216	236	3	(	(	PUNCT
cblr-1216	236	4	citing	cite	VERB
cblr-1216	236	5	sec	sec	PROPN
cblr-1216	236	6	v.	v.	ADP
cblr-1216	236	7	steadman	steadman	PROPN
cblr-1216	236	8	,	,	PUNCT
cblr-1216	236	9	967	967	NUM
cblr-1216	236	10	f.2d	f.2d	ADP
cblr-1216	236	11	636	636	NUM
cblr-1216	236	12	,	,	PUNCT
cblr-1216	236	13	643	643	NUM
cblr-1216	236	14	n.5	n.5	SYM
cblr-1216	236	15	(	(	PUNCT
cblr-1216	236	16	d.c	d.c	PROPN
cblr-1216	236	17	.	.	PROPN
cblr-1216	236	18	cir	cir	PROPN
cblr-1216	236	19	.	.	PROPN
cblr-1216	236	20	1992	1992	NUM
cblr-1216	236	21	)	)	PUNCT
cblr-1216	236	22	and	and	CCONJ
cblr-1216	236	23	sec	sec	PROPN
cblr-1216	236	24	v.	v.	CCONJ
cblr-1216	236	25	capital	capital	PROPN
cblr-1216	236	26	gains	gain	NOUN
cblr-1216	236	27	research	research	PROPN
cblr-1216	236	28	bureau	bureau	PROPN
cblr-1216	236	29	,	,	PUNCT
cblr-1216	236	30	inc	inc	PROPN
cblr-1216	236	31	.	.	PROPN
cblr-1216	236	32	,	,	PUNCT
cblr-1216	236	33	375	375	NUM
cblr-1216	236	34	u.s	u.s	PROPN
cblr-1216	236	35	.	.	PROPN
cblr-1216	236	36	180	180	NUM
cblr-1216	236	37	,	,	PUNCT
cblr-1216	236	38	195	195	NUM
cblr-1216	236	39	(	(	PUNCT
cblr-1216	236	40	1963	1963	NUM
cblr-1216	236	41	)	)	PUNCT
cblr-1216	236	42	)	)	PUNCT
cblr-1216	236	43	.	.	PUNCT
cblr-1216	237	1	66	66	NUM
cblr-1216	238	1	i	i	PRON
cblr-1216	238	2	d.	d.	VERB
cblr-1216	238	3	at	at	ADP
cblr-1216	238	4	*	*	PROPN
cblr-1216	238	5	6	6	NUM
cblr-1216	238	6	,	,	PUNCT
cblr-1216	238	7	*	*	NOUN
cblr-1216	238	8	8	8	NUM
cblr-1216	238	9	.	.	SYM
cblr-1216	238	10	67	67	NUM
cblr-1216	238	11	blackstone	blackstone	NOUN
cblr-1216	238	12	mgmt	mgmt	PROPN
cblr-1216	238	13	.	.	PUNCT
cblr-1216	239	1	partners	partner	NOUN
cblr-1216	239	2	,	,	PUNCT
cblr-1216	239	3	investment	investment	NOUN
cblr-1216	239	4	advisers	adviser	NOUN
cblr-1216	239	5	act	act	VERB
cblr-1216	239	6	release	release	VERB
cblr-1216	239	7	no	no	NOUN
cblr-1216	239	8	.	.	NOUN
cblr-1216	239	9	4219	4219	NUM
cblr-1216	239	10	,	,	PUNCT
cblr-1216	239	11	2015	2015	NUM
cblr-1216	239	12	wl	wl	NOUN
cblr-1216	239	13	5834037	5834037	NUM
cblr-1216	239	14	,	,	PUNCT
cblr-1216	239	15	at	at	ADP
cblr-1216	239	16	*	*	NOUN
cblr-1216	239	17	1	1	NUM
cblr-1216	239	18	(	(	PUNCT
cblr-1216	239	19	oct	oct	PROPN
cblr-1216	239	20	.	.	PROPN
cblr-1216	239	21	7	7	NUM
cblr-1216	239	22	,	,	PUNCT
cblr-1216	239	23	2015	2015	NUM
cblr-1216	239	24	)	)	PUNCT
cblr-1216	239	25	.	.	PUNCT
cblr-1216	240	1	68	68	NUM
cblr-1216	241	1	i	i	PRON
cblr-1216	241	2	d.	d.	VERB
cblr-1216	241	3	at	at	ADP
cblr-1216	241	4	*	*	PROPN
cblr-1216	241	5	3	3	NUM
cblr-1216	241	6	.	.	NUM
cblr-1216	241	7	69	69	NUM
cblr-1216	242	1	i	i	PRON
cblr-1216	242	2	d.	d.	PROPN
cblr-1216	242	3	nadler_final	nadler_final	PROPN
cblr-1216	242	4	no	no	INTJ
cblr-1216	242	5	.	.	PUNCT
cblr-1216	243	1	1:254	1:254	NUM
cblr-1216	243	2	]	]	X
cblr-1216	243	3	federal	federal	ADJ
cblr-1216	243	4	fiduciary	fiduciary	ADJ
cblr-1216	243	5	duties	duty	NOUN
cblr-1216	243	6	and	and	CCONJ
cblr-1216	243	7	private	private	ADJ
cblr-1216	243	8	equity	equity	NOUN
cblr-1216	243	9	269	269	NUM
cblr-1216	243	10	of	of	ADP
cblr-1216	243	11	the	the	DET
cblr-1216	243	12	monitoring	monitoring	NOUN
cblr-1216	243	13	agreement	agreement	NOUN
cblr-1216	243	14	(	(	PUNCT
cblr-1216	243	15	typically	typically	ADV
cblr-1216	243	16	ten	ten	NUM
cblr-1216	243	17	years).70	years).70	X
cblr-1216	243	18	thus	thus	ADV
cblr-1216	243	19	,	,	PUNCT
cblr-1216	243	20	blackstone	blackstone	NOUN
cblr-1216	243	21	could	could	AUX
cblr-1216	243	22	terminate	terminate	VERB
cblr-1216	243	23	the	the	DET
cblr-1216	243	24	agreement	agreement	NOUN
cblr-1216	243	25	and	and	CCONJ
cblr-1216	243	26	demand	demand	VERB
cblr-1216	243	27	a	a	DET
cblr-1216	243	28	present	present	ADJ
cblr-1216	243	29	value	value	NOUN
cblr-1216	243	30	lump	lump	NOUN
cblr-1216	243	31	sum	sum	NOUN
cblr-1216	243	32	payment	payment	NOUN
cblr-1216	243	33	.	.	PUNCT
cblr-1216	244	1	the	the	DET
cblr-1216	244	2	sec	sec	PROPN
cblr-1216	244	3	claimed	claim	VERB
cblr-1216	244	4	that	that	SCONJ
cblr-1216	244	5	“	"	PUNCT
cblr-1216	244	6	the	the	DET
cblr-1216	244	7	net	net	ADJ
cblr-1216	244	8	amount	amount	NOUN
cblr-1216	244	9	of	of	ADP
cblr-1216	244	10	the	the	DET
cblr-1216	244	11	payments	payment	NOUN
cblr-1216	244	12	.	.	PUNCT
cblr-1216	244	13	.	.	PUNCT
cblr-1216	245	1	.	.	PUNCT
cblr-1216	246	1	reduced	reduce	VERB
cblr-1216	246	2	the	the	DET
cblr-1216	246	3	value	value	NOUN
cblr-1216	246	4	of	of	ADP
cblr-1216	246	5	the	the	DET
cblr-1216	246	6	funds	fund	NOUN
cblr-1216	246	7	’	'	PUNCT
cblr-1216	246	8	assets	asset	NOUN
cblr-1216	246	9	(	(	PUNCT
cblr-1216	246	10	i.e.	i.e.	X
cblr-1216	246	11	,	,	PUNCT
cblr-1216	246	12	the	the	DET
cblr-1216	246	13	portfolio	portfolio	NOUN
cblr-1216	246	14	companies	company	NOUN
cblr-1216	246	15	making	make	VERB
cblr-1216	246	16	the	the	DET
cblr-1216	246	17	accelerated	accelerated	ADJ
cblr-1216	246	18	monitoring	monitoring	NOUN
cblr-1216	246	19	payments	payment	NOUN
cblr-1216	246	20	)	)	PUNCT
cblr-1216	246	21	when	when	SCONJ
cblr-1216	246	22	sold	sell	VERB
cblr-1216	246	23	or	or	CCONJ
cblr-1216	246	24	taken	take	VERB
cblr-1216	246	25	public	public	ADJ
cblr-1216	246	26	,	,	PUNCT
cblr-1216	246	27	thereby	thereby	ADV
cblr-1216	246	28	reducing	reduce	VERB
cblr-1216	246	29	the	the	DET
cblr-1216	246	30	amounts	amount	NOUN
cblr-1216	246	31	available	available	ADJ
cblr-1216	246	32	for	for	ADP
cblr-1216	246	33	distribution	distribution	NOUN
cblr-1216	246	34	to	to	ADP
cblr-1216	246	35	limited	limit	VERB
cblr-1216	246	36	partners	partner	NOUN
cblr-1216	246	37	.	.	PUNCT
cblr-1216	247	1	”71	”71	PROPN
cblr-1216	247	2	the	the	DET
cblr-1216	247	3	sec	sec	PROPN
cblr-1216	247	4	noted	note	VERB
cblr-1216	247	5	that	that	SCONJ
cblr-1216	247	6	while	while	SCONJ
cblr-1216	247	7	blackstone	blackstone	NOUN
cblr-1216	247	8	disclosed	disclose	VERB
cblr-1216	247	9	its	its	PRON
cblr-1216	247	10	ability	ability	NOUN
cblr-1216	247	11	to	to	PART
cblr-1216	247	12	take	take	VERB
cblr-1216	247	13	monitoring	monitoring	NOUN
cblr-1216	247	14	fees	fee	NOUN
cblr-1216	247	15	(	(	PUNCT
cblr-1216	247	16	i.e.	i.e.	X
cblr-1216	247	17	enter	enter	VERB
cblr-1216	247	18	into	into	ADP
cblr-1216	247	19	monitoring	monitor	VERB
cblr-1216	247	20	agreements	agreement	NOUN
cblr-1216	247	21	to	to	PART
cblr-1216	247	22	provide	provide	VERB
cblr-1216	247	23	services	service	NOUN
cblr-1216	247	24	to	to	ADP
cblr-1216	247	25	portfolio	portfolio	NOUN
cblr-1216	247	26	companies	company	NOUN
cblr-1216	247	27	)	)	PUNCT
cblr-1216	247	28	,	,	PUNCT
cblr-1216	247	29	“	"	PUNCT
cblr-1216	247	30	it	it	PRON
cblr-1216	247	31	did	do	AUX
cblr-1216	247	32	not	not	PART
cblr-1216	247	33	disclose	disclose	VERB
cblr-1216	247	34	to	to	ADP
cblr-1216	247	35	the	the	DET
cblr-1216	247	36	funds	fund	NOUN
cblr-1216	247	37	,	,	PUNCT
cblr-1216	247	38	the	the	DET
cblr-1216	247	39	funds	fund	NOUN
cblr-1216	247	40	’	'	PUNCT
cblr-1216	247	41	lpac	lpac	NOUN
cblr-1216	247	42	,	,	PUNCT
cblr-1216	247	43	or	or	CCONJ
cblr-1216	247	44	the	the	DET
cblr-1216	247	45	funds	fund	NOUN
cblr-1216	247	46	’	'	PUNCT
cblr-1216	247	47	limited	limited	ADJ
cblr-1216	247	48	partners	partner	NOUN
cblr-1216	247	49	its	its	PRON
cblr-1216	247	50	practice	practice	NOUN
cblr-1216	247	51	of	of	ADP
cblr-1216	247	52	accelerating	accelerate	VERB
cblr-1216	247	53	monitoring	monitor	VERB
cblr-1216	247	54	fees	fee	NOUN
cblr-1216	247	55	until	until	SCONJ
cblr-1216	247	56	after	after	SCONJ
cblr-1216	247	57	blackstone	blackstone	NOUN
cblr-1216	247	58	had	have	AUX
cblr-1216	247	59	taken	take	VERB
cblr-1216	247	60	accelerated	accelerate	VERB
cblr-1216	247	61	fees	fee	NOUN
cblr-1216	247	62	.	.	PUNCT
cblr-1216	248	1	”72	”72	VERB
cblr-1216	248	2	“	"	PUNCT
cblr-1216	248	3	by	by	ADP
cblr-1216	248	4	the	the	DET
cblr-1216	248	5	time	time	NOUN
cblr-1216	248	6	[	[	X
cblr-1216	248	7	these	these	PRON
cblr-1216	248	8	]	]	PUNCT
cblr-1216	248	9	disclosures	disclosure	NOUN
cblr-1216	248	10	were	be	AUX
cblr-1216	248	11	made	make	VERB
cblr-1216	248	12	,	,	PUNCT
cblr-1216	248	13	the	the	DET
cblr-1216	248	14	limited	limited	ADJ
cblr-1216	248	15	partners	partner	NOUN
cblr-1216	248	16	had	have	AUX
cblr-1216	248	17	already	already	ADV
cblr-1216	248	18	committed	commit	VERB
cblr-1216	248	19	capital	capital	NOUN
cblr-1216	248	20	to	to	ADP
cblr-1216	248	21	the	the	DET
cblr-1216	248	22	funds	fund	NOUN
cblr-1216	248	23	and	and	CCONJ
cblr-1216	248	24	the	the	DET
cblr-1216	248	25	accelerated	accelerated	ADJ
cblr-1216	248	26	fees	fee	NOUN
cblr-1216	248	27	had	have	AUX
cblr-1216	248	28	already	already	ADV
cblr-1216	248	29	been	be	AUX
cblr-1216	248	30	paid	pay	VERB
cblr-1216	248	31	.	.	PUNCT
cblr-1216	249	1	”73	”73	PROPN
cblr-1216	250	1	the	the	DET
cblr-1216	250	2	sec	sec	PROPN
cblr-1216	250	3	conceded	concede	VERB
cblr-1216	250	4	that	that	SCONJ
cblr-1216	250	5	“	"	PUNCT
cblr-1216	250	6	[	[	X
cblr-1216	250	7	t]he	t]he	X
cblr-1216	250	8	lpac	lpac	NOUN
cblr-1216	250	9	of	of	ADP
cblr-1216	250	10	each	each	DET
cblr-1216	250	11	fund	fund	NOUN
cblr-1216	250	12	could	could	AUX
cblr-1216	250	13	have	have	AUX
cblr-1216	250	14	objected	object	VERB
cblr-1216	250	15	and	and	CCONJ
cblr-1216	250	16	arbitrated	arbitrate	VERB
cblr-1216	250	17	over	over	ADP
cblr-1216	250	18	the	the	DET
cblr-1216	250	19	accelerated	accelerate	VERB
cblr-1216	250	20	monitoring	monitoring	NOUN
cblr-1216	250	21	fees	fee	NOUN
cblr-1216	250	22	after	after	SCONJ
cblr-1216	250	23	they	they	PRON
cblr-1216	250	24	had	have	AUX
cblr-1216	250	25	been	be	AUX
cblr-1216	250	26	taken	take	VERB
cblr-1216	250	27	,	,	PUNCT
cblr-1216	250	28	but	but	CCONJ
cblr-1216	250	29	never	never	ADV
cblr-1216	250	30	did	do	VERB
cblr-1216	250	31	.	.	PUNCT
cblr-1216	250	32	”74	”74	PUNCT
cblr-1216	251	1	however	however	ADV
cblr-1216	251	2	,	,	PUNCT
cblr-1216	251	3	the	the	DET
cblr-1216	251	4	commission	commission	NOUN
cblr-1216	251	5	also	also	ADV
cblr-1216	251	6	concluded	conclude	VERB
cblr-1216	251	7	that	that	SCONJ
cblr-1216	251	8	because	because	SCONJ
cblr-1216	251	9	blackstone	blackstone	NOUN
cblr-1216	251	10	had	have	VERB
cblr-1216	251	11	a	a	DET
cblr-1216	251	12	conflict	conflict	NOUN
cblr-1216	251	13	of	of	ADP
cblr-1216	251	14	interest	interest	NOUN
cblr-1216	251	15	as	as	ADP
cblr-1216	251	16	the	the	DET
cblr-1216	251	17	recipient	recipient	NOUN
cblr-1216	251	18	of	of	ADP
cblr-1216	251	19	the	the	DET
cblr-1216	251	20	fees	fee	NOUN
cblr-1216	251	21	,	,	PUNCT
cblr-1216	251	22	it	it	PRON
cblr-1216	251	23	“	"	PUNCT
cblr-1216	251	24	could	could	AUX
cblr-1216	251	25	not	not	PART
cblr-1216	251	26	effectively	effectively	ADV
cblr-1216	251	27	consent	consent	VERB
cblr-1216	251	28	to	to	ADP
cblr-1216	251	29	the	the	DET
cblr-1216	251	30	practice	practice	NOUN
cblr-1216	251	31	on	on	ADP
cblr-1216	251	32	behalf	behalf	NOUN
cblr-1216	251	33	of	of	ADP
cblr-1216	251	34	the	the	DET
cblr-1216	251	35	funds	fund	NOUN
cblr-1216	251	36	.	.	PUNCT
cblr-1216	252	1	”75	”75	NOUN
cblr-1216	252	2	in	in	ADP
cblr-1216	252	3	addition	addition	NOUN
cblr-1216	252	4	to	to	ADP
cblr-1216	252	5	the	the	DET
cblr-1216	252	6	acceleration	acceleration	NOUN
cblr-1216	252	7	of	of	ADP
cblr-1216	252	8	monitoring	monitor	VERB
cblr-1216	252	9	fees	fee	NOUN
cblr-1216	252	10	,	,	PUNCT
cblr-1216	252	11	the	the	DET
cblr-1216	252	12	sec	sec	PROPN
cblr-1216	252	13	took	take	VERB
cblr-1216	252	14	issue	issue	NOUN
cblr-1216	252	15	with	with	ADP
cblr-1216	252	16	blackstone	blackstone	NOUN
cblr-1216	252	17	’s	’s	PART
cblr-1216	252	18	legal	legal	ADJ
cblr-1216	252	19	services	service	NOUN
cblr-1216	252	20	arrangement	arrangement	NOUN
cblr-1216	252	21	.	.	PUNCT
cblr-1216	253	1	blackstone	blackstone	NOUN
cblr-1216	253	2	entered	enter	VERB
cblr-1216	253	3	into	into	ADP
cblr-1216	253	4	a	a	DET
cblr-1216	253	5	legal	legal	ADJ
cblr-1216	253	6	services	service	NOUN
cblr-1216	253	7	arrangement	arrangement	NOUN
cblr-1216	253	8	on	on	ADP
cblr-1216	253	9	behalf	behalf	NOUN
cblr-1216	253	10	of	of	ADP
cblr-1216	253	11	itself	itself	PRON
cblr-1216	253	12	and	and	CCONJ
cblr-1216	253	13	its	its	PRON
cblr-1216	253	14	funds	fund	NOUN
cblr-1216	253	15	,	,	PUNCT
cblr-1216	253	16	where	where	SCONJ
cblr-1216	253	17	blackstone	blackstone	NOUN
cblr-1216	253	18	received	receive	VERB
cblr-1216	253	19	a	a	DET
cblr-1216	253	20	discount	discount	NOUN
cblr-1216	253	21	from	from	ADP
cblr-1216	253	22	the	the	DET
cblr-1216	253	23	law	law	NOUN
cblr-1216	253	24	firm	firm	NOUN
cblr-1216	253	25	that	that	PRON
cblr-1216	253	26	was	be	AUX
cblr-1216	253	27	“	"	PUNCT
cblr-1216	253	28	substantially	substantially	ADV
cblr-1216	253	29	greater	great	ADJ
cblr-1216	253	30	”	"	PUNCT
cblr-1216	253	31	than	than	ADP
cblr-1216	253	32	70	70	NUM
cblr-1216	254	1	i	i	NOUN
cblr-1216	254	2	d.	d.	PROPN
cblr-1216	254	3	71	71	NUM
cblr-1216	255	1	i	i	PRON
cblr-1216	255	2	d.	d.	PROPN
cblr-1216	255	3	72	72	NUM
cblr-1216	256	1	i	i	PRON
cblr-1216	256	2	d.	d.	PROPN
cblr-1216	256	3	at	at	ADP
cblr-1216	256	4	*	*	PROPN
cblr-1216	256	5	4	4	NUM
cblr-1216	256	6	.	.	X
cblr-1216	256	7	73	73	NUM
cblr-1216	257	1	i	i	PRON
cblr-1216	257	2	d.	d.	PROPN
cblr-1216	257	3	74	74	NUM
cblr-1216	257	4	i	i	PRON
cblr-1216	257	5	d.	d.	PROPN
cblr-1216	257	6	section	section	PROPN
cblr-1216	257	7	ii.c	ii.c	VERB
cblr-1216	257	8	of	of	ADP
cblr-1216	257	9	this	this	DET
cblr-1216	257	10	note	note	NOUN
cblr-1216	257	11	describes	describe	VERB
cblr-1216	257	12	the	the	DET
cblr-1216	257	13	structure	structure	NOUN
cblr-1216	257	14	and	and	CCONJ
cblr-1216	257	15	function	function	NOUN
cblr-1216	257	16	of	of	ADP
cblr-1216	257	17	lpacs	lpac	NOUN
cblr-1216	257	18	.	.	PUNCT
cblr-1216	258	1	75	75	NUM
cblr-1216	259	1	i	i	PRON
cblr-1216	259	2	d.	d.	PROPN
cblr-1216	259	3	nadler_final	nadler_final	PROPN
cblr-1216	259	4	270	270	NUM
cblr-1216	259	5	columbia	columbia	PROPN
cblr-1216	259	6	business	business	NOUN
cblr-1216	259	7	law	law	PROPN
cblr-1216	259	8	review	review	NOUN
cblr-1216	259	9	[	[	X
cblr-1216	259	10	vol	vol	NOUN
cblr-1216	259	11	.	.	NOUN
cblr-1216	259	12	2018	2018	NUM
cblr-1216	260	1	the	the	DET
cblr-1216	260	2	discount	discount	NOUN
cblr-1216	260	3	received	receive	VERB
cblr-1216	260	4	by	by	ADP
cblr-1216	260	5	the	the	DET
cblr-1216	260	6	funds.76	funds.76	PROPN
cblr-1216	260	7	blackstone	blackstone	NOUN
cblr-1216	260	8	did	do	AUX
cblr-1216	260	9	not	not	PART
cblr-1216	260	10	disclose	disclose	VERB
cblr-1216	260	11	the	the	DET
cblr-1216	260	12	disparate	disparate	ADJ
cblr-1216	260	13	discounts	discount	NOUN
cblr-1216	260	14	between	between	ADP
cblr-1216	260	15	2008	2008	NUM
cblr-1216	260	16	through	through	ADP
cblr-1216	260	17	early	early	ADJ
cblr-1216	260	18	2011	2011	NUM
cblr-1216	260	19	to	to	ADP
cblr-1216	260	20	the	the	DET
cblr-1216	260	21	funds	fund	NOUN
cblr-1216	260	22	,	,	PUNCT
cblr-1216	260	23	the	the	DET
cblr-1216	260	24	funds	fund	NOUN
cblr-1216	260	25	’	'	PUNCT
cblr-1216	260	26	lpac	lpac	NOUN
cblr-1216	260	27	,	,	PUNCT
cblr-1216	260	28	or	or	CCONJ
cblr-1216	260	29	the	the	DET
cblr-1216	260	30	funds	fund	NOUN
cblr-1216	260	31	’	'	PUNCT
cblr-1216	260	32	limited	limit	VERB
cblr-1216	260	33	partners	partner	NOUN
cblr-1216	260	34	.	.	PUNCT
cblr-1216	261	1	the	the	DET
cblr-1216	261	2	sec	sec	PROPN
cblr-1216	261	3	contended	contend	VERB
cblr-1216	261	4	that	that	SCONJ
cblr-1216	261	5	blackstone	blackstone	NOUN
cblr-1216	261	6	had	have	VERB
cblr-1216	261	7	a	a	DET
cblr-1216	261	8	conflict	conflict	NOUN
cblr-1216	261	9	of	of	ADP
cblr-1216	261	10	interest	interest	NOUN
cblr-1216	261	11	as	as	ADP
cblr-1216	261	12	the	the	DET
cblr-1216	261	13	beneficiary	beneficiary	NOUN
cblr-1216	261	14	of	of	ADP
cblr-1216	261	15	the	the	DET
cblr-1216	261	16	fee	fee	NOUN
cblr-1216	261	17	discount	discount	NOUN
cblr-1216	261	18	and	and	CCONJ
cblr-1216	261	19	thus	thus	ADV
cblr-1216	261	20	“	"	PUNCT
cblr-1216	261	21	could	could	AUX
cblr-1216	261	22	not	not	PART
cblr-1216	261	23	effectively	effectively	ADV
cblr-1216	261	24	consent	consent	VERB
cblr-1216	261	25	to	to	ADP
cblr-1216	261	26	the	the	DET
cblr-1216	261	27	practice	practice	NOUN
cblr-1216	261	28	on	on	ADP
cblr-1216	261	29	behalf	behalf	NOUN
cblr-1216	261	30	of	of	ADP
cblr-1216	261	31	the	the	DET
cblr-1216	261	32	funds	fund	NOUN
cblr-1216	261	33	.	.	PUNCT
cblr-1216	262	1	”77	”77	NOUN
cblr-1216	262	2	using	use	VERB
cblr-1216	262	3	identical	identical	ADJ
cblr-1216	262	4	language	language	NOUN
cblr-1216	262	5	as	as	ADP
cblr-1216	262	6	in	in	ADP
cblr-1216	262	7	the	the	DET
cblr-1216	262	8	kkr	kkr	PROPN
cblr-1216	262	9	settlement	settlement	PROPN
cblr-1216	262	10	,	,	PUNCT
cblr-1216	262	11	the	the	DET
cblr-1216	262	12	sec	sec	PROPN
cblr-1216	262	13	ordered	order	VERB
cblr-1216	262	14	that	that	SCONJ
cblr-1216	262	15	blackstone	blackstone	NOUN
cblr-1216	262	16	violated	violate	VERB
cblr-1216	262	17	section	section	NOUN
cblr-1216	262	18	206(2	206(2	NUM
cblr-1216	262	19	)	)	PUNCT
cblr-1216	262	20	of	of	ADP
cblr-1216	262	21	the	the	DET
cblr-1216	262	22	iaa	iaa	NOUN
cblr-1216	262	23	by	by	ADP
cblr-1216	262	24	“	"	PUNCT
cblr-1216	262	25	engaging	engage	VERB
cblr-1216	262	26	‘	'	PUNCT
cblr-1216	262	27	in	in	ADP
cblr-1216	262	28	[	[	X
cblr-1216	262	29	a	a	X
cblr-1216	262	30	]	]	X
cblr-1216	262	31	transaction	transaction	NOUN
cblr-1216	262	32	,	,	PUNCT
cblr-1216	262	33	practice	practice	NOUN
cblr-1216	262	34	,	,	PUNCT
cblr-1216	262	35	or	or	CCONJ
cblr-1216	262	36	course	course	NOUN
cblr-1216	262	37	of	of	ADP
cblr-1216	262	38	business	business	NOUN
cblr-1216	262	39	which	which	PRON
cblr-1216	262	40	operates	operate	VERB
cblr-1216	262	41	as	as	ADP
cblr-1216	262	42	a	a	DET
cblr-1216	262	43	fraud	fraud	NOUN
cblr-1216	262	44	or	or	CCONJ
cblr-1216	262	45	deceit	deceit	NOUN
cblr-1216	262	46	upon	upon	SCONJ
cblr-1216	262	47	any	any	DET
cblr-1216	262	48	client	client	NOUN
cblr-1216	262	49	or	or	CCONJ
cblr-1216	262	50	prospective	prospective	ADJ
cblr-1216	262	51	client	client	NOUN
cblr-1216	262	52	.	.	PUNCT
cblr-1216	262	53	’”78	’”78	PUNCT
cblr-1216	262	54	in	in	ADP
cblr-1216	262	55	addition	addition	NOUN
cblr-1216	262	56	,	,	PUNCT
cblr-1216	262	57	the	the	DET
cblr-1216	262	58	sec	sec	PROPN
cblr-1216	262	59	stated	state	VERB
cblr-1216	262	60	that	that	SCONJ
cblr-1216	262	61	blackstone	blackstone	NOUN
cblr-1216	262	62	violated	violate	VERB
cblr-1216	262	63	section	section	NOUN
cblr-1216	262	64	206(4	206(4	NUM
cblr-1216	262	65	)	)	PUNCT
cblr-1216	262	66	of	of	ADP
cblr-1216	262	67	the	the	DET
cblr-1216	262	68	advisers	adviser	NOUN
cblr-1216	262	69	act	act	VERB
cblr-1216	262	70	(	(	PUNCT
cblr-1216	262	71	and	and	CCONJ
cblr-1216	262	72	rule	rule	VERB
cblr-1216	262	73	206(4)-8	206(4)-8	NUM
cblr-1216	262	74	thereunder	thereunder	NOUN
cblr-1216	262	75	)	)	PUNCT
cblr-1216	262	76	,	,	PUNCT
cblr-1216	262	77	which	which	PRON
cblr-1216	262	78	makes	make	VERB
cblr-1216	262	79	it	it	PRON
cblr-1216	262	80	unlawful	unlawful	ADJ
cblr-1216	262	81	for	for	ADP
cblr-1216	262	82	an	an	DET
cblr-1216	262	83	investment	investment	NOUN
cblr-1216	262	84	adviser	adviser	NOUN
cblr-1216	262	85	:	:	PUNCT
cblr-1216	262	86	[	[	X
cblr-1216	262	87	t]o	t]o	ADP
cblr-1216	262	88	‘	'	PUNCT
cblr-1216	262	89	[	[	X
cblr-1216	262	90	m]ake	m]ake	NOUN
cblr-1216	262	91	any	any	DET
cblr-1216	262	92	untrue	untrue	ADJ
cblr-1216	262	93	statement	statement	NOUN
cblr-1216	262	94	of	of	ADP
cblr-1216	262	95	a	a	DET
cblr-1216	262	96	material	material	ADJ
cblr-1216	262	97	fact	fact	NOUN
cblr-1216	262	98	or	or	CCONJ
cblr-1216	262	99	omit	omit	VERB
cblr-1216	262	100	to	to	PART
cblr-1216	262	101	state	state	VERB
cblr-1216	262	102	a	a	DET
cblr-1216	262	103	material	material	ADJ
cblr-1216	262	104	fact	fact	NOUN
cblr-1216	262	105	necessary	necessary	ADJ
cblr-1216	262	106	to	to	PART
cblr-1216	262	107	make	make	VERB
cblr-1216	262	108	the	the	DET
cblr-1216	262	109	statements	statement	NOUN
cblr-1216	262	110	made	make	VERB
cblr-1216	262	111	,	,	PUNCT
cblr-1216	262	112	in	in	ADP
cblr-1216	262	113	the	the	DET
cblr-1216	262	114	light	light	NOUN
cblr-1216	262	115	of	of	ADP
cblr-1216	262	116	the	the	DET
cblr-1216	262	117	circumstances	circumstance	NOUN
cblr-1216	262	118	under	under	ADP
cblr-1216	262	119	which	which	PRON
cblr-1216	262	120	they	they	PRON
cblr-1216	262	121	were	be	AUX
cblr-1216	262	122	made	make	VERB
cblr-1216	262	123	,	,	PUNCT
cblr-1216	262	124	not	not	PART
cblr-1216	262	125	misleading	misleading	ADJ
cblr-1216	262	126	,	,	PUNCT
cblr-1216	262	127	to	to	ADP
cblr-1216	262	128	any	any	DET
cblr-1216	262	129	investor	investor	NOUN
cblr-1216	262	130	or	or	CCONJ
cblr-1216	262	131	prospective	prospective	ADJ
cblr-1216	262	132	investor	investor	NOUN
cblr-1216	262	133	in	in	ADP
cblr-1216	262	134	the	the	DET
cblr-1216	262	135	pooled	pooled	ADJ
cblr-1216	262	136	investment	investment	NOUN
cblr-1216	262	137	vehicle	vehicle	NOUN
cblr-1216	262	138	’	'	PUNCT
cblr-1216	262	139	or	or	CCONJ
cblr-1216	262	140	‘	'	PUNCT
cblr-1216	262	141	engage	engage	VERB
cblr-1216	262	142	in	in	ADP
cblr-1216	262	143	any	any	DET
cblr-1216	262	144	act	act	NOUN
cblr-1216	262	145	,	,	PUNCT
cblr-1216	262	146	practice	practice	NOUN
cblr-1216	262	147	,	,	PUNCT
cblr-1216	262	148	or	or	CCONJ
cblr-1216	262	149	course	course	NOUN
cblr-1216	262	150	of	of	ADP
cblr-1216	262	151	business	business	NOUN
cblr-1216	262	152	that	that	PRON
cblr-1216	262	153	is	be	AUX
cblr-1216	262	154	fraudulent	fraudulent	ADJ
cblr-1216	262	155	,	,	PUNCT
cblr-1216	262	156	deceptive	deceptive	ADJ
cblr-1216	262	157	,	,	PUNCT
cblr-1216	262	158	or	or	CCONJ
cblr-1216	262	159	manipulative	manipulative	ADJ
cblr-1216	262	160	with	with	ADP
cblr-1216	262	161	respect	respect	NOUN
cblr-1216	262	162	to	to	ADP
cblr-1216	262	163	any	any	DET
cblr-1216	262	164	investor	investor	NOUN
cblr-1216	262	165	or	or	CCONJ
cblr-1216	262	166	prospective	prospective	ADJ
cblr-1216	262	167	investor	investor	NOUN
cblr-1216	262	168	in	in	ADP
cblr-1216	262	169	the	the	DET
cblr-1216	262	170	pooled	pooled	ADJ
cblr-1216	262	171	investment	investment	NOUN
cblr-1216	262	172	vehicle	vehicle	NOUN
cblr-1216	262	173	.	.	PUNCT
cblr-1216	262	174	’79	’79	PROPN
cblr-1216	262	175	blackstone	blackstone	PROPN
cblr-1216	262	176	agreed	agree	VERB
cblr-1216	262	177	to	to	PART
cblr-1216	262	178	pay	pay	VERB
cblr-1216	262	179	a	a	DET
cblr-1216	262	180	civil	civil	ADJ
cblr-1216	262	181	penalty	penalty	NOUN
cblr-1216	262	182	of	of	ADP
cblr-1216	262	183	$	$	SYM
cblr-1216	262	184	10	10	NUM
cblr-1216	262	185	million	million	NUM
cblr-1216	262	186	along	along	ADP
cblr-1216	262	187	with	with	ADP
cblr-1216	262	188	$	$	SYM
cblr-1216	262	189	26,225,203	26,225,203	NUM
cblr-1216	262	190	in	in	ADP
cblr-1216	262	191	disgorgement	disgorgement	NOUN
cblr-1216	262	192	interest.80	interest.80	NOUN
cblr-1216	262	193	3	3	X
cblr-1216	262	194	.	.	X
cblr-1216	263	1	apollo	apollo	PROPN
cblr-1216	263	2	the	the	DET
cblr-1216	263	3	sec	sec	PROPN
cblr-1216	263	4	ordered	order	VERB
cblr-1216	263	5	that	that	SCONJ
cblr-1216	263	6	apollo	apollo	PROPN
cblr-1216	263	7	management	management	NOUN
cblr-1216	263	8	(	(	PUNCT
cblr-1216	263	9	“	"	PUNCT
cblr-1216	263	10	apollo	apollo	PROPN
cblr-1216	263	11	”	"	PUNCT
cblr-1216	263	12	)	)	PUNCT
cblr-1216	263	13	breached	breach	VERB
cblr-1216	263	14	its	its	PRON
cblr-1216	263	15	fiduciary	fiduciary	ADJ
cblr-1216	263	16	duty	duty	NOUN
cblr-1216	263	17	to	to	ADP
cblr-1216	263	18	its	its	PRON
cblr-1216	263	19	limited	limited	ADJ
cblr-1216	263	20	partners	partner	NOUN
cblr-1216	263	21	by	by	ADP
cblr-1216	263	22	accelerating	accelerate	VERB
cblr-1216	263	23	monitoring	monitor	VERB
cblr-1216	263	24	fees	fee	NOUN
cblr-1216	263	25	and	and	CCONJ
cblr-1216	263	26	failing	fail	VERB
cblr-1216	263	27	to	to	PART
cblr-1216	263	28	disclose	disclose	VERB
cblr-1216	263	29	the	the	DET
cblr-1216	263	30	allocation	allocation	NOUN
cblr-1216	263	31	of	of	ADP
cblr-1216	263	32	76	76	NUM
cblr-1216	263	33	i	i	PROPN
cblr-1216	263	34	d.	d.	PROPN
cblr-1216	263	35	77	77	NUM
cblr-1216	264	1	i	i	PRON
cblr-1216	264	2	d.	d.	PROPN
cblr-1216	264	3	78	78	NUM
cblr-1216	265	1	i	i	PRON
cblr-1216	265	2	d.	d.	VERB
cblr-1216	265	3	at	at	ADP
cblr-1216	265	4	*	*	PROPN
cblr-1216	265	5	5	5	NUM
cblr-1216	265	6	.	.	NOUN
cblr-1216	265	7	79	79	NUM
cblr-1216	266	1	i	i	PRON
cblr-1216	266	2	d.	d.	PROPN
cblr-1216	266	3	80	80	NUM
cblr-1216	267	1	i	i	PRON
cblr-1216	267	2	d.	d.	NOUN
cblr-1216	267	3	at	at	ADP
cblr-1216	267	4	*	*	PROPN
cblr-1216	267	5	6	6	NUM
cblr-1216	267	6	,	,	PUNCT
cblr-1216	267	7	*	*	NOUN
cblr-1216	267	8	8	8	NUM
cblr-1216	267	9	.	.	PUNCT
cblr-1216	268	1	nadler_final	nadler_final	PROPN
cblr-1216	268	2	no	no	INTJ
cblr-1216	268	3	.	.	PUNCT
cblr-1216	269	1	1:254	1:254	NUM
cblr-1216	269	2	]	]	X
cblr-1216	269	3	federal	federal	ADJ
cblr-1216	269	4	fiduciary	fiduciary	ADJ
cblr-1216	269	5	duties	duty	NOUN
cblr-1216	269	6	and	and	CCONJ
cblr-1216	269	7	private	private	ADJ
cblr-1216	269	8	equity	equity	NOUN
cblr-1216	269	9	271	271	NUM
cblr-1216	269	10	accrued	accrue	VERB
cblr-1216	269	11	interest.81	interest.81	NOUN
cblr-1216	269	12	the	the	DET
cblr-1216	269	13	findings	finding	NOUN
cblr-1216	269	14	concerning	concern	VERB
cblr-1216	269	15	acceleration	acceleration	NOUN
cblr-1216	269	16	of	of	ADP
cblr-1216	269	17	monitoring	monitor	VERB
cblr-1216	269	18	fees	fee	NOUN
cblr-1216	269	19	by	by	ADP
cblr-1216	269	20	apollo	apollo	PROPN
cblr-1216	269	21	are	be	AUX
cblr-1216	269	22	similar	similar	ADJ
cblr-1216	269	23	to	to	ADP
cblr-1216	269	24	those	those	PRON
cblr-1216	269	25	in	in	ADP
cblr-1216	269	26	the	the	DET
cblr-1216	269	27	blackstone	blackstone	NOUN
cblr-1216	269	28	order	order	NOUN
cblr-1216	269	29	,	,	PUNCT
cblr-1216	269	30	and	and	CCONJ
cblr-1216	269	31	the	the	DET
cblr-1216	269	32	orders	order	NOUN
cblr-1216	269	33	use	use	VERB
cblr-1216	269	34	identical	identical	ADJ
cblr-1216	269	35	language	language	NOUN
cblr-1216	269	36	in	in	ADP
cblr-1216	269	37	some	some	DET
cblr-1216	269	38	passages.82	passages.82	NOUN
cblr-1216	269	39	furthermore	furthermore	ADV
cblr-1216	269	40	,	,	PUNCT
cblr-1216	269	41	the	the	DET
cblr-1216	269	42	sec	sec	PROPN
cblr-1216	269	43	ordered	order	VERB
cblr-1216	269	44	that	that	SCONJ
cblr-1216	269	45	apollo	apollo	PROPN
cblr-1216	269	46	breached	breach	VERB
cblr-1216	269	47	its	its	PRON
cblr-1216	269	48	fiduciary	fiduciary	ADJ
cblr-1216	269	49	duty	duty	NOUN
cblr-1216	269	50	by	by	ADP
cblr-1216	269	51	failing	fail	VERB
cblr-1216	269	52	to	to	PART
cblr-1216	269	53	disclose	disclose	VERB
cblr-1216	269	54	material	material	NOUN
cblr-1216	269	55	information	information	NOUN
cblr-1216	269	56	concerning	concern	VERB
cblr-1216	269	57	a	a	DET
cblr-1216	269	58	fund	fund	NOUN
cblr-1216	269	59	loan	loan	NOUN
cblr-1216	269	60	.	.	PUNCT
cblr-1216	270	1	in	in	ADP
cblr-1216	270	2	june	june	PROPN
cblr-1216	270	3	2008	2008	NUM
cblr-1216	270	4	,	,	PUNCT
cblr-1216	270	5	advisors	advisor	NOUN
cblr-1216	270	6	vi	vi	PROPN
cblr-1216	270	7	,	,	PUNCT
cblr-1216	270	8	the	the	DET
cblr-1216	270	9	general	general	ADJ
cblr-1216	270	10	partner	partner	NOUN
cblr-1216	270	11	to	to	PART
cblr-1216	270	12	fund	fund	VERB
cblr-1216	270	13	vi	vi	PROPN
cblr-1216	270	14	,	,	PUNCT
cblr-1216	270	15	entered	enter	VERB
cblr-1216	270	16	into	into	ADP
cblr-1216	270	17	a	a	DET
cblr-1216	270	18	loan	loan	NOUN
cblr-1216	270	19	agreement	agreement	NOUN
cblr-1216	270	20	with	with	ADP
cblr-1216	270	21	fund	fund	NOUN
cblr-1216	270	22	vi	vi	PROPN
cblr-1216	270	23	and	and	CCONJ
cblr-1216	270	24	four	four	NUM
cblr-1216	270	25	other	other	ADJ
cblr-1216	270	26	funds	fund	NOUN
cblr-1216	270	27	.	.	PUNCT
cblr-1216	271	1	the	the	DET
cblr-1216	271	2	purpose	purpose	NOUN
cblr-1216	271	3	of	of	ADP
cblr-1216	271	4	the	the	DET
cblr-1216	271	5	loan	loan	NOUN
cblr-1216	271	6	was	be	AUX
cblr-1216	271	7	to	to	PART
cblr-1216	271	8	defer	defer	VERB
cblr-1216	271	9	taxes	taxis	NOUN
cblr-1216	271	10	that	that	PRON
cblr-1216	271	11	advisors	advisor	NOUN
cblr-1216	271	12	vi	vi	PROPN
cblr-1216	271	13	would	would	AUX
cblr-1216	271	14	owe	owe	VERB
cblr-1216	271	15	on	on	ADP
cblr-1216	271	16	carried	carry	VERB
cblr-1216	271	17	interest.83	interest.83	VERB
cblr-1216	271	18	the	the	DET
cblr-1216	271	19	loan	loan	NOUN
cblr-1216	271	20	agreement	agreement	NOUN
cblr-1216	271	21	required	require	VERB
cblr-1216	271	22	the	the	DET
cblr-1216	271	23	general	general	ADJ
cblr-1216	271	24	partner	partner	NOUN
cblr-1216	271	25	to	to	PART
cblr-1216	271	26	pay	pay	VERB
cblr-1216	271	27	interest	interest	NOUN
cblr-1216	271	28	to	to	ADP
cblr-1216	271	29	the	the	DET
cblr-1216	271	30	funds	fund	NOUN
cblr-1216	271	31	during	during	ADP
cblr-1216	271	32	the	the	DET
cblr-1216	271	33	course	course	NOUN
cblr-1216	271	34	of	of	ADP
cblr-1216	271	35	the	the	DET
cblr-1216	271	36	loan	loan	NOUN
cblr-1216	271	37	,	,	PUNCT
cblr-1216	271	38	and	and	CCONJ
cblr-1216	271	39	this	this	DET
cblr-1216	271	40	interest	interest	NOUN
cblr-1216	271	41	was	be	AUX
cblr-1216	271	42	reflected	reflect	VERB
cblr-1216	271	43	in	in	ADP
cblr-1216	271	44	the	the	DET
cblr-1216	271	45	funds	fund	NOUN
cblr-1216	271	46	’	'	PUNCT
cblr-1216	271	47	financial	financial	ADJ
cblr-1216	271	48	statements	statement	NOUN
cblr-1216	271	49	as	as	ADP
cblr-1216	271	50	an	an	DET
cblr-1216	271	51	asset	asset	NOUN
cblr-1216	271	52	of	of	ADP
cblr-1216	271	53	the	the	DET
cblr-1216	271	54	funds	fund	NOUN
cblr-1216	271	55	.	.	PUNCT
cblr-1216	272	1	however	however	ADV
cblr-1216	272	2	,	,	PUNCT
cblr-1216	272	3	the	the	DET
cblr-1216	272	4	accrued	accrue	VERB
cblr-1216	272	5	interest	interest	NOUN
cblr-1216	272	6	was	be	AUX
cblr-1216	272	7	ultimately	ultimately	ADV
cblr-1216	272	8	allocated	allocate	VERB
cblr-1216	272	9	solely	solely	ADV
cblr-1216	272	10	to	to	ADP
cblr-1216	272	11	the	the	DET
cblr-1216	272	12	capital	capital	NOUN
cblr-1216	272	13	account	account	NOUN
cblr-1216	272	14	of	of	ADP
cblr-1216	272	15	advisors	advisor	NOUN
cblr-1216	272	16	vi	vi	PROPN
cblr-1216	272	17	and	and	CCONJ
cblr-1216	272	18	not	not	PART
cblr-1216	272	19	to	to	ADP
cblr-1216	272	20	the	the	DET
cblr-1216	272	21	lending	lending	NOUN
cblr-1216	273	1	funds.84	funds.84	PROPN
cblr-1216	273	2	81	81	NUM
cblr-1216	273	3	apollo	apollo	PROPN
cblr-1216	273	4	mgmt	mgmt	PROPN
cblr-1216	273	5	.	.	PUNCT
cblr-1216	274	1	v	v	NOUN
cblr-1216	274	2	,	,	PUNCT
cblr-1216	274	3	investment	investment	NOUN
cblr-1216	274	4	advisers	adviser	NOUN
cblr-1216	274	5	act	act	VERB
cblr-1216	274	6	release	release	VERB
cblr-1216	274	7	no	no	NOUN
cblr-1216	274	8	.	.	NOUN
cblr-1216	274	9	4493	4493	NUM
cblr-1216	274	10	,	,	PUNCT
cblr-1216	274	11	2016	2016	NUM
cblr-1216	274	12	wl	wl	NOUN
cblr-1216	274	13	4497198	4497198	NUM
cblr-1216	274	14	(	(	PUNCT
cblr-1216	274	15	aug	aug	PROPN
cblr-1216	274	16	.	.	PROPN
cblr-1216	274	17	23	23	NUM
cblr-1216	274	18	,	,	PUNCT
cblr-1216	274	19	2016	2016	NUM
cblr-1216	274	20	)	)	PUNCT
cblr-1216	274	21	.	.	PUNCT
cblr-1216	275	1	82	82	NUM
cblr-1216	275	2	compare	compare	NOUN
cblr-1216	275	3	i	i	PROPN
cblr-1216	275	4	d.	d.	PROPN
cblr-1216	275	5	to	to	ADP
cblr-1216	275	6	blackstone	blackstone	PROPN
cblr-1216	275	7	mgmt	mgmt	PROPN
cblr-1216	275	8	.	.	PUNCT
cblr-1216	276	1	partners	partner	NOUN
cblr-1216	276	2	,	,	PUNCT
cblr-1216	276	3	investment	investment	NOUN
cblr-1216	276	4	advisers	adviser	NOUN
cblr-1216	276	5	act	act	VERB
cblr-1216	276	6	release	release	VERB
cblr-1216	276	7	no	no	NOUN
cblr-1216	276	8	.	.	NOUN
cblr-1216	276	9	4219	4219	NUM
cblr-1216	276	10	,	,	PUNCT
cblr-1216	276	11	2015	2015	NUM
cblr-1216	276	12	wl	wl	NOUN
cblr-1216	276	13	5834037	5834037	NUM
cblr-1216	276	14	,	,	PUNCT
cblr-1216	276	15	at	at	ADP
cblr-1216	276	16	*	*	PROPN
cblr-1216	276	17	3–4	3–4	NUM
cblr-1216	276	18	(	(	PUNCT
cblr-1216	276	19	both	both	PRON
cblr-1216	276	20	noting	note	VERB
cblr-1216	276	21	the	the	DET
cblr-1216	276	22	acceleration	acceleration	NOUN
cblr-1216	276	23	of	of	ADP
cblr-1216	276	24	monitoring	monitor	VERB
cblr-1216	276	25	fees	fee	NOUN
cblr-1216	276	26	and	and	CCONJ
cblr-1216	276	27	inadequate	inadequate	ADJ
cblr-1216	276	28	disclosure	disclosure	NOUN
cblr-1216	276	29	to	to	ADP
cblr-1216	276	30	the	the	DET
cblr-1216	276	31	funds	fund	NOUN
cblr-1216	276	32	,	,	PUNCT
cblr-1216	276	33	the	the	DET
cblr-1216	276	34	funds	fund	NOUN
cblr-1216	276	35	’	'	PUNCT
cblr-1216	276	36	lpac	lpac	NOUN
cblr-1216	276	37	,	,	PUNCT
cblr-1216	276	38	and	and	CCONJ
cblr-1216	276	39	the	the	DET
cblr-1216	276	40	limited	limited	ADJ
cblr-1216	276	41	partners	partner	NOUN
cblr-1216	276	42	)	)	PUNCT
cblr-1216	276	43	.	.	PUNCT
cblr-1216	277	1	83	83	NUM
cblr-1216	277	2	see	see	VERB
cblr-1216	277	3	i	i	PROPN
cblr-1216	277	4	d.	d.	PROPN
cblr-1216	277	5	david	david	PROPN
cblr-1216	277	6	a.	a.	PROPN
cblr-1216	277	7	weisbach	weisbach	PROPN
cblr-1216	277	8	offers	offer	VERB
cblr-1216	277	9	an	an	DET
cblr-1216	277	10	apt	apt	ADJ
cblr-1216	277	11	description	description	NOUN
cblr-1216	277	12	of	of	ADP
cblr-1216	277	13	carried	carry	VERB
cblr-1216	277	14	interest	interest	NOUN
cblr-1216	277	15	:	:	PUNCT
cblr-1216	277	16	a	a	DET
cblr-1216	277	17	carried	carry	VERB
cblr-1216	277	18	or	or	CCONJ
cblr-1216	277	19	profits	profit	VERB
cblr-1216	277	20	interest	interest	NOUN
cblr-1216	277	21	in	in	ADP
cblr-1216	277	22	a	a	DET
cblr-1216	277	23	partnership	partnership	NOUN
cblr-1216	277	24	is	be	AUX
cblr-1216	277	25	a	a	DET
cblr-1216	277	26	right	right	NOUN
cblr-1216	277	27	to	to	ADP
cblr-1216	277	28	a	a	DET
cblr-1216	277	29	share	share	NOUN
cblr-1216	277	30	of	of	ADP
cblr-1216	277	31	the	the	DET
cblr-1216	277	32	profits	profit	NOUN
cblr-1216	277	33	separate	separate	ADJ
cblr-1216	277	34	from	from	ADP
cblr-1216	277	35	an	an	DET
cblr-1216	277	36	interest	interest	NOUN
cblr-1216	277	37	in	in	ADP
cblr-1216	277	38	the	the	DET
cblr-1216	277	39	assets	asset	NOUN
cblr-1216	277	40	or	or	CCONJ
cblr-1216	277	41	capital	capital	NOUN
cblr-1216	277	42	of	of	ADP
cblr-1216	277	43	the	the	DET
cblr-1216	277	44	partnership	partnership	NOUN
cblr-1216	277	45	.	.	PUNCT
cblr-1216	278	1	for	for	ADP
cblr-1216	278	2	example	example	NOUN
cblr-1216	278	3	,	,	PUNCT
cblr-1216	278	4	if	if	SCONJ
cblr-1216	278	5	a	a	DET
cblr-1216	278	6	partnership	partnership	NOUN
cblr-1216	278	7	has	have	VERB
cblr-1216	278	8	$	$	SYM
cblr-1216	278	9	1,000	1,000	NUM
cblr-1216	278	10	of	of	ADP
cblr-1216	278	11	capital	capital	NOUN
cblr-1216	278	12	and	and	CCONJ
cblr-1216	278	13	earns	earn	VERB
cblr-1216	278	14	$	$	SYM
cblr-1216	278	15	100	100	NUM
cblr-1216	278	16	,	,	PUNCT
cblr-1216	278	17	a	a	DET
cblr-1216	278	18	15	15	NUM
cblr-1216	278	19	%	%	NOUN
cblr-1216	278	20	carried	carry	VERB
cblr-1216	278	21	interest	interest	NOUN
cblr-1216	278	22	would	would	AUX
cblr-1216	278	23	give	give	VERB
cblr-1216	278	24	the	the	DET
cblr-1216	278	25	holder	holder	NOUN
cblr-1216	278	26	the	the	DET
cblr-1216	278	27	right	right	NOUN
cblr-1216	278	28	to	to	PART
cblr-1216	278	29	15	15	NUM
cblr-1216	278	30	%	%	NOUN
cblr-1216	278	31	of	of	ADP
cblr-1216	278	32	the	the	DET
cblr-1216	278	33	$	$	SYM
cblr-1216	278	34	100	100	NUM
cblr-1216	278	35	profits	profit	NOUN
cblr-1216	278	36	and	and	CCONJ
cblr-1216	278	37	none	none	NOUN
cblr-1216	278	38	of	of	ADP
cblr-1216	278	39	the	the	DET
cblr-1216	278	40	$	$	SYM
cblr-1216	278	41	1,000	1,000	NUM
cblr-1216	278	42	of	of	ADP
cblr-1216	278	43	capital	capital	NOUN
cblr-1216	278	44	.	.	PUNCT
cblr-1216	279	1	a	a	DET
cblr-1216	279	2	capital	capital	NOUN
cblr-1216	279	3	interest	interest	NOUN
cblr-1216	279	4	gives	give	VERB
cblr-1216	279	5	the	the	DET
cblr-1216	279	6	holder	holder	NOUN
cblr-1216	279	7	the	the	DET
cblr-1216	279	8	right	right	NOUN
cblr-1216	279	9	to	to	ADP
cblr-1216	279	10	both	both	DET
cblr-1216	279	11	profits	profit	NOUN
cblr-1216	279	12	and	and	CCONJ
cblr-1216	279	13	capital	capital	NOUN
cblr-1216	279	14	.	.	PUNCT
cblr-1216	280	1	a	a	DET
cblr-1216	280	2	15	15	NUM
cblr-1216	280	3	%	%	NOUN
cblr-1216	280	4	capital	capital	NOUN
cblr-1216	280	5	interest	interest	NOUN
cblr-1216	280	6	in	in	ADP
cblr-1216	280	7	the	the	DET
cblr-1216	280	8	same	same	ADJ
cblr-1216	280	9	partnership	partnership	NOUN
cblr-1216	280	10	would	would	AUX
cblr-1216	280	11	be	be	AUX
cblr-1216	280	12	entitled	entitle	VERB
cblr-1216	280	13	to	to	ADP
cblr-1216	280	14	both	both	DET
cblr-1216	280	15	15	15	NUM
cblr-1216	280	16	%	%	NOUN
cblr-1216	280	17	of	of	ADP
cblr-1216	280	18	the	the	DET
cblr-1216	280	19	$	$	SYM
cblr-1216	280	20	100	100	NUM
cblr-1216	280	21	profits	profit	NOUN
cblr-1216	280	22	and	and	CCONJ
cblr-1216	280	23	of	of	ADP
cblr-1216	280	24	the	the	DET
cblr-1216	280	25	$	$	SYM
cblr-1216	280	26	1,000	1,000	NUM
cblr-1216	280	27	capital	capital	NOUN
cblr-1216	280	28	.	.	PUNCT
cblr-1216	281	1	carried	carry	VERB
cblr-1216	281	2	interests	interest	NOUN
cblr-1216	281	3	and	and	CCONJ
cblr-1216	281	4	profits	profit	NOUN
cblr-1216	281	5	interests	interest	NOUN
cblr-1216	281	6	are	be	AUX
cblr-1216	281	7	effectively	effectively	ADV
cblr-1216	281	8	the	the	DET
cblr-1216	281	9	same	same	ADJ
cblr-1216	281	10	thing	thing	NOUN
cblr-1216	281	11	and	and	CCONJ
cblr-1216	281	12	i	i	PRON
cblr-1216	281	13	will	will	AUX
cblr-1216	281	14	use	use	VERB
cblr-1216	281	15	the	the	DET
cblr-1216	281	16	terms	term	NOUN
cblr-1216	281	17	interchangeably	interchangeably	ADV
cblr-1216	281	18	.	.	PUNCT
cblr-1216	282	1	david	david	PROPN
cblr-1216	282	2	a.	a.	PROPN
cblr-1216	282	3	weisbach	weisbach	PROPN
cblr-1216	282	4	,	,	PUNCT
cblr-1216	282	5	the	the	DET
cblr-1216	282	6	taxation	taxation	NOUN
cblr-1216	282	7	of	of	ADP
cblr-1216	282	8	carried	carry	VERB
cblr-1216	282	9	interests	interest	NOUN
cblr-1216	282	10	in	in	ADP
cblr-1216	282	11	private	private	ADJ
cblr-1216	282	12	equity	equity	NOUN
cblr-1216	282	13	,	,	PUNCT
cblr-1216	282	14	94	94	NUM
cblr-1216	282	15	va	va	NOUN
cblr-1216	282	16	.	.	PUNCT
cblr-1216	283	1	l.	l.	PROPN
cblr-1216	283	2	rev	rev	PROPN
cblr-1216	283	3	.	.	PROPN
cblr-1216	283	4	715	715	NUM
cblr-1216	283	5	,	,	PUNCT
cblr-1216	283	6	716	716	NUM
cblr-1216	283	7	n.1	n.1	NOUN
cblr-1216	283	8	(	(	PUNCT
cblr-1216	283	9	2008	2008	NUM
cblr-1216	283	10	)	)	PUNCT
cblr-1216	283	11	.	.	PUNCT
cblr-1216	284	1	84	84	NUM
cblr-1216	284	2	apollo	apollo	PROPN
cblr-1216	284	3	mgmt	mgmt	PROPN
cblr-1216	284	4	.	.	PUNCT
cblr-1216	285	1	v	v	NOUN
cblr-1216	285	2	,	,	PUNCT
cblr-1216	285	3	investment	investment	NOUN
cblr-1216	285	4	advisers	adviser	NOUN
cblr-1216	285	5	act	act	VERB
cblr-1216	285	6	release	release	VERB
cblr-1216	285	7	no	no	NOUN
cblr-1216	285	8	.	.	NOUN
cblr-1216	285	9	4493	4493	NUM
cblr-1216	285	10	,	,	PUNCT
cblr-1216	285	11	2016	2016	NUM
cblr-1216	285	12	wl	wl	NOUN
cblr-1216	285	13	4497198	4497198	NUM
cblr-1216	285	14	(	(	PUNCT
cblr-1216	285	15	aug	aug	PROPN
cblr-1216	285	16	.	.	PROPN
cblr-1216	285	17	23	23	NUM
cblr-1216	285	18	,	,	PUNCT
cblr-1216	285	19	2016	2016	NUM
cblr-1216	285	20	)	)	PUNCT
cblr-1216	285	21	.	.	PUNCT
cblr-1216	286	1	nadler_final	nadler_final	ADJ
cblr-1216	286	2	272	272	NUM
cblr-1216	286	3	columbia	columbia	PROPN
cblr-1216	286	4	business	business	NOUN
cblr-1216	286	5	law	law	PROPN
cblr-1216	286	6	review	review	NOUN
cblr-1216	286	7	[	[	X
cblr-1216	286	8	vol	vol	NOUN
cblr-1216	286	9	.	.	PUNCT
cblr-1216	286	10	2018	2018	NUM
cblr-1216	286	11	similar	similar	ADJ
cblr-1216	286	12	to	to	ADP
cblr-1216	286	13	the	the	DET
cblr-1216	286	14	kkr	kkr	PROPN
cblr-1216	286	15	and	and	CCONJ
cblr-1216	286	16	blackstone	blackstone	NOUN
cblr-1216	286	17	orders	order	NOUN
cblr-1216	286	18	,	,	PUNCT
cblr-1216	286	19	the	the	DET
cblr-1216	286	20	sec	sec	PROPN
cblr-1216	286	21	determined	determine	VERB
cblr-1216	286	22	apollo	apollo	PROPN
cblr-1216	286	23	violated	violate	VERB
cblr-1216	286	24	section	section	NOUN
cblr-1216	286	25	206(2	206(2	NUM
cblr-1216	286	26	)	)	PUNCT
cblr-1216	286	27	of	of	ADP
cblr-1216	286	28	the	the	DET
cblr-1216	286	29	advisers	adviser	NOUN
cblr-1216	286	30	act.85	act.85	PROPN
cblr-1216	286	31	furthermore	furthermore	ADV
cblr-1216	286	32	,	,	PUNCT
cblr-1216	286	33	like	like	ADP
cblr-1216	286	34	the	the	DET
cblr-1216	286	35	blackstone	blackstone	NOUN
cblr-1216	286	36	order	order	NOUN
cblr-1216	286	37	,	,	PUNCT
cblr-1216	286	38	the	the	DET
cblr-1216	286	39	sec	sec	PROPN
cblr-1216	286	40	found	find	VERB
cblr-1216	286	41	the	the	DET
cblr-1216	286	42	lack	lack	NOUN
cblr-1216	286	43	of	of	ADP
cblr-1216	286	44	disclosure	disclosure	NOUN
cblr-1216	286	45	violated	violate	VERB
cblr-1216	286	46	section	section	NOUN
cblr-1216	286	47	206(4	206(4	NUM
cblr-1216	286	48	)	)	PUNCT
cblr-1216	286	49	and	and	CCONJ
cblr-1216	286	50	rule	rule	VERB
cblr-1216	286	51	206(4)-8	206(4)-8	NUM
cblr-1216	286	52	thereunder.86	thereunder.86	NOUN
cblr-1216	286	53	the	the	DET
cblr-1216	286	54	sec	sec	PROPN
cblr-1216	286	55	used	use	VERB
cblr-1216	286	56	identical	identical	ADJ
cblr-1216	286	57	language	language	NOUN
cblr-1216	286	58	to	to	AUX
cblr-1216	286	59	premise	premise	ADJ
cblr-1216	286	60	liability	liability	NOUN
cblr-1216	286	61	as	as	ADP
cblr-1216	286	62	in	in	ADP
cblr-1216	286	63	the	the	DET
cblr-1216	286	64	other	other	ADJ
cblr-1216	286	65	orders	order	NOUN
cblr-1216	286	66	.	.	PUNCT
cblr-1216	287	1	apollo	apollo	PROPN
cblr-1216	287	2	was	be	AUX
cblr-1216	287	3	also	also	ADV
cblr-1216	287	4	found	find	VERB
cblr-1216	287	5	to	to	PART
cblr-1216	287	6	have	have	AUX
cblr-1216	287	7	failed	fail	VERB
cblr-1216	287	8	to	to	PART
cblr-1216	287	9	reasonably	reasonably	ADV
cblr-1216	287	10	supervise	supervise	VERB
cblr-1216	287	11	a	a	DET
cblr-1216	287	12	former	former	ADJ
cblr-1216	287	13	partner	partner	NOUN
cblr-1216	287	14	’s	’s	PART
cblr-1216	287	15	expense	expense	NOUN
cblr-1216	287	16	reimbursement	reimbursement	NOUN
cblr-1216	287	17	practices	practice	NOUN
cblr-1216	287	18	and	and	CCONJ
cblr-1216	287	19	to	to	PART
cblr-1216	287	20	implement	implement	VERB
cblr-1216	287	21	policies	policy	NOUN
cblr-1216	287	22	reasonably	reasonably	ADV
cblr-1216	287	23	designed	design	VERB
cblr-1216	287	24	to	to	PART
cblr-1216	287	25	prevent	prevent	VERB
cblr-1216	287	26	violations	violation	NOUN
cblr-1216	287	27	of	of	ADP
cblr-1216	287	28	the	the	DET
cblr-1216	287	29	iaa	iaa	NOUN
cblr-1216	287	30	and	and	CCONJ
cblr-1216	287	31	its	its	PRON
cblr-1216	287	32	rules.87	rules.87	PROPN
cblr-1216	287	33	altogether	altogether	ADV
cblr-1216	287	34	,	,	PUNCT
cblr-1216	287	35	apollo	apollo	PROPN
cblr-1216	287	36	was	be	AUX
cblr-1216	287	37	ordered	order	VERB
cblr-1216	287	38	to	to	PART
cblr-1216	287	39	pay	pay	VERB
cblr-1216	287	40	a	a	DET
cblr-1216	287	41	$	$	SYM
cblr-1216	287	42	12.5	12.5	NUM
cblr-1216	287	43	million	million	NUM
cblr-1216	287	44	civil	civil	ADJ
cblr-1216	287	45	penalty	penalty	NOUN
cblr-1216	287	46	and	and	CCONJ
cblr-1216	287	47	$	$	SYM
cblr-1216	287	48	37,527,000	37,527,000	NUM
cblr-1216	287	49	in	in	ADP
cblr-1216	287	50	disgorgement	disgorgement	NOUN
cblr-1216	287	51	plus	plus	CCONJ
cblr-1216	287	52	interest.88	interest.88	PROPN
cblr-1216	287	53	4	4	NUM
cblr-1216	287	54	.	.	PUNCT
cblr-1216	288	1	takeaways	takeaway	NOUN
cblr-1216	288	2	from	from	ADP
cblr-1216	288	3	sec	sec	PROPN
cblr-1216	288	4	enforcement	enforcement	NOUN
cblr-1216	288	5	actions	action	NOUN
cblr-1216	288	6	the	the	DET
cblr-1216	288	7	three	three	NUM
cblr-1216	288	8	sec	sec	PROPN
cblr-1216	288	9	orders	order	NOUN
cblr-1216	288	10	detailed	detail	VERB
cblr-1216	288	11	above	above	ADV
cblr-1216	288	12	leave	leave	VERB
cblr-1216	288	13	much	much	ADJ
cblr-1216	288	14	to	to	PART
cblr-1216	288	15	be	be	AUX
cblr-1216	288	16	desired	desire	VERB
cblr-1216	288	17	from	from	ADP
cblr-1216	288	18	an	an	DET
cblr-1216	288	19	ex	ex	NOUN
cblr-1216	288	20	ante	ante	NOUN
cblr-1216	288	21	perspective	perspective	NOUN
cblr-1216	288	22	.	.	PUNCT
cblr-1216	289	1	the	the	DET
cblr-1216	289	2	orders	order	NOUN
cblr-1216	289	3	fail	fail	VERB
cblr-1216	289	4	to	to	PART
cblr-1216	289	5	identify	identify	VERB
cblr-1216	289	6	which	which	DET
cblr-1216	289	7	violations	violation	NOUN
cblr-1216	289	8	constitute	constitute	VERB
cblr-1216	289	9	which	which	DET
cblr-1216	289	10	infractions	infraction	NOUN
cblr-1216	289	11	.	.	PUNCT
cblr-1216	290	1	for	for	ADP
cblr-1216	290	2	instance	instance	NOUN
cblr-1216	290	3	,	,	PUNCT
cblr-1216	290	4	all	all	DET
cblr-1216	290	5	three	three	NUM
cblr-1216	290	6	firms	firm	NOUN
cblr-1216	290	7	admitted	admit	VERB
cblr-1216	290	8	to	to	ADP
cblr-1216	290	9	engaging	engage	VERB
cblr-1216	290	10	in	in	ADP
cblr-1216	290	11	a	a	DET
cblr-1216	290	12	“	"	PUNCT
cblr-1216	290	13	transaction	transaction	NOUN
cblr-1216	290	14	,	,	PUNCT
cblr-1216	290	15	practice	practice	NOUN
cblr-1216	290	16	,	,	PUNCT
cblr-1216	290	17	or	or	CCONJ
cblr-1216	290	18	course	course	NOUN
cblr-1216	290	19	of	of	ADP
cblr-1216	290	20	business	business	NOUN
cblr-1216	290	21	which	which	PRON
cblr-1216	290	22	operates	operate	VERB
cblr-1216	290	23	as	as	ADP
cblr-1216	290	24	a	a	DET
cblr-1216	290	25	fraud	fraud	NOUN
cblr-1216	290	26	or	or	CCONJ
cblr-1216	290	27	deceit	deceit	NOUN
cblr-1216	290	28	”	"	PUNCT
cblr-1216	290	29	under	under	ADP
cblr-1216	290	30	section	section	NOUN
cblr-1216	290	31	206(2).89	206(2).89	NUM
cblr-1216	290	32	the	the	DET
cblr-1216	290	33	firms	firm	NOUN
cblr-1216	290	34	also	also	ADV
cblr-1216	290	35	violated	violate	VERB
cblr-1216	290	36	section	section	NOUN
cblr-1216	290	37	206(4	206(4	NUM
cblr-1216	290	38	)	)	PUNCT
cblr-1216	290	39	prohibiting	prohibit	VERB
cblr-1216	290	40	an	an	DET
cblr-1216	290	41	investment	investment	NOUN
cblr-1216	290	42	advisor	advisor	NOUN
cblr-1216	290	43	to	to	ADP
cblr-1216	290	44	“	"	PUNCT
cblr-1216	290	45	[	[	X
cblr-1216	290	46	m]ake	m]ake	NOUN
cblr-1216	290	47	any	any	DET
cblr-1216	290	48	untrue	untrue	ADJ
cblr-1216	290	49	statement	statement	NOUN
cblr-1216	290	50	of	of	ADP
cblr-1216	290	51	a	a	DET
cblr-1216	290	52	material	material	ADJ
cblr-1216	290	53	fact	fact	NOUN
cblr-1216	290	54	or	or	CCONJ
cblr-1216	290	55	omit	omit	VERB
cblr-1216	290	56	to	to	PART
cblr-1216	290	57	state	state	VERB
cblr-1216	290	58	a	a	DET
cblr-1216	290	59	material	material	ADJ
cblr-1216	290	60	fact	fact	NOUN
cblr-1216	290	61	necessary	necessary	ADJ
cblr-1216	290	62	to	to	PART
cblr-1216	290	63	make	make	VERB
cblr-1216	290	64	the	the	DET
cblr-1216	290	65	statements	statement	NOUN
cblr-1216	290	66	made	make	VERB
cblr-1216	290	67	.	.	PUNCT
cblr-1216	291	1	”90	”90	PUNCT
cblr-1216	292	1	problematically	problematically	ADV
cblr-1216	292	2	,	,	PUNCT
cblr-1216	292	3	the	the	DET
cblr-1216	292	4	sec	sec	PROPN
cblr-1216	292	5	orders	order	NOUN
cblr-1216	292	6	never	never	ADV
cblr-1216	292	7	delineate	delineate	VERB
cblr-1216	292	8	the	the	DET
cblr-1216	292	9	difference	difference	NOUN
cblr-1216	292	10	between	between	ADP
cblr-1216	292	11	nondisclosure	nondisclosure	NOUN
cblr-1216	292	12	and	and	CCONJ
cblr-1216	292	13	fraud	fraud	NOUN
cblr-1216	292	14	.	.	PUNCT
cblr-1216	293	1	the	the	DET
cblr-1216	293	2	sec	sec	PROPN
cblr-1216	293	3	also	also	ADV
cblr-1216	293	4	failed	fail	VERB
cblr-1216	293	5	to	to	PART
cblr-1216	293	6	assign	assign	VERB
cblr-1216	293	7	any	any	DET
cblr-1216	293	8	weight	weight	NOUN
cblr-1216	293	9	to	to	ADP
cblr-1216	293	10	its	its	PRON
cblr-1216	293	11	finding	finding	NOUN
cblr-1216	293	12	in	in	ADP
cblr-1216	293	13	the	the	DET
cblr-1216	293	14	blackstone	blackstone	NOUN
cblr-1216	293	15	order	order	NOUN
cblr-1216	293	16	that	that	SCONJ
cblr-1216	293	17	,	,	PUNCT
cblr-1216	293	18	because	because	SCONJ
cblr-1216	293	19	the	the	DET
cblr-1216	293	20	accelerated	accelerated	ADJ
cblr-1216	293	21	fees	fee	NOUN
cblr-1216	293	22	were	be	AUX
cblr-1216	293	23	disclosed	disclose	VERB
cblr-1216	293	24	after	after	SCONJ
cblr-1216	293	25	they	they	PRON
cblr-1216	293	26	were	be	AUX
cblr-1216	293	27	taken	take	VERB
cblr-1216	293	28	,	,	PUNCT
cblr-1216	293	29	the	the	DET
cblr-1216	293	30	lpac	lpac	NOUN
cblr-1216	293	31	could	could	AUX
cblr-1216	293	32	have	have	AUX
cblr-1216	293	33	challenged	challenge	VERB
cblr-1216	293	34	the	the	DET
cblr-1216	293	35	fees	fee	NOUN
cblr-1216	293	36	but	but	CCONJ
cblr-1216	293	37	never	never	ADV
cblr-1216	293	38	did	do	VERB
cblr-1216	293	39	.	.	PUNCT
cblr-1216	294	1	it	it	PRON
cblr-1216	294	2	is	be	AUX
cblr-1216	294	3	possible	possible	ADJ
cblr-1216	294	4	that	that	SCONJ
cblr-1216	294	5	not	not	PART
cblr-1216	294	6	disclosing	disclose	VERB
cblr-1216	294	7	from	from	ADP
cblr-1216	294	8	the	the	DET
cblr-1216	294	9	outset	outset	NOUN
cblr-1216	294	10	the	the	DET
cblr-1216	294	11	practice	practice	NOUN
cblr-1216	294	12	of	of	ADP
cblr-1216	294	13	accelerating	accelerate	VERB
cblr-1216	294	14	monitoring	monitor	VERB
cblr-1216	294	15	fees	fee	NOUN
cblr-1216	294	16	is	be	AUX
cblr-1216	294	17	enough	enough	ADJ
cblr-1216	294	18	to	to	PART
cblr-1216	294	19	violate	violate	VERB
cblr-1216	294	20	section	section	NOUN
cblr-1216	294	21	206(4	206(4	NUM
cblr-1216	294	22	)	)	PUNCT
cblr-1216	294	23	,	,	PUNCT
cblr-1216	294	24	but	but	CCONJ
cblr-1216	294	25	it	it	PRON
cblr-1216	294	26	is	be	AUX
cblr-1216	294	27	also	also	ADV
cblr-1216	294	28	possible	possible	ADJ
cblr-1216	294	29	that	that	SCONJ
cblr-1216	294	30	disclosure	disclosure	NOUN
cblr-1216	294	31	after	after	SCONJ
cblr-1216	294	32	the	the	DET
cblr-1216	294	33	fact	fact	NOUN
cblr-1216	294	34	is	be	AUX
cblr-1216	294	35	enough	enough	ADJ
cblr-1216	294	36	to	to	PART
cblr-1216	294	37	fulfill	fulfill	VERB
cblr-1216	294	38	the	the	DET
cblr-1216	294	39	obligation	obligation	NOUN
cblr-1216	294	40	.	.	PUNCT
cblr-1216	295	1	one	one	NUM
cblr-1216	295	2	85	85	NUM
cblr-1216	295	3	i	i	PRON
cblr-1216	295	4	d.	d.	PROPN
cblr-1216	295	5	86	86	NUM
cblr-1216	296	1	i	i	PRON
cblr-1216	296	2	d.	d.	PROPN
cblr-1216	296	3	87	87	NUM
cblr-1216	297	1	i	i	PRON
cblr-1216	297	2	d.	d.	PROPN
cblr-1216	297	3	88	88	NUM
cblr-1216	298	1	i	i	PRON
cblr-1216	298	2	d.	d.	PROPN
cblr-1216	298	3	89	89	NUM
cblr-1216	298	4	15	15	NUM
cblr-1216	298	5	u.s.c	u.s.c	NOUN
cblr-1216	298	6	.	.	PUNCT
cblr-1216	299	1	§	§	PROPN
cblr-1216	299	2	80b-6(2	80b-6(2	NUM
cblr-1216	299	3	)	)	PUNCT
cblr-1216	299	4	(	(	PUNCT
cblr-1216	299	5	2017	2017	NUM
cblr-1216	299	6	)	)	PUNCT
cblr-1216	299	7	.	.	PUNCT
cblr-1216	300	1	90	90	NUM
cblr-1216	300	2	15	15	NUM
cblr-1216	300	3	u.s.c	u.s.c	NOUN
cblr-1216	300	4	.	.	PUNCT
cblr-1216	301	1	§	§	PROPN
cblr-1216	301	2	80b-6(4	80b-6(4	NUM
cblr-1216	301	3	)	)	PUNCT
cblr-1216	301	4	(	(	PUNCT
cblr-1216	301	5	2017	2017	NUM
cblr-1216	301	6	)	)	PUNCT
cblr-1216	301	7	.	.	PUNCT
cblr-1216	302	1	nadler_final	nadler_final	ADJ
cblr-1216	302	2	no	no	INTJ
cblr-1216	302	3	.	.	PUNCT
cblr-1216	303	1	1:254	1:254	NUM
cblr-1216	303	2	]	]	X
cblr-1216	303	3	federal	federal	ADJ
cblr-1216	303	4	fiduciary	fiduciary	ADJ
cblr-1216	303	5	duties	duty	NOUN
cblr-1216	303	6	and	and	CCONJ
cblr-1216	303	7	private	private	ADJ
cblr-1216	303	8	equity	equity	NOUN
cblr-1216	303	9	273	273	NUM
cblr-1216	303	10	could	could	AUX
cblr-1216	303	11	imagine	imagine	VERB
cblr-1216	303	12	a	a	DET
cblr-1216	303	13	spirited	spirited	ADJ
cblr-1216	303	14	argument	argument	NOUN
cblr-1216	303	15	on	on	ADP
cblr-1216	303	16	this	this	DET
cblr-1216	303	17	point	point	NOUN
cblr-1216	303	18	,	,	PUNCT
cblr-1216	303	19	yet	yet	CCONJ
cblr-1216	303	20	the	the	DET
cblr-1216	303	21	order	order	NOUN
cblr-1216	303	22	fails	fail	VERB
cblr-1216	303	23	to	to	PART
cblr-1216	303	24	articulate	articulate	VERB
cblr-1216	303	25	a	a	DET
cblr-1216	303	26	standard	standard	NOUN
cblr-1216	303	27	of	of	ADP
cblr-1216	303	28	disclosure	disclosure	NOUN
cblr-1216	303	29	.	.	PUNCT
cblr-1216	304	1	if	if	SCONJ
cblr-1216	304	2	,	,	PUNCT
cblr-1216	304	3	on	on	ADP
cblr-1216	304	4	the	the	DET
cblr-1216	304	5	other	other	ADJ
cblr-1216	304	6	hand	hand	NOUN
cblr-1216	304	7	,	,	PUNCT
cblr-1216	304	8	failure	failure	NOUN
cblr-1216	304	9	to	to	PART
cblr-1216	304	10	disclose	disclose	VERB
cblr-1216	304	11	that	that	SCONJ
cblr-1216	304	12	the	the	DET
cblr-1216	304	13	adviser	adviser	NOUN
cblr-1216	304	14	could	could	AUX
cblr-1216	304	15	accelerate	accelerate	VERB
cblr-1216	304	16	monitoring	monitoring	NOUN
cblr-1216	304	17	fees	fee	NOUN
cblr-1216	304	18	is	be	AUX
cblr-1216	304	19	fraudulent	fraudulent	ADJ
cblr-1216	304	20	,	,	PUNCT
cblr-1216	304	21	the	the	DET
cblr-1216	304	22	lpac	lpac	NOUN
cblr-1216	304	23	’s	’s	PART
cblr-1216	304	24	ability	ability	NOUN
cblr-1216	304	25	to	to	PART
cblr-1216	304	26	challenge	challenge	VERB
cblr-1216	304	27	fees	fee	NOUN
cblr-1216	304	28	is	be	AUX
cblr-1216	304	29	material	material	ADJ
cblr-1216	304	30	.	.	PUNCT
cblr-1216	305	1	the	the	DET
cblr-1216	305	2	existence	existence	NOUN
cblr-1216	305	3	of	of	ADP
cblr-1216	305	4	the	the	DET
cblr-1216	305	5	lpac	lpac	NOUN
cblr-1216	305	6	may	may	AUX
cblr-1216	305	7	constitute	constitute	VERB
cblr-1216	305	8	an	an	DET
cblr-1216	305	9	implicit	implicit	ADJ
cblr-1216	305	10	agreement	agreement	NOUN
cblr-1216	305	11	between	between	ADP
cblr-1216	305	12	the	the	DET
cblr-1216	305	13	parties	party	NOUN
cblr-1216	305	14	that	that	PRON
cblr-1216	305	15	blackstone	blackstone	NOUN
cblr-1216	305	16	has	have	VERB
cblr-1216	305	17	wide	wide	ADJ
cblr-1216	305	18	latitude	latitude	NOUN
cblr-1216	305	19	to	to	PART
cblr-1216	305	20	charge	charge	VERB
cblr-1216	305	21	all	all	DET
cblr-1216	305	22	kinds	kind	NOUN
cblr-1216	305	23	of	of	ADP
cblr-1216	305	24	fees	fee	NOUN
cblr-1216	305	25	,	,	PUNCT
cblr-1216	305	26	which	which	PRON
cblr-1216	305	27	the	the	DET
cblr-1216	305	28	lpac	lpac	NOUN
cblr-1216	305	29	then	then	ADV
cblr-1216	305	30	has	have	VERB
cblr-1216	305	31	the	the	DET
cblr-1216	305	32	ability	ability	NOUN
cblr-1216	305	33	to	to	PART
cblr-1216	305	34	challenge	challenge	VERB
cblr-1216	305	35	.	.	PUNCT
cblr-1216	306	1	these	these	DET
cblr-1216	306	2	orders	order	NOUN
cblr-1216	306	3	raise	raise	VERB
cblr-1216	306	4	more	more	ADJ
cblr-1216	306	5	questions	question	NOUN
cblr-1216	306	6	than	than	SCONJ
cblr-1216	306	7	they	they	PRON
cblr-1216	306	8	answer	answer	VERB
cblr-1216	306	9	,	,	PUNCT
cblr-1216	306	10	yet	yet	CCONJ
cblr-1216	306	11	there	there	PRON
cblr-1216	306	12	are	be	VERB
cblr-1216	306	13	several	several	ADJ
cblr-1216	306	14	concrete	concrete	ADJ
cblr-1216	306	15	takeaways	takeaway	NOUN
cblr-1216	306	16	from	from	ADP
cblr-1216	306	17	this	this	DET
cblr-1216	306	18	triad	triad	NOUN
cblr-1216	306	19	.	.	PUNCT
cblr-1216	307	1	first	first	ADV
cblr-1216	307	2	is	be	AUX
cblr-1216	307	3	a	a	DET
cblr-1216	307	4	firm	firm	ADJ
cblr-1216	307	5	notion	notion	NOUN
cblr-1216	307	6	,	,	PUNCT
cblr-1216	307	7	however	however	ADV
cblr-1216	307	8	vague	vague	ADJ
cblr-1216	307	9	,	,	PUNCT
cblr-1216	307	10	that	that	SCONJ
cblr-1216	307	11	the	the	DET
cblr-1216	307	12	federal	federal	ADJ
cblr-1216	307	13	fiduciary	fiduciary	ADJ
cblr-1216	307	14	standard	standard	NOUN
cblr-1216	307	15	requires	require	VERB
cblr-1216	307	16	full	full	ADJ
cblr-1216	307	17	disclosure	disclosure	NOUN
cblr-1216	307	18	to	to	ADP
cblr-1216	307	19	limited	limit	VERB
cblr-1216	307	20	partners	partner	NOUN
cblr-1216	307	21	by	by	ADP
cblr-1216	307	22	an	an	DET
cblr-1216	307	23	investment	investment	NOUN
cblr-1216	307	24	adviser	adviser	NOUN
cblr-1216	307	25	.	.	PUNCT
cblr-1216	308	1	although	although	SCONJ
cblr-1216	308	2	the	the	DET
cblr-1216	308	3	sec	sec	PROPN
cblr-1216	308	4	does	do	AUX
cblr-1216	308	5	not	not	PART
cblr-1216	308	6	make	make	VERB
cblr-1216	308	7	clear	clear	ADJ
cblr-1216	308	8	whether	whether	SCONJ
cblr-1216	308	9	that	that	DET
cblr-1216	308	10	disclosure	disclosure	NOUN
cblr-1216	308	11	falls	fall	VERB
cblr-1216	308	12	under	under	ADP
cblr-1216	308	13	section	section	NOUN
cblr-1216	308	14	206(2	206(2	NUM
cblr-1216	308	15	)	)	PUNCT
cblr-1216	308	16	or	or	CCONJ
cblr-1216	308	17	section	section	NOUN
cblr-1216	308	18	206(4	206(4	NUM
cblr-1216	308	19	)	)	PUNCT
cblr-1216	308	20	,	,	PUNCT
cblr-1216	308	21	it	it	PRON
cblr-1216	308	22	is	be	AUX
cblr-1216	308	23	clear	clear	ADJ
cblr-1216	308	24	that	that	SCONJ
cblr-1216	308	25	the	the	DET
cblr-1216	308	26	sec	sec	PROPN
cblr-1216	308	27	has	have	AUX
cblr-1216	308	28	made	make	VERB
cblr-1216	308	29	disclosure	disclosure	NOUN
cblr-1216	308	30	a	a	DET
cblr-1216	308	31	priority	priority	NOUN
cblr-1216	308	32	.	.	PUNCT
cblr-1216	309	1	the	the	DET
cblr-1216	309	2	second	second	ADJ
cblr-1216	309	3	takeaway	takeaway	NOUN
cblr-1216	309	4	is	be	AUX
cblr-1216	309	5	that	that	SCONJ
cblr-1216	309	6	the	the	DET
cblr-1216	309	7	sec	sec	PROPN
cblr-1216	309	8	does	do	AUX
cblr-1216	309	9	not	not	PART
cblr-1216	309	10	,	,	PUNCT
cblr-1216	309	11	for	for	ADP
cblr-1216	309	12	the	the	DET
cblr-1216	309	13	most	most	ADJ
cblr-1216	309	14	part	part	NOUN
cblr-1216	309	15	,	,	PUNCT
cblr-1216	309	16	consider	consider	VERB
cblr-1216	309	17	the	the	DET
cblr-1216	309	18	parties	party	NOUN
cblr-1216	309	19	’	’	PART
cblr-1216	309	20	expectations	expectation	NOUN
cblr-1216	309	21	in	in	ADP
cblr-1216	309	22	determining	determine	VERB
cblr-1216	309	23	whether	whether	SCONJ
cblr-1216	309	24	a	a	DET
cblr-1216	309	25	specific	specific	ADJ
cblr-1216	309	26	action	action	NOUN
cblr-1216	309	27	was	be	AUX
cblr-1216	309	28	a	a	DET
cblr-1216	309	29	violation	violation	NOUN
cblr-1216	309	30	of	of	ADP
cblr-1216	309	31	a	a	DET
cblr-1216	309	32	partner	partner	NOUN
cblr-1216	309	33	’s	’s	PART
cblr-1216	309	34	federal	federal	ADJ
cblr-1216	309	35	fiduciary	fiduciary	ADJ
cblr-1216	309	36	duty	duty	NOUN
cblr-1216	309	37	.	.	PUNCT
cblr-1216	310	1	even	even	ADV
cblr-1216	310	2	though	though	ADV
cblr-1216	310	3	,	,	PUNCT
cblr-1216	310	4	in	in	ADP
cblr-1216	310	5	the	the	DET
cblr-1216	310	6	sec	sec	PROPN
cblr-1216	310	7	’s	’s	PART
cblr-1216	310	8	words	word	NOUN
cblr-1216	310	9	,	,	PUNCT
cblr-1216	310	10	“	"	PUNCT
cblr-1216	310	11	a	a	DET
cblr-1216	310	12	violation	violation	NOUN
cblr-1216	310	13	of	of	ADP
cblr-1216	310	14	section	section	NOUN
cblr-1216	310	15	206(2	206(2	NUM
cblr-1216	310	16	)	)	PUNCT
cblr-1216	310	17	of	of	ADP
cblr-1216	310	18	the	the	DET
cblr-1216	310	19	advisers	adviser	NOUN
cblr-1216	310	20	act	act	VERB
cblr-1216	310	21	may	may	AUX
cblr-1216	310	22	rest	rest	VERB
cblr-1216	310	23	on	on	ADP
cblr-1216	310	24	a	a	DET
cblr-1216	310	25	finding	finding	NOUN
cblr-1216	310	26	of	of	ADP
cblr-1216	310	27	simple	simple	ADJ
cblr-1216	310	28	negligence,”91	negligence,”91	NUM
cblr-1216	310	29	there	there	PRON
cblr-1216	310	30	is	be	VERB
cblr-1216	310	31	no	no	DET
cblr-1216	310	32	reference	reference	NOUN
cblr-1216	310	33	to	to	ADP
cblr-1216	310	34	the	the	DET
cblr-1216	310	35	reasonable	reasonable	ADJ
cblr-1216	310	36	expectations	expectation	NOUN
cblr-1216	310	37	of	of	ADP
cblr-1216	310	38	the	the	DET
cblr-1216	310	39	parties	party	NOUN
cblr-1216	310	40	.	.	PUNCT
cblr-1216	311	1	this	this	PRON
cblr-1216	311	2	has	have	AUX
cblr-1216	311	3	essentially	essentially	ADV
cblr-1216	311	4	created	create	VERB
cblr-1216	311	5	a	a	DET
cblr-1216	311	6	strict	strict	ADJ
cblr-1216	311	7	liability	liability	NOUN
cblr-1216	311	8	rule	rule	NOUN
cblr-1216	311	9	.	.	PUNCT
cblr-1216	312	1	the	the	DET
cblr-1216	312	2	many	many	ADJ
cblr-1216	312	3	questions	question	NOUN
cblr-1216	312	4	these	these	DET
cblr-1216	312	5	orders	order	NOUN
cblr-1216	312	6	leave	leave	VERB
cblr-1216	312	7	open	open	ADJ
cblr-1216	312	8	reflect	reflect	VERB
cblr-1216	312	9	the	the	DET
cblr-1216	312	10	uncertainties	uncertainty	NOUN
cblr-1216	312	11	of	of	ADP
cblr-1216	312	12	practitioners	practitioner	NOUN
cblr-1216	312	13	who	who	PRON
cblr-1216	312	14	work	work	VERB
cblr-1216	312	15	with	with	ADP
cblr-1216	312	16	the	the	DET
cblr-1216	312	17	applicable	applicable	ADJ
cblr-1216	312	18	iaa	iaa	ADJ
cblr-1216	312	19	provisions	provision	NOUN
cblr-1216	312	20	.	.	PUNCT
cblr-1216	313	1	as	as	SCONJ
cblr-1216	313	2	one	one	NUM
cblr-1216	313	3	author	author	NOUN
cblr-1216	313	4	notes	note	VERB
cblr-1216	313	5	,	,	PUNCT
cblr-1216	313	6	“	"	PUNCT
cblr-1216	313	7	[	[	X
cblr-1216	313	8	s]ome	s]ome	NOUN
cblr-1216	313	9	practitioners	practitioner	NOUN
cblr-1216	313	10	believe	believe	VERB
cblr-1216	313	11	that	that	SCONJ
cblr-1216	313	12	section	section	NOUN
cblr-1216	313	13	206	206	NUM
cblr-1216	313	14	essentially	essentially	ADV
cblr-1216	313	15	imposes	impose	VERB
cblr-1216	313	16	a	a	DET
cblr-1216	313	17	disclosure	disclosure	NOUN
cblr-1216	313	18	requirement	requirement	NOUN
cblr-1216	313	19	on	on	ADP
cblr-1216	313	20	advisers	adviser	NOUN
cblr-1216	313	21	.	.	PUNCT
cblr-1216	313	22	.	.	PUNCT
cblr-1216	313	23	.	.	PUNCT
cblr-1216	313	24	.	.	PUNCT
cblr-1216	314	1	followers	follower	NOUN
cblr-1216	314	2	of	of	ADP
cblr-1216	314	3	this	this	DET
cblr-1216	314	4	interpretation	interpretation	NOUN
cblr-1216	314	5	believe	believe	VERB
cblr-1216	314	6	that	that	SCONJ
cblr-1216	314	7	the	the	DET
cblr-1216	314	8	fundamental	fundamental	ADJ
cblr-1216	314	9	duty	duty	NOUN
cblr-1216	314	10	imposed	impose	VERB
cblr-1216	314	11	by	by	ADP
cblr-1216	314	12	section	section	NOUN
cblr-1216	314	13	206	206	NUM
cblr-1216	314	14	is	be	AUX
cblr-1216	314	15	to	to	PART
cblr-1216	314	16	make	make	VERB
cblr-1216	314	17	full	full	ADJ
cblr-1216	314	18	and	and	CCONJ
cblr-1216	314	19	fair	fair	ADJ
cblr-1216	314	20	disclosure	disclosure	NOUN
cblr-1216	314	21	to	to	ADP
cblr-1216	314	22	clients	client	NOUN
cblr-1216	314	23	.	.	PUNCT
cblr-1216	315	1	”92	”92	ADJ
cblr-1216	315	2	another	another	DET
cblr-1216	315	3	camp	camp	NOUN
cblr-1216	315	4	views	view	NOUN
cblr-1216	315	5	section	section	NOUN
cblr-1216	315	6	206	206	NUM
cblr-1216	315	7	as	as	ADP
cblr-1216	315	8	“	"	PUNCT
cblr-1216	315	9	imposing	impose	VERB
cblr-1216	315	10	substantive	substantive	ADJ
cblr-1216	315	11	regulatory	regulatory	ADJ
cblr-1216	315	12	requirements	requirement	NOUN
cblr-1216	315	13	on	on	ADP
cblr-1216	315	14	advisers	adviser	NOUN
cblr-1216	315	15	in	in	ADP
cblr-1216	315	16	addition	addition	NOUN
cblr-1216	315	17	to	to	ADP
cblr-1216	315	18	disclosure	disclosure	NOUN
cblr-1216	315	19	obligations	obligation	NOUN
cblr-1216	315	20	.	.	PUNCT
cblr-1216	316	1	”93	”93	ADV
cblr-1216	316	2	under	under	ADP
cblr-1216	316	3	this	this	DET
cblr-1216	316	4	view	view	NOUN
cblr-1216	316	5	,	,	PUNCT
cblr-1216	316	6	“	"	PUNCT
cblr-1216	316	7	making	make	VERB
cblr-1216	316	8	full	full	ADJ
cblr-1216	316	9	disclosure	disclosure	NOUN
cblr-1216	316	10	or	or	CCONJ
cblr-1216	316	11	obtaining	obtain	VERB
cblr-1216	316	12	client	client	NOUN
cblr-1216	316	13	consent	consent	NOUN
cblr-1216	316	14	may	may	AUX
cblr-1216	316	15	not	not	PART
cblr-1216	316	16	,	,	PUNCT
cblr-1216	316	17	91	91	NUM
cblr-1216	316	18	apollo	apollo	PROPN
cblr-1216	316	19	mgmt	mgmt	PROPN
cblr-1216	316	20	.	.	PUNCT
cblr-1216	317	1	v	v	NOUN
cblr-1216	317	2	,	,	PUNCT
cblr-1216	317	3	investment	investment	NOUN
cblr-1216	317	4	advisers	adviser	NOUN
cblr-1216	317	5	act	act	VERB
cblr-1216	317	6	release	release	VERB
cblr-1216	317	7	no	no	NOUN
cblr-1216	317	8	.	.	NOUN
cblr-1216	317	9	4493	4493	NUM
cblr-1216	317	10	,	,	PUNCT
cblr-1216	317	11	2016	2016	NUM
cblr-1216	317	12	wl	wl	NOUN
cblr-1216	317	13	4497198	4497198	NUM
cblr-1216	317	14	(	(	PUNCT
cblr-1216	317	15	aug	aug	PROPN
cblr-1216	317	16	.	.	PROPN
cblr-1216	317	17	23	23	NUM
cblr-1216	317	18	,	,	PUNCT
cblr-1216	317	19	2016	2016	NUM
cblr-1216	317	20	)	)	PUNCT
cblr-1216	317	21	.	.	PUNCT
cblr-1216	318	1	92	92	NUM
cblr-1216	318	2	lemke	lemke	NOUN
cblr-1216	318	3	&	&	CCONJ
cblr-1216	318	4	lins	lins	PROPN
cblr-1216	318	5	,	,	PUNCT
cblr-1216	318	6	supra	supra	PROPN
cblr-1216	318	7	note	note	NOUN
cblr-1216	318	8	20	20	NUM
cblr-1216	318	9	,	,	PUNCT
cblr-1216	318	10	at	at	ADP
cblr-1216	318	11	§	§	PROPN
cblr-1216	318	12	2:30	2:30	NUM
cblr-1216	318	13	.	.	PUNCT
cblr-1216	319	1	93	93	NUM
cblr-1216	320	1	i	i	PRON
cblr-1216	320	2	d.	d.	PROPN
cblr-1216	320	3	nadler_final	nadler_final	PROPN
cblr-1216	320	4	274	274	NUM
cblr-1216	320	5	columbia	columbia	PROPN
cblr-1216	320	6	business	business	NOUN
cblr-1216	320	7	law	law	NOUN
cblr-1216	320	8	review	review	NOUN
cblr-1216	320	9	[	[	X
cblr-1216	320	10	vol	vol	NOUN
cblr-1216	320	11	.	.	NOUN
cblr-1216	320	12	2018	2018	NUM
cblr-1216	320	13	by	by	ADP
cblr-1216	320	14	itself	itself	PRON
cblr-1216	320	15	,	,	PUNCT
cblr-1216	320	16	be	be	AUX
cblr-1216	320	17	sufficient	sufficient	ADJ
cblr-1216	320	18	to	to	PART
cblr-1216	320	19	insulate	insulate	VERB
cblr-1216	320	20	an	an	DET
cblr-1216	320	21	adviser	adviser	NOUN
cblr-1216	320	22	from	from	ADP
cblr-1216	320	23	liability	liability	NOUN
cblr-1216	320	24	if	if	SCONJ
cblr-1216	320	25	the	the	DET
cblr-1216	320	26	adviser	adviser	NOUN
cblr-1216	320	27	is	be	AUX
cblr-1216	320	28	not	not	PART
cblr-1216	320	29	acting	act	VERB
cblr-1216	320	30	in	in	ADP
cblr-1216	320	31	the	the	DET
cblr-1216	320	32	best	good	ADJ
cblr-1216	320	33	interests	interest	NOUN
cblr-1216	320	34	of	of	ADP
cblr-1216	320	35	clients	client	NOUN
cblr-1216	320	36	consistent	consistent	ADJ
cblr-1216	320	37	with	with	ADP
cblr-1216	320	38	its	its	PRON
cblr-1216	320	39	fiduciary	fiduciary	ADJ
cblr-1216	320	40	obligation	obligation	NOUN
cblr-1216	320	41	.	.	PUNCT
cblr-1216	321	1	”94	”94	NOUN
cblr-1216	321	2	these	these	DET
cblr-1216	321	3	orders	order	NOUN
cblr-1216	321	4	seem	seem	VERB
cblr-1216	321	5	to	to	PART
cblr-1216	321	6	straddle	straddle	VERB
cblr-1216	321	7	both	both	DET
cblr-1216	321	8	interpretations	interpretation	NOUN
cblr-1216	321	9	.	.	PUNCT
cblr-1216	322	1	if	if	SCONJ
cblr-1216	322	2	the	the	DET
cblr-1216	322	3	federal	federal	ADJ
cblr-1216	322	4	fiduciary	fiduciary	ADJ
cblr-1216	322	5	standard	standard	NOUN
cblr-1216	322	6	merely	merely	ADV
cblr-1216	322	7	consists	consist	VERB
cblr-1216	322	8	of	of	ADP
cblr-1216	322	9	a	a	DET
cblr-1216	322	10	full	full	ADJ
cblr-1216	322	11	disclosure	disclosure	NOUN
cblr-1216	322	12	requirement	requirement	NOUN
cblr-1216	322	13	,	,	PUNCT
cblr-1216	322	14	then	then	ADV
cblr-1216	322	15	locating	locate	VERB
cblr-1216	322	16	it	it	PRON
cblr-1216	322	17	within	within	ADP
cblr-1216	322	18	section	section	NOUN
cblr-1216	322	19	206(2	206(2	NUM
cblr-1216	322	20	)	)	PUNCT
cblr-1216	322	21	or	or	CCONJ
cblr-1216	322	22	206(4	206(4	NUM
cblr-1216	322	23	)	)	PUNCT
cblr-1216	322	24	is	be	AUX
cblr-1216	322	25	not	not	PART
cblr-1216	322	26	particularly	particularly	ADV
cblr-1216	322	27	difficult	difficult	ADJ
cblr-1216	322	28	.	.	PUNCT
cblr-1216	323	1	however	however	ADV
cblr-1216	323	2	,	,	PUNCT
cblr-1216	323	3	the	the	DET
cblr-1216	323	4	second	second	ADJ
cblr-1216	323	5	interpretation	interpretation	NOUN
cblr-1216	323	6	is	be	AUX
cblr-1216	323	7	much	much	ADV
cblr-1216	323	8	more	more	ADV
cblr-1216	323	9	concerning	concerning	ADJ
cblr-1216	323	10	.	.	PUNCT
cblr-1216	324	1	as	as	SCONJ
cblr-1216	324	2	noted	note	VERB
cblr-1216	324	3	above	above	ADV
cblr-1216	324	4	,	,	PUNCT
cblr-1216	324	5	blackstone	blackstone	NOUN
cblr-1216	324	6	did	do	AUX
cblr-1216	324	7	disclose	disclose	VERB
cblr-1216	324	8	the	the	DET
cblr-1216	324	9	acceleration	acceleration	NOUN
cblr-1216	324	10	of	of	ADP
cblr-1216	324	11	monitoring	monitor	VERB
cblr-1216	324	12	fees	fee	NOUN
cblr-1216	324	13	after	after	SCONJ
cblr-1216	324	14	it	it	PRON
cblr-1216	324	15	took	take	VERB
cblr-1216	324	16	those	those	DET
cblr-1216	324	17	fees.95	fees.95	NOUN
cblr-1216	324	18	the	the	DET
cblr-1216	324	19	second	second	ADJ
cblr-1216	324	20	interpretation	interpretation	NOUN
cblr-1216	324	21	is	be	AUX
cblr-1216	324	22	inherently	inherently	ADV
cblr-1216	324	23	complex	complex	ADJ
cblr-1216	324	24	yet	yet	CCONJ
cblr-1216	324	25	the	the	DET
cblr-1216	324	26	orders	order	NOUN
cblr-1216	324	27	cited	cite	VERB
cblr-1216	324	28	above	above	ADV
cblr-1216	324	29	are	be	AUX
cblr-1216	324	30	bereft	bereft	ADJ
cblr-1216	324	31	of	of	ADP
cblr-1216	324	32	nuance	nuance	NOUN
cblr-1216	324	33	.	.	PUNCT
cblr-1216	325	1	it	it	PRON
cblr-1216	325	2	is	be	AUX
cblr-1216	325	3	essential	essential	ADJ
cblr-1216	325	4	to	to	PART
cblr-1216	325	5	understand	understand	VERB
cblr-1216	325	6	the	the	DET
cblr-1216	325	7	significance	significance	NOUN
cblr-1216	325	8	of	of	ADP
cblr-1216	325	9	these	these	DET
cblr-1216	325	10	uncertainties	uncertainty	NOUN
cblr-1216	325	11	:	:	PUNCT
cblr-1216	325	12	private	private	ADJ
cblr-1216	325	13	equity	equity	NOUN
cblr-1216	325	14	sponsors	sponsor	NOUN
cblr-1216	325	15	are	be	AUX
cblr-1216	325	16	now	now	ADV
cblr-1216	325	17	subject	subject	ADJ
cblr-1216	325	18	to	to	ADP
cblr-1216	325	19	the	the	DET
cblr-1216	325	20	iaa	iaa	NOUN
cblr-1216	325	21	.	.	PUNCT
cblr-1216	326	1	even	even	ADV
cblr-1216	326	2	with	with	ADP
cblr-1216	326	3	little	little	ADJ
cblr-1216	326	4	guidance	guidance	NOUN
cblr-1216	326	5	from	from	ADP
cblr-1216	326	6	the	the	DET
cblr-1216	326	7	sec	sec	PROPN
cblr-1216	326	8	,	,	PUNCT
cblr-1216	326	9	private	private	ADJ
cblr-1216	326	10	equity	equity	NOUN
cblr-1216	326	11	firms	firm	NOUN
cblr-1216	326	12	must	must	AUX
cblr-1216	326	13	still	still	ADV
cblr-1216	326	14	structure	structure	VERB
cblr-1216	326	15	their	their	PRON
cblr-1216	326	16	conduct	conduct	NOUN
cblr-1216	326	17	to	to	PART
cblr-1216	326	18	conform	conform	VERB
cblr-1216	326	19	with	with	ADP
cblr-1216	326	20	the	the	DET
cblr-1216	326	21	law	law	NOUN
cblr-1216	326	22	to	to	PART
cblr-1216	326	23	avoid	avoid	VERB
cblr-1216	326	24	facing	face	VERB
cblr-1216	326	25	sanction	sanction	NOUN
cblr-1216	326	26	.	.	PUNCT
cblr-1216	327	1	turning	turn	VERB
cblr-1216	327	2	to	to	ADP
cblr-1216	327	3	case	case	NOUN
cblr-1216	327	4	law	law	NOUN
cblr-1216	327	5	also	also	ADV
cblr-1216	327	6	provides	provide	VERB
cblr-1216	327	7	little	little	ADJ
cblr-1216	327	8	clarity	clarity	NOUN
cblr-1216	327	9	.	.	PUNCT
cblr-1216	328	1	in	in	ADP
cblr-1216	328	2	steadman	steadman	PROPN
cblr-1216	328	3	v.	v.	PROPN
cblr-1216	328	4	s.e.c	s.e.c	PROPN
cblr-1216	328	5	.	.	PUNCT
cblr-1216	328	6	,	,	PUNCT
cblr-1216	328	7	the	the	DET
cblr-1216	328	8	fifth	fifth	ADJ
cblr-1216	328	9	circuit	circuit	NOUN
cblr-1216	328	10	held	hold	VERB
cblr-1216	328	11	that	that	SCONJ
cblr-1216	328	12	the	the	DET
cblr-1216	328	13	federal	federal	ADJ
cblr-1216	328	14	fiduciary	fiduciary	ADJ
cblr-1216	328	15	duty	duty	NOUN
cblr-1216	328	16	for	for	ADP
cblr-1216	328	17	advisers	adviser	NOUN
cblr-1216	328	18	does	do	AUX
cblr-1216	328	19	not	not	PART
cblr-1216	328	20	include	include	VERB
cblr-1216	328	21	all	all	DET
cblr-1216	328	22	breaches	breach	NOUN
cblr-1216	328	23	of	of	ADP
cblr-1216	328	24	fiduciary	fiduciary	ADJ
cblr-1216	328	25	obligation.96	obligation.96	NOUN
cblr-1216	328	26	the	the	DET
cblr-1216	328	27	court	court	NOUN
cblr-1216	328	28	noted	note	VERB
cblr-1216	328	29	that	that	SCONJ
cblr-1216	328	30	“	"	PUNCT
cblr-1216	328	31	we	we	PRON
cblr-1216	328	32	do	do	AUX
cblr-1216	328	33	not	not	PART
cblr-1216	328	34	think	think	VERB
cblr-1216	328	35	this	this	DET
cblr-1216	328	36	overall	overall	ADJ
cblr-1216	328	37	purpose	purpose	NOUN
cblr-1216	329	1	[	[	X
cblr-1216	329	2	of	of	ADP
cblr-1216	329	3	the	the	DET
cblr-1216	329	4	iaa	iaa	NOUN
cblr-1216	329	5	]	]	PUNCT
cblr-1216	329	6	is	be	AUX
cblr-1216	329	7	a	a	DET
cblr-1216	329	8	warrant	warrant	NOUN
cblr-1216	329	9	to	to	PART
cblr-1216	329	10	read	read	VERB
cblr-1216	329	11	sections	section	NOUN
cblr-1216	329	12	206(1	206(1	NUM
cblr-1216	329	13	)	)	PUNCT
cblr-1216	329	14	and	and	CCONJ
cblr-1216	329	15	(	(	PUNCT
cblr-1216	329	16	2	2	X
cblr-1216	329	17	)	)	PUNCT
cblr-1216	329	18	of	of	ADP
cblr-1216	329	19	the	the	DET
cblr-1216	329	20	iaa	iaa	NOUN
cblr-1216	329	21	.	.	PUNCT
cblr-1216	329	22	.	.	PUNCT
cblr-1216	330	1	.	.	PUNCT
cblr-1216	331	1	as	as	SCONJ
cblr-1216	331	2	the	the	DET
cblr-1216	331	3	vehicle	vehicle	NOUN
cblr-1216	331	4	to	to	PART
cblr-1216	331	5	reach	reach	VERB
cblr-1216	331	6	all	all	DET
cblr-1216	331	7	breaches	breach	NOUN
cblr-1216	331	8	of	of	ADP
cblr-1216	331	9	fiduciary	fiduciary	ADJ
cblr-1216	331	10	trust	trust	NOUN
cblr-1216	331	11	.	.	PUNCT
cblr-1216	331	12	.	.	PUNCT
cblr-1216	332	1	.	.	PUNCT
cblr-1216	333	1	.	.	PUNCT
cblr-1216	334	1	the	the	DET
cblr-1216	334	2	commission	commission	NOUN
cblr-1216	334	3	may	may	AUX
cblr-1216	334	4	impose	impose	VERB
cblr-1216	334	5	sanctions	sanction	NOUN
cblr-1216	334	6	only	only	ADV
cblr-1216	334	7	for	for	ADP
cblr-1216	334	8	violations	violation	NOUN
cblr-1216	334	9	of	of	ADP
cblr-1216	334	10	the	the	DET
cblr-1216	334	11	statutes	statute	NOUN
cblr-1216	334	12	assigned	assign	VERB
cblr-1216	334	13	to	to	ADP
cblr-1216	334	14	its	its	PRON
cblr-1216	334	15	jurisdiction	jurisdiction	NOUN
cblr-1216	334	16	.	.	PUNCT
cblr-1216	334	17	.	.	PUNCT
cblr-1216	334	18	.	.	PUNCT
cblr-1216	335	1	.”97	.”97	X
cblr-1216	336	1	this	this	DET
cblr-1216	336	2	holding	holding	NOUN
cblr-1216	336	3	does	do	VERB
cblr-1216	336	4	nothing	nothing	PRON
cblr-1216	336	5	but	but	CCONJ
cblr-1216	336	6	beg	beg	VERB
cblr-1216	336	7	the	the	DET
cblr-1216	336	8	question	question	NOUN
cblr-1216	336	9	of	of	ADP
cblr-1216	336	10	what	what	PRON
cblr-1216	336	11	exactly	exactly	ADV
cblr-1216	336	12	constitutes	constitute	VERB
cblr-1216	336	13	a	a	DET
cblr-1216	336	14	violation	violation	NOUN
cblr-1216	336	15	of	of	ADP
cblr-1216	336	16	the	the	DET
cblr-1216	336	17	standard	standard	NOUN
cblr-1216	336	18	.	.	PUNCT
cblr-1216	337	1	one	one	PRON
cblr-1216	337	2	may	may	AUX
cblr-1216	337	3	try	try	VERB
cblr-1216	337	4	to	to	PART
cblr-1216	337	5	remedy	remedy	VERB
cblr-1216	337	6	this	this	DET
cblr-1216	337	7	murkiness	murkiness	NOUN
cblr-1216	337	8	by	by	ADP
cblr-1216	337	9	referencing	reference	VERB
cblr-1216	337	10	fiduciary	fiduciary	ADJ
cblr-1216	337	11	requirements	requirement	NOUN
cblr-1216	337	12	under	under	ADP
cblr-1216	337	13	state	state	NOUN
cblr-1216	337	14	common	common	ADJ
cblr-1216	337	15	law	law	NOUN
cblr-1216	337	16	.	.	PUNCT
cblr-1216	338	1	however	however	ADV
cblr-1216	338	2	,	,	PUNCT
cblr-1216	338	3	professor	professor	PROPN
cblr-1216	338	4	arthur	arthur	PROPN
cblr-1216	338	5	laby	laby	PROPN
cblr-1216	338	6	notes	note	VERB
cblr-1216	338	7	that	that	SCONJ
cblr-1216	338	8	the	the	DET
cblr-1216	338	9	fifth	fifth	ADJ
cblr-1216	338	10	circuit	circuit	NOUN
cblr-1216	338	11	in	in	ADP
cblr-1216	338	12	a	a	DET
cblr-1216	338	13	1990	1990	NUM
cblr-1216	338	14	decision98	decision98	NOUN
cblr-1216	338	15	conveyed	convey	VERB
cblr-1216	338	16	that	that	SCONJ
cblr-1216	338	17	the	the	DET
cblr-1216	338	18	federal	federal	ADJ
cblr-1216	338	19	standard	standard	NOUN
cblr-1216	338	20	is	be	AUX
cblr-1216	338	21	“	"	PUNCT
cblr-1216	338	22	not	not	PART
cblr-1216	338	23	as	as	ADV
cblr-1216	338	24	far	far	ADV
cblr-1216	338	25	-	-	PUNCT
cblr-1216	338	26	reaching	reach	VERB
cblr-1216	338	27	as	as	ADP
cblr-1216	338	28	the	the	DET
cblr-1216	338	29	state	state	NOUN
cblr-1216	338	30	common	common	ADJ
cblr-1216	338	31	law	law	NOUN
cblr-1216	338	32	of	of	ADP
cblr-1216	338	33	fiduciary	fiduciary	ADJ
cblr-1216	338	34	obligation	obligation	NOUN
cblr-1216	338	35	,	,	PUNCT
cblr-1216	338	36	”	"	PUNCT
cblr-1216	338	37	whereas	whereas	SCONJ
cblr-1216	338	38	santa	santa	PROPN
cblr-1216	338	39	fe	fe	PROPN
cblr-1216	338	40	can	can	AUX
cblr-1216	338	41	be	be	AUX
cblr-1216	338	42	read	read	VERB
cblr-1216	338	43	to	to	PART
cblr-1216	338	44	condone	condone	VERB
cblr-1216	338	45	“	"	PUNCT
cblr-1216	338	46	a	a	DET
cblr-1216	338	47	federal	federal	ADJ
cblr-1216	338	48	fiduciary	fiduciary	ADJ
cblr-1216	338	49	94	94	NUM
cblr-1216	339	1	i	i	PROPN
cblr-1216	339	2	d.	d.	PROPN
cblr-1216	339	3	95	95	NUM
cblr-1216	339	4	blackstone	blackstone	NOUN
cblr-1216	339	5	mgmt	mgmt	PROPN
cblr-1216	339	6	.	.	PUNCT
cblr-1216	340	1	partners	partner	NOUN
cblr-1216	340	2	,	,	PUNCT
cblr-1216	340	3	investment	investment	NOUN
cblr-1216	340	4	advisers	adviser	NOUN
cblr-1216	340	5	act	act	VERB
cblr-1216	340	6	release	release	VERB
cblr-1216	340	7	no	no	NOUN
cblr-1216	340	8	.	.	NOUN
cblr-1216	340	9	4219	4219	NUM
cblr-1216	340	10	,	,	PUNCT
cblr-1216	340	11	2015	2015	NUM
cblr-1216	340	12	wl	wl	NOUN
cblr-1216	340	13	5834037	5834037	NUM
cblr-1216	340	14	(	(	PUNCT
cblr-1216	340	15	oct	oct	PROPN
cblr-1216	340	16	.	.	PROPN
cblr-1216	340	17	7	7	NUM
cblr-1216	340	18	,	,	PUNCT
cblr-1216	340	19	2015	2015	NUM
cblr-1216	340	20	)	)	PUNCT
cblr-1216	340	21	.	.	PUNCT
cblr-1216	341	1	96	96	NUM
cblr-1216	341	2	see	see	VERB
cblr-1216	341	3	steadman	steadman	PROPN
cblr-1216	341	4	v.	v.	PROPN
cblr-1216	341	5	sec	sec	PROPN
cblr-1216	341	6	,	,	PUNCT
cblr-1216	341	7	603	603	NUM
cblr-1216	341	8	f.2d	f.2d	NOUN
cblr-1216	341	9	1126	1126	NUM
cblr-1216	341	10	,	,	PUNCT
cblr-1216	341	11	1142	1142	NUM
cblr-1216	341	12	(	(	PUNCT
cblr-1216	341	13	5th	5th	ADJ
cblr-1216	341	14	cir	cir	NOUN
cblr-1216	341	15	.	.	PUNCT
cblr-1216	341	16	1979	1979	NUM
cblr-1216	341	17	)	)	PUNCT
cblr-1216	341	18	.	.	PUNCT
cblr-1216	342	1	97	97	NUM
cblr-1216	343	1	i	i	PRON
cblr-1216	343	2	d.	d.	PROPN
cblr-1216	343	3	98	98	NUM
cblr-1216	343	4	laird	laird	PROPN
cblr-1216	343	5	v.	v.	ADP
cblr-1216	343	6	integrated	integrate	VERB
cblr-1216	343	7	res	re	NOUN
cblr-1216	343	8	.	.	PROPN
cblr-1216	343	9	,	,	PUNCT
cblr-1216	343	10	inc	inc	PROPN
cblr-1216	343	11	.	.	PROPN
cblr-1216	343	12	,	,	PUNCT
cblr-1216	343	13	897	897	NUM
cblr-1216	343	14	f.2d	f.2d	ADP
cblr-1216	343	15	826	826	NUM
cblr-1216	343	16	,	,	PUNCT
cblr-1216	343	17	831–32	831–32	NUM
cblr-1216	343	18	(	(	PUNCT
cblr-1216	343	19	5th	5th	ADJ
cblr-1216	343	20	cir	cir	NOUN
cblr-1216	343	21	.	.	PUNCT
cblr-1216	343	22	1990	1990	NUM
cblr-1216	343	23	)	)	PUNCT
cblr-1216	343	24	.	.	PUNCT
cblr-1216	344	1	nadler_final	nadler_final	ADJ
cblr-1216	344	2	no	no	INTJ
cblr-1216	344	3	.	.	PUNCT
cblr-1216	345	1	1:254	1:254	NUM
cblr-1216	345	2	]	]	X
cblr-1216	345	3	federal	federal	ADJ
cblr-1216	345	4	fiduciary	fiduciary	ADJ
cblr-1216	345	5	duties	duty	NOUN
cblr-1216	345	6	and	and	CCONJ
cblr-1216	345	7	private	private	ADJ
cblr-1216	345	8	equity	equity	NOUN
cblr-1216	345	9	275	275	NUM
cblr-1216	345	10	duty	duty	NOUN
cblr-1216	345	11	.	.	PUNCT
cblr-1216	345	12	.	.	PUNCT
cblr-1216	346	1	.	.	PUNCT
cblr-1216	347	1	broader	broad	ADJ
cblr-1216	347	2	than	than	ADP
cblr-1216	347	3	state	state	NOUN
cblr-1216	347	4	law	law	NOUN
cblr-1216	347	5	because	because	SCONJ
cblr-1216	347	6	of	of	ADP
cblr-1216	347	7	the	the	DET
cblr-1216	347	8	quest	quest	NOUN
cblr-1216	347	9	for	for	ADP
cblr-1216	347	10	uniformity	uniformity	NOUN
cblr-1216	347	11	.	.	PUNCT
cblr-1216	348	1	”99	”99	PROPN
cblr-1216	348	2	5	5	NUM
cblr-1216	348	3	.	.	PUNCT
cblr-1216	348	4	impacts	impact	NOUN
cblr-1216	348	5	of	of	ADP
cblr-1216	348	6	dodd	dodd	PROPN
cblr-1216	348	7	-	-	PUNCT
cblr-1216	348	8	frank	frank	PROPN
cblr-1216	348	9	and	and	CCONJ
cblr-1216	348	10	sec	sec	PROPN
cblr-1216	348	11	enforcement	enforcement	NOUN
cblr-1216	348	12	actions	action	NOUN
cblr-1216	348	13	as	as	SCONJ
cblr-1216	348	14	noted	note	VERB
cblr-1216	348	15	above	above	ADV
cblr-1216	348	16	,	,	PUNCT
cblr-1216	348	17	the	the	DET
cblr-1216	348	18	sec	sec	PROPN
cblr-1216	348	19	’s	’s	PART
cblr-1216	348	20	approach	approach	NOUN
cblr-1216	348	21	to	to	ADP
cblr-1216	348	22	policing	police	VERB
cblr-1216	348	23	private	private	ADJ
cblr-1216	348	24	equity	equity	NOUN
cblr-1216	348	25	sponsors	sponsor	NOUN
cblr-1216	348	26	’	'	PUNCT
cblr-1216	348	27	conduct	conduct	NOUN
cblr-1216	348	28	under	under	ADP
cblr-1216	348	29	the	the	DET
cblr-1216	348	30	iaa	iaa	NOUN
cblr-1216	348	31	’s	’s	PART
cblr-1216	348	32	fiduciary	fiduciary	ADJ
cblr-1216	348	33	duties	duty	NOUN
cblr-1216	348	34	is	be	AUX
cblr-1216	348	35	problematic	problematic	ADJ
cblr-1216	348	36	because	because	SCONJ
cblr-1216	348	37	it	it	PRON
cblr-1216	348	38	fails	fail	VERB
cblr-1216	348	39	to	to	PART
cblr-1216	348	40	give	give	VERB
cblr-1216	348	41	meaningful	meaningful	ADJ
cblr-1216	348	42	guidance	guidance	NOUN
cblr-1216	348	43	for	for	ADP
cblr-1216	348	44	future	future	ADJ
cblr-1216	348	45	conduct	conduct	NOUN
cblr-1216	348	46	or	or	CCONJ
cblr-1216	348	47	to	to	PART
cblr-1216	348	48	appreciate	appreciate	VERB
cblr-1216	348	49	the	the	DET
cblr-1216	348	50	sophistication	sophistication	NOUN
cblr-1216	348	51	of	of	ADP
cblr-1216	348	52	the	the	DET
cblr-1216	348	53	contracting	contracting	NOUN
cblr-1216	348	54	parties	party	NOUN
cblr-1216	348	55	.	.	PUNCT
cblr-1216	349	1	but	but	CCONJ
cblr-1216	349	2	enforcement	enforcement	NOUN
cblr-1216	349	3	reverberates	reverberate	VERB
cblr-1216	349	4	far	far	ADV
cblr-1216	349	5	outside	outside	ADV
cblr-1216	349	6	of	of	ADP
cblr-1216	349	7	those	those	DET
cblr-1216	349	8	limited	limited	ADJ
cblr-1216	349	9	circumstances	circumstance	NOUN
cblr-1216	349	10	in	in	ADP
cblr-1216	349	11	which	which	PRON
cblr-1216	349	12	the	the	DET
cblr-1216	349	13	sec	sec	PROPN
cblr-1216	349	14	has	have	VERB
cblr-1216	349	15	or	or	CCONJ
cblr-1216	349	16	may	may	AUX
cblr-1216	349	17	choose	choose	VERB
cblr-1216	349	18	to	to	PART
cblr-1216	349	19	pursue	pursue	VERB
cblr-1216	349	20	an	an	DET
cblr-1216	349	21	action	action	NOUN
cblr-1216	349	22	.	.	PUNCT
cblr-1216	350	1	in	in	ADP
cblr-1216	350	2	fact	fact	NOUN
cblr-1216	350	3	,	,	PUNCT
cblr-1216	350	4	the	the	DET
cblr-1216	350	5	application	application	NOUN
cblr-1216	350	6	of	of	ADP
cblr-1216	350	7	the	the	DET
cblr-1216	350	8	iaa	iaa	NOUN
cblr-1216	350	9	to	to	ADP
cblr-1216	350	10	the	the	DET
cblr-1216	350	11	private	private	ADJ
cblr-1216	350	12	equity	equity	NOUN
cblr-1216	350	13	industry	industry	NOUN
cblr-1216	350	14	has	have	VERB
cblr-1216	350	15	the	the	DET
cblr-1216	350	16	potential	potential	NOUN
cblr-1216	350	17	to	to	PART
cblr-1216	350	18	significantly	significantly	ADV
cblr-1216	350	19	affect	affect	VERB
cblr-1216	350	20	the	the	DET
cblr-1216	350	21	economy	economy	NOUN
cblr-1216	350	22	of	of	ADP
cblr-1216	350	23	the	the	DET
cblr-1216	350	24	united	united	PROPN
cblr-1216	350	25	states	states	PROPN
cblr-1216	350	26	.	.	PUNCT
cblr-1216	351	1	much	much	ADJ
cblr-1216	351	2	of	of	ADP
cblr-1216	351	3	iaa	iaa	ADJ
cblr-1216	351	4	fiduciary	fiduciary	ADJ
cblr-1216	351	5	enforcement	enforcement	NOUN
cblr-1216	351	6	both	both	CCONJ
cblr-1216	351	7	in	in	ADP
cblr-1216	351	8	the	the	DET
cblr-1216	351	9	private	private	ADJ
cblr-1216	351	10	equity	equity	NOUN
cblr-1216	351	11	context	context	NOUN
cblr-1216	351	12	and	and	CCONJ
cblr-1216	351	13	others	other	NOUN
cblr-1216	351	14	has	have	AUX
cblr-1216	351	15	focused	focus	VERB
cblr-1216	351	16	on	on	ADP
cblr-1216	351	17	the	the	DET
cblr-1216	351	18	issue	issue	NOUN
cblr-1216	351	19	of	of	ADP
cblr-1216	351	20	disclosure	disclosure	NOUN
cblr-1216	351	21	.	.	PUNCT
cblr-1216	352	1	disclosure	disclosure	NOUN
cblr-1216	352	2	is	be	AUX
cblr-1216	352	3	a	a	DET
cblr-1216	352	4	cornerstone	cornerstone	NOUN
cblr-1216	352	5	of	of	ADP
cblr-1216	352	6	federal	federal	ADJ
cblr-1216	352	7	securities	security	NOUN
cblr-1216	352	8	laws	law	NOUN
cblr-1216	352	9	because	because	SCONJ
cblr-1216	352	10	it	it	PRON
cblr-1216	352	11	“	"	PUNCT
cblr-1216	352	12	best	well	ADV
cblr-1216	352	13	equips	equip	VERB
cblr-1216	352	14	investors	investor	NOUN
cblr-1216	352	15	to	to	PART
cblr-1216	352	16	make	make	VERB
cblr-1216	352	17	sound	sound	ADJ
cblr-1216	352	18	,	,	PUNCT
cblr-1216	352	19	rational	rational	ADJ
cblr-1216	352	20	investment	investment	NOUN
cblr-1216	352	21	decisions	decision	NOUN
cblr-1216	352	22	.	.	PUNCT
cblr-1216	352	23	”100	”100	PUNCT
cblr-1216	353	1	furthermore	furthermore	ADV
cblr-1216	353	2	,	,	PUNCT
cblr-1216	353	3	because	because	SCONJ
cblr-1216	353	4	most	most	ADJ
cblr-1216	353	5	experts	expert	NOUN
cblr-1216	353	6	agree	agree	VERB
cblr-1216	353	7	that	that	SCONJ
cblr-1216	353	8	markets	market	NOUN
cblr-1216	353	9	conform	conform	VERB
cblr-1216	353	10	to	to	ADP
cblr-1216	353	11	the	the	DET
cblr-1216	353	12	semi	semi	ADJ
cblr-1216	353	13	-	-	ADJ
cblr-1216	353	14	strong	strong	ADJ
cblr-1216	353	15	capital	capital	NOUN
cblr-1216	353	16	markets	market	NOUN
cblr-1216	353	17	hypothesis,101	hypothesis,101	NOUN
cblr-1216	353	18	meaning	mean	VERB
cblr-1216	353	19	that	that	SCONJ
cblr-1216	353	20	prices	price	NOUN
cblr-1216	353	21	of	of	ADP
cblr-1216	353	22	securities	security	NOUN
cblr-1216	353	23	reflect	reflect	VERB
cblr-1216	353	24	all	all	PRON
cblr-1216	353	25	publicly	publicly	ADV
cblr-1216	353	26	available	available	ADJ
cblr-1216	353	27	information,102	information,102	PRON
cblr-1216	353	28	the	the	DET
cblr-1216	353	29	more	more	ADJ
cblr-1216	353	30	information	information	NOUN
cblr-1216	353	31	that	that	PRON
cblr-1216	353	32	is	be	AUX
cblr-1216	353	33	disclosed	disclose	VERB
cblr-1216	353	34	,	,	PUNCT
cblr-1216	353	35	the	the	DET
cblr-1216	353	36	closer	close	ADJ
cblr-1216	353	37	valuations	valuation	NOUN
cblr-1216	353	38	will	will	AUX
cblr-1216	353	39	reflect	reflect	VERB
cblr-1216	353	40	reality	reality	NOUN
cblr-1216	353	41	.	.	PUNCT
cblr-1216	354	1	in	in	ADP
cblr-1216	354	2	the	the	DET
cblr-1216	354	3	private	private	ADJ
cblr-1216	354	4	equity	equity	NOUN
cblr-1216	354	5	context	context	NOUN
cblr-1216	354	6	,	,	PUNCT
cblr-1216	354	7	anything	anything	PRON
cblr-1216	354	8	not	not	PART
cblr-1216	354	9	disclosed	disclose	VERB
cblr-1216	354	10	before	before	SCONJ
cblr-1216	354	11	dodd	dodd	PROPN
cblr-1216	354	12	-	-	PUNCT
cblr-1216	354	13	frank	frank	PROPN
cblr-1216	354	14	would	would	AUX
cblr-1216	354	15	presumably	presumably	ADV
cblr-1216	354	16	drive	drive	VERB
cblr-1216	354	17	up	up	ADP
cblr-1216	354	18	internal	internal	ADJ
cblr-1216	354	19	rate	rate	NOUN
cblr-1216	354	20	of	of	ADP
cblr-1216	354	21	return	return	NOUN
cblr-1216	354	22	(	(	PUNCT
cblr-1216	354	23	“	"	PUNCT
cblr-1216	354	24	irr	irr	NOUN
cblr-1216	354	25	”	"	PUNCT
cblr-1216	354	26	)	)	PUNCT
cblr-1216	354	27	because	because	SCONJ
cblr-1216	354	28	sponsors	sponsor	NOUN
cblr-1216	354	29	have	have	VERB
cblr-1216	354	30	an	an	DET
cblr-1216	354	31	incentive	incentive	NOUN
cblr-1216	354	32	to	to	PART
cblr-1216	354	33	disclose	disclose	VERB
cblr-1216	354	34	all	all	DET
cblr-1216	354	35	information	information	NOUN
cblr-1216	354	36	that	that	PRON
cblr-1216	354	37	would	would	AUX
cblr-1216	354	38	decrease	decrease	VERB
cblr-1216	354	39	investors	investor	NOUN
cblr-1216	354	40	’	'	PUNCT
cblr-1216	354	41	required	require	VERB
cblr-1216	354	42	return	return	NOUN
cblr-1216	354	43	.	.	PUNCT
cblr-1216	355	1	because	because	SCONJ
cblr-1216	355	2	private	private	ADJ
cblr-1216	355	3	equity	equity	NOUN
cblr-1216	355	4	investors	investor	NOUN
cblr-1216	355	5	are	be	AUX
cblr-1216	355	6	sophisticated	sophisticated	ADJ
cblr-1216	355	7	,	,	PUNCT
cblr-1216	355	8	however	however	ADV
cblr-1216	355	9	,	,	PUNCT
cblr-1216	355	10	they	they	PRON
cblr-1216	355	11	may	may	AUX
cblr-1216	355	12	have	have	AUX
cblr-1216	355	13	already	already	ADV
cblr-1216	355	14	factored	factor	VERB
cblr-1216	355	15	the	the	DET
cblr-1216	355	16	possibility	possibility	NOUN
cblr-1216	355	17	that	that	SCONJ
cblr-1216	355	18	undisclosed	undisclosed	ADJ
cblr-1216	355	19	information	information	NOUN
cblr-1216	355	20	exists	exist	VERB
cblr-1216	355	21	that	that	PRON
cblr-1216	355	22	would	would	AUX
cblr-1216	355	23	increase	increase	VERB
cblr-1216	355	24	the	the	DET
cblr-1216	355	25	required	require	VERB
cblr-1216	355	26	irr	irr	NOUN
cblr-1216	355	27	.	.	PUNCT
cblr-1216	356	1	in	in	ADP
cblr-1216	356	2	this	this	DET
cblr-1216	356	3	99	99	NUM
cblr-1216	356	4	laby	laby	NOUN
cblr-1216	356	5	,	,	PUNCT
cblr-1216	356	6	supra	supra	ADJ
cblr-1216	356	7	note	note	NOUN
cblr-1216	356	8	2	2	NUM
cblr-1216	356	9	,	,	PUNCT
cblr-1216	356	10	at	at	ADP
cblr-1216	356	11	1094	1094	NUM
cblr-1216	356	12	.	.	PUNCT
cblr-1216	357	1	100	100	NUM
cblr-1216	357	2	michael	michael	PROPN
cblr-1216	357	3	a.	a.	PROPN
cblr-1216	357	4	kitson	kitson	PROPN
cblr-1216	357	5	,	,	PUNCT
cblr-1216	357	6	controversial	controversial	ADJ
cblr-1216	357	7	orthodoxy	orthodoxy	NOUN
cblr-1216	357	8	:	:	PUNCT
cblr-1216	357	9	the	the	DET
cblr-1216	357	10	efficient	efficient	ADJ
cblr-1216	357	11	capital	capital	NOUN
cblr-1216	357	12	markets	market	NOUN
cblr-1216	357	13	hypothesis	hypothesis	NOUN
cblr-1216	357	14	and	and	CCONJ
cblr-1216	357	15	loss	loss	NOUN
cblr-1216	357	16	causation	causation	NOUN
cblr-1216	357	17	,	,	PUNCT
cblr-1216	357	18	18	18	NUM
cblr-1216	357	19	fordham	fordham	PROPN
cblr-1216	357	20	j.	j.	PROPN
cblr-1216	357	21	corp	corp	PROPN
cblr-1216	357	22	.	.	PROPN
cblr-1216	357	23	&	&	CCONJ
cblr-1216	357	24	fin	fin	PROPN
cblr-1216	357	25	.	.	PUNCT
cblr-1216	358	1	l.	l.	PROPN
cblr-1216	358	2	191	191	NUM
cblr-1216	358	3	,	,	PUNCT
cblr-1216	358	4	198	198	NUM
cblr-1216	358	5	(	(	PUNCT
cblr-1216	358	6	2012	2012	NUM
cblr-1216	358	7	)	)	PUNCT
cblr-1216	358	8	.	.	PUNCT
cblr-1216	359	1	101	101	NUM
cblr-1216	359	2	see	see	VERB
cblr-1216	359	3	i	i	PRON
cblr-1216	359	4	d.	d.	PROPN
cblr-1216	359	5	at	at	ADP
cblr-1216	359	6	195	195	NUM
cblr-1216	359	7	.	.	NOUN
cblr-1216	359	8	102	102	NUM
cblr-1216	359	9	eugene	eugene	PROPN
cblr-1216	359	10	f.	f.	PROPN
cblr-1216	359	11	fama	fama	PROPN
cblr-1216	359	12	,	,	PUNCT
cblr-1216	359	13	efficient	efficient	ADJ
cblr-1216	359	14	capital	capital	NOUN
cblr-1216	359	15	markets	market	NOUN
cblr-1216	359	16	:	:	PUNCT
cblr-1216	359	17	a	a	DET
cblr-1216	359	18	review	review	NOUN
cblr-1216	359	19	of	of	ADP
cblr-1216	359	20	theory	theory	NOUN
cblr-1216	359	21	and	and	CCONJ
cblr-1216	359	22	empirical	empirical	ADJ
cblr-1216	359	23	work	work	NOUN
cblr-1216	359	24	,	,	PUNCT
cblr-1216	359	25	25	25	NUM
cblr-1216	359	26	j.	j.	PROPN
cblr-1216	359	27	fin	fin	PROPN
cblr-1216	359	28	.	.	PUNCT
cblr-1216	360	1	383	383	NUM
cblr-1216	360	2	,	,	PUNCT
cblr-1216	360	3	388	388	NUM
cblr-1216	360	4	(	(	PUNCT
cblr-1216	360	5	1970	1970	NUM
cblr-1216	360	6	)	)	PUNCT
cblr-1216	360	7	.	.	PUNCT
cblr-1216	361	1	nadler_final	nadler_final	PROPN
cblr-1216	361	2	276	276	NUM
cblr-1216	361	3	columbia	columbia	PROPN
cblr-1216	361	4	business	business	NOUN
cblr-1216	361	5	law	law	PROPN
cblr-1216	361	6	review	review	NOUN
cblr-1216	361	7	[	[	X
cblr-1216	361	8	vol	vol	NOUN
cblr-1216	361	9	.	.	NOUN
cblr-1216	361	10	2018	2018	NUM
cblr-1216	361	11	scenario	scenario	NOUN
cblr-1216	361	12	,	,	PUNCT
cblr-1216	361	13	fiduciary	fiduciary	ADJ
cblr-1216	361	14	protections	protection	NOUN
cblr-1216	361	15	would	would	AUX
cblr-1216	361	16	lower	lower	VERB
cblr-1216	361	17	the	the	DET
cblr-1216	361	18	required	required	ADJ
cblr-1216	361	19	returns	return	NOUN
cblr-1216	361	20	,	,	PUNCT
cblr-1216	361	21	encouraging	encourage	VERB
cblr-1216	361	22	a	a	DET
cblr-1216	361	23	flow	flow	NOUN
cblr-1216	361	24	of	of	ADP
cblr-1216	361	25	funds	fund	NOUN
cblr-1216	361	26	into	into	ADP
cblr-1216	361	27	private	private	ADJ
cblr-1216	361	28	equity	equity	NOUN
cblr-1216	361	29	and	and	CCONJ
cblr-1216	361	30	from	from	ADP
cblr-1216	361	31	there	there	ADV
cblr-1216	361	32	into	into	ADP
cblr-1216	361	33	the	the	DET
cblr-1216	361	34	economy	economy	NOUN
cblr-1216	361	35	at	at	ADP
cblr-1216	361	36	large.103	large.103	PROPN
cblr-1216	361	37	dodd	dodd	PROPN
cblr-1216	361	38	-	-	PUNCT
cblr-1216	361	39	frank	frank	PROPN
cblr-1216	361	40	’s	’s	PART
cblr-1216	361	41	impact	impact	NOUN
cblr-1216	361	42	on	on	ADP
cblr-1216	361	43	the	the	DET
cblr-1216	361	44	private	private	ADJ
cblr-1216	361	45	equity	equity	NOUN
cblr-1216	361	46	industry	industry	NOUN
cblr-1216	361	47	is	be	AUX
cblr-1216	361	48	a	a	DET
cblr-1216	361	49	matter	matter	NOUN
cblr-1216	361	50	of	of	ADP
cblr-1216	361	51	debate	debate	NOUN
cblr-1216	361	52	.	.	PUNCT
cblr-1216	362	1	in	in	ADP
cblr-1216	362	2	written	write	VERB
cblr-1216	362	3	testimony	testimony	NOUN
cblr-1216	362	4	to	to	ADP
cblr-1216	362	5	the	the	DET
cblr-1216	362	6	house	house	PROPN
cblr-1216	362	7	committee	committee	PROPN
cblr-1216	362	8	on	on	ADP
cblr-1216	362	9	financial	financial	ADJ
cblr-1216	362	10	services	service	NOUN
cblr-1216	362	11	in	in	ADP
cblr-1216	362	12	2016	2016	NUM
cblr-1216	362	13	,	,	PUNCT
cblr-1216	362	14	daniel	daniel	PROPN
cblr-1216	362	15	m.	m.	PROPN
cblr-1216	362	16	gallagher	gallagher	PROPN
cblr-1216	362	17	,	,	PUNCT
cblr-1216	362	18	a	a	DET
cblr-1216	362	19	former	former	ADJ
cblr-1216	362	20	sec	sec	PROPN
cblr-1216	362	21	commissioner	commissioner	NOUN
cblr-1216	362	22	,	,	PUNCT
cblr-1216	362	23	noted	note	VERB
cblr-1216	362	24	that	that	SCONJ
cblr-1216	362	25	dodd	dodd	PROPN
cblr-1216	362	26	-	-	PUNCT
cblr-1216	362	27	frank	frank	ADJ
cblr-1216	362	28	compliance	compliance	NOUN
cblr-1216	362	29	“	"	PUNCT
cblr-1216	362	30	impose[s	impose[s	PROPN
cblr-1216	362	31	]	]	X
cblr-1216	362	32	significant	significant	ADJ
cblr-1216	362	33	costs	cost	NOUN
cblr-1216	362	34	and	and	CCONJ
cblr-1216	362	35	burdens	burden	NOUN
cblr-1216	362	36	”	"	PUNCT
cblr-1216	362	37	that	that	PRON
cblr-1216	362	38	“	"	PUNCT
cblr-1216	362	39	threaten	threaten	VERB
cblr-1216	362	40	the	the	DET
cblr-1216	362	41	ability	ability	NOUN
cblr-1216	362	42	of	of	ADP
cblr-1216	362	43	certain	certain	ADJ
cblr-1216	362	44	funds	fund	NOUN
cblr-1216	362	45	.	.	PUNCT
cblr-1216	362	46	.	.	PUNCT
cblr-1216	362	47	.	.	PUNCT
cblr-1216	363	1	to	to	PART
cblr-1216	363	2	promote	promote	VERB
cblr-1216	363	3	capital	capital	NOUN
cblr-1216	363	4	formation	formation	NOUN
cblr-1216	363	5	through	through	ADP
cblr-1216	363	6	investments	investment	NOUN
cblr-1216	363	7	in	in	ADP
cblr-1216	363	8	operating	operate	VERB
cblr-1216	363	9	companies	company	NOUN
cblr-1216	363	10	.	.	PUNCT
cblr-1216	364	1	”104	”104	PUNCT
cblr-1216	364	2	however	however	ADV
cblr-1216	364	3	,	,	PUNCT
cblr-1216	364	4	in	in	ADP
cblr-1216	364	5	a	a	DET
cblr-1216	364	6	survey	survey	NOUN
cblr-1216	364	7	covering	cover	VERB
cblr-1216	364	8	the	the	DET
cblr-1216	364	9	private	private	ADJ
cblr-1216	364	10	funds	fund	NOUN
cblr-1216	364	11	industry	industry	NOUN
cblr-1216	364	12	,	,	PUNCT
cblr-1216	364	13	wulf	wulf	PROPN
cblr-1216	364	14	kaal	kaal	PROPN
cblr-1216	364	15	found	find	VERB
cblr-1216	364	16	that	that	SCONJ
cblr-1216	364	17	“	"	PUNCT
cblr-1216	364	18	[	[	X
cblr-1216	364	19	t]he	t]he	ADJ
cblr-1216	364	20	long	long	ADJ
cblr-1216	364	21	-	-	PUNCT
cblr-1216	364	22	term	term	NOUN
cblr-1216	364	23	impact	impact	NOUN
cblr-1216	364	24	of	of	ADP
cblr-1216	364	25	the	the	DET
cblr-1216	364	26	evolving	evolve	VERB
cblr-1216	364	27	post	post	NOUN
cblr-1216	364	28	dodd	dodd	PROPN
cblr-1216	364	29	-	-	PUNCT
cblr-1216	364	30	frank	frank	PROPN
cblr-1216	364	31	act	act	PROPN
cblr-1216	364	32	regulatory	regulatory	ADJ
cblr-1216	364	33	landscape	landscape	NOUN
cblr-1216	364	34	appears	appear	VERB
cblr-1216	364	35	to	to	PART
cblr-1216	364	36	be	be	AUX
cblr-1216	364	37	much	much	ADV
cblr-1216	364	38	less	less	ADV
cblr-1216	364	39	intense	intense	ADJ
cblr-1216	364	40	than	than	SCONJ
cblr-1216	364	41	the	the	DET
cblr-1216	364	42	industry	industry	NOUN
cblr-1216	364	43	initially	initially	ADV
cblr-1216	364	44	anticipated	anticipate	VERB
cblr-1216	364	45	”	"	PUNCT
cblr-1216	364	46	and	and	CCONJ
cblr-1216	364	47	“	"	PUNCT
cblr-1216	364	48	[	[	X
cblr-1216	364	49	t]he	t]he	ADV
cblr-1216	364	50	costs	cost	NOUN
cblr-1216	364	51	of	of	ADP
cblr-1216	364	52	compliance	compliance	NOUN
cblr-1216	364	53	associated	associate	VERB
cblr-1216	364	54	with	with	ADP
cblr-1216	364	55	the	the	DET
cblr-1216	364	56	dodd	dodd	PROPN
cblr-1216	364	57	-	-	PUNCT
cblr-1216	364	58	frank	frank	PROPN
cblr-1216	364	59	act	act	NOUN
cblr-1216	364	60	are	be	AUX
cblr-1216	364	61	.	.	PUNCT
cblr-1216	364	62	.	.	PUNCT
cblr-1216	364	63	.	.	PUNCT
cblr-1216	365	1	largely	largely	ADV
cblr-1216	365	2	manageable	manageable	ADJ
cblr-1216	365	3	.	.	PUNCT
cblr-1216	365	4	”105	”105	ADJ
cblr-1216	365	5	kaal	kaal	NOUN
cblr-1216	365	6	’s	’s	PART
cblr-1216	365	7	assurances	assurance	NOUN
cblr-1216	365	8	that	that	SCONJ
cblr-1216	365	9	dodd	dodd	PROPN
cblr-1216	365	10	-	-	PUNCT
cblr-1216	365	11	frank	frank	PROPN
cblr-1216	365	12	will	will	AUX
cblr-1216	365	13	not	not	PART
cblr-1216	365	14	have	have	AUX
cblr-1216	365	15	a	a	DET
cblr-1216	365	16	longterm	longterm	ADJ
cblr-1216	365	17	impact	impact	NOUN
cblr-1216	365	18	on	on	ADP
cblr-1216	365	19	private	private	ADJ
cblr-1216	365	20	equity	equity	NOUN
cblr-1216	365	21	respond	respond	VERB
cblr-1216	365	22	to	to	ADP
cblr-1216	365	23	the	the	DET
cblr-1216	365	24	bulk	bulk	NOUN
cblr-1216	365	25	of	of	ADP
cblr-1216	365	26	the	the	DET
cblr-1216	365	27	criticism	criticism	NOUN
cblr-1216	365	28	of	of	ADP
cblr-1216	365	29	iaa	iaa	ADJ
cblr-1216	365	30	application	application	NOUN
cblr-1216	365	31	to	to	ADP
cblr-1216	365	32	the	the	DET
cblr-1216	365	33	industry	industry	NOUN
cblr-1216	365	34	.	.	PUNCT
cblr-1216	366	1	remarking	remark	VERB
cblr-1216	366	2	on	on	ADP
cblr-1216	366	3	the	the	DET
cblr-1216	366	4	inapplicability	inapplicability	NOUN
cblr-1216	366	5	of	of	ADP
cblr-1216	366	6	sec	sec	PROPN
cblr-1216	366	7	rules	rule	NOUN
cblr-1216	366	8	to	to	ADP
cblr-1216	366	9	private	private	ADJ
cblr-1216	366	10	equity	equity	NOUN
cblr-1216	366	11	funds	fund	NOUN
cblr-1216	366	12	,	,	PUNCT
cblr-1216	366	13	two	two	NUM
cblr-1216	366	14	scholars	scholar	NOUN
cblr-1216	366	15	lament	lament	VERB
cblr-1216	366	16	at	at	ADP
cblr-1216	366	17	the	the	DET
cblr-1216	366	18	costs	cost	NOUN
cblr-1216	366	19	and	and	CCONJ
cblr-1216	366	20	time	time	NOUN
cblr-1216	366	21	associated	associate	VERB
cblr-1216	366	22	with	with	ADP
cblr-1216	366	23	complying	comply	VERB
cblr-1216	366	24	with	with	ADP
cblr-1216	366	25	recordkeeping	recordkeeping	NOUN
cblr-1216	366	26	requirements	requirement	NOUN
cblr-1216	366	27	,	,	PUNCT
cblr-1216	366	28	trade	trade	NOUN
cblr-1216	366	29	error	error	NOUN
cblr-1216	366	30	requirements	requirement	NOUN
cblr-1216	366	31	,	,	PUNCT
cblr-1216	366	32	the	the	DET
cblr-1216	366	33	sec	sec	PROPN
cblr-1216	366	34	’s	’s	PART
cblr-1216	366	35	custody	custody	NOUN
cblr-1216	366	36	rule	rule	NOUN
cblr-1216	366	37	,	,	PUNCT
cblr-1216	366	38	and	and	CCONJ
cblr-1216	366	39	others.106	others.106	NOUN
cblr-1216	366	40	but	but	CCONJ
cblr-1216	366	41	bemoaning	bemoan	VERB
cblr-1216	366	42	relatively	relatively	ADV
cblr-1216	366	43	minor	minor	ADJ
cblr-1216	366	44	expenses	expense	NOUN
cblr-1216	366	45	,	,	PUNCT
cblr-1216	366	46	as	as	SCONJ
cblr-1216	366	47	much	much	ADJ
cblr-1216	366	48	of	of	ADP
cblr-1216	366	49	the	the	DET
cblr-1216	366	50	scholarship	scholarship	NOUN
cblr-1216	366	51	has	have	AUX
cblr-1216	366	52	done	do	VERB
cblr-1216	366	53	to	to	ADP
cblr-1216	366	54	103	103	NUM
cblr-1216	366	55	this	this	DET
cblr-1216	366	56	conclusion	conclusion	NOUN
cblr-1216	366	57	follows	follow	VERB
cblr-1216	366	58	from	from	ADP
cblr-1216	366	59	one	one	NUM
cblr-1216	366	60	of	of	ADP
cblr-1216	366	61	two	two	NUM
cblr-1216	366	62	scenarios	scenario	NOUN
cblr-1216	366	63	.	.	PUNCT
cblr-1216	367	1	either	either	CCONJ
cblr-1216	367	2	fiduciary	fiduciary	ADJ
cblr-1216	367	3	protections	protection	NOUN
cblr-1216	367	4	cause	cause	VERB
cblr-1216	367	5	funds	fund	NOUN
cblr-1216	367	6	to	to	PART
cblr-1216	367	7	stop	stop	VERB
cblr-1216	367	8	bad	bad	ADJ
cblr-1216	367	9	conduct	conduct	NOUN
cblr-1216	367	10	,	,	PUNCT
cblr-1216	367	11	creating	create	VERB
cblr-1216	367	12	better	well	ADJ
cblr-1216	367	13	returns	return	NOUN
cblr-1216	367	14	for	for	ADP
cblr-1216	367	15	investors	investor	NOUN
cblr-1216	367	16	,	,	PUNCT
cblr-1216	367	17	or	or	CCONJ
cblr-1216	367	18	sponsors	sponsor	NOUN
cblr-1216	367	19	were	be	AUX
cblr-1216	367	20	not	not	PART
cblr-1216	367	21	engaging	engage	VERB
cblr-1216	367	22	in	in	ADP
cblr-1216	367	23	bad	bad	ADJ
cblr-1216	367	24	conduct	conduct	NOUN
cblr-1216	367	25	to	to	PART
cblr-1216	367	26	start	start	VERB
cblr-1216	367	27	with	with	ADP
cblr-1216	367	28	,	,	PUNCT
cblr-1216	367	29	and	and	CCONJ
cblr-1216	367	30	investors	investor	NOUN
cblr-1216	367	31	,	,	PUNCT
cblr-1216	367	32	now	now	ADV
cblr-1216	367	33	confident	confident	ADJ
cblr-1216	367	34	of	of	ADP
cblr-1216	367	35	this	this	PRON
cblr-1216	367	36	,	,	PUNCT
cblr-1216	367	37	can	can	AUX
cblr-1216	367	38	lower	lower	VERB
cblr-1216	367	39	their	their	PRON
cblr-1216	367	40	required	require	VERB
cblr-1216	367	41	return	return	NOUN
cblr-1216	367	42	because	because	SCONJ
cblr-1216	367	43	they	they	PRON
cblr-1216	367	44	no	no	ADV
cblr-1216	367	45	longer	long	ADV
cblr-1216	367	46	must	must	AUX
cblr-1216	367	47	factor	factor	VERB
cblr-1216	367	48	in	in	ADP
cblr-1216	367	49	the	the	DET
cblr-1216	367	50	possibility	possibility	NOUN
cblr-1216	367	51	that	that	SCONJ
cblr-1216	367	52	they	they	PRON
cblr-1216	367	53	are	be	AUX
cblr-1216	367	54	losing	lose	VERB
cblr-1216	367	55	return	return	NOUN
cblr-1216	367	56	to	to	ADP
cblr-1216	367	57	sponsor	sponsor	NOUN
cblr-1216	367	58	shenanigans	shenanigan	NOUN
cblr-1216	367	59	.	.	PUNCT
cblr-1216	368	1	104	104	NUM
cblr-1216	368	2	legislative	legislative	ADJ
cblr-1216	368	3	proposals	proposal	NOUN
cblr-1216	368	4	to	to	PART
cblr-1216	368	5	enhance	enhance	VERB
cblr-1216	368	6	capital	capital	NOUN
cblr-1216	368	7	formation	formation	NOUN
cblr-1216	368	8	,	,	PUNCT
cblr-1216	368	9	transparency	transparency	NOUN
cblr-1216	368	10	,	,	PUNCT
cblr-1216	368	11	and	and	CCONJ
cblr-1216	368	12	regulatory	regulatory	ADJ
cblr-1216	368	13	accountability	accountability	NOUN
cblr-1216	368	14	before	before	ADP
cblr-1216	368	15	the	the	DET
cblr-1216	368	16	h.	h.	PROPN
cblr-1216	368	17	comm	comm	NOUN
cblr-1216	368	18	.	.	PUNCT
cblr-1216	369	1	on	on	ADP
cblr-1216	369	2	fin	fin	NOUN
cblr-1216	369	3	.	.	PUNCT
cblr-1216	370	1	servs	servs	PROPN
cblr-1216	370	2	.	.	PROPN
cblr-1216	370	3	,	,	PUNCT
cblr-1216	370	4	114th	114th	PROPN
cblr-1216	370	5	cong	cong	NOUN
cblr-1216	370	6	.	.	PUNCT
cblr-1216	371	1	19	19	NUM
cblr-1216	371	2	(	(	PUNCT
cblr-1216	371	3	2016	2016	NUM
cblr-1216	371	4	)	)	PUNCT
cblr-1216	371	5	(	(	PUNCT
cblr-1216	371	6	testimony	testimony	NOUN
cblr-1216	371	7	of	of	ADP
cblr-1216	371	8	daniel	daniel	PROPN
cblr-1216	371	9	m.	m.	PROPN
cblr-1216	371	10	gallagher	gallagher	PROPN
cblr-1216	371	11	,	,	PUNCT
cblr-1216	371	12	president	president	PROPN
cblr-1216	371	13	,	,	PUNCT
cblr-1216	371	14	patomak	patomak	PROPN
cblr-1216	371	15	global	global	PROPN
cblr-1216	371	16	partners	partners	PROPN
cblr-1216	371	17	llc	llc	PROPN
cblr-1216	371	18	)	)	PUNCT
cblr-1216	372	1	[	[	X
cblr-1216	372	2	hereinafter	hereinafter	NOUN
cblr-1216	372	3	gallagher	gallagher	PROPN
cblr-1216	372	4	testimony	testimony	NOUN
cblr-1216	372	5	]	]	PUNCT
cblr-1216	372	6	.	.	PUNCT
cblr-1216	373	1	105	105	NUM
cblr-1216	373	2	wulf	wulf	PROPN
cblr-1216	373	3	a.	a.	NOUN
cblr-1216	373	4	kaal	kaal	PROPN
cblr-1216	373	5	,	,	PUNCT
cblr-1216	373	6	the	the	DET
cblr-1216	373	7	private	private	ADJ
cblr-1216	373	8	fund	fund	NOUN
cblr-1216	373	9	industry	industry	NOUN
cblr-1216	373	10	five	five	NUM
cblr-1216	373	11	years	year	NOUN
cblr-1216	373	12	after	after	ADP
cblr-1216	373	13	the	the	DET
cblr-1216	373	14	doddfrank	doddfrank	PROPN
cblr-1216	373	15	act	act	PROPN
cblr-1216	373	16	,	,	PUNCT
cblr-1216	373	17	35	35	NUM
cblr-1216	373	18	rev	rev	X
cblr-1216	373	19	.	.	PUNCT
cblr-1216	373	20	banking	banking	NOUN
cblr-1216	373	21	&	&	CCONJ
cblr-1216	373	22	fin	fin	PROPN
cblr-1216	373	23	.	.	PUNCT
cblr-1216	374	1	l.	l.	PROPN
cblr-1216	374	2	624	624	NUM
cblr-1216	374	3	,	,	PUNCT
cblr-1216	374	4	631	631	NUM
cblr-1216	374	5	(	(	PUNCT
cblr-1216	374	6	2016	2016	NUM
cblr-1216	374	7	)	)	PUNCT
cblr-1216	374	8	.	.	PUNCT
cblr-1216	375	1	106	106	NUM
cblr-1216	375	2	dawson	dawson	PROPN
cblr-1216	375	3	&	&	CCONJ
cblr-1216	375	4	foley	foley	PROPN
cblr-1216	375	5	,	,	PUNCT
cblr-1216	375	6	supra	supra	PROPN
cblr-1216	375	7	note	note	PROPN
cblr-1216	375	8	31	31	NUM
cblr-1216	375	9	,	,	PUNCT
cblr-1216	375	10	at	at	ADP
cblr-1216	375	11	454–57	454–57	NUM
cblr-1216	375	12	.	.	PUNCT
cblr-1216	376	1	nadler_final	nadler_final	ADJ
cblr-1216	376	2	no	no	INTJ
cblr-1216	376	3	.	.	PUNCT
cblr-1216	377	1	1:254	1:254	NUM
cblr-1216	377	2	]	]	X
cblr-1216	377	3	federal	federal	ADJ
cblr-1216	377	4	fiduciary	fiduciary	ADJ
cblr-1216	377	5	duties	duty	NOUN
cblr-1216	377	6	and	and	CCONJ
cblr-1216	377	7	private	private	ADJ
cblr-1216	377	8	equity	equity	NOUN
cblr-1216	377	9	277	277	NUM
cblr-1216	377	10	this	this	DET
cblr-1216	377	11	point,107	point,107	VERB
cblr-1216	377	12	misses	miss	VERB
cblr-1216	377	13	the	the	DET
cblr-1216	377	14	boat	boat	NOUN
cblr-1216	377	15	on	on	ADP
cblr-1216	377	16	why	why	SCONJ
cblr-1216	377	17	the	the	DET
cblr-1216	377	18	iaa	iaa	NOUN
cblr-1216	377	19	’s	’s	PART
cblr-1216	377	20	application	application	NOUN
cblr-1216	377	21	to	to	ADP
cblr-1216	377	22	private	private	ADJ
cblr-1216	377	23	equity	equity	NOUN
cblr-1216	377	24	is	be	AUX
cblr-1216	377	25	concerning	concern	VERB
cblr-1216	377	26	.	.	PUNCT
cblr-1216	378	1	instead	instead	ADV
cblr-1216	378	2	,	,	PUNCT
cblr-1216	378	3	the	the	DET
cblr-1216	378	4	focus	focus	NOUN
cblr-1216	378	5	should	should	AUX
cblr-1216	378	6	be	be	AUX
cblr-1216	378	7	on	on	ADP
cblr-1216	378	8	how	how	SCONJ
cblr-1216	378	9	the	the	DET
cblr-1216	378	10	iaa	iaa	NOUN
cblr-1216	378	11	’s	’s	PART
cblr-1216	378	12	fiduciary	fiduciary	ADJ
cblr-1216	378	13	protections	protection	NOUN
cblr-1216	378	14	may	may	AUX
cblr-1216	378	15	inhibit	inhibit	VERB
cblr-1216	378	16	capital	capital	NOUN
cblr-1216	378	17	formation	formation	NOUN
cblr-1216	378	18	.	.	PUNCT
cblr-1216	379	1	if	if	SCONJ
cblr-1216	379	2	,	,	PUNCT
cblr-1216	379	3	as	as	SCONJ
cblr-1216	379	4	gallagher	gallagher	PROPN
cblr-1216	379	5	suggests	suggest	VERB
cblr-1216	379	6	,	,	PUNCT
cblr-1216	379	7	the	the	DET
cblr-1216	379	8	new	new	ADJ
cblr-1216	379	9	costs	cost	NOUN
cblr-1216	379	10	stemming	stem	VERB
cblr-1216	379	11	from	from	ADP
cblr-1216	379	12	the	the	DET
cblr-1216	379	13	iaa	iaa	NOUN
cblr-1216	379	14	are	be	AUX
cblr-1216	379	15	“	"	PUNCT
cblr-1216	379	16	not	not	PART
cblr-1216	379	17	likely	likely	ADJ
cblr-1216	379	18	to	to	PART
cblr-1216	379	19	yield	yield	VERB
cblr-1216	379	20	materially	materially	ADV
cblr-1216	379	21	enhanced	enhance	VERB
cblr-1216	379	22	protections	protection	NOUN
cblr-1216	379	23	for	for	ADP
cblr-1216	379	24	the	the	DET
cblr-1216	379	25	private	private	ADJ
cblr-1216	379	26	funds	fund	NOUN
cblr-1216	379	27	’	'	PUNCT
cblr-1216	379	28	investors,”108	investors,”108	PUNCT
cblr-1216	380	1	yet	yet	ADV
cblr-1216	380	2	they	they	PRON
cblr-1216	380	3	drive	drive	VERB
cblr-1216	380	4	up	up	ADP
cblr-1216	380	5	a	a	DET
cblr-1216	380	6	firm	firm	NOUN
cblr-1216	380	7	’s	’s	PART
cblr-1216	380	8	required	require	VERB
cblr-1216	380	9	irr	irr	NOUN
cblr-1216	380	10	,	,	PUNCT
cblr-1216	380	11	making	make	VERB
cblr-1216	380	12	it	it	PRON
cblr-1216	380	13	harder	hard	ADV
cblr-1216	380	14	to	to	PART
cblr-1216	380	15	survive	survive	VERB
cblr-1216	380	16	and	and	CCONJ
cblr-1216	380	17	succeed	succeed	VERB
cblr-1216	380	18	,	,	PUNCT
cblr-1216	380	19	the	the	DET
cblr-1216	380	20	iaa	iaa	NOUN
cblr-1216	380	21	could	could	AUX
cblr-1216	380	22	limit	limit	VERB
cblr-1216	380	23	the	the	DET
cblr-1216	380	24	flow	flow	NOUN
cblr-1216	380	25	of	of	ADP
cblr-1216	380	26	funds	fund	NOUN
cblr-1216	380	27	into	into	ADP
cblr-1216	380	28	the	the	DET
cblr-1216	380	29	industry	industry	NOUN
cblr-1216	380	30	.	.	PUNCT
cblr-1216	381	1	this	this	PRON
cblr-1216	381	2	has	have	VERB
cblr-1216	381	3	a	a	DET
cblr-1216	381	4	direct	direct	ADJ
cblr-1216	381	5	impact	impact	NOUN
cblr-1216	381	6	on	on	ADP
cblr-1216	381	7	the	the	DET
cblr-1216	381	8	broader	broad	ADJ
cblr-1216	381	9	economy	economy	NOUN
cblr-1216	381	10	.	.	PUNCT
cblr-1216	382	1	about	about	ADP
cblr-1216	382	2	4600	4600	NUM
cblr-1216	382	3	u.s	u.s	PROPN
cblr-1216	382	4	.	.	PROPN
cblr-1216	382	5	private	private	ADJ
cblr-1216	382	6	equity	equity	NOUN
cblr-1216	382	7	firms	firm	NOUN
cblr-1216	382	8	own	own	VERB
cblr-1216	382	9	equity	equity	NOUN
cblr-1216	382	10	in	in	ADP
cblr-1216	382	11	approximately	approximately	ADV
cblr-1216	382	12	30,000	30,000	NUM
cblr-1216	382	13	american	american	ADJ
cblr-1216	382	14	businesses.109	businesses.109	VERB
cblr-1216	382	15	these	these	DET
cblr-1216	382	16	companies	company	NOUN
cblr-1216	382	17	employ	employ	VERB
cblr-1216	382	18	around	around	ADV
cblr-1216	382	19	11.3	11.3	NUM
cblr-1216	382	20	million	million	NUM
cblr-1216	382	21	employees.110	employees.110	ADJ
cblr-1216	382	22	this	this	DET
cblr-1216	382	23	issue	issue	NOUN
cblr-1216	382	24	is	be	AUX
cblr-1216	382	25	important	important	ADJ
cblr-1216	382	26	not	not	PART
cblr-1216	382	27	only	only	ADV
cblr-1216	382	28	because	because	SCONJ
cblr-1216	382	29	it	it	PRON
cblr-1216	382	30	is	be	AUX
cblr-1216	382	31	philosophically	philosophically	ADV
cblr-1216	382	32	dubious	dubious	ADJ
cblr-1216	382	33	for	for	SCONJ
cblr-1216	382	34	the	the	DET
cblr-1216	382	35	sec	sec	PROPN
cblr-1216	382	36	to	to	PART
cblr-1216	382	37	be	be	AUX
cblr-1216	382	38	policing	police	VERB
cblr-1216	382	39	the	the	DET
cblr-1216	382	40	conduct	conduct	NOUN
cblr-1216	382	41	of	of	ADP
cblr-1216	382	42	sophisticated	sophisticated	ADJ
cblr-1216	382	43	parties	party	NOUN
cblr-1216	382	44	with	with	ADP
cblr-1216	382	45	large	large	ADJ
cblr-1216	382	46	amounts	amount	NOUN
cblr-1216	382	47	of	of	ADP
cblr-1216	382	48	bargaining	bargaining	NOUN
cblr-1216	382	49	power	power	NOUN
cblr-1216	382	50	,	,	PUNCT
cblr-1216	382	51	but	but	CCONJ
cblr-1216	382	52	because	because	SCONJ
cblr-1216	382	53	over	over	NOUN
cblr-1216	382	54	-	-	PUNCT
cblr-1216	382	55	enforcement	enforcement	NOUN
cblr-1216	382	56	could	could	AUX
cblr-1216	382	57	stifle	stifle	VERB
cblr-1216	382	58	the	the	DET
cblr-1216	382	59	industry	industry	NOUN
cblr-1216	382	60	’s	’s	PART
cblr-1216	382	61	growth	growth	NOUN
cblr-1216	382	62	.	.	PUNCT
cblr-1216	383	1	the	the	DET
cblr-1216	383	2	purpose	purpose	NOUN
cblr-1216	383	3	of	of	ADP
cblr-1216	383	4	this	this	DET
cblr-1216	383	5	section	section	NOUN
cblr-1216	383	6	has	have	AUX
cblr-1216	383	7	not	not	PART
cblr-1216	383	8	been	be	AUX
cblr-1216	383	9	to	to	PART
cblr-1216	383	10	fully	fully	ADV
cblr-1216	383	11	articulate	articulate	VERB
cblr-1216	383	12	what	what	PRON
cblr-1216	383	13	the	the	DET
cblr-1216	383	14	federal	federal	ADJ
cblr-1216	383	15	fiduciary	fiduciary	ADJ
cblr-1216	383	16	standard	standard	NOUN
cblr-1216	383	17	is	be	AUX
cblr-1216	383	18	or	or	CCONJ
cblr-1216	383	19	what	what	PRON
cblr-1216	383	20	it	it	PRON
cblr-1216	383	21	should	should	AUX
cblr-1216	383	22	be	be	AUX
cblr-1216	383	23	.	.	PUNCT
cblr-1216	384	1	rather	rather	ADV
cblr-1216	384	2	,	,	PUNCT
cblr-1216	384	3	it	it	PRON
cblr-1216	384	4	has	have	AUX
cblr-1216	384	5	been	be	AUX
cblr-1216	384	6	to	to	PART
cblr-1216	384	7	provide	provide	VERB
cblr-1216	384	8	examples	example	NOUN
cblr-1216	384	9	of	of	ADP
cblr-1216	384	10	how	how	SCONJ
cblr-1216	384	11	the	the	DET
cblr-1216	384	12	sec	sec	PROPN
cblr-1216	384	13	has	have	AUX
cblr-1216	384	14	applied	apply	VERB
cblr-1216	384	15	the	the	DET
cblr-1216	384	16	standard	standard	NOUN
cblr-1216	384	17	in	in	ADP
cblr-1216	384	18	the	the	DET
cblr-1216	384	19	private	private	ADJ
cblr-1216	384	20	equity	equity	NOUN
cblr-1216	384	21	context	context	NOUN
cblr-1216	384	22	and	and	CCONJ
cblr-1216	384	23	what	what	PRON
cblr-1216	384	24	questions	question	NOUN
cblr-1216	384	25	and	and	CCONJ
cblr-1216	384	26	consequences	consequence	NOUN
cblr-1216	384	27	arise	arise	VERB
cblr-1216	384	28	from	from	ADP
cblr-1216	384	29	those	those	DET
cblr-1216	384	30	applications	application	NOUN
cblr-1216	384	31	.	.	PUNCT
cblr-1216	385	1	the	the	DET
cblr-1216	385	2	scope	scope	NOUN
cblr-1216	385	3	of	of	ADP
cblr-1216	385	4	this	this	DET
cblr-1216	385	5	uncertainty	uncertainty	NOUN
cblr-1216	385	6	is	be	AUX
cblr-1216	385	7	impossible	impossible	ADJ
cblr-1216	385	8	to	to	PART
cblr-1216	385	9	grasp	grasp	VERB
cblr-1216	385	10	without	without	ADP
cblr-1216	385	11	reference	reference	NOUN
cblr-1216	385	12	to	to	ADP
cblr-1216	385	13	an	an	DET
cblr-1216	385	14	alternative	alternative	ADJ
cblr-1216	385	15	regime	regime	NOUN
cblr-1216	385	16	.	.	PUNCT
cblr-1216	386	1	thus	thus	ADV
cblr-1216	386	2	,	,	PUNCT
cblr-1216	386	3	an	an	DET
cblr-1216	386	4	examination	examination	NOUN
cblr-1216	386	5	of	of	ADP
cblr-1216	386	6	the	the	DET
cblr-1216	386	7	fiduciary	fiduciary	ADJ
cblr-1216	386	8	standard	standard	NOUN
cblr-1216	386	9	for	for	ADP
cblr-1216	386	10	general	general	ADJ
cblr-1216	386	11	partners	partner	NOUN
cblr-1216	386	12	under	under	ADP
cblr-1216	386	13	delaware	delaware	PROPN
cblr-1216	386	14	law	law	PROPN
cblr-1216	386	15	follows	follow	VERB
cblr-1216	386	16	.	.	PUNCT
cblr-1216	387	1	107	107	NUM
cblr-1216	387	2	see	see	VERB
cblr-1216	387	3	,	,	PUNCT
cblr-1216	387	4	e.g.	e.g.	ADV
cblr-1216	387	5	,	,	PUNCT
cblr-1216	387	6	i	i	PROPN
cblr-1216	387	7	d.	d.	PROPN
cblr-1216	387	8	;	;	PUNCT
cblr-1216	387	9	shipra	shipra	PROPN
cblr-1216	387	10	mehta	mehta	PROPN
cblr-1216	387	11	,	,	PUNCT
cblr-1216	387	12	continuing	continue	VERB
cblr-1216	387	13	conundrum	conundrum	NOUN
cblr-1216	387	14	of	of	ADP
cblr-1216	387	15	mistakes	mistake	NOUN
cblr-1216	387	16	:	:	PUNCT
cblr-1216	387	17	where	where	SCONJ
cblr-1216	387	18	the	the	DET
cblr-1216	387	19	dodd	dodd	PROPN
cblr-1216	387	20	-	-	PUNCT
cblr-1216	387	21	frank	frank	PROPN
cblr-1216	387	22	act	act	PROPN
cblr-1216	387	23	went	go	VERB
cblr-1216	387	24	wrong	wrong	ADJ
cblr-1216	387	25	,	,	PUNCT
cblr-1216	387	26	14	14	NUM
cblr-1216	387	27	depaul	depaul	NOUN
cblr-1216	387	28	bus	bus	NOUN
cblr-1216	387	29	.	.	PUNCT
cblr-1216	387	30	&	&	CCONJ
cblr-1216	387	31	com	com	PROPN
cblr-1216	387	32	.	.	PUNCT
cblr-1216	388	1	l.j	l.j	PROPN
cblr-1216	388	2	.	.	PROPN
cblr-1216	388	3	233	233	NUM
cblr-1216	388	4	(	(	PUNCT
cblr-1216	388	5	2015	2015	NUM
cblr-1216	388	6	)	)	PUNCT
cblr-1216	388	7	.	.	PUNCT
cblr-1216	389	1	108	108	NUM
cblr-1216	389	2	gallagher	gallagher	PROPN
cblr-1216	389	3	testimony	testimony	NOUN
cblr-1216	389	4	,	,	PUNCT
cblr-1216	389	5	supra	supra	PROPN
cblr-1216	389	6	note	note	NOUN
cblr-1216	389	7	104	104	NUM
cblr-1216	389	8	,	,	PUNCT
cblr-1216	389	9	at	at	ADP
cblr-1216	389	10	19–20	19–20	NUM
cblr-1216	389	11	.	.	PUNCT
cblr-1216	389	12	109	109	NUM
cblr-1216	389	13	private	private	ADJ
cblr-1216	389	14	equity	equity	NOUN
cblr-1216	389	15	:	:	PUNCT
cblr-1216	389	16	top	top	ADJ
cblr-1216	389	17	states	state	NOUN
cblr-1216	389	18	&	&	CCONJ
cblr-1216	389	19	districts	district	NOUN
cblr-1216	389	20	,	,	PUNCT
cblr-1216	389	21	am	be	AUX
cblr-1216	389	22	.	.	PUNCT
cblr-1216	389	23	inv	inv	ADJ
cblr-1216	389	24	.	.	PUNCT
cblr-1216	390	1	council	council	PROPN
cblr-1216	390	2	,	,	PUNCT
cblr-1216	390	3	http://www.investmentcouncil.org/private-equity-at-work/education/private-equity-top-states-districts/[perma.cc/lm4g-94gq	http://www.investmentcouncil.org/private-equity-at-work/education/private-equity-top-states-districts/[perma.cc/lm4g-94gq	PROPN
cblr-1216	390	4	]	]	PUNCT
cblr-1216	390	5	.	.	PUNCT
cblr-1216	391	1	110	110	NUM
cblr-1216	391	2	who	who	PRON
cblr-1216	391	3	benefits	benefit	VERB
cblr-1216	391	4	?	?	PUNCT
cblr-1216	391	5	,	,	PUNCT
cblr-1216	391	6	am	be	AUX
cblr-1216	391	7	.	.	PUNCT
cblr-1216	392	1	inv	inv	ADJ
cblr-1216	392	2	.	.	PUNCT
cblr-1216	393	1	council	council	PROPN
cblr-1216	393	2	,	,	PUNCT
cblr-1216	393	3	http://www.investmentcouncil.org/private-equity-at-work/education/who-benefits/	http://www.investmentcouncil.org/private-equity-at-work/education/who-benefits/	NOUN
cblr-1216	394	1	[	[	X
cblr-1216	394	2	perma.cc/n9flqlwf	perma.cc/n9flqlwf	X
cblr-1216	394	3	]	]	X
cblr-1216	394	4	.	.	PUNCT
cblr-1216	395	1	nadler_final	nadler_final	ADJ
cblr-1216	395	2	278	278	NUM
cblr-1216	395	3	columbia	columbia	PROPN
cblr-1216	395	4	business	business	NOUN
cblr-1216	395	5	law	law	PROPN
cblr-1216	395	6	review	review	NOUN
cblr-1216	395	7	[	[	X
cblr-1216	395	8	vol	vol	NOUN
cblr-1216	395	9	.	.	PUNCT
cblr-1216	395	10	2018	2018	NUM
cblr-1216	395	11	b.	b.	PROPN
cblr-1216	395	12	fiduciary	fiduciary	ADJ
cblr-1216	395	13	duties	duty	NOUN
cblr-1216	395	14	under	under	ADP
cblr-1216	395	15	delaware	delaware	PROPN
cblr-1216	395	16	law	law	PROPN
cblr-1216	395	17	in	in	ADP
cblr-1216	395	18	contrast	contrast	NOUN
cblr-1216	395	19	to	to	ADP
cblr-1216	395	20	the	the	DET
cblr-1216	395	21	iaa	iaa	NOUN
cblr-1216	395	22	’s	’s	PART
cblr-1216	395	23	fiduciary	fiduciary	ADJ
cblr-1216	395	24	regime	regime	NOUN
cblr-1216	395	25	,	,	PUNCT
cblr-1216	395	26	the	the	DET
cblr-1216	395	27	fiduciary	fiduciary	ADJ
cblr-1216	395	28	duties	duty	NOUN
cblr-1216	395	29	owed	owe	VERB
cblr-1216	395	30	to	to	ADP
cblr-1216	395	31	limited	limited	ADJ
cblr-1216	395	32	partners	partner	NOUN
cblr-1216	395	33	are	be	AUX
cblr-1216	395	34	waivable	waivable	ADJ
cblr-1216	395	35	and	and	CCONJ
cblr-1216	395	36	modifiable	modifiable	ADJ
cblr-1216	395	37	by	by	ADP
cblr-1216	395	38	the	the	DET
cblr-1216	395	39	parties	party	NOUN
cblr-1216	395	40	under	under	ADP
cblr-1216	395	41	delaware	delaware	PROPN
cblr-1216	395	42	law	law	PROPN
cblr-1216	395	43	.	.	PUNCT
cblr-1216	396	1	this	this	DET
cblr-1216	396	2	section	section	NOUN
cblr-1216	396	3	surveys	survey	VERB
cblr-1216	396	4	the	the	DET
cblr-1216	396	5	source	source	NOUN
cblr-1216	396	6	of	of	ADP
cblr-1216	396	7	this	this	DET
cblr-1216	396	8	flexibility	flexibility	NOUN
cblr-1216	396	9	and	and	CCONJ
cblr-1216	396	10	the	the	DET
cblr-1216	396	11	reasons	reason	NOUN
cblr-1216	396	12	for	for	ADP
cblr-1216	396	13	this	this	DET
cblr-1216	396	14	state	state	NOUN
cblr-1216	396	15	of	of	ADP
cblr-1216	396	16	affairs	affair	NOUN
cblr-1216	396	17	in	in	ADP
cblr-1216	396	18	delaware	delaware	PROPN
cblr-1216	396	19	.	.	PUNCT
cblr-1216	397	1	then	then	ADV
cblr-1216	397	2	,	,	PUNCT
cblr-1216	397	3	it	it	PRON
cblr-1216	397	4	examines	examine	VERB
cblr-1216	397	5	delaware	delaware	PROPN
cblr-1216	397	6	law	law	PROPN
cblr-1216	397	7	in	in	ADP
cblr-1216	397	8	light	light	NOUN
cblr-1216	397	9	of	of	ADP
cblr-1216	397	10	the	the	DET
cblr-1216	397	11	kkr	kkr	PROPN
cblr-1216	397	12	,	,	PUNCT
cblr-1216	397	13	blackstone	blackstone	NOUN
cblr-1216	397	14	,	,	PUNCT
cblr-1216	397	15	and	and	CCONJ
cblr-1216	397	16	apollo	apollo	PROPN
cblr-1216	397	17	orders	order	NOUN
cblr-1216	397	18	.	.	PUNCT
cblr-1216	398	1	1	1	X
cblr-1216	398	2	.	.	X
cblr-1216	398	3	dlpa	dlpa	ADJ
cblr-1216	398	4	and	and	CCONJ
cblr-1216	398	5	waivable	waivable	ADJ
cblr-1216	398	6	fiduciary	fiduciary	ADJ
cblr-1216	398	7	duties	duty	NOUN
cblr-1216	398	8	in	in	ADP
cblr-1216	398	9	2004	2004	NUM
cblr-1216	398	10	,	,	PUNCT
cblr-1216	398	11	the	the	DET
cblr-1216	398	12	delaware	delaware	PROPN
cblr-1216	398	13	legislature	legislature	PROPN
cblr-1216	398	14	amended	amend	VERB
cblr-1216	398	15	the	the	DET
cblr-1216	398	16	delaware	delaware	PROPN
cblr-1216	398	17	limited	limited	PROPN
cblr-1216	398	18	partnership	partnership	PROPN
cblr-1216	398	19	act	act	VERB
cblr-1216	398	20	to	to	PART
cblr-1216	398	21	allow	allow	VERB
cblr-1216	398	22	for	for	ADP
cblr-1216	398	23	the	the	DET
cblr-1216	398	24	waiver	waiver	NOUN
cblr-1216	398	25	or	or	CCONJ
cblr-1216	398	26	modification	modification	NOUN
cblr-1216	398	27	of	of	ADP
cblr-1216	398	28	fiduciary	fiduciary	ADJ
cblr-1216	398	29	duties	duty	NOUN
cblr-1216	398	30	in	in	ADP
cblr-1216	398	31	limited	limited	ADJ
cblr-1216	398	32	partnerships.111	partnerships.111	PROPN
cblr-1216	398	33	this	this	DET
cblr-1216	398	34	amendment	amendment	NOUN
cblr-1216	398	35	was	be	AUX
cblr-1216	398	36	accompanied	accompany	VERB
cblr-1216	398	37	by	by	ADP
cblr-1216	398	38	another	another	PRON
cblr-1216	398	39	that	that	PRON
cblr-1216	398	40	allowed	allow	VERB
cblr-1216	398	41	for	for	ADP
cblr-1216	398	42	the	the	DET
cblr-1216	398	43	same	same	ADJ
cblr-1216	398	44	waiver	waiver	NOUN
cblr-1216	398	45	or	or	CCONJ
cblr-1216	398	46	modification	modification	NOUN
cblr-1216	398	47	in	in	ADP
cblr-1216	398	48	limited	limited	ADJ
cblr-1216	398	49	liability	liability	NOUN
cblr-1216	398	50	companies	company	NOUN
cblr-1216	398	51	(	(	PUNCT
cblr-1216	398	52	“	"	PUNCT
cblr-1216	398	53	llcs”).112	llcs”).112	X
cblr-1216	398	54	former	former	ADJ
cblr-1216	398	55	chief	chief	ADJ
cblr-1216	398	56	justice	justice	NOUN
cblr-1216	398	57	of	of	ADP
cblr-1216	398	58	the	the	DET
cblr-1216	398	59	delaware	delaware	PROPN
cblr-1216	398	60	supreme	supreme	PROPN
cblr-1216	398	61	court	court	PROPN
cblr-1216	398	62	,	,	PUNCT
cblr-1216	398	63	myron	myron	PROPN
cblr-1216	398	64	t.	t.	PROPN
cblr-1216	398	65	steele	steele	PROPN
cblr-1216	398	66	,	,	PUNCT
cblr-1216	398	67	noted	note	VERB
cblr-1216	398	68	that	that	SCONJ
cblr-1216	398	69	it	it	PRON
cblr-1216	398	70	was	be	AUX
cblr-1216	398	71	“	"	PUNCT
cblr-1216	398	72	abundantly	abundantly	ADV
cblr-1216	398	73	clear	clear	ADJ
cblr-1216	398	74	”	"	PUNCT
cblr-1216	398	75	that	that	SCONJ
cblr-1216	398	76	delaware	delaware	PROPN
cblr-1216	398	77	had	have	AUX
cblr-1216	398	78	changed	change	VERB
cblr-1216	398	79	the	the	DET
cblr-1216	398	80	status	status	NOUN
cblr-1216	398	81	of	of	ADP
cblr-1216	398	82	the	the	DET
cblr-1216	398	83	parties	party	NOUN
cblr-1216	398	84	to	to	PART
cblr-1216	398	85	llcs	llcs	VERB
cblr-1216	398	86	or	or	CCONJ
cblr-1216	398	87	limited	limited	ADJ
cblr-1216	398	88	partnerships	partnership	NOUN
cblr-1216	398	89	from	from	ADP
cblr-1216	398	90	a	a	DET
cblr-1216	398	91	“	"	PUNCT
cblr-1216	398	92	dependency	dependency	NOUN
cblr-1216	398	93	relationship	relationship	NOUN
cblr-1216	398	94	”	"	PUNCT
cblr-1216	398	95	to	to	ADP
cblr-1216	398	96	a	a	DET
cblr-1216	398	97	“	"	PUNCT
cblr-1216	398	98	contractual	contractual	ADJ
cblr-1216	398	99	relationship	relationship	NOUN
cblr-1216	398	100	.	.	PUNCT
cblr-1216	399	1	”113	”113	PUNCT
cblr-1216	400	1	as	as	ADP
cblr-1216	400	2	part	part	NOUN
cblr-1216	400	3	of	of	ADP
cblr-1216	400	4	this	this	DET
cblr-1216	400	5	contractual	contractual	ADJ
cblr-1216	400	6	relationship	relationship	NOUN
cblr-1216	400	7	,	,	PUNCT
cblr-1216	400	8	according	accord	VERB
cblr-1216	400	9	to	to	ADP
cblr-1216	400	10	chief	chief	PROPN
cblr-1216	400	11	justice	justice	NOUN
cblr-1216	400	12	steele	steele	PROPN
cblr-1216	400	13	,	,	PUNCT
cblr-1216	400	14	“	"	PUNCT
cblr-1216	400	15	except	except	SCONJ
cblr-1216	400	16	where	where	SCONJ
cblr-1216	400	17	the	the	DET
cblr-1216	400	18	parties	party	NOUN
cblr-1216	400	19	to	to	ADP
cblr-1216	400	20	an	an	DET
cblr-1216	400	21	llp	llp	PROPN
cblr-1216	400	22	or	or	CCONJ
cblr-1216	400	23	llc	llc	PROPN
cblr-1216	400	24	agreement	agreement	NOUN
cblr-1216	400	25	do	do	AUX
cblr-1216	400	26	not	not	PART
cblr-1216	400	27	address	address	VERB
cblr-1216	400	28	fiduciary	fiduciary	ADJ
cblr-1216	400	29	duties	duty	NOUN
cblr-1216	400	30	,	,	PUNCT
cblr-1216	400	31	parties	party	NOUN
cblr-1216	400	32	to	to	ADP
cblr-1216	400	33	limited	limited	ADJ
cblr-1216	400	34	partnership	partnership	NOUN
cblr-1216	400	35	and	and	CCONJ
cblr-1216	400	36	limited	limited	ADJ
cblr-1216	400	37	liability	liability	NOUN
cblr-1216	400	38	111	111	NUM
cblr-1216	400	39	74	74	NUM
cblr-1216	400	40	del	del	PROPN
cblr-1216	400	41	.	.	PROPN
cblr-1216	400	42	laws	law	NOUN
cblr-1216	400	43	ch	ch	PROPN
cblr-1216	400	44	.	.	PROPN
cblr-1216	400	45	265	265	NUM
cblr-1216	400	46	(	(	PUNCT
cblr-1216	400	47	2004	2004	NUM
cblr-1216	400	48	)	)	PUNCT
cblr-1216	400	49	.	.	PUNCT
cblr-1216	401	1	the	the	DET
cblr-1216	401	2	current	current	ADJ
cblr-1216	401	3	version	version	NOUN
cblr-1216	401	4	reads	read	VERB
cblr-1216	401	5	:	:	PUNCT
cblr-1216	401	6	to	to	ADP
cblr-1216	401	7	the	the	DET
cblr-1216	401	8	extent	extent	NOUN
cblr-1216	401	9	that	that	SCONJ
cblr-1216	401	10	,	,	PUNCT
cblr-1216	401	11	at	at	ADP
cblr-1216	401	12	law	law	NOUN
cblr-1216	401	13	or	or	CCONJ
cblr-1216	401	14	in	in	ADP
cblr-1216	401	15	equity	equity	NOUN
cblr-1216	401	16	,	,	PUNCT
cblr-1216	401	17	a	a	DET
cblr-1216	401	18	partner	partner	NOUN
cblr-1216	401	19	or	or	CCONJ
cblr-1216	401	20	other	other	ADJ
cblr-1216	401	21	person	person	NOUN
cblr-1216	401	22	has	have	VERB
cblr-1216	401	23	duties	duty	NOUN
cblr-1216	401	24	(	(	PUNCT
cblr-1216	401	25	including	include	VERB
cblr-1216	401	26	fiduciary	fiduciary	ADJ
cblr-1216	401	27	duties	duty	NOUN
cblr-1216	401	28	)	)	PUNCT
cblr-1216	401	29	to	to	ADP
cblr-1216	401	30	a	a	DET
cblr-1216	401	31	limited	limited	ADJ
cblr-1216	401	32	partnership	partnership	NOUN
cblr-1216	401	33	or	or	CCONJ
cblr-1216	401	34	to	to	ADP
cblr-1216	401	35	another	another	DET
cblr-1216	401	36	partner	partner	NOUN
cblr-1216	401	37	or	or	CCONJ
cblr-1216	401	38	to	to	ADP
cblr-1216	401	39	another	another	DET
cblr-1216	401	40	person	person	NOUN
cblr-1216	401	41	that	that	PRON
cblr-1216	401	42	is	be	AUX
cblr-1216	401	43	a	a	DET
cblr-1216	401	44	party	party	NOUN
cblr-1216	401	45	to	to	PART
cblr-1216	401	46	or	or	CCONJ
cblr-1216	401	47	is	be	AUX
cblr-1216	401	48	otherwise	otherwise	ADV
cblr-1216	401	49	bound	bind	VERB
cblr-1216	401	50	by	by	ADP
cblr-1216	401	51	a	a	DET
cblr-1216	401	52	partnership	partnership	NOUN
cblr-1216	401	53	agreement	agreement	NOUN
cblr-1216	401	54	,	,	PUNCT
cblr-1216	401	55	the	the	DET
cblr-1216	401	56	partner	partner	NOUN
cblr-1216	401	57	’s	’s	PART
cblr-1216	401	58	or	or	CCONJ
cblr-1216	401	59	other	other	ADJ
cblr-1216	401	60	person	person	NOUN
cblr-1216	401	61	’s	’s	PART
cblr-1216	401	62	duties	duty	NOUN
cblr-1216	401	63	may	may	AUX
cblr-1216	401	64	be	be	AUX
cblr-1216	401	65	expanded	expand	VERB
cblr-1216	401	66	or	or	CCONJ
cblr-1216	401	67	restricted	restrict	VERB
cblr-1216	401	68	or	or	CCONJ
cblr-1216	401	69	eliminated	eliminate	VERB
cblr-1216	401	70	by	by	ADP
cblr-1216	401	71	provisions	provision	NOUN
cblr-1216	401	72	in	in	ADP
cblr-1216	401	73	the	the	DET
cblr-1216	401	74	partnership	partnership	NOUN
cblr-1216	401	75	agreement	agreement	NOUN
cblr-1216	401	76	;	;	PUNCT
cblr-1216	401	77	provided	provide	VERB
cblr-1216	401	78	that	that	SCONJ
cblr-1216	401	79	the	the	DET
cblr-1216	401	80	partnership	partnership	NOUN
cblr-1216	401	81	agreement	agreement	NOUN
cblr-1216	401	82	may	may	AUX
cblr-1216	401	83	not	not	PART
cblr-1216	401	84	eliminate	eliminate	VERB
cblr-1216	401	85	the	the	DET
cblr-1216	401	86	implied	imply	VERB
cblr-1216	401	87	contractual	contractual	ADJ
cblr-1216	401	88	covenant	covenant	NOUN
cblr-1216	401	89	of	of	ADP
cblr-1216	401	90	good	good	ADJ
cblr-1216	401	91	faith	faith	NOUN
cblr-1216	401	92	and	and	CCONJ
cblr-1216	401	93	fair	fair	ADJ
cblr-1216	401	94	dealing	dealing	NOUN
cblr-1216	401	95	.	.	PUNCT
cblr-1216	402	1	del	del	PROPN
cblr-1216	402	2	.	.	PROPN
cblr-1216	402	3	code	code	PROPN
cblr-1216	402	4	ann	ann	PROPN
cblr-1216	402	5	.	.	PUNCT
cblr-1216	403	1	tit	tit	PROPN
cblr-1216	403	2	.	.	PROPN
cblr-1216	404	1	6	6	NUM
cblr-1216	404	2	,	,	PUNCT
cblr-1216	404	3	§	§	NOUN
cblr-1216	404	4	17	17	NUM
cblr-1216	404	5	-	-	PUNCT
cblr-1216	404	6	1101(d	1101(d	NUM
cblr-1216	404	7	)	)	PUNCT
cblr-1216	404	8	(	(	PUNCT
cblr-1216	404	9	west	west	NOUN
cblr-1216	404	10	2011	2011	NUM
cblr-1216	404	11	)	)	PUNCT
cblr-1216	404	12	.	.	PUNCT
cblr-1216	405	1	112	112	NUM
cblr-1216	405	2	74	74	NUM
cblr-1216	405	3	del	del	PROPN
cblr-1216	405	4	.	.	PROPN
cblr-1216	405	5	laws	law	NOUN
cblr-1216	405	6	ch	ch	PROPN
cblr-1216	405	7	.	.	PROPN
cblr-1216	405	8	275	275	NUM
cblr-1216	405	9	(	(	PUNCT
cblr-1216	405	10	2004	2004	NUM
cblr-1216	405	11	)	)	PUNCT
cblr-1216	405	12	.	.	PUNCT
cblr-1216	406	1	113	113	NUM
cblr-1216	406	2	myron	myron	PROPN
cblr-1216	406	3	t.	t.	PROPN
cblr-1216	406	4	steele	steele	PROPN
cblr-1216	406	5	,	,	PUNCT
cblr-1216	406	6	judicial	judicial	ADJ
cblr-1216	406	7	scrutiny	scrutiny	NOUN
cblr-1216	406	8	of	of	ADP
cblr-1216	406	9	fiduciary	fiduciary	ADJ
cblr-1216	406	10	duties	duty	NOUN
cblr-1216	406	11	in	in	ADP
cblr-1216	406	12	delaware	delaware	PROPN
cblr-1216	406	13	limited	limit	VERB
cblr-1216	406	14	partnerships	partnership	NOUN
cblr-1216	406	15	and	and	CCONJ
cblr-1216	406	16	limited	limited	ADJ
cblr-1216	406	17	liability	liability	NOUN
cblr-1216	406	18	companies	company	NOUN
cblr-1216	406	19	,	,	PUNCT
cblr-1216	406	20	32	32	NUM
cblr-1216	406	21	del	del	PROPN
cblr-1216	406	22	.	.	PROPN
cblr-1216	406	23	j.	j.	PROPN
cblr-1216	406	24	corp	corp	PROPN
cblr-1216	406	25	.	.	PROPN
cblr-1216	406	26	l.	l.	PROPN
cblr-1216	406	27	1	1	NUM
cblr-1216	406	28	,	,	PUNCT
cblr-1216	406	29	13–14	13–14	NUM
cblr-1216	406	30	(	(	PUNCT
cblr-1216	406	31	2007	2007	NUM
cblr-1216	406	32	)	)	PUNCT
cblr-1216	406	33	.	.	PUNCT
cblr-1216	407	1	nadler_final	nadler_final	ADJ
cblr-1216	407	2	no	no	INTJ
cblr-1216	407	3	.	.	PUNCT
cblr-1216	408	1	1:254	1:254	NUM
cblr-1216	408	2	]	]	X
cblr-1216	408	3	federal	federal	ADJ
cblr-1216	408	4	fiduciary	fiduciary	ADJ
cblr-1216	408	5	duties	duty	NOUN
cblr-1216	408	6	and	and	CCONJ
cblr-1216	408	7	private	private	ADJ
cblr-1216	408	8	equity	equity	NOUN
cblr-1216	408	9	279	279	NUM
cblr-1216	408	10	company	company	NOUN
cblr-1216	408	11	agreements	agreement	NOUN
cblr-1216	408	12	will	will	AUX
cblr-1216	408	13	normally	normally	ADV
cblr-1216	408	14	seek	seek	VERB
cblr-1216	408	15	to	to	PART
cblr-1216	408	16	craft	craft	VERB
cblr-1216	408	17	their	their	PRON
cblr-1216	408	18	own	own	ADJ
cblr-1216	408	19	status	status	NOUN
cblr-1216	408	20	relationship	relationship	NOUN
cblr-1216	408	21	by	by	ADP
cblr-1216	408	22	contract	contract	NOUN
cblr-1216	408	23	.	.	PUNCT
cblr-1216	408	24	”114	”114	PUNCT
cblr-1216	409	1	thus	thus	ADV
cblr-1216	409	2	,	,	PUNCT
cblr-1216	409	3	when	when	SCONJ
cblr-1216	409	4	parties	party	NOUN
cblr-1216	409	5	move	move	VERB
cblr-1216	409	6	to	to	PART
cblr-1216	409	7	modify	modify	VERB
cblr-1216	409	8	or	or	CCONJ
cblr-1216	409	9	eliminate	eliminate	VERB
cblr-1216	409	10	fiduciary	fiduciary	ADJ
cblr-1216	409	11	duties	duty	NOUN
cblr-1216	409	12	,	,	PUNCT
cblr-1216	409	13	“	"	PUNCT
cblr-1216	409	14	the	the	DET
cblr-1216	409	15	courts	court	NOUN
cblr-1216	409	16	must	must	AUX
cblr-1216	409	17	recognize	recognize	VERB
cblr-1216	409	18	that	that	SCONJ
cblr-1216	409	19	the	the	DET
cblr-1216	409	20	contracting	contracting	NOUN
cblr-1216	409	21	parties	party	NOUN
cblr-1216	409	22	have	have	AUX
cblr-1216	409	23	not	not	PART
cblr-1216	409	24	superimposed	superimpose	VERB
cblr-1216	409	25	upon	upon	SCONJ
cblr-1216	409	26	their	their	PRON
cblr-1216	409	27	relationship	relationship	NOUN
cblr-1216	409	28	a	a	DET
cblr-1216	409	29	set	set	NOUN
cblr-1216	409	30	of	of	ADP
cblr-1216	409	31	duties	duty	NOUN
cblr-1216	409	32	and	and	CCONJ
cblr-1216	409	33	liabilities	liability	NOUN
cblr-1216	409	34	drawn	draw	VERB
cblr-1216	409	35	from	from	ADP
cblr-1216	409	36	a	a	DET
cblr-1216	409	37	common	common	ADJ
cblr-1216	409	38	law	law	NOUN
cblr-1216	409	39	fiduciary	fiduciary	ADJ
cblr-1216	409	40	duty	duty	NOUN
cblr-1216	409	41	with	with	ADP
cblr-1216	409	42	its	its	PRON
cblr-1216	409	43	complex	complex	ADJ
cblr-1216	409	44	overlay	overlay	NOUN
cblr-1216	409	45	of	of	ADP
cblr-1216	409	46	levels	level	NOUN
cblr-1216	409	47	of	of	ADP
cblr-1216	409	48	scrutiny	scrutiny	NOUN
cblr-1216	409	49	.	.	PUNCT
cblr-1216	409	50	”115	”115	PUNCT
cblr-1216	410	1	it	it	PRON
cblr-1216	410	2	is	be	AUX
cblr-1216	410	3	clear	clear	ADJ
cblr-1216	410	4	from	from	ADP
cblr-1216	410	5	the	the	DET
cblr-1216	410	6	statute	statute	NOUN
cblr-1216	410	7	and	and	CCONJ
cblr-1216	410	8	subsequent	subsequent	ADJ
cblr-1216	410	9	case	case	NOUN
cblr-1216	410	10	law	law	NOUN
cblr-1216	410	11	that	that	PRON
cblr-1216	410	12	even	even	ADV
cblr-1216	410	13	if	if	SCONJ
cblr-1216	410	14	fiduciary	fiduciary	ADJ
cblr-1216	410	15	duties	duty	NOUN
cblr-1216	410	16	are	be	AUX
cblr-1216	410	17	waived	waive	VERB
cblr-1216	410	18	or	or	CCONJ
cblr-1216	410	19	modified	modify	VERB
cblr-1216	410	20	,	,	PUNCT
cblr-1216	410	21	the	the	DET
cblr-1216	410	22	implied	imply	VERB
cblr-1216	410	23	covenant	covenant	NOUN
cblr-1216	410	24	of	of	ADP
cblr-1216	410	25	good	good	ADJ
cblr-1216	410	26	faith	faith	NOUN
cblr-1216	410	27	and	and	CCONJ
cblr-1216	410	28	fair	fair	ADJ
cblr-1216	410	29	dealing	dealing	NOUN
cblr-1216	410	30	is	be	AUX
cblr-1216	410	31	an	an	DET
cblr-1216	410	32	independent	independent	ADJ
cblr-1216	410	33	protection	protection	NOUN
cblr-1216	410	34	.	.	PUNCT
cblr-1216	411	1	in	in	ADP
cblr-1216	411	2	gerber	gerber	PROPN
cblr-1216	411	3	v.	v.	ADP
cblr-1216	411	4	enterprise	enterprise	NOUN
cblr-1216	411	5	products	product	NOUN
cblr-1216	411	6	holdings	holding	NOUN
cblr-1216	411	7	,	,	PUNCT
cblr-1216	411	8	llc,116	llc,116	CCONJ
cblr-1216	411	9	a	a	DET
cblr-1216	411	10	limited	limited	ADJ
cblr-1216	411	11	partnership	partnership	NOUN
cblr-1216	411	12	agreement	agreement	NOUN
cblr-1216	411	13	had	have	AUX
cblr-1216	411	14	replaced	replace	VERB
cblr-1216	411	15	the	the	DET
cblr-1216	411	16	default	default	NOUN
cblr-1216	411	17	fiduciary	fiduciary	ADJ
cblr-1216	411	18	duties	duty	NOUN
cblr-1216	411	19	with	with	ADP
cblr-1216	411	20	a	a	DET
cblr-1216	411	21	good	good	ADJ
cblr-1216	411	22	faith	faith	NOUN
cblr-1216	411	23	standard	standard	NOUN
cblr-1216	411	24	.	.	PUNCT
cblr-1216	412	1	the	the	DET
cblr-1216	412	2	chancery	chancery	NOUN
cblr-1216	412	3	court	court	NOUN
cblr-1216	412	4	dismissed	dismiss	VERB
cblr-1216	412	5	a	a	DET
cblr-1216	412	6	claim	claim	NOUN
cblr-1216	412	7	under	under	ADP
cblr-1216	412	8	the	the	DET
cblr-1216	412	9	implied	imply	VERB
cblr-1216	412	10	covenant	covenant	NOUN
cblr-1216	412	11	of	of	ADP
cblr-1216	412	12	good	good	ADJ
cblr-1216	412	13	faith	faith	NOUN
cblr-1216	412	14	and	and	CCONJ
cblr-1216	412	15	fair	fair	ADJ
cblr-1216	412	16	dealing	dealing	NOUN
cblr-1216	412	17	because	because	SCONJ
cblr-1216	412	18	the	the	DET
cblr-1216	412	19	challenged	challenge	VERB
cblr-1216	412	20	transactions	transaction	NOUN
cblr-1216	412	21	were	be	AUX
cblr-1216	412	22	approved	approve	VERB
cblr-1216	412	23	in	in	ADP
cblr-1216	412	24	accordance	accordance	NOUN
cblr-1216	412	25	with	with	ADP
cblr-1216	412	26	the	the	DET
cblr-1216	412	27	governing	govern	VERB
cblr-1216	412	28	document	document	NOUN
cblr-1216	412	29	,	,	PUNCT
cblr-1216	412	30	and	and	CCONJ
cblr-1216	412	31	thus	thus	ADV
cblr-1216	412	32	had	have	VERB
cblr-1216	412	33	a	a	DET
cblr-1216	412	34	conclusive	conclusive	ADJ
cblr-1216	412	35	presumption	presumption	NOUN
cblr-1216	412	36	of	of	ADP
cblr-1216	412	37	good	good	ADJ
cblr-1216	412	38	faith.117	faith.117	NOUN
cblr-1216	412	39	the	the	DET
cblr-1216	412	40	delaware	delaware	PROPN
cblr-1216	412	41	supreme	supreme	PROPN
cblr-1216	412	42	court	court	PROPN
cblr-1216	412	43	reversed	reverse	VERB
cblr-1216	412	44	,	,	PUNCT
cblr-1216	412	45	holding	hold	VERB
cblr-1216	412	46	that	that	SCONJ
cblr-1216	412	47	the	the	DET
cblr-1216	412	48	limited	limited	ADJ
cblr-1216	412	49	partnership	partnership	NOUN
cblr-1216	412	50	agreement	agreement	NOUN
cblr-1216	412	51	’s	’s	PART
cblr-1216	412	52	“	"	PUNCT
cblr-1216	412	53	conclusive	conclusive	ADJ
cblr-1216	412	54	presumption	presumption	NOUN
cblr-1216	412	55	of	of	ADP
cblr-1216	412	56	good	good	ADJ
cblr-1216	412	57	faith	faith	NOUN
cblr-1216	412	58	”	"	PUNCT
cblr-1216	412	59	did	do	AUX
cblr-1216	412	60	not	not	PART
cblr-1216	412	61	“	"	PUNCT
cblr-1216	412	62	bar	bar	VERB
cblr-1216	412	63	a	a	DET
cblr-1216	412	64	claim	claim	NOUN
cblr-1216	412	65	under	under	ADP
cblr-1216	412	66	the	the	DET
cblr-1216	412	67	implied	imply	VERB
cblr-1216	412	68	covenant	covenant	NOUN
cblr-1216	412	69	.	.	PUNCT
cblr-1216	412	70	”118	”118	PUNCT
cblr-1216	413	1	the	the	DET
cblr-1216	413	2	court	court	NOUN
cblr-1216	413	3	found	find	VERB
cblr-1216	413	4	that	that	SCONJ
cblr-1216	413	5	a	a	DET
cblr-1216	413	6	party	party	NOUN
cblr-1216	413	7	could	could	AUX
cblr-1216	413	8	adequately	adequately	ADV
cblr-1216	413	9	plead	plead	VERB
cblr-1216	413	10	a	a	DET
cblr-1216	413	11	claim	claim	NOUN
cblr-1216	413	12	under	under	ADP
cblr-1216	413	13	the	the	DET
cblr-1216	413	14	implied	imply	VERB
cblr-1216	413	15	covenant	covenant	NOUN
cblr-1216	413	16	by	by	ADP
cblr-1216	413	17	alleging	allege	VERB
cblr-1216	413	18	a	a	DET
cblr-1216	413	19	“	"	PUNCT
cblr-1216	413	20	manifestly	manifestly	ADV
cblr-1216	413	21	unfair	unfair	ADJ
cblr-1216	413	22	transaction	transaction	NOUN
cblr-1216	413	23	”	"	PUNCT
cblr-1216	413	24	with	with	ADP
cblr-1216	413	25	“	"	PUNCT
cblr-1216	413	26	the	the	DET
cblr-1216	413	27	type	type	NOUN
cblr-1216	413	28	of	of	ADP
cblr-1216	413	29	arbitrary	arbitrary	ADJ
cblr-1216	413	30	,	,	PUNCT
cblr-1216	413	31	unreasonable	unreasonable	ADJ
cblr-1216	413	32	conduct	conduct	NOUN
cblr-1216	413	33	that	that	SCONJ
cblr-1216	413	34	the	the	DET
cblr-1216	413	35	implied	imply	VERB
cblr-1216	413	36	covenant	covenant	ADJ
cblr-1216	413	37	prohibits	prohibit	NOUN
cblr-1216	413	38	.	.	PUNCT
cblr-1216	414	1	”119	”119	PROPN
cblr-1216	414	2	114	114	NUM
cblr-1216	415	1	i	i	PRON
cblr-1216	415	2	d.	d.	PROPN
cblr-1216	415	3	at	at	ADP
cblr-1216	415	4	23	23	NUM
cblr-1216	415	5	.	.	PUNCT
cblr-1216	415	6	115	115	NUM
cblr-1216	416	1	i	i	PRON
cblr-1216	416	2	d.	d.	PROPN
cblr-1216	416	3	116	116	NUM
cblr-1216	416	4	gerber	gerber	PROPN
cblr-1216	416	5	v.	v.	X
cblr-1216	416	6	enter	enter	VERB
cblr-1216	416	7	.	.	PUNCT
cblr-1216	417	1	prods	prod	VERB
cblr-1216	417	2	.	.	PUNCT
cblr-1216	418	1	holdings	holding	NOUN
cblr-1216	418	2	,	,	PUNCT
cblr-1216	418	3	67	67	NUM
cblr-1216	418	4	a.3d	a.3d	SYM
cblr-1216	418	5	400	400	NUM
cblr-1216	418	6	(	(	PUNCT
cblr-1216	418	7	del	del	PROPN
cblr-1216	418	8	.	.	PROPN
cblr-1216	418	9	2013	2013	NUM
cblr-1216	418	10	)	)	PUNCT
cblr-1216	418	11	.	.	PUNCT
cblr-1216	419	1	117	117	NUM
cblr-1216	420	1	i	i	PRON
cblr-1216	420	2	d.	d.	PROPN
cblr-1216	420	3	at	at	ADP
cblr-1216	420	4	410	410	NUM
cblr-1216	420	5	.	.	PUNCT
cblr-1216	421	1	(	(	PUNCT
cblr-1216	421	2	“	"	PUNCT
cblr-1216	421	3	[	[	X
cblr-1216	421	4	a	a	X
cblr-1216	421	5	]	]	X
cblr-1216	421	6	provision	provision	NOUN
cblr-1216	421	7	created	create	VERB
cblr-1216	421	8	four	four	NUM
cblr-1216	421	9	‘	'	PUNCT
cblr-1216	421	10	safe	safe	ADJ
cblr-1216	421	11	harbors	harbor	NOUN
cblr-1216	421	12	’	'	PUNCT
cblr-1216	421	13	within	within	ADP
cblr-1216	421	14	which	which	PRON
cblr-1216	421	15	the	the	DET
cblr-1216	421	16	general	general	ADJ
cblr-1216	421	17	partner	partner	NOUN
cblr-1216	421	18	and	and	CCONJ
cblr-1216	421	19	its	its	PRON
cblr-1216	421	20	‘	'	PUNCT
cblr-1216	421	21	affiliates	affiliate	NOUN
cblr-1216	421	22	’	'	PUNCT
cblr-1216	421	23	could	could	AUX
cblr-1216	421	24	effectuate	effectuate	VERB
cblr-1216	421	25	a	a	DET
cblr-1216	421	26	conflict	conflict	NOUN
cblr-1216	421	27	of	of	ADP
cblr-1216	421	28	interest	interest	NOUN
cblr-1216	421	29	transaction	transaction	NOUN
cblr-1216	421	30	free	free	ADJ
cblr-1216	421	31	of	of	ADP
cblr-1216	421	32	any	any	DET
cblr-1216	421	33	claim	claim	NOUN
cblr-1216	421	34	that	that	SCONJ
cblr-1216	421	35	they	they	PRON
cblr-1216	421	36	breached	breach	VERB
cblr-1216	421	37	‘	'	PUNCT
cblr-1216	421	38	any	any	DET
cblr-1216	421	39	duty	duty	NOUN
cblr-1216	421	40	stated	state	VERB
cblr-1216	421	41	or	or	CCONJ
cblr-1216	421	42	implied	imply	VERB
cblr-1216	421	43	by	by	ADP
cblr-1216	421	44	law	law	NOUN
cblr-1216	421	45	or	or	CCONJ
cblr-1216	421	46	equity	equity	NOUN
cblr-1216	421	47	’	'	PUNCT
cblr-1216	421	48	.	.	PUNCT
cblr-1216	421	49	.	.	PUNCT
cblr-1216	421	50	.	.	PUNCT
cblr-1216	421	51	.	.	PUNCT
cblr-1216	422	1	the	the	DET
cblr-1216	422	2	first	first	ADJ
cblr-1216	422	3	of	of	ADP
cblr-1216	422	4	those	those	DET
cblr-1216	422	5	four	four	NUM
cblr-1216	422	6	enumerated	enumerate	VERB
cblr-1216	422	7	safe	safe	ADJ
cblr-1216	422	8	harbors	harbor	NOUN
cblr-1216	422	9	—	—	PUNCT
cblr-1216	422	10	‘	'	PUNCT
cblr-1216	422	11	special	special	ADJ
cblr-1216	422	12	approval	approval	NOUN
cblr-1216	422	13	’	'	PUNCT
cblr-1216	422	14	is	be	AUX
cblr-1216	422	15	implicated	implicate	VERB
cblr-1216	422	16	in	in	ADP
cblr-1216	422	17	this	this	DET
cblr-1216	422	18	case	case	NOUN
cblr-1216	422	19	.	.	PUNCT
cblr-1216	422	20	”	"	PUNCT
cblr-1216	422	21	)	)	PUNCT
cblr-1216	422	22	.	.	PUNCT
cblr-1216	423	1	118	118	NUM
cblr-1216	424	1	i	i	NOUN
cblr-1216	424	2	d.	d.	PROPN
cblr-1216	424	3	at	at	ADP
cblr-1216	424	4	418	418	NUM
cblr-1216	424	5	.	.	PUNCT
cblr-1216	425	1	119	119	NUM
cblr-1216	426	1	i	i	PRON
cblr-1216	426	2	d.	d.	PROPN
cblr-1216	426	3	at	at	ADP
cblr-1216	426	4	422	422	NUM
cblr-1216	426	5	.	.	PUNCT
cblr-1216	427	1	the	the	DET
cblr-1216	427	2	gerber	gerber	PROPN
cblr-1216	427	3	court	court	NOUN
cblr-1216	427	4	adopted	adopt	VERB
cblr-1216	427	5	the	the	DET
cblr-1216	427	6	definition	definition	NOUN
cblr-1216	427	7	of	of	ADP
cblr-1216	427	8	the	the	DET
cblr-1216	427	9	implied	imply	VERB
cblr-1216	427	10	covenant	covenant	NOUN
cblr-1216	427	11	from	from	ADP
cblr-1216	427	12	a	a	DET
cblr-1216	427	13	chancery	chancery	NOUN
cblr-1216	427	14	decision	decision	NOUN
cblr-1216	427	15	,	,	PUNCT
cblr-1216	427	16	asb	asb	PROPN
cblr-1216	427	17	allegiance	allegiance	NOUN
cblr-1216	427	18	real	real	ADJ
cblr-1216	427	19	estate	estate	NOUN
cblr-1216	427	20	fund	fund	NOUN
cblr-1216	427	21	v.	v.	ADP
cblr-1216	427	22	scion	scion	PROPN
cblr-1216	427	23	breckenridge	breckenridge	PROPN
cblr-1216	427	24	managing	manage	VERB
cblr-1216	427	25	member	member	PROPN
cblr-1216	427	26	,	,	PUNCT
cblr-1216	427	27	llc	llc	PROPN
cblr-1216	427	28	.	.	PUNCT
cblr-1216	428	1	that	that	DET
cblr-1216	428	2	decision	decision	NOUN
cblr-1216	428	3	in	in	ADP
cblr-1216	428	4	part	part	NOUN
cblr-1216	428	5	reads	read	VERB
cblr-1216	428	6	:	:	PUNCT
cblr-1216	428	7	“	"	PUNCT
cblr-1216	428	8	the	the	DET
cblr-1216	428	9	implied	imply	VERB
cblr-1216	428	10	covenant	covenant	NOUN
cblr-1216	428	11	requires	require	VERB
cblr-1216	428	12	that	that	SCONJ
cblr-1216	428	13	a	a	DET
cblr-1216	428	14	party	party	NOUN
cblr-1216	428	15	refrain	refrain	NOUN
cblr-1216	428	16	from	from	ADP
cblr-1216	428	17	arbitrary	arbitrary	ADJ
cblr-1216	428	18	or	or	CCONJ
cblr-1216	428	19	unreasonable	unreasonable	ADJ
cblr-1216	428	20	conduct	conduct	NOUN
cblr-1216	428	21	which	which	PRON
cblr-1216	428	22	has	have	VERB
cblr-1216	428	23	the	the	DET
cblr-1216	428	24	effect	effect	NOUN
cblr-1216	428	25	of	of	ADP
cblr-1216	428	26	preventing	prevent	VERB
cblr-1216	428	27	the	the	DET
cblr-1216	428	28	other	other	ADJ
cblr-1216	428	29	party	party	NOUN
cblr-1216	428	30	to	to	ADP
cblr-1216	428	31	the	the	DET
cblr-1216	428	32	contract	contract	NOUN
cblr-1216	428	33	from	from	ADP
cblr-1216	428	34	receiving	receive	VERB
cblr-1216	428	35	the	the	DET
cblr-1216	428	36	fruits	fruit	NOUN
cblr-1216	428	37	of	of	ADP
cblr-1216	428	38	its	its	PRON
cblr-1216	428	39	bargain	bargain	NOUN
cblr-1216	428	40	.	.	PUNCT
cblr-1216	428	41	”	"	PUNCT
cblr-1216	429	1	50	50	NUM
cblr-1216	429	2	a.3d	a.3d	SYM
cblr-1216	429	3	434	434	NUM
cblr-1216	429	4	,	,	PUNCT
cblr-1216	429	5	440–42	440–42	NUM
cblr-1216	429	6	(	(	PUNCT
cblr-1216	429	7	del	del	PROPN
cblr-1216	429	8	.	.	PROPN
cblr-1216	430	1	nadler_final	nadler_final	PROPN
cblr-1216	430	2	280	280	NUM
cblr-1216	430	3	columbia	columbia	PROPN
cblr-1216	430	4	business	business	NOUN
cblr-1216	430	5	law	law	NOUN
cblr-1216	430	6	review	review	NOUN
cblr-1216	430	7	[	[	X
cblr-1216	430	8	vol	vol	NOUN
cblr-1216	430	9	.	.	NOUN
cblr-1216	430	10	2018	2018	NUM
cblr-1216	430	11	this	this	DET
cblr-1216	430	12	fiduciary	fiduciary	ADJ
cblr-1216	430	13	regime	regime	NOUN
cblr-1216	430	14	is	be	AUX
cblr-1216	430	15	obviously	obviously	ADV
cblr-1216	430	16	quite	quite	ADV
cblr-1216	430	17	different	different	ADJ
cblr-1216	430	18	from	from	ADP
cblr-1216	430	19	the	the	DET
cblr-1216	430	20	standard	standard	NOUN
cblr-1216	430	21	for	for	ADP
cblr-1216	430	22	investment	investment	NOUN
cblr-1216	430	23	advisers	adviser	NOUN
cblr-1216	430	24	under	under	ADP
cblr-1216	430	25	federal	federal	ADJ
cblr-1216	430	26	law	law	NOUN
cblr-1216	430	27	.	.	PUNCT
cblr-1216	431	1	most	most	ADV
cblr-1216	431	2	glaringly	glaringly	ADV
cblr-1216	431	3	,	,	PUNCT
cblr-1216	431	4	the	the	DET
cblr-1216	431	5	source	source	NOUN
cblr-1216	431	6	of	of	ADP
cblr-1216	431	7	a	a	DET
cblr-1216	431	8	claim	claim	NOUN
cblr-1216	431	9	for	for	ADP
cblr-1216	431	10	breach	breach	NOUN
cblr-1216	431	11	is	be	AUX
cblr-1216	431	12	the	the	DET
cblr-1216	431	13	express	express	ADJ
cblr-1216	431	14	agreement	agreement	NOUN
cblr-1216	431	15	of	of	ADP
cblr-1216	431	16	the	the	DET
cblr-1216	431	17	parties	party	NOUN
cblr-1216	431	18	(	(	PUNCT
cblr-1216	431	19	or	or	CCONJ
cblr-1216	431	20	the	the	DET
cblr-1216	431	21	default	default	NOUN
cblr-1216	431	22	duties	duty	NOUN
cblr-1216	431	23	if	if	SCONJ
cblr-1216	431	24	the	the	DET
cblr-1216	431	25	parties	party	NOUN
cblr-1216	431	26	do	do	AUX
cblr-1216	431	27	not	not	PART
cblr-1216	431	28	contractually	contractually	ADV
cblr-1216	431	29	modify	modify	VERB
cblr-1216	431	30	fiduciary	fiduciary	ADJ
cblr-1216	431	31	duties)120	duties)120	PROPN
cblr-1216	431	32	rather	rather	ADV
cblr-1216	431	33	than	than	ADP
cblr-1216	431	34	a	a	DET
cblr-1216	431	35	bewildering	bewildering	ADJ
cblr-1216	431	36	body	body	NOUN
cblr-1216	431	37	of	of	ADP
cblr-1216	431	38	case	case	NOUN
cblr-1216	431	39	law	law	NOUN
cblr-1216	431	40	with	with	ADP
cblr-1216	431	41	limited	limited	ADJ
cblr-1216	431	42	applicability	applicability	NOUN
cblr-1216	431	43	to	to	ADP
cblr-1216	431	44	the	the	DET
cblr-1216	431	45	unique	unique	ADJ
cblr-1216	431	46	realities	reality	NOUN
cblr-1216	431	47	of	of	ADP
cblr-1216	431	48	the	the	DET
cblr-1216	431	49	private	private	ADJ
cblr-1216	431	50	equity	equity	NOUN
cblr-1216	431	51	industry	industry	NOUN
cblr-1216	431	52	.	.	PUNCT
cblr-1216	432	1	iii	iii	X
cblr-1216	432	2	.	.	PUNCT
cblr-1216	433	1	the	the	DET
cblr-1216	433	2	fiduciary	fiduciary	ADJ
cblr-1216	433	3	protections	protection	NOUN
cblr-1216	433	4	in	in	ADP
cblr-1216	433	5	the	the	DET
cblr-1216	433	6	investment	investment	NOUN
cblr-1216	433	7	advisers	adviser	NOUN
cblr-1216	433	8	act	act	VERB
cblr-1216	433	9	as	as	SCONJ
cblr-1216	433	10	applied	apply	VERB
cblr-1216	433	11	to	to	ADP
cblr-1216	433	12	private	private	ADJ
cblr-1216	433	13	equity	equity	NOUN
cblr-1216	433	14	sponsors	sponsor	NOUN
cblr-1216	433	15	should	should	AUX
cblr-1216	433	16	be	be	AUX
cblr-1216	433	17	modified	modify	VERB
cblr-1216	433	18	to	to	PART
cblr-1216	433	19	reflect	reflect	VERB
cblr-1216	433	20	the	the	DET
cblr-1216	433	21	delaware	delaware	PROPN
cblr-1216	433	22	contractarian	contractarian	PROPN
cblr-1216	433	23	approach	approach	PROPN
cblr-1216	433	24	a.	a.	PROPN
cblr-1216	433	25	delaware	delaware	PROPN
cblr-1216	433	26	’s	’s	PART
cblr-1216	433	27	approach	approach	NOUN
cblr-1216	433	28	is	be	AUX
cblr-1216	433	29	more	more	ADV
cblr-1216	433	30	favorable	favorable	ADJ
cblr-1216	433	31	there	there	PRON
cblr-1216	433	32	are	be	VERB
cblr-1216	433	33	many	many	ADJ
cblr-1216	433	34	reasons	reason	NOUN
cblr-1216	433	35	to	to	PART
cblr-1216	433	36	favor	favor	VERB
cblr-1216	433	37	delaware	delaware	PROPN
cblr-1216	433	38	’s	’s	PART
cblr-1216	433	39	contractarian	contractarian	ADJ
cblr-1216	433	40	approach	approach	NOUN
cblr-1216	433	41	over	over	ADP
cblr-1216	433	42	the	the	DET
cblr-1216	433	43	mandatory	mandatory	ADJ
cblr-1216	433	44	and	and	CCONJ
cblr-1216	433	45	non	non	ADJ
cblr-1216	433	46	-	-	ADJ
cblr-1216	433	47	modifiable	modifiable	ADJ
cblr-1216	433	48	fiduciary	fiduciary	ADJ
cblr-1216	433	49	duties	duty	NOUN
cblr-1216	433	50	owed	owe	VERB
cblr-1216	433	51	under	under	ADP
cblr-1216	433	52	the	the	DET
cblr-1216	433	53	iaa	iaa	NOUN
cblr-1216	433	54	.	.	PUNCT
cblr-1216	434	1	a	a	DET
cblr-1216	434	2	long	long	ADJ
cblr-1216	434	3	-	-	PUNCT
cblr-1216	434	4	time	time	NOUN
cblr-1216	434	5	advocate	advocate	NOUN
cblr-1216	434	6	for	for	ADP
cblr-1216	434	7	delaware	delaware	PROPN
cblr-1216	434	8	’s	’s	PART
cblr-1216	434	9	so	so	ADV
cblr-1216	434	10	-	-	PUNCT
cblr-1216	434	11	called	call	VERB
cblr-1216	434	12	contractarian	contractarian	ADJ
cblr-1216	434	13	approach	approach	NOUN
cblr-1216	434	14	in	in	ADP
cblr-1216	434	15	both	both	CCONJ
cblr-1216	434	16	the	the	DET
cblr-1216	434	17	corporate	corporate	ADJ
cblr-1216	434	18	and	and	CCONJ
cblr-1216	434	19	alternative	alternative	ADJ
cblr-1216	434	20	entity	entity	NOUN
cblr-1216	434	21	context	context	NOUN
cblr-1216	434	22	was	be	AUX
cblr-1216	434	23	professor	professor	NOUN
cblr-1216	434	24	larry	larry	PROPN
cblr-1216	434	25	ribstein.121	ribstein.121	PROPN
cblr-1216	434	26	ribstein	ribstein	ADV
cblr-1216	434	27	remarked	remark	VERB
cblr-1216	434	28	that	that	SCONJ
cblr-1216	434	29	“	"	PUNCT
cblr-1216	434	30	[	[	X
cblr-1216	434	31	f]iduciary	f]iduciary	ADJ
cblr-1216	434	32	duties	duty	NOUN
cblr-1216	434	33	should	should	AUX
cblr-1216	434	34	be	be	AUX
cblr-1216	434	35	broadly	broadly	ADV
cblr-1216	434	36	waivable	waivable	ADJ
cblr-1216	434	37	in	in	ADP
cblr-1216	434	38	partnerships	partnership	NOUN
cblr-1216	434	39	and	and	CCONJ
cblr-1216	434	40	other	other	ADJ
cblr-1216	434	41	unincorporated	unincorporated	ADJ
cblr-1216	434	42	firms	firm	NOUN
cblr-1216	434	43	.	.	PUNCT
cblr-1216	435	1	because	because	SCONJ
cblr-1216	435	2	the	the	DET
cblr-1216	435	3	costs	cost	NOUN
cblr-1216	435	4	and	and	CCONJ
cblr-1216	435	5	benefits	benefit	NOUN
cblr-1216	435	6	of	of	ADP
cblr-1216	435	7	fiduciary	fiduciary	ADJ
cblr-1216	435	8	duties	duty	NOUN
cblr-1216	435	9	vary	vary	VERB
cblr-1216	435	10	ch	ch	NOUN
cblr-1216	435	11	.	.	PROPN
cblr-1216	435	12	2012	2012	NUM
cblr-1216	435	13	)	)	PUNCT
cblr-1216	435	14	,	,	PUNCT
cblr-1216	435	15	aff’d	aff’d	VERB
cblr-1216	435	16	in	in	ADP
cblr-1216	435	17	part	part	NOUN
cblr-1216	435	18	,	,	PUNCT
cblr-1216	435	19	rev’d	rev’d	NOUN
cblr-1216	435	20	in	in	ADP
cblr-1216	435	21	part	part	NOUN
cblr-1216	435	22	on	on	ADP
cblr-1216	435	23	other	other	ADJ
cblr-1216	435	24	grounds	ground	NOUN
cblr-1216	435	25	,	,	PUNCT
cblr-1216	435	26	68	68	NUM
cblr-1216	435	27	a.3d	a.3d	SYM
cblr-1216	435	28	665	665	NUM
cblr-1216	435	29	(	(	PUNCT
cblr-1216	435	30	del	del	PROPN
cblr-1216	435	31	.	.	PROPN
cblr-1216	435	32	2013	2013	NUM
cblr-1216	435	33	)	)	PUNCT
cblr-1216	435	34	.	.	PUNCT
cblr-1216	436	1	120	120	NUM
cblr-1216	436	2	there	there	PRON
cblr-1216	436	3	is	be	VERB
cblr-1216	436	4	still	still	ADV
cblr-1216	436	5	some	some	DET
cblr-1216	436	6	debate	debate	NOUN
cblr-1216	436	7	as	as	ADP
cblr-1216	436	8	to	to	ADP
cblr-1216	436	9	whether	whether	SCONJ
cblr-1216	436	10	default	default	NOUN
cblr-1216	436	11	duties	duty	NOUN
cblr-1216	436	12	exist	exist	VERB
cblr-1216	436	13	in	in	ADP
cblr-1216	436	14	limited	limited	ADJ
cblr-1216	436	15	partnerships	partnership	NOUN
cblr-1216	436	16	,	,	PUNCT
cblr-1216	436	17	though	though	SCONJ
cblr-1216	436	18	the	the	DET
cblr-1216	436	19	chancery	chancery	NOUN
cblr-1216	436	20	has	have	AUX
cblr-1216	436	21	held	hold	VERB
cblr-1216	436	22	numerous	numerous	ADJ
cblr-1216	436	23	times	time	NOUN
cblr-1216	436	24	that	that	SCONJ
cblr-1216	436	25	default	default	NOUN
cblr-1216	436	26	duties	duty	NOUN
cblr-1216	436	27	apply	apply	VERB
cblr-1216	436	28	.	.	PUNCT
cblr-1216	437	1	for	for	ADP
cblr-1216	437	2	a	a	DET
cblr-1216	437	3	discussion	discussion	NOUN
cblr-1216	437	4	of	of	ADP
cblr-1216	437	5	this	this	DET
cblr-1216	437	6	topic	topic	NOUN
cblr-1216	437	7	,	,	PUNCT
cblr-1216	437	8	see	see	VERB
cblr-1216	437	9	michael	michael	PROPN
cblr-1216	437	10	despres	despre	NOUN
cblr-1216	437	11	,	,	PUNCT
cblr-1216	437	12	alternative	alternative	ADJ
cblr-1216	437	13	entities	entity	NOUN
cblr-1216	437	14	and	and	CCONJ
cblr-1216	437	15	fiduciary	fiduciary	ADJ
cblr-1216	437	16	duty	duty	NOUN
cblr-1216	437	17	waivers	waiver	NOUN
cblr-1216	437	18	in	in	ADP
cblr-1216	437	19	delaware	delaware	PROPN
cblr-1216	437	20	,	,	PUNCT
cblr-1216	437	21	2015	2015	NUM
cblr-1216	437	22	byu	byu	PROPN
cblr-1216	437	23	l.	l.	PROPN
cblr-1216	437	24	rev	rev	PROPN
cblr-1216	437	25	.	.	PROPN
cblr-1216	437	26	1347	1347	NUM
cblr-1216	437	27	,	,	PUNCT
cblr-1216	437	28	1354–57	1354–57	NUM
cblr-1216	437	29	(	(	PUNCT
cblr-1216	437	30	2015	2015	NUM
cblr-1216	437	31	)	)	PUNCT
cblr-1216	437	32	.	.	PUNCT
cblr-1216	438	1	121	121	NUM
cblr-1216	438	2	professor	professor	NOUN
cblr-1216	438	3	ribstein	ribstein	NOUN
cblr-1216	438	4	coined	coin	VERB
cblr-1216	438	5	the	the	DET
cblr-1216	438	6	phrase	phrase	NOUN
cblr-1216	438	7	“	"	PUNCT
cblr-1216	438	8	uncorporation	uncorporation	NOUN
cblr-1216	438	9	”	"	PUNCT
cblr-1216	438	10	to	to	PART
cblr-1216	438	11	refer	refer	VERB
cblr-1216	438	12	to	to	ADP
cblr-1216	438	13	limited	limited	ADJ
cblr-1216	438	14	partnerships	partnership	NOUN
cblr-1216	438	15	and	and	CCONJ
cblr-1216	438	16	llcs	llcs	NOUN
cblr-1216	438	17	.	.	PUNCT
cblr-1216	439	1	see	see	VERB
cblr-1216	439	2	larry	larry	PROPN
cblr-1216	439	3	e.	e.	PROPN
cblr-1216	439	4	ribstein	ribstein	PROPN
cblr-1216	439	5	,	,	PUNCT
cblr-1216	439	6	the	the	DET
cblr-1216	439	7	uncorporation	uncorporation	NOUN
cblr-1216	439	8	and	and	CCONJ
cblr-1216	439	9	corporate	corporate	ADJ
cblr-1216	439	10	indeterminacy	indeterminacy	NOUN
cblr-1216	439	11	,	,	PUNCT
cblr-1216	439	12	2009	2009	NUM
cblr-1216	439	13	u.	u.	PROPN
cblr-1216	439	14	ill	ill	PROPN
cblr-1216	439	15	.	.	PUNCT
cblr-1216	440	1	l.	l.	PROPN
cblr-1216	440	2	rev	rev	PROPN
cblr-1216	440	3	.	.	PROPN
cblr-1216	441	1	131	131	NUM
cblr-1216	441	2	(	(	PUNCT
cblr-1216	441	3	2009	2009	NUM
cblr-1216	441	4	)	)	PUNCT
cblr-1216	441	5	.	.	PUNCT
cblr-1216	442	1	debates	debate	NOUN
cblr-1216	442	2	have	have	AUX
cblr-1216	442	3	persisted	persist	VERB
cblr-1216	442	4	about	about	ADP
cblr-1216	442	5	the	the	DET
cblr-1216	442	6	modification	modification	NOUN
cblr-1216	442	7	and	and	CCONJ
cblr-1216	442	8	waiver	waiver	NOUN
cblr-1216	442	9	of	of	ADP
cblr-1216	442	10	fiduciary	fiduciary	ADJ
cblr-1216	442	11	duties	duty	NOUN
cblr-1216	442	12	both	both	CCONJ
cblr-1216	442	13	in	in	ADP
cblr-1216	442	14	the	the	DET
cblr-1216	442	15	corporate	corporate	ADJ
cblr-1216	442	16	and	and	CCONJ
cblr-1216	442	17	“	"	PUNCT
cblr-1216	442	18	uncorporate	uncorporate	ADJ
cblr-1216	442	19	”	"	PUNCT
cblr-1216	442	20	context	context	NOUN
cblr-1216	442	21	.	.	PUNCT
cblr-1216	443	1	for	for	ADP
cblr-1216	443	2	obvious	obvious	ADJ
cblr-1216	443	3	reasons	reason	NOUN
cblr-1216	443	4	,	,	PUNCT
cblr-1216	443	5	fiduciary	fiduciary	ADJ
cblr-1216	443	6	duties	duty	NOUN
cblr-1216	443	7	in	in	ADP
cblr-1216	443	8	corporations	corporation	NOUN
cblr-1216	443	9	will	will	AUX
cblr-1216	443	10	not	not	PART
cblr-1216	443	11	be	be	AUX
cblr-1216	443	12	discussed	discuss	VERB
cblr-1216	443	13	here	here	ADV
cblr-1216	443	14	.	.	PUNCT
cblr-1216	444	1	nadler_final	nadler_final	ADJ
cblr-1216	444	2	no	no	INTJ
cblr-1216	444	3	.	.	PUNCT
cblr-1216	445	1	1:254	1:254	NUM
cblr-1216	445	2	]	]	X
cblr-1216	445	3	federal	federal	ADJ
cblr-1216	445	4	fiduciary	fiduciary	ADJ
cblr-1216	445	5	duties	duty	NOUN
cblr-1216	445	6	and	and	CCONJ
cblr-1216	445	7	private	private	ADJ
cblr-1216	445	8	equity	equity	NOUN
cblr-1216	445	9	281	281	NUM
cblr-1216	445	10	from	from	ADP
cblr-1216	445	11	firm	firm	ADJ
cblr-1216	445	12	to	to	AUX
cblr-1216	445	13	firm	firm	VERB
cblr-1216	446	1	,	,	PUNCT
cblr-1216	446	2	these	these	DET
cblr-1216	446	3	duties	duty	NOUN
cblr-1216	446	4	must	must	AUX
cblr-1216	446	5	be	be	AUX
cblr-1216	446	6	varied	varied	ADJ
cblr-1216	446	7	to	to	PART
cblr-1216	446	8	suit	suit	VERB
cblr-1216	446	9	the	the	DET
cblr-1216	446	10	particular	particular	ADJ
cblr-1216	446	11	relationship	relationship	NOUN
cblr-1216	446	12	.	.	PUNCT
cblr-1216	447	1	”122	”122	NOUN
cblr-1216	447	2	consistent	consistent	ADJ
cblr-1216	447	3	with	with	ADP
cblr-1216	447	4	delaware	delaware	PROPN
cblr-1216	447	5	’s	’s	PART
cblr-1216	447	6	current	current	ADJ
cblr-1216	447	7	approach	approach	NOUN
cblr-1216	447	8	,	,	PUNCT
cblr-1216	447	9	ribstein	ribstein	PROPN
cblr-1216	447	10	advocated	advocate	VERB
cblr-1216	447	11	that	that	SCONJ
cblr-1216	447	12	parties	party	NOUN
cblr-1216	447	13	should	should	AUX
cblr-1216	447	14	be	be	AUX
cblr-1216	447	15	able	able	ADJ
cblr-1216	447	16	to	to	PART
cblr-1216	447	17	alter	alter	VERB
cblr-1216	447	18	fiduciary	fiduciary	ADJ
cblr-1216	447	19	duties	duty	NOUN
cblr-1216	447	20	in	in	ADP
cblr-1216	447	21	their	their	PRON
cblr-1216	447	22	agreements	agreement	NOUN
cblr-1216	447	23	as	as	ADV
cblr-1216	447	24	long	long	ADV
cblr-1216	447	25	as	as	SCONJ
cblr-1216	447	26	they	they	PRON
cblr-1216	447	27	are	be	AUX
cblr-1216	447	28	held	hold	VERB
cblr-1216	447	29	to	to	ADP
cblr-1216	447	30	“	"	PUNCT
cblr-1216	447	31	good	good	ADJ
cblr-1216	447	32	faith	faith	NOUN
cblr-1216	447	33	compliance	compliance	NOUN
cblr-1216	447	34	with	with	ADP
cblr-1216	447	35	their	their	PRON
cblr-1216	447	36	contracts	contract	NOUN
cblr-1216	447	37	.	.	PUNCT
cblr-1216	447	38	”123	”123	NOUN
cblr-1216	447	39	not	not	PART
cblr-1216	447	40	only	only	ADV
cblr-1216	447	41	is	be	AUX
cblr-1216	447	42	it	it	PRON
cblr-1216	447	43	advantageous	advantageous	ADJ
cblr-1216	447	44	to	to	PART
cblr-1216	447	45	tailor	tailor	VERB
cblr-1216	447	46	the	the	DET
cblr-1216	447	47	duties	duty	NOUN
cblr-1216	447	48	in	in	ADP
cblr-1216	447	49	a	a	DET
cblr-1216	447	50	particular	particular	ADJ
cblr-1216	447	51	entity	entity	NOUN
cblr-1216	447	52	to	to	ADP
cblr-1216	447	53	the	the	DET
cblr-1216	447	54	expectations	expectation	NOUN
cblr-1216	447	55	and	and	CCONJ
cblr-1216	447	56	needs	need	NOUN
cblr-1216	447	57	of	of	ADP
cblr-1216	447	58	the	the	DET
cblr-1216	447	59	parties	party	NOUN
cblr-1216	447	60	,	,	PUNCT
cblr-1216	447	61	but	but	CCONJ
cblr-1216	447	62	a	a	DET
cblr-1216	447	63	strict	strict	ADJ
cblr-1216	447	64	application	application	NOUN
cblr-1216	447	65	of	of	ADP
cblr-1216	447	66	fiduciary	fiduciary	ADJ
cblr-1216	447	67	duties	duty	NOUN
cblr-1216	447	68	to	to	ADP
cblr-1216	447	69	alternative	alternative	ADJ
cblr-1216	447	70	entities	entity	NOUN
cblr-1216	447	71	like	like	ADP
cblr-1216	447	72	limited	limited	ADJ
cblr-1216	447	73	partnerships	partnership	NOUN
cblr-1216	447	74	leaves	leave	VERB
cblr-1216	447	75	much	much	ADJ
cblr-1216	447	76	to	to	PART
cblr-1216	447	77	be	be	AUX
cblr-1216	447	78	desired	desire	VERB
cblr-1216	447	79	from	from	ADP
cblr-1216	447	80	a	a	DET
cblr-1216	447	81	stability	stability	NOUN
cblr-1216	447	82	and	and	CCONJ
cblr-1216	447	83	predictability	predictability	NOUN
cblr-1216	447	84	perspective	perspective	NOUN
cblr-1216	447	85	.	.	PUNCT
cblr-1216	448	1	one	one	NUM
cblr-1216	448	2	author	author	NOUN
cblr-1216	448	3	notes	note	VERB
cblr-1216	448	4	that	that	SCONJ
cblr-1216	448	5	the	the	DET
cblr-1216	448	6	“	"	PUNCT
cblr-1216	448	7	unpredictability	unpredictability	NOUN
cblr-1216	448	8	resulting	result	VERB
cblr-1216	448	9	from	from	ADP
cblr-1216	448	10	the	the	DET
cblr-1216	448	11	potential	potential	ADJ
cblr-1216	448	12	application	application	NOUN
cblr-1216	448	13	of	of	ADP
cblr-1216	448	14	traditional	traditional	ADJ
cblr-1216	448	15	‘	'	PUNCT
cblr-1216	448	16	corporate	corporate	ADJ
cblr-1216	448	17	’	'	PUNCT
cblr-1216	448	18	fiduciary	fiduciary	ADJ
cblr-1216	448	19	duties	duty	NOUN
cblr-1216	448	20	to	to	ADP
cblr-1216	448	21	an	an	DET
cblr-1216	448	22	llc	llc	NOUN
cblr-1216	448	23	agreement	agreement	NOUN
cblr-1216	448	24	may	may	AUX
cblr-1216	448	25	add	add	VERB
cblr-1216	448	26	costs	cost	NOUN
cblr-1216	448	27	and	and	CCONJ
cblr-1216	448	28	inefficiencies	inefficiency	NOUN
cblr-1216	448	29	.	.	PUNCT
cblr-1216	448	30	.	.	PUNCT
cblr-1216	448	31	.	.	PUNCT
cblr-1216	448	32	.	.	PUNCT
cblr-1216	449	1	legal	legal	ADJ
cblr-1216	449	2	uncertainty	uncertainty	NOUN
cblr-1216	449	3	complicates	complicate	VERB
cblr-1216	449	4	business	business	NOUN
cblr-1216	449	5	planning	planning	NOUN
cblr-1216	449	6	,	,	PUNCT
cblr-1216	449	7	promotes	promote	VERB
cblr-1216	449	8	costly	costly	ADJ
cblr-1216	449	9	litigation	litigation	NOUN
cblr-1216	449	10	,	,	PUNCT
cblr-1216	449	11	and	and	CCONJ
cblr-1216	449	12	unduly	unduly	ADV
cblr-1216	449	13	impedes	impede	VERB
cblr-1216	449	14	managerial	managerial	ADJ
cblr-1216	449	15	discretion	discretion	NOUN
cblr-1216	449	16	.	.	PUNCT
cblr-1216	450	1	”124	”124	PUNCT
cblr-1216	450	2	the	the	DET
cblr-1216	450	3	considerations	consideration	NOUN
cblr-1216	450	4	favoring	favor	VERB
cblr-1216	450	5	a	a	DET
cblr-1216	450	6	contractarian	contractarian	ADJ
cblr-1216	450	7	approach	approach	NOUN
cblr-1216	450	8	apply	apply	VERB
cblr-1216	450	9	even	even	ADV
cblr-1216	450	10	more	more	ADV
cblr-1216	450	11	so	so	ADV
cblr-1216	450	12	in	in	ADP
cblr-1216	450	13	a	a	DET
cblr-1216	450	14	private	private	ADJ
cblr-1216	450	15	equity	equity	NOUN
cblr-1216	450	16	context	context	NOUN
cblr-1216	450	17	.	.	PUNCT
cblr-1216	451	1	a	a	DET
cblr-1216	451	2	contractarian	contractarian	ADJ
cblr-1216	451	3	approach	approach	NOUN
cblr-1216	451	4	enables	enable	VERB
cblr-1216	451	5	parties	party	NOUN
cblr-1216	451	6	to	to	PART
cblr-1216	451	7	align	align	VERB
cblr-1216	451	8	incentive	incentive	NOUN
cblr-1216	451	9	structures	structure	NOUN
cblr-1216	451	10	to	to	PART
cblr-1216	451	11	best	good	ADJ
cblr-1216	451	12	suit	suit	VERB
cblr-1216	451	13	their	their	PRON
cblr-1216	451	14	needs	need	NOUN
cblr-1216	451	15	.	.	PUNCT
cblr-1216	452	1	the	the	DET
cblr-1216	452	2	“	"	PUNCT
cblr-1216	452	3	one	one	NUM
cblr-1216	452	4	-	-	PUNCT
cblr-1216	452	5	size	size	NOUN
cblr-1216	452	6	-	-	PUNCT
cblr-1216	452	7	fits	fit	VERB
cblr-1216	452	8	-	-	PUNCT
cblr-1216	452	9	all	all	PRON
cblr-1216	452	10	”	"	PUNCT
cblr-1216	452	11	approach	approach	NOUN
cblr-1216	452	12	embodied	embody	VERB
cblr-1216	452	13	by	by	ADP
cblr-1216	452	14	the	the	DET
cblr-1216	452	15	sec	sec	PROPN
cblr-1216	452	16	’s	’s	PART
cblr-1216	452	17	enforcement	enforcement	NOUN
cblr-1216	452	18	of	of	ADP
cblr-1216	452	19	federal	federal	ADJ
cblr-1216	452	20	fiduciary	fiduciary	ADJ
cblr-1216	452	21	standards	standard	NOUN
cblr-1216	452	22	fails	fail	VERB
cblr-1216	452	23	to	to	PART
cblr-1216	452	24	take	take	VERB
cblr-1216	452	25	into	into	ADP
cblr-1216	452	26	account	account	NOUN
cblr-1216	452	27	the	the	DET
cblr-1216	452	28	intricate	intricate	ADJ
cblr-1216	452	29	and	and	CCONJ
cblr-1216	452	30	heavily	heavily	ADV
cblr-1216	452	31	negotiated	negotiate	VERB
cblr-1216	452	32	legal	legal	ADJ
cblr-1216	452	33	relationships	relationship	NOUN
cblr-1216	452	34	found	find	VERB
cblr-1216	452	35	in	in	ADP
cblr-1216	452	36	lpas	lpas	NOUN
cblr-1216	452	37	.	.	PUNCT
cblr-1216	453	1	furthermore	furthermore	ADV
cblr-1216	453	2	,	,	PUNCT
cblr-1216	453	3	a	a	DET
cblr-1216	453	4	contractarian	contractarian	ADJ
cblr-1216	453	5	approach	approach	NOUN
cblr-1216	453	6	allows	allow	VERB
cblr-1216	453	7	general	general	ADJ
cblr-1216	453	8	partners	partner	NOUN
cblr-1216	453	9	(	(	PUNCT
cblr-1216	453	10	here	here	ADV
cblr-1216	453	11	,	,	PUNCT
cblr-1216	453	12	the	the	DET
cblr-1216	453	13	firms	firm	NOUN
cblr-1216	453	14	themselves	themselves	PRON
cblr-1216	453	15	or	or	CCONJ
cblr-1216	453	16	their	their	PRON
cblr-1216	453	17	affiliates	affiliate	NOUN
cblr-1216	453	18	)	)	PUNCT
cblr-1216	453	19	to	to	PART
cblr-1216	453	20	structure	structure	VERB
cblr-1216	453	21	their	their	PRON
cblr-1216	453	22	conduct	conduct	NOUN
cblr-1216	453	23	in	in	ADP
cblr-1216	453	24	a	a	DET
cblr-1216	453	25	way	way	NOUN
cblr-1216	453	26	that	that	PRON
cblr-1216	453	27	is	be	AUX
cblr-1216	453	28	within	within	ADP
cblr-1216	453	29	the	the	DET
cblr-1216	453	30	letter	letter	NOUN
cblr-1216	453	31	and	and	CCONJ
cblr-1216	453	32	the	the	DET
cblr-1216	453	33	spirit	spirit	NOUN
cblr-1216	453	34	of	of	ADP
cblr-1216	453	35	the	the	DET
cblr-1216	453	36	express	express	ADJ
cblr-1216	453	37	agreement	agreement	NOUN
cblr-1216	453	38	of	of	ADP
cblr-1216	453	39	the	the	DET
cblr-1216	453	40	parties	party	NOUN
cblr-1216	453	41	.	.	PUNCT
cblr-1216	454	1	this	this	DET
cblr-1216	454	2	setup	setup	NOUN
cblr-1216	454	3	would	would	AUX
cblr-1216	454	4	be	be	AUX
cblr-1216	454	5	simpler	simple	ADJ
cblr-1216	454	6	in	in	ADP
cblr-1216	454	7	an	an	DET
cblr-1216	454	8	alternative	alternative	ADJ
cblr-1216	454	9	regime	regime	NOUN
cblr-1216	454	10	because	because	SCONJ
cblr-1216	454	11	the	the	DET
cblr-1216	454	12	parties	party	NOUN
cblr-1216	454	13	themselves	themselves	PRON
cblr-1216	454	14	would	would	AUX
cblr-1216	454	15	define	define	VERB
cblr-1216	454	16	the	the	DET
cblr-1216	454	17	scope	scope	NOUN
cblr-1216	454	18	of	of	ADP
cblr-1216	454	19	their	their	PRON
cblr-1216	454	20	duties	duty	NOUN
cblr-1216	454	21	.	.	PUNCT
cblr-1216	455	1	122	122	NUM
cblr-1216	455	2	larry	larry	PROPN
cblr-1216	455	3	e.	e.	PROPN
cblr-1216	455	4	ribstein	ribstein	PROPN
cblr-1216	455	5	,	,	PUNCT
cblr-1216	455	6	fiduciary	fiduciary	ADJ
cblr-1216	455	7	duty	duty	NOUN
cblr-1216	455	8	contracts	contract	NOUN
cblr-1216	455	9	in	in	ADP
cblr-1216	455	10	unincorporated	unincorporated	ADJ
cblr-1216	455	11	firms	firm	NOUN
cblr-1216	455	12	,	,	PUNCT
cblr-1216	455	13	54	54	NUM
cblr-1216	455	14	wash	wash	NOUN
cblr-1216	455	15	.	.	PUNCT
cblr-1216	455	16	&	&	CCONJ
cblr-1216	455	17	lee	lee	PROPN
cblr-1216	455	18	l.	l.	PROPN
cblr-1216	455	19	rev	rev	PROPN
cblr-1216	455	20	.	.	PROPN
cblr-1216	455	21	537	537	NUM
cblr-1216	455	22	,	,	PUNCT
cblr-1216	455	23	594	594	NUM
cblr-1216	455	24	(	(	PUNCT
cblr-1216	455	25	1997	1997	NUM
cblr-1216	455	26	)	)	PUNCT
cblr-1216	455	27	.	.	PUNCT
cblr-1216	456	1	123	123	NUM
cblr-1216	457	1	i	i	PRON
cblr-1216	457	2	d.	d.	PROPN
cblr-1216	457	3	124	124	NUM
cblr-1216	457	4	paul	paul	PROPN
cblr-1216	457	5	m.	m.	PROPN
cblr-1216	457	6	altman	altman	PROPN
cblr-1216	457	7	,	,	PUNCT
cblr-1216	457	8	elisa	elisa	VERB
cblr-1216	457	9	erlenbach	erlenbach	PROPN
cblr-1216	457	10	maas	maas	PROPN
cblr-1216	457	11	&	&	CCONJ
cblr-1216	457	12	michael	michael	PROPN
cblr-1216	457	13	p.	p.	PROPN
cblr-1216	457	14	maxwell	maxwell	PROPN
cblr-1216	457	15	,	,	PUNCT
cblr-1216	457	16	eliminating	eliminate	VERB
cblr-1216	457	17	fiduciary	fiduciary	ADJ
cblr-1216	457	18	duty	duty	NOUN
cblr-1216	457	19	uncertainty	uncertainty	NOUN
cblr-1216	457	20	:	:	PUNCT
cblr-1216	457	21	the	the	DET
cblr-1216	457	22	benefits	benefit	NOUN
cblr-1216	457	23	of	of	ADP
cblr-1216	457	24	effectively	effectively	ADV
cblr-1216	457	25	modifying	modify	VERB
cblr-1216	457	26	fiduciary	fiduciary	ADJ
cblr-1216	457	27	duties	duty	NOUN
cblr-1216	457	28	in	in	ADP
cblr-1216	457	29	delaware	delaware	PROPN
cblr-1216	457	30	llc	llc	PROPN
cblr-1216	457	31	agreements	agreement	NOUN
cblr-1216	457	32	,	,	PUNCT
cblr-1216	457	33	am	be	AUX
cblr-1216	457	34	.	.	PUNCT
cblr-1216	458	1	bar	bar	NOUN
cblr-1216	458	2	ass’n	ass’n	NOUN
cblr-1216	458	3	:	:	PUNCT
cblr-1216	458	4	bus	bus	NOUN
cblr-1216	458	5	.	.	PUNCT
cblr-1216	459	1	law	law	NOUN
cblr-1216	459	2	today	today	NOUN
cblr-1216	459	3	(	(	PUNCT
cblr-1216	459	4	feb	feb	PROPN
cblr-1216	459	5	.	.	PROPN
cblr-1216	459	6	2013	2013	NUM
cblr-1216	459	7	)	)	PUNCT
cblr-1216	459	8	,	,	PUNCT
cblr-1216	459	9	https://www.americanbar.org/publications/blt/2013/02/05_altman.html	https://www.americanbar.org/publications/blt/2013/02/05_altman.html	PROPN
cblr-1216	459	10	[	[	X
cblr-1216	459	11	perma.cc/a476-lzf4	perma.cc/a476-lzf4	X
cblr-1216	459	12	]	]	X
cblr-1216	459	13	.	.	PUNCT
cblr-1216	460	1	nadler_final	nadler_final	PROPN
cblr-1216	460	2	282	282	NUM
cblr-1216	460	3	columbia	columbia	PROPN
cblr-1216	460	4	business	business	NOUN
cblr-1216	460	5	law	law	PROPN
cblr-1216	460	6	review	review	NOUN
cblr-1216	460	7	[	[	X
cblr-1216	460	8	vol	vol	NOUN
cblr-1216	460	9	.	.	PUNCT
cblr-1216	460	10	2018	2018	NUM
cblr-1216	460	11	b.	b.	PROPN
cblr-1216	460	12	incentive	incentive	PROPN
cblr-1216	460	13	structures	structure	NOUN
cblr-1216	460	14	in	in	ADP
cblr-1216	460	15	private	private	ADJ
cblr-1216	460	16	equity	equity	NOUN
cblr-1216	460	17	a	a	DET
cblr-1216	460	18	few	few	ADJ
cblr-1216	460	19	basic	basic	ADJ
cblr-1216	460	20	reasons	reason	NOUN
cblr-1216	460	21	exist	exist	VERB
cblr-1216	460	22	for	for	ADP
cblr-1216	460	23	fiduciary	fiduciary	ADJ
cblr-1216	460	24	duties	duty	NOUN
cblr-1216	460	25	in	in	ADP
cblr-1216	460	26	a	a	DET
cblr-1216	460	27	private	private	ADJ
cblr-1216	460	28	equity	equity	NOUN
cblr-1216	460	29	structure	structure	NOUN
cblr-1216	460	30	to	to	PART
cblr-1216	460	31	be	be	AUX
cblr-1216	460	32	modifiable	modifiable	ADJ
cblr-1216	460	33	by	by	ADP
cblr-1216	460	34	the	the	DET
cblr-1216	460	35	parties	party	NOUN
cblr-1216	460	36	.	.	PUNCT
cblr-1216	461	1	for	for	ADP
cblr-1216	461	2	example	example	NOUN
cblr-1216	461	3	,	,	PUNCT
cblr-1216	461	4	private	private	ADJ
cblr-1216	461	5	equity	equity	NOUN
cblr-1216	461	6	funds	fund	NOUN
cblr-1216	461	7	are	be	AUX
cblr-1216	461	8	frequently	frequently	ADV
cblr-1216	461	9	managed	manage	VERB
cblr-1216	461	10	by	by	ADP
cblr-1216	461	11	managers	manager	NOUN
cblr-1216	461	12	who	who	PRON
cblr-1216	461	13	oversee	oversee	VERB
cblr-1216	461	14	more	more	ADJ
cblr-1216	461	15	than	than	ADP
cblr-1216	461	16	one	one	NUM
cblr-1216	461	17	fund	fund	NOUN
cblr-1216	461	18	;	;	PUNCT
cblr-1216	461	19	thus	thus	ADV
cblr-1216	461	20	,	,	PUNCT
cblr-1216	461	21	a	a	DET
cblr-1216	461	22	manager	manager	NOUN
cblr-1216	461	23	who	who	PRON
cblr-1216	461	24	is	be	AUX
cblr-1216	461	25	unable	unable	ADJ
cblr-1216	461	26	to	to	PART
cblr-1216	461	27	obtain	obtain	VERB
cblr-1216	461	28	a	a	DET
cblr-1216	461	29	modification	modification	NOUN
cblr-1216	461	30	of	of	ADP
cblr-1216	461	31	their	their	PRON
cblr-1216	461	32	fiduciary	fiduciary	ADJ
cblr-1216	461	33	duties	duty	NOUN
cblr-1216	461	34	could	could	AUX
cblr-1216	461	35	be	be	AUX
cblr-1216	461	36	potentially	potentially	ADV
cblr-1216	461	37	liable	liable	ADJ
cblr-1216	461	38	for	for	ADP
cblr-1216	461	39	breach	breach	NOUN
cblr-1216	461	40	of	of	ADP
cblr-1216	461	41	the	the	DET
cblr-1216	461	42	duty	duty	NOUN
cblr-1216	461	43	of	of	ADP
cblr-1216	461	44	loyalty.125	loyalty.125	NOUN
cblr-1216	461	45	the	the	DET
cblr-1216	461	46	sec	sec	PROPN
cblr-1216	461	47	orders	order	NOUN
cblr-1216	461	48	themselves	themselves	PRON
cblr-1216	461	49	,	,	PUNCT
cblr-1216	461	50	as	as	ADV
cblr-1216	461	51	well	well	ADV
cblr-1216	461	52	as	as	ADP
cblr-1216	461	53	third	third	ADJ
cblr-1216	461	54	party	party	NOUN
cblr-1216	461	55	commentators	commentator	NOUN
cblr-1216	461	56	,	,	PUNCT
cblr-1216	461	57	note	note	VERB
cblr-1216	461	58	that	that	SCONJ
cblr-1216	461	59	in	in	ADP
cblr-1216	461	60	enforcing	enforce	VERB
cblr-1216	461	61	section	section	NOUN
cblr-1216	461	62	206	206	NUM
cblr-1216	461	63	,	,	PUNCT
cblr-1216	461	64	the	the	DET
cblr-1216	461	65	sec	sec	PROPN
cblr-1216	461	66	focuses	focus	VERB
cblr-1216	461	67	on	on	ADP
cblr-1216	461	68	conflicts	conflict	NOUN
cblr-1216	461	69	of	of	ADP
cblr-1216	461	70	interest	interest	NOUN
cblr-1216	461	71	.	.	PUNCT
cblr-1216	462	1	it	it	PRON
cblr-1216	462	2	is	be	AUX
cblr-1216	462	3	consequently	consequently	ADV
cblr-1216	462	4	within	within	ADP
cblr-1216	462	5	the	the	DET
cblr-1216	462	6	realm	realm	NOUN
cblr-1216	462	7	of	of	ADP
cblr-1216	462	8	possibility	possibility	NOUN
cblr-1216	462	9	that	that	SCONJ
cblr-1216	462	10	simply	simply	ADV
cblr-1216	462	11	managing	manage	VERB
cblr-1216	462	12	two	two	NUM
cblr-1216	462	13	funds	fund	NOUN
cblr-1216	462	14	could	could	AUX
cblr-1216	462	15	expose	expose	VERB
cblr-1216	462	16	an	an	DET
cblr-1216	462	17	adviser	adviser	NOUN
cblr-1216	462	18	to	to	ADP
cblr-1216	462	19	liability	liability	NOUN
cblr-1216	462	20	under	under	ADP
cblr-1216	462	21	the	the	DET
cblr-1216	462	22	iaa.126	iaa.126	NOUN
cblr-1216	462	23	second	second	ADJ
cblr-1216	462	24	is	be	AUX
cblr-1216	462	25	the	the	DET
cblr-1216	462	26	basic	basic	ADJ
cblr-1216	462	27	concern	concern	NOUN
cblr-1216	462	28	about	about	ADP
cblr-1216	462	29	legal	legal	ADJ
cblr-1216	462	30	liability	liability	NOUN
cblr-1216	462	31	for	for	ADP
cblr-1216	462	32	actions	action	NOUN
cblr-1216	462	33	taken	take	VERB
cblr-1216	462	34	by	by	ADP
cblr-1216	462	35	the	the	DET
cblr-1216	462	36	adviser	adviser	NOUN
cblr-1216	462	37	as	as	ADP
cblr-1216	462	38	an	an	DET
cblr-1216	462	39	impediment	impediment	NOUN
cblr-1216	462	40	to	to	ADP
cblr-1216	462	41	mutually	mutually	ADV
cblr-1216	462	42	desirable	desirable	ADJ
cblr-1216	462	43	business	business	NOUN
cblr-1216	462	44	decisions	decision	NOUN
cblr-1216	462	45	.	.	PUNCT
cblr-1216	463	1	this	this	DET
cblr-1216	463	2	same	same	ADJ
cblr-1216	463	3	rationale	rationale	NOUN
cblr-1216	463	4	is	be	AUX
cblr-1216	463	5	reflected	reflect	VERB
cblr-1216	463	6	in	in	ADP
cblr-1216	463	7	the	the	DET
cblr-1216	463	8	delaware	delaware	PROPN
cblr-1216	463	9	general	general	PROPN
cblr-1216	463	10	corporate	corporate	ADJ
cblr-1216	463	11	law	law	NOUN
cblr-1216	463	12	(	(	PUNCT
cblr-1216	463	13	“	"	PUNCT
cblr-1216	463	14	dgcl	dgcl	PROPN
cblr-1216	463	15	”	"	PUNCT
cblr-1216	463	16	)	)	PUNCT
cblr-1216	463	17	.	.	PUNCT
cblr-1216	464	1	dgcl	dgcl	PROPN
cblr-1216	464	2	section	section	PROPN
cblr-1216	464	3	102(b)(7	102(b)(7	NUM
cblr-1216	464	4	)	)	PUNCT
cblr-1216	464	5	permits	permit	VERB
cblr-1216	464	6	a	a	DET
cblr-1216	464	7	corporation	corporation	NOUN
cblr-1216	464	8	to	to	PART
cblr-1216	464	9	waive	waive	VERB
cblr-1216	464	10	the	the	DET
cblr-1216	464	11	fiduciary	fiduciary	ADJ
cblr-1216	464	12	duty	duty	NOUN
cblr-1216	464	13	of	of	ADP
cblr-1216	464	14	care	care	NOUN
cblr-1216	464	15	for	for	ADP
cblr-1216	464	16	corporate	corporate	ADJ
cblr-1216	464	17	directors	director	NOUN
cblr-1216	464	18	and	and	CCONJ
cblr-1216	464	19	officers.127	officers.127	ADP
cblr-1216	464	20	one	one	NUM
cblr-1216	464	21	scholar	scholar	NOUN
cblr-1216	464	22	notes	note	VERB
cblr-1216	464	23	that	that	SCONJ
cblr-1216	464	24	this	this	DET
cblr-1216	464	25	provision	provision	NOUN
cblr-1216	464	26	“	"	PUNCT
cblr-1216	464	27	allows	allow	VERB
cblr-1216	464	28	the	the	DET
cblr-1216	464	29	marketplace	marketplace	NOUN
cblr-1216	464	30	—	—	PUNCT
cblr-1216	464	31	rather	rather	ADV
cblr-1216	464	32	than	than	ADP
cblr-1216	464	33	mandatory	mandatory	ADJ
cblr-1216	464	34	rules	rule	NOUN
cblr-1216	464	35	—	—	PUNCT
cblr-1216	464	36	to	to	PART
cblr-1216	464	37	determine	determine	VERB
cblr-1216	464	38	the	the	DET
cblr-1216	464	39	extent	extent	NOUN
cblr-1216	464	40	to	to	PART
cblr-1216	464	41	which	which	PRON
cblr-1216	464	42	corporate	corporate	ADJ
cblr-1216	464	43	directors	director	NOUN
cblr-1216	464	44	must	must	AUX
cblr-1216	464	45	take	take	VERB
cblr-1216	464	46	personal	personal	ADJ
cblr-1216	464	47	risks	risk	NOUN
cblr-1216	464	48	when	when	SCONJ
cblr-1216	464	49	they	they	PRON
cblr-1216	464	50	agree	agree	VERB
cblr-1216	464	51	to	to	PART
cblr-1216	464	52	make	make	VERB
cblr-1216	464	53	decisions	decision	NOUN
cblr-1216	464	54	on	on	ADP
cblr-1216	464	55	behalf	behalf	NOUN
cblr-1216	464	56	of	of	ADP
cblr-1216	464	57	corporations	corporation	NOUN
cblr-1216	464	58	and	and	CCONJ
cblr-1216	464	59	shareholders	shareholder	NOUN
cblr-1216	464	60	.	.	PUNCT
cblr-1216	464	61	”128	”128	PUNCT
cblr-1216	465	1	thus	thus	ADV
cblr-1216	465	2	,	,	PUNCT
cblr-1216	465	3	federal	federal	ADJ
cblr-1216	465	4	fiduciary	fiduciary	ADJ
cblr-1216	465	5	duties	duty	NOUN
cblr-1216	465	6	,	,	PUNCT
cblr-1216	465	7	like	like	ADP
cblr-1216	465	8	those	those	PRON
cblr-1216	465	9	imposed	impose	VERB
cblr-1216	465	10	through	through	ADP
cblr-1216	465	11	delaware	delaware	PROPN
cblr-1216	465	12	law	law	PROPN
cblr-1216	465	13	,	,	PUNCT
cblr-1216	465	14	can	can	AUX
cblr-1216	465	15	change	change	VERB
cblr-1216	465	16	the	the	DET
cblr-1216	465	17	incentives	incentive	NOUN
cblr-1216	465	18	to	to	PART
cblr-1216	465	19	act	act	VERB
cblr-1216	465	20	or	or	CCONJ
cblr-1216	465	21	embark	embark	VERB
cblr-1216	465	22	on	on	ADP
cblr-1216	465	23	certain	certain	ADJ
cblr-1216	465	24	business	business	NOUN
cblr-1216	465	25	endeavors	endeavor	NOUN
cblr-1216	465	26	that	that	SCONJ
cblr-1216	465	27	,	,	PUNCT
cblr-1216	465	28	ex	ex	X
cblr-1216	465	29	ante	ante	NOUN
cblr-1216	465	30	,	,	PUNCT
cblr-1216	465	31	both	both	PRON
cblr-1216	465	32	general	general	ADJ
cblr-1216	465	33	partners	partner	NOUN
cblr-1216	465	34	and	and	CCONJ
cblr-1216	465	35	limited	limited	ADJ
cblr-1216	465	36	partners	partner	NOUN
cblr-1216	465	37	want	want	VERB
cblr-1216	465	38	to	to	PART
cblr-1216	465	39	pursue	pursue	VERB
cblr-1216	465	40	.	.	PUNCT
cblr-1216	466	1	a	a	DET
cblr-1216	466	2	contractarian	contractarian	ADJ
cblr-1216	466	3	approach	approach	NOUN
cblr-1216	466	4	could	could	AUX
cblr-1216	466	5	better	well	ADV
cblr-1216	466	6	take	take	VERB
cblr-1216	466	7	into	into	ADP
cblr-1216	466	8	account	account	NOUN
cblr-1216	466	9	possible	possible	ADJ
cblr-1216	466	10	incentive	incentive	NOUN
cblr-1216	466	11	structures	structure	NOUN
cblr-1216	466	12	in	in	ADP
cblr-1216	466	13	private	private	ADJ
cblr-1216	466	14	equity	equity	NOUN
cblr-1216	466	15	arrangements	arrangement	NOUN
cblr-1216	466	16	.	.	PUNCT
cblr-1216	467	1	a	a	DET
cblr-1216	467	2	close	close	ADJ
cblr-1216	467	3	reading	reading	NOUN
cblr-1216	467	4	of	of	ADP
cblr-1216	467	5	the	the	DET
cblr-1216	467	6	kkr	kkr	PROPN
cblr-1216	467	7	order	order	NOUN
cblr-1216	467	8	demonstrates	demonstrate	VERB
cblr-1216	467	9	that	that	SCONJ
cblr-1216	467	10	the	the	DET
cblr-1216	467	11	sec	sec	PROPN
cblr-1216	467	12	may	may	AUX
cblr-1216	467	13	have	have	AUX
cblr-1216	467	14	erroneously	erroneously	ADV
cblr-1216	467	15	characterized	characterize	VERB
cblr-1216	467	16	kkr	kkr	PROPN
cblr-1216	467	17	’s	’s	PART
cblr-1216	467	18	intended	intend	VERB
cblr-1216	467	19	incentive	incentive	NOUN
cblr-1216	467	20	125	125	NUM
cblr-1216	467	21	sandra	sandra	PROPN
cblr-1216	467	22	k.	k.	PROPN
cblr-1216	467	23	miller	miller	PROPN
cblr-1216	467	24	,	,	PUNCT
cblr-1216	467	25	the	the	DET
cblr-1216	467	26	best	good	ADJ
cblr-1216	467	27	of	of	ADP
cblr-1216	467	28	both	both	DET
cblr-1216	467	29	worlds	world	NOUN
cblr-1216	467	30	:	:	PUNCT
cblr-1216	467	31	default	default	NOUN
cblr-1216	467	32	fiduciary	fiduciary	ADJ
cblr-1216	467	33	duties	duty	NOUN
cblr-1216	467	34	and	and	CCONJ
cblr-1216	467	35	contractual	contractual	ADJ
cblr-1216	467	36	freedom	freedom	NOUN
cblr-1216	467	37	in	in	ADP
cblr-1216	467	38	alternative	alternative	ADJ
cblr-1216	467	39	business	business	NOUN
cblr-1216	467	40	entities	entity	NOUN
cblr-1216	467	41	,	,	PUNCT
cblr-1216	467	42	39	39	NUM
cblr-1216	467	43	j.	j.	PROPN
cblr-1216	467	44	corp	corp	PROPN
cblr-1216	467	45	.	.	PROPN
cblr-1216	467	46	l.	l.	PROPN
cblr-1216	467	47	295	295	NUM
cblr-1216	467	48	,	,	PUNCT
cblr-1216	467	49	306	306	NUM
cblr-1216	467	50	(	(	PUNCT
cblr-1216	467	51	2014	2014	NUM
cblr-1216	467	52	)	)	PUNCT
cblr-1216	467	53	.	.	PUNCT
cblr-1216	468	1	126	126	NUM
cblr-1216	468	2	see	see	VERB
cblr-1216	468	3	platt	platt	NOUN
cblr-1216	468	4	,	,	PUNCT
cblr-1216	468	5	supra	supra	PROPN
cblr-1216	468	6	note	note	PROPN
cblr-1216	468	7	34	34	NUM
cblr-1216	468	8	,	,	PUNCT
cblr-1216	468	9	at	at	ADP
cblr-1216	468	10	26–27	26–27	PROPN
cblr-1216	468	11	.	.	PUNCT
cblr-1216	469	1	127	127	NUM
cblr-1216	469	2	see	see	PROPN
cblr-1216	469	3	del	del	PROPN
cblr-1216	469	4	.	.	PROPN
cblr-1216	469	5	code	code	PROPN
cblr-1216	469	6	.	.	PUNCT
cblr-1216	470	1	ann	ann	PROPN
cblr-1216	470	2	.	.	PUNCT
cblr-1216	471	1	tit	tit	PROPN
cblr-1216	471	2	.	.	PROPN
cblr-1216	472	1	8	8	NUM
cblr-1216	472	2	,	,	PUNCT
cblr-1216	472	3	§	§	PROPN
cblr-1216	472	4	102(b)(7	102(b)(7	NUM
cblr-1216	472	5	)	)	PUNCT
cblr-1216	472	6	(	(	PUNCT
cblr-1216	472	7	west	west	NOUN
cblr-1216	472	8	2017	2017	NUM
cblr-1216	472	9	)	)	PUNCT
cblr-1216	472	10	.	.	PUNCT
cblr-1216	473	1	128	128	NUM
cblr-1216	473	2	david	david	PROPN
cblr-1216	473	3	rosenberg	rosenberg	PROPN
cblr-1216	473	4	,	,	PUNCT
cblr-1216	473	5	making	make	VERB
cblr-1216	473	6	sense	sense	NOUN
cblr-1216	473	7	of	of	ADP
cblr-1216	473	8	good	good	ADJ
cblr-1216	473	9	faith	faith	NOUN
cblr-1216	473	10	in	in	ADP
cblr-1216	473	11	delaware	delaware	PROPN
cblr-1216	473	12	corporate	corporate	ADJ
cblr-1216	473	13	fiduciary	fiduciary	ADJ
cblr-1216	473	14	law	law	NOUN
cblr-1216	473	15	:	:	PUNCT
cblr-1216	473	16	a	a	DET
cblr-1216	473	17	contractarian	contractarian	ADJ
cblr-1216	473	18	approach	approach	NOUN
cblr-1216	473	19	,	,	PUNCT
cblr-1216	473	20	29	29	NUM
cblr-1216	473	21	del	del	PROPN
cblr-1216	473	22	.	.	PROPN
cblr-1216	473	23	j.	j.	PROPN
cblr-1216	473	24	corp	corp	PROPN
cblr-1216	473	25	.	.	PROPN
cblr-1216	473	26	l.	l.	PROPN
cblr-1216	473	27	491	491	NUM
cblr-1216	473	28	,	,	PUNCT
cblr-1216	473	29	507	507	NUM
cblr-1216	473	30	(	(	PUNCT
cblr-1216	473	31	2004	2004	NUM
cblr-1216	473	32	)	)	PUNCT
cblr-1216	473	33	.	.	PUNCT
cblr-1216	474	1	nadler_final	nadler_final	ADJ
cblr-1216	474	2	no	no	INTJ
cblr-1216	474	3	.	.	PUNCT
cblr-1216	475	1	1:254	1:254	NUM
cblr-1216	475	2	]	]	X
cblr-1216	475	3	federal	federal	ADJ
cblr-1216	475	4	fiduciary	fiduciary	ADJ
cblr-1216	475	5	duties	duty	NOUN
cblr-1216	475	6	and	and	CCONJ
cblr-1216	475	7	private	private	ADJ
cblr-1216	475	8	equity	equity	NOUN
cblr-1216	475	9	283	283	NUM
cblr-1216	475	10	structure	structure	NOUN
cblr-1216	475	11	as	as	ADP
cblr-1216	475	12	a	a	DET
cblr-1216	475	13	violation	violation	NOUN
cblr-1216	475	14	of	of	ADP
cblr-1216	475	15	fiduciary	fiduciary	ADJ
cblr-1216	475	16	duty	duty	NOUN
cblr-1216	475	17	.	.	PUNCT
cblr-1216	476	1	recall	recall	VERB
cblr-1216	476	2	that	that	SCONJ
cblr-1216	476	3	the	the	DET
cblr-1216	476	4	sec	sec	PROPN
cblr-1216	476	5	found	find	VERB
cblr-1216	476	6	that	that	SCONJ
cblr-1216	476	7	kkr	kkr	PROPN
cblr-1216	476	8	violated	violate	VERB
cblr-1216	476	9	its	its	PRON
cblr-1216	476	10	federal	federal	ADJ
cblr-1216	476	11	fiduciary	fiduciary	ADJ
cblr-1216	476	12	duties	duty	NOUN
cblr-1216	476	13	by	by	ADP
cblr-1216	476	14	not	not	PART
cblr-1216	476	15	allocating	allocate	VERB
cblr-1216	476	16	a	a	DET
cblr-1216	476	17	share	share	NOUN
cblr-1216	476	18	of	of	ADP
cblr-1216	476	19	“	"	PUNCT
cblr-1216	476	20	broken	broken	ADJ
cblr-1216	476	21	deal	deal	NOUN
cblr-1216	476	22	expenses	expense	NOUN
cblr-1216	476	23	”	"	PUNCT
cblr-1216	476	24	to	to	ADP
cblr-1216	476	25	co	co	NOUN
cblr-1216	476	26	-	-	NOUN
cblr-1216	476	27	investors	investor	NOUN
cblr-1216	476	28	that	that	PRON
cblr-1216	476	29	included	include	VERB
cblr-1216	476	30	its	its	PRON
cblr-1216	476	31	own	own	ADJ
cblr-1216	476	32	employees	employee	NOUN
cblr-1216	476	33	as	as	ADV
cblr-1216	476	34	well	well	ADV
cblr-1216	476	35	as	as	ADP
cblr-1216	476	36	consultants	consultant	NOUN
cblr-1216	476	37	and	and	CCONJ
cblr-1216	476	38	others.129	others.129	VERB
cblr-1216	476	39	there	there	PRON
cblr-1216	476	40	is	be	VERB
cblr-1216	476	41	a	a	DET
cblr-1216	476	42	distinct	distinct	ADJ
cblr-1216	476	43	possibility	possibility	NOUN
cblr-1216	476	44	that	that	SCONJ
cblr-1216	476	45	the	the	DET
cblr-1216	476	46	co	co	NOUN
cblr-1216	476	47	-	-	NOUN
cblr-1216	476	48	investment	investment	ADJ
cblr-1216	476	49	structure	structure	NOUN
cblr-1216	476	50	,	,	PUNCT
cblr-1216	476	51	paired	pair	VERB
cblr-1216	476	52	with	with	ADP
cblr-1216	476	53	the	the	DET
cblr-1216	476	54	non	non	NOUN
cblr-1216	476	55	-	-	NOUN
cblr-1216	476	56	allocation	allocation	NOUN
cblr-1216	476	57	of	of	ADP
cblr-1216	476	58	“	"	PUNCT
cblr-1216	476	59	broken	broken	ADJ
cblr-1216	476	60	deal	deal	NOUN
cblr-1216	476	61	expenses	expense	NOUN
cblr-1216	476	62	”	"	PUNCT
cblr-1216	476	63	to	to	ADP
cblr-1216	476	64	the	the	DET
cblr-1216	476	65	co	co	NOUN
cblr-1216	476	66	-	-	NOUN
cblr-1216	476	67	investors	investor	NOUN
cblr-1216	476	68	,	,	PUNCT
cblr-1216	476	69	is	be	AUX
cblr-1216	476	70	a	a	DET
cblr-1216	476	71	deliberate	deliberate	ADJ
cblr-1216	476	72	incentive	incentive	NOUN
cblr-1216	476	73	structure	structure	NOUN
cblr-1216	476	74	designed	design	VERB
cblr-1216	476	75	to	to	PART
cblr-1216	476	76	ensure	ensure	VERB
cblr-1216	476	77	that	that	SCONJ
cblr-1216	476	78	employees	employee	NOUN
cblr-1216	476	79	and	and	CCONJ
cblr-1216	476	80	consultants	consultant	NOUN
cblr-1216	476	81	will	will	AUX
cblr-1216	476	82	not	not	PART
cblr-1216	476	83	limit	limit	VERB
cblr-1216	476	84	their	their	PRON
cblr-1216	476	85	research	research	NOUN
cblr-1216	476	86	because	because	SCONJ
cblr-1216	476	87	of	of	ADP
cblr-1216	476	88	cost	cost	NOUN
cblr-1216	476	89	.	.	PUNCT
cblr-1216	477	1	thus	thus	ADV
cblr-1216	477	2	,	,	PUNCT
cblr-1216	477	3	if	if	SCONJ
cblr-1216	477	4	a	a	DET
cblr-1216	477	5	kkr	kkr	PROPN
cblr-1216	477	6	employee	employee	NOUN
cblr-1216	477	7	was	be	AUX
cblr-1216	477	8	attempting	attempt	VERB
cblr-1216	477	9	to	to	PART
cblr-1216	477	10	source	source	VERB
cblr-1216	477	11	deals	deal	NOUN
cblr-1216	477	12	,	,	PUNCT
cblr-1216	477	13	but	but	CCONJ
cblr-1216	477	14	would	would	AUX
cblr-1216	477	15	also	also	ADV
cblr-1216	477	16	pay	pay	VERB
cblr-1216	477	17	a	a	DET
cblr-1216	477	18	pro	pro	ADJ
cblr-1216	477	19	-	-	ADJ
cblr-1216	477	20	rata	rata	ADJ
cblr-1216	477	21	share	share	NOUN
cblr-1216	477	22	of	of	ADP
cblr-1216	477	23	the	the	DET
cblr-1216	477	24	expenses	expense	NOUN
cblr-1216	477	25	for	for	ADP
cblr-1216	477	26	any	any	DET
cblr-1216	477	27	deal	deal	NOUN
cblr-1216	477	28	that	that	PRON
cblr-1216	477	29	was	be	AUX
cblr-1216	477	30	not	not	PART
cblr-1216	477	31	successful	successful	ADJ
cblr-1216	477	32	,	,	PUNCT
cblr-1216	477	33	they	they	PRON
cblr-1216	477	34	may	may	AUX
cblr-1216	477	35	decline	decline	VERB
cblr-1216	477	36	to	to	PART
cblr-1216	477	37	exhaustively	exhaustively	ADV
cblr-1216	477	38	search	search	VERB
cblr-1216	477	39	for	for	ADP
cblr-1216	477	40	the	the	DET
cblr-1216	477	41	optimal	optimal	ADJ
cblr-1216	477	42	deal	deal	NOUN
cblr-1216	477	43	for	for	ADP
cblr-1216	477	44	the	the	DET
cblr-1216	477	45	limited	limited	ADJ
cblr-1216	477	46	partners	partner	NOUN
cblr-1216	477	47	.	.	PUNCT
cblr-1216	478	1	the	the	DET
cblr-1216	478	2	disgorgement	disgorgement	NOUN
cblr-1216	478	3	amount	amount	NOUN
cblr-1216	478	4	from	from	ADP
cblr-1216	478	5	the	the	DET
cblr-1216	478	6	kkr	kkr	PROPN
cblr-1216	478	7	settlement	settlement	PROPN
cblr-1216	478	8	was	be	AUX
cblr-1216	478	9	$	$	SYM
cblr-1216	478	10	14,165,968	14,165,968	NUM
cblr-1216	478	11	and	and	CCONJ
cblr-1216	478	12	the	the	DET
cblr-1216	478	13	funds	fund	NOUN
cblr-1216	478	14	at	at	ADP
cblr-1216	478	15	issue	issue	NOUN
cblr-1216	478	16	in	in	ADP
cblr-1216	478	17	the	the	DET
cblr-1216	478	18	order	order	NOUN
cblr-1216	478	19	(	(	PUNCT
cblr-1216	478	20	kkr	kkr	PROPN
cblr-1216	478	21	’s	’s	PART
cblr-1216	478	22	flagship	flagship	NOUN
cblr-1216	478	23	funds	fund	NOUN
cblr-1216	478	24	)	)	PUNCT
cblr-1216	478	25	invested	invest	VERB
cblr-1216	478	26	$	$	SYM
cblr-1216	478	27	30.2	30.2	NUM
cblr-1216	478	28	billion	billion	NUM
cblr-1216	478	29	over	over	ADP
cblr-1216	478	30	the	the	DET
cblr-1216	478	31	period	period	NOUN
cblr-1216	478	32	covered	cover	VERB
cblr-1216	478	33	by	by	ADP
cblr-1216	478	34	the	the	DET
cblr-1216	478	35	order.130	order.130	NOUN
cblr-1216	478	36	thus	thus	ADV
cblr-1216	478	37	,	,	PUNCT
cblr-1216	478	38	the	the	DET
cblr-1216	478	39	unallocated	unallocated	ADJ
cblr-1216	478	40	broken	break	VERB
cblr-1216	478	41	deal	deal	NOUN
cblr-1216	478	42	expenses	expense	NOUN
cblr-1216	478	43	accounted	account	VERB
cblr-1216	478	44	for	for	ADP
cblr-1216	478	45	0.04	0.04	NUM
cblr-1216	478	46	%	%	NOUN
cblr-1216	478	47	of	of	ADP
cblr-1216	478	48	the	the	DET
cblr-1216	478	49	total	total	ADJ
cblr-1216	478	50	amount	amount	NOUN
cblr-1216	478	51	invested	invest	VERB
cblr-1216	478	52	by	by	ADP
cblr-1216	478	53	the	the	DET
cblr-1216	478	54	fund	fund	NOUN
cblr-1216	478	55	over	over	ADP
cblr-1216	478	56	this	this	DET
cblr-1216	478	57	period.131	period.131	PROPN
cblr-1216	478	58	for	for	ADP
cblr-1216	478	59	reference	reference	NOUN
cblr-1216	478	60	,	,	PUNCT
cblr-1216	478	61	kkr	kkr	PROPN
cblr-1216	478	62	’s	’s	PART
cblr-1216	478	63	2006	2006	NUM
cblr-1216	478	64	fund	fund	NOUN
cblr-1216	478	65	l.p	l.p	PROPN
cblr-1216	478	66	.	.	PROPN
cblr-1216	478	67	,	,	PUNCT
cblr-1216	478	68	which	which	PRON
cblr-1216	478	69	was	be	AUX
cblr-1216	478	70	the	the	DET
cblr-1216	478	71	largest	large	ADJ
cblr-1216	478	72	and	and	CCONJ
cblr-1216	478	73	most	most	ADV
cblr-1216	478	74	active	active	ADJ
cblr-1216	478	75	fund	fund	NOUN
cblr-1216	478	76	during	during	ADP
cblr-1216	478	77	the	the	DET
cblr-1216	478	78	time	time	NOUN
cblr-1216	478	79	period	period	NOUN
cblr-1216	478	80	covered	cover	VERB
cblr-1216	478	81	by	by	ADP
cblr-1216	478	82	the	the	DET
cblr-1216	478	83	order,132	order,132	PROPN
cblr-1216	478	84	has	have	VERB
cblr-1216	478	85	a	a	DET
cblr-1216	478	86	net	net	ADJ
cblr-1216	478	87	irr	irr	NOUN
cblr-1216	478	88	of	of	ADP
cblr-1216	478	89	7.6%.133	7.6%.133	NUM
cblr-1216	478	90	it	it	PRON
cblr-1216	478	91	is	be	AUX
cblr-1216	478	92	possible	possible	ADJ
cblr-1216	478	93	,	,	PUNCT
cblr-1216	478	94	and	and	CCONJ
cblr-1216	478	95	even	even	ADV
cblr-1216	478	96	probable	probable	ADJ
cblr-1216	478	97	,	,	PUNCT
cblr-1216	478	98	that	that	SCONJ
cblr-1216	478	99	limited	limited	ADJ
cblr-1216	478	100	partners	partner	NOUN
cblr-1216	478	101	are	be	AUX
cblr-1216	478	102	willing	willing	ADJ
cblr-1216	478	103	to	to	PART
cblr-1216	478	104	sacrifice	sacrifice	VERB
cblr-1216	478	105	the	the	DET
cblr-1216	478	106	0.04	0.04	NUM
cblr-1216	478	107	%	%	NOUN
cblr-1216	478	108	of	of	ADP
cblr-1216	478	109	their	their	PRON
cblr-1216	478	110	investment	investment	NOUN
cblr-1216	478	111	over	over	ADP
cblr-1216	478	112	129	129	NUM
cblr-1216	478	113	kohlberg	kohlberg	PROPN
cblr-1216	478	114	kravis	kravis	PROPN
cblr-1216	478	115	roberts	roberts	PROPN
cblr-1216	478	116	&	&	CCONJ
cblr-1216	478	117	co.	co.	PROPN
cblr-1216	478	118	,	,	PUNCT
cblr-1216	478	119	investment	investment	NOUN
cblr-1216	478	120	advisers	adviser	NOUN
cblr-1216	478	121	act	act	VERB
cblr-1216	478	122	release	release	VERB
cblr-1216	478	123	no	no	NOUN
cblr-1216	478	124	.	.	NOUN
cblr-1216	478	125	4131	4131	NUM
cblr-1216	478	126	,	,	PUNCT
cblr-1216	478	127	2015	2015	NUM
cblr-1216	478	128	wl	wl	NOUN
cblr-1216	478	129	3941621	3941621	NUM
cblr-1216	478	130	,	,	PUNCT
cblr-1216	478	131	at	at	ADP
cblr-1216	478	132	*	*	PROPN
cblr-1216	478	133	3–6	3–6	NUM
cblr-1216	478	134	(	(	PUNCT
cblr-1216	478	135	june	june	PROPN
cblr-1216	478	136	29	29	NUM
cblr-1216	478	137	,	,	PUNCT
cblr-1216	478	138	2015	2015	NUM
cblr-1216	478	139	)	)	PUNCT
cblr-1216	478	140	.	.	PUNCT
cblr-1216	479	1	130	130	NUM
cblr-1216	480	1	i	i	PRON
cblr-1216	480	2	d.	d.	NOUN
cblr-1216	480	3	at	at	ADP
cblr-1216	480	4	4	4	NUM
cblr-1216	480	5	,	,	PUNCT
cblr-1216	480	6	6	6	NUM
cblr-1216	480	7	.	.	NOUN
cblr-1216	480	8	131	131	NUM
cblr-1216	480	9	calculated	calculate	VERB
cblr-1216	480	10	as	as	ADP
cblr-1216	480	11	$	$	SYM
cblr-1216	480	12	14,165,968	14,165,968	NUM
cblr-1216	480	13	/	/	SYM
cblr-1216	480	14	$	$	SYM
cblr-1216	480	15	30,200,000,000	30,200,000,000	NUM
cblr-1216	480	16	*	*	SYM
cblr-1216	480	17	100	100	NUM
cblr-1216	480	18	=	=	SYM
cblr-1216	480	19	0.0469	0.0469	NUM
cblr-1216	480	20	%	%	NOUN
cblr-1216	480	21	.	.	PUNCT
cblr-1216	481	1	132	132	NUM
cblr-1216	481	2	kohlberg	kohlberg	PROPN
cblr-1216	481	3	kravis	kravis	PROPN
cblr-1216	481	4	roberts	roberts	PROPN
cblr-1216	481	5	&	&	CCONJ
cblr-1216	481	6	co.	co.	PROPN
cblr-1216	481	7	,	,	PUNCT
cblr-1216	481	8	investment	investment	NOUN
cblr-1216	481	9	advisers	adviser	NOUN
cblr-1216	481	10	act	act	VERB
cblr-1216	481	11	release	release	VERB
cblr-1216	481	12	no	no	NOUN
cblr-1216	481	13	.	.	NOUN
cblr-1216	481	14	4131	4131	NUM
cblr-1216	481	15	,	,	PUNCT
cblr-1216	481	16	2015	2015	NUM
cblr-1216	481	17	wl	wl	NOUN
cblr-1216	481	18	3941621	3941621	NUM
cblr-1216	481	19	,	,	PUNCT
cblr-1216	481	20	at	at	ADP
cblr-1216	481	21	*	*	NOUN
cblr-1216	481	22	1	1	NUM
cblr-1216	481	23	(	(	PUNCT
cblr-1216	481	24	june	june	PROPN
cblr-1216	481	25	29	29	NUM
cblr-1216	481	26	,	,	PUNCT
cblr-1216	481	27	2015	2015	NUM
cblr-1216	481	28	)	)	PUNCT
cblr-1216	481	29	.	.	PUNCT
cblr-1216	482	1	at	at	ADP
cblr-1216	482	2	the	the	DET
cblr-1216	482	3	time	time	NOUN
cblr-1216	482	4	of	of	ADP
cblr-1216	482	5	the	the	DET
cblr-1216	482	6	order	order	NOUN
cblr-1216	482	7	,	,	PUNCT
cblr-1216	482	8	the	the	DET
cblr-1216	482	9	2006	2006	NUM
cblr-1216	482	10	fund	fund	NOUN
cblr-1216	482	11	had	have	AUX
cblr-1216	482	12	invested	invest	VERB
cblr-1216	482	13	more	more	ADJ
cblr-1216	482	14	than	than	ADP
cblr-1216	482	15	$	$	SYM
cblr-1216	482	16	17	17	NUM
cblr-1216	482	17	billion	billion	NUM
cblr-1216	482	18	into	into	ADP
cblr-1216	482	19	forty	forty	NUM
cblr-1216	482	20	-	-	PUNCT
cblr-1216	482	21	two	two	NUM
cblr-1216	482	22	portfolio	portfolio	NOUN
cblr-1216	482	23	companies	company	NOUN
cblr-1216	482	24	.	.	PUNCT
cblr-1216	483	1	133	133	NUM
cblr-1216	483	2	private	private	ADJ
cblr-1216	483	3	equity	equity	NOUN
cblr-1216	483	4	program	program	NOUN
cblr-1216	483	5	fund	fund	NOUN
cblr-1216	483	6	performance	performance	NOUN
cblr-1216	483	7	review	review	NOUN
cblr-1216	483	8	,	,	PUNCT
cblr-1216	483	9	calpers	calpers	PROPN
cblr-1216	483	10	,	,	PUNCT
cblr-1216	483	11	https://www.calpers.ca.gov/page/investments/asset-classes/private-equity/pep-fund-performance	https://www.calpers.ca.gov/page/investments/asset-classes/private-equity/pep-fund-performance	NOUN
cblr-1216	483	12	[	[	X
cblr-1216	483	13	perma.cc/wp5u-vbdx	perma.cc/wp5u-vbdx	VERB
cblr-1216	483	14	]	]	PUNCT
cblr-1216	483	15	.	.	PUNCT
cblr-1216	484	1	net	net	ADJ
cblr-1216	484	2	irr	irr	PROPN
cblr-1216	484	3	is	be	AUX
cblr-1216	484	4	the	the	DET
cblr-1216	484	5	“	"	PUNCT
cblr-1216	484	6	net	net	ADJ
cblr-1216	484	7	internal	internal	ADJ
cblr-1216	484	8	rate	rate	NOUN
cblr-1216	484	9	of	of	ADP
cblr-1216	484	10	return	return	NOUN
cblr-1216	484	11	(	(	PUNCT
cblr-1216	484	12	net	net	ADJ
cblr-1216	484	13	irr	irr	NOUN
cblr-1216	484	14	)	)	PUNCT
cblr-1216	484	15	is	be	AUX
cblr-1216	484	16	a	a	DET
cblr-1216	484	17	measure	measure	NOUN
cblr-1216	484	18	of	of	ADP
cblr-1216	484	19	a	a	DET
cblr-1216	484	20	portfolio	portfolio	NOUN
cblr-1216	484	21	or	or	CCONJ
cblr-1216	484	22	fund	fund	NOUN
cblr-1216	484	23	’s	’s	PART
cblr-1216	484	24	performance	performance	NOUN
cblr-1216	484	25	that	that	PRON
cblr-1216	484	26	is	be	AUX
cblr-1216	484	27	equal	equal	ADJ
cblr-1216	484	28	to	to	ADP
cblr-1216	484	29	the	the	DET
cblr-1216	484	30	internal	internal	ADJ
cblr-1216	484	31	rate	rate	NOUN
cblr-1216	484	32	of	of	ADP
cblr-1216	484	33	return	return	NOUN
cblr-1216	484	34	(	(	PUNCT
cblr-1216	484	35	irr	irr	PROPN
cblr-1216	484	36	)	)	PUNCT
cblr-1216	484	37	after	after	ADP
cblr-1216	484	38	management	management	NOUN
cblr-1216	484	39	fees	fee	NOUN
cblr-1216	484	40	and	and	CCONJ
cblr-1216	484	41	carried	carry	VERB
cblr-1216	484	42	interest	interest	NOUN
cblr-1216	484	43	have	have	AUX
cblr-1216	484	44	been	be	AUX
cblr-1216	484	45	accounted	account	VERB
cblr-1216	484	46	for	for	ADP
cblr-1216	484	47	.	.	PUNCT
cblr-1216	485	1	it	it	PRON
cblr-1216	485	2	is	be	AUX
cblr-1216	485	3	a	a	DET
cblr-1216	485	4	capital	capital	NOUN
cblr-1216	485	5	budgeting	budgeting	NOUN
cblr-1216	485	6	and	and	CCONJ
cblr-1216	485	7	portfolio	portfolio	NOUN
cblr-1216	485	8	management	management	NOUN
cblr-1216	485	9	term	term	NOUN
cblr-1216	485	10	.	.	PUNCT
cblr-1216	485	11	”	"	PUNCT
cblr-1216	486	1	the	the	DET
cblr-1216	486	2	new	new	ADJ
cblr-1216	486	3	internal	internal	ADJ
cblr-1216	486	4	rate	rate	NOUN
cblr-1216	486	5	of	of	ADP
cblr-1216	486	6	return	return	NOUN
cblr-1216	486	7	—	—	PUNCT
cblr-1216	486	8	net	net	ADJ
cblr-1216	486	9	irr	irr	PROPN
cblr-1216	486	10	,	,	PUNCT
cblr-1216	486	11	investopedia	investopedia	PROPN
cblr-1216	486	12	,	,	PUNCT
cblr-1216	486	13	http://www.investopedia.com/terms/n/net-internalrate-of-return.asp	http://www.investopedia.com/terms/n/net-internalrate-of-return.asp	X
cblr-1216	486	14	[	[	X
cblr-1216	486	15	perma.cc/bu5n-sgu3	perma.cc/bu5n-sgu3	X
cblr-1216	486	16	]	]	PUNCT
cblr-1216	486	17	.	.	PUNCT
cblr-1216	487	1	nadler_final	nadler_final	PROPN
cblr-1216	487	2	284	284	NUM
cblr-1216	487	3	columbia	columbia	PROPN
cblr-1216	487	4	business	business	NOUN
cblr-1216	487	5	law	law	PROPN
cblr-1216	487	6	review	review	NOUN
cblr-1216	487	7	[	[	X
cblr-1216	487	8	vol	vol	NOUN
cblr-1216	487	9	.	.	NOUN
cblr-1216	487	10	2018	2018	NUM
cblr-1216	487	11	the	the	DET
cblr-1216	487	12	span	span	NOUN
cblr-1216	487	13	of	of	ADP
cblr-1216	487	14	six	six	NUM
cblr-1216	487	15	years	year	NOUN
cblr-1216	487	16	in	in	ADP
cblr-1216	487	17	order	order	NOUN
cblr-1216	487	18	to	to	PART
cblr-1216	487	19	increase	increase	VERB
cblr-1216	487	20	the	the	DET
cblr-1216	487	21	incentive	incentive	NOUN
cblr-1216	487	22	for	for	SCONJ
cblr-1216	487	23	kkr	kkr	PROPN
cblr-1216	487	24	and	and	CCONJ
cblr-1216	487	25	its	its	PRON
cblr-1216	487	26	employees	employee	NOUN
cblr-1216	487	27	and	and	CCONJ
cblr-1216	487	28	consultants	consultant	NOUN
cblr-1216	487	29	to	to	PART
cblr-1216	487	30	source	source	VERB
cblr-1216	487	31	the	the	DET
cblr-1216	487	32	most	most	ADV
cblr-1216	487	33	desirable	desirable	ADJ
cblr-1216	487	34	deals	deal	NOUN
cblr-1216	487	35	.	.	PUNCT
cblr-1216	488	1	this	this	DET
cblr-1216	488	2	conclusion	conclusion	NOUN
cblr-1216	488	3	is	be	AUX
cblr-1216	488	4	supported	support	VERB
cblr-1216	488	5	by	by	ADP
cblr-1216	488	6	the	the	DET
cblr-1216	488	7	cited	cite	VERB
cblr-1216	488	8	text	text	NOUN
cblr-1216	488	9	of	of	ADP
cblr-1216	488	10	the	the	DET
cblr-1216	488	11	lpa	lpa	NOUN
cblr-1216	488	12	,	,	PUNCT
cblr-1216	488	13	which	which	PRON
cblr-1216	488	14	required	require	VERB
cblr-1216	488	15	“	"	PUNCT
cblr-1216	488	16	the	the	DET
cblr-1216	488	17	fund	fund	NOUN
cblr-1216	488	18	to	to	PART
cblr-1216	488	19	pay	pay	VERB
cblr-1216	488	20	‘	'	PUNCT
cblr-1216	488	21	all	all	DET
cblr-1216	488	22	’	'	PUNCT
cblr-1216	488	23	broken	broken	ADJ
cblr-1216	488	24	deal	deal	NOUN
cblr-1216	488	25	expenses	expense	NOUN
cblr-1216	488	26	‘	'	PUNCT
cblr-1216	488	27	incurred	incur	VERB
cblr-1216	488	28	by	by	ADP
cblr-1216	488	29	or	or	CCONJ
cblr-1216	488	30	on	on	ADP
cblr-1216	488	31	behalf	behalf	NOUN
cblr-1216	488	32	of	of	ADP
cblr-1216	488	33	’	'	PUNCT
cblr-1216	488	34	the	the	DET
cblr-1216	488	35	fund	fund	NOUN
cblr-1216	488	36	‘	'	PUNCT
cblr-1216	488	37	in	in	ADP
cblr-1216	488	38	developing	develop	VERB
cblr-1216	488	39	,	,	PUNCT
cblr-1216	488	40	negotiating	negotiate	VERB
cblr-1216	488	41	and	and	CCONJ
cblr-1216	488	42	structuring	structure	VERB
cblr-1216	488	43	prospective	prospective	ADJ
cblr-1216	488	44	or	or	CCONJ
cblr-1216	488	45	potential	potential	ADJ
cblr-1216	488	46	[	[	PUNCT
cblr-1216	488	47	i]nvestments	i]nvestment	NOUN
cblr-1216	488	48	that	that	PRON
cblr-1216	488	49	are	be	AUX
cblr-1216	488	50	not	not	PART
cblr-1216	488	51	ultimately	ultimately	ADV
cblr-1216	488	52	made	make	VERB
cblr-1216	488	53	.	.	PUNCT
cblr-1216	489	1	’”134	’”134	PROPN
cblr-1216	489	2	this	this	PRON
cblr-1216	489	3	was	be	AUX
cblr-1216	489	4	in	in	ADP
cblr-1216	489	5	the	the	DET
cblr-1216	489	6	lpa	lpa	NOUN
cblr-1216	489	7	along	along	ADP
cblr-1216	489	8	with	with	ADP
cblr-1216	489	9	the	the	DET
cblr-1216	489	10	reservation	reservation	NOUN
cblr-1216	489	11	of	of	ADP
cblr-1216	489	12	a	a	DET
cblr-1216	489	13	certain	certain	ADJ
cblr-1216	489	14	percentage	percentage	NOUN
cblr-1216	489	15	for	for	ADP
cblr-1216	489	16	co	co	NOUN
cblr-1216	489	17	-	-	NOUN
cblr-1216	489	18	investors	investor	NOUN
cblr-1216	489	19	;	;	PUNCT
cblr-1216	489	20	it	it	PRON
cblr-1216	489	21	was	be	AUX
cblr-1216	489	22	evident	evident	ADJ
cblr-1216	489	23	to	to	ADP
cblr-1216	489	24	any	any	DET
cblr-1216	489	25	limited	limited	ADJ
cblr-1216	489	26	partner	partner	NOUN
cblr-1216	489	27	that	that	PRON
cblr-1216	489	28	co	co	NOUN
cblr-1216	489	29	-	-	NOUN
cblr-1216	489	30	investors	investor	NOUN
cblr-1216	489	31	could	could	AUX
cblr-1216	489	32	invest	invest	VERB
cblr-1216	489	33	,	,	PUNCT
cblr-1216	489	34	yet	yet	CCONJ
cblr-1216	489	35	the	the	DET
cblr-1216	489	36	fund	fund	NOUN
cblr-1216	489	37	would	would	AUX
cblr-1216	489	38	pay	pay	VERB
cblr-1216	489	39	broken	broken	ADJ
cblr-1216	489	40	deal	deal	NOUN
cblr-1216	489	41	expenses	expense	NOUN
cblr-1216	489	42	.	.	PUNCT
cblr-1216	490	1	however	however	ADV
cblr-1216	490	2	,	,	PUNCT
cblr-1216	490	3	the	the	DET
cblr-1216	490	4	possibility	possibility	NOUN
cblr-1216	490	5	that	that	SCONJ
cblr-1216	490	6	this	this	PRON
cblr-1216	490	7	was	be	AUX
cblr-1216	490	8	a	a	DET
cblr-1216	490	9	purposeful	purposeful	ADJ
cblr-1216	490	10	incentive	incentive	NOUN
cblr-1216	490	11	structure	structure	NOUN
cblr-1216	490	12	is	be	AUX
cblr-1216	490	13	outright	outright	ADV
cblr-1216	490	14	ignored	ignore	VERB
cblr-1216	490	15	by	by	ADP
cblr-1216	490	16	the	the	DET
cblr-1216	490	17	sec	sec	PROPN
cblr-1216	490	18	.	.	PUNCT
cblr-1216	491	1	a	a	DET
cblr-1216	491	2	contractarian	contractarian	ADJ
cblr-1216	491	3	model	model	NOUN
cblr-1216	491	4	in	in	ADP
cblr-1216	491	5	which	which	PRON
cblr-1216	491	6	the	the	DET
cblr-1216	491	7	parties	party	NOUN
cblr-1216	491	8	could	could	AUX
cblr-1216	491	9	waive	waive	VERB
cblr-1216	491	10	the	the	DET
cblr-1216	491	11	federal	federal	ADJ
cblr-1216	491	12	fiduciary	fiduciary	ADJ
cblr-1216	491	13	duties	duty	NOUN
cblr-1216	491	14	could	could	AUX
cblr-1216	491	15	remedy	remedy	VERB
cblr-1216	491	16	this	this	DET
cblr-1216	491	17	problem	problem	NOUN
cblr-1216	491	18	and	and	CCONJ
cblr-1216	491	19	signify	signify	VERB
cblr-1216	491	20	that	that	SCONJ
cblr-1216	491	21	the	the	DET
cblr-1216	491	22	limited	limited	ADJ
cblr-1216	491	23	partners	partner	NOUN
cblr-1216	491	24	consented	consent	VERB
cblr-1216	491	25	to	to	ADP
cblr-1216	491	26	what	what	PRON
cblr-1216	491	27	the	the	DET
cblr-1216	491	28	sec	sec	PROPN
cblr-1216	491	29	may	may	AUX
cblr-1216	491	30	define	define	VERB
cblr-1216	491	31	as	as	ADP
cblr-1216	491	32	a	a	DET
cblr-1216	491	33	breach	breach	NOUN
cblr-1216	491	34	of	of	ADP
cblr-1216	491	35	duty	duty	NOUN
cblr-1216	491	36	.	.	PUNCT
cblr-1216	492	1	the	the	DET
cblr-1216	492	2	blackstone	blackstone	NOUN
cblr-1216	492	3	and	and	CCONJ
cblr-1216	492	4	apollo	apollo	PROPN
cblr-1216	492	5	orders	order	NOUN
cblr-1216	492	6	contain	contain	VERB
cblr-1216	492	7	a	a	DET
cblr-1216	492	8	similar	similar	ADJ
cblr-1216	492	9	possible	possible	ADJ
cblr-1216	492	10	incentive	incentive	NOUN
cblr-1216	492	11	that	that	PRON
cblr-1216	492	12	the	the	DET
cblr-1216	492	13	sec	sec	PROPN
cblr-1216	492	14	ignores	ignore	VERB
cblr-1216	492	15	.	.	PUNCT
cblr-1216	493	1	the	the	DET
cblr-1216	493	2	blackstone	blackstone	NOUN
cblr-1216	493	3	order	order	NOUN
cblr-1216	493	4	notes	note	VERB
cblr-1216	493	5	that	that	SCONJ
cblr-1216	493	6	“	"	PUNCT
cblr-1216	493	7	[	[	X
cblr-1216	493	8	w]hile	w]hile	ADP
cblr-1216	493	9	blackstone	blackstone	NOUN
cblr-1216	493	10	disclosed	disclose	VERB
cblr-1216	493	11	its	its	PRON
cblr-1216	493	12	ability	ability	NOUN
cblr-1216	493	13	to	to	PART
cblr-1216	493	14	collect	collect	VERB
cblr-1216	493	15	monitoring	monitor	VERB
cblr-1216	493	16	fees	fee	NOUN
cblr-1216	493	17	to	to	ADP
cblr-1216	493	18	the	the	DET
cblr-1216	493	19	funds	fund	NOUN
cblr-1216	493	20	and	and	CCONJ
cblr-1216	493	21	to	to	ADP
cblr-1216	493	22	the	the	DET
cblr-1216	493	23	funds	fund	NOUN
cblr-1216	493	24	’	'	PUNCT
cblr-1216	493	25	limited	limited	ADJ
cblr-1216	493	26	partners	partner	NOUN
cblr-1216	493	27	prior	prior	ADV
cblr-1216	493	28	to	to	ADP
cblr-1216	493	29	their	their	PRON
cblr-1216	493	30	commitment	commitment	NOUN
cblr-1216	493	31	of	of	ADP
cblr-1216	493	32	capital	capital	NOUN
cblr-1216	493	33	,	,	PUNCT
cblr-1216	493	34	it	it	PRON
cblr-1216	493	35	did	do	AUX
cblr-1216	493	36	not	not	PART
cblr-1216	493	37	disclose	disclose	VERB
cblr-1216	493	38	.	.	PUNCT
cblr-1216	493	39	.	.	PUNCT
cblr-1216	493	40	.	.	PUNCT
cblr-1216	494	1	its	its	PRON
cblr-1216	494	2	practice	practice	NOUN
cblr-1216	494	3	of	of	ADP
cblr-1216	494	4	accelerating	accelerate	VERB
cblr-1216	494	5	monitoring	monitor	VERB
cblr-1216	494	6	fees	fee	NOUN
cblr-1216	494	7	until	until	SCONJ
cblr-1216	494	8	after	after	SCONJ
cblr-1216	494	9	blackstone	blackstone	NOUN
cblr-1216	494	10	had	have	AUX
cblr-1216	494	11	taken	take	VERB
cblr-1216	494	12	accelerated	accelerate	VERB
cblr-1216	494	13	fees	fee	NOUN
cblr-1216	494	14	.	.	PUNCT
cblr-1216	494	15	”135	”135	PUNCT
cblr-1216	495	1	one	one	PRON
cblr-1216	495	2	could	could	AUX
cblr-1216	495	3	argue	argue	VERB
cblr-1216	495	4	that	that	SCONJ
cblr-1216	495	5	this	this	PRON
cblr-1216	495	6	is	be	AUX
cblr-1216	495	7	a	a	DET
cblr-1216	495	8	false	false	ADJ
cblr-1216	495	9	dichotomy	dichotomy	NOUN
cblr-1216	495	10	between	between	ADP
cblr-1216	495	11	charging	charge	VERB
cblr-1216	495	12	monitoring	monitoring	NOUN
cblr-1216	495	13	fees	fee	NOUN
cblr-1216	495	14	and	and	CCONJ
cblr-1216	495	15	accelerating	accelerate	VERB
cblr-1216	495	16	those	those	DET
cblr-1216	495	17	fees	fee	NOUN
cblr-1216	495	18	,	,	PUNCT
cblr-1216	495	19	and	and	CCONJ
cblr-1216	495	20	that	that	SCONJ
cblr-1216	495	21	the	the	DET
cblr-1216	495	22	existence	existence	NOUN
cblr-1216	495	23	of	of	ADP
cblr-1216	495	24	the	the	DET
cblr-1216	495	25	lpac	lpac	NOUN
cblr-1216	495	26	allowed	allow	VERB
cblr-1216	495	27	the	the	DET
cblr-1216	495	28	limited	limited	ADJ
cblr-1216	495	29	partners	partner	NOUN
cblr-1216	495	30	to	to	PART
cblr-1216	495	31	challenge	challenge	VERB
cblr-1216	495	32	how	how	SCONJ
cblr-1216	495	33	blackstone	blackstone	NOUN
cblr-1216	495	34	was	be	AUX
cblr-1216	495	35	taking	take	VERB
cblr-1216	495	36	those	those	DET
cblr-1216	495	37	fees	fee	NOUN
cblr-1216	495	38	.	.	PUNCT
cblr-1216	496	1	furthermore	furthermore	ADV
cblr-1216	496	2	,	,	PUNCT
cblr-1216	496	3	the	the	DET
cblr-1216	496	4	practice	practice	NOUN
cblr-1216	496	5	of	of	ADP
cblr-1216	496	6	taking	take	VERB
cblr-1216	496	7	accelerated	accelerate	VERB
cblr-1216	496	8	monitoring	monitoring	NOUN
cblr-1216	496	9	fees	fee	NOUN
cblr-1216	496	10	could	could	AUX
cblr-1216	496	11	be	be	AUX
cblr-1216	496	12	an	an	DET
cblr-1216	496	13	incentive	incentive	NOUN
cblr-1216	496	14	structure	structure	NOUN
cblr-1216	496	15	to	to	PART
cblr-1216	496	16	encourage	encourage	VERB
cblr-1216	496	17	the	the	DET
cblr-1216	496	18	fund	fund	NOUN
cblr-1216	496	19	managers	manager	NOUN
cblr-1216	496	20	to	to	PART
cblr-1216	496	21	maximize	maximize	VERB
cblr-1216	496	22	the	the	DET
cblr-1216	496	23	value	value	NOUN
cblr-1216	496	24	of	of	ADP
cblr-1216	496	25	the	the	DET
cblr-1216	496	26	fund	fund	NOUN
cblr-1216	496	27	.	.	PUNCT
cblr-1216	497	1	once	once	SCONJ
cblr-1216	497	2	one	one	NUM
cblr-1216	497	3	of	of	ADP
cblr-1216	497	4	its	its	PRON
cblr-1216	497	5	funds	fund	NOUN
cblr-1216	497	6	has	have	AUX
cblr-1216	497	7	been	be	AUX
cblr-1216	497	8	invested	invest	VERB
cblr-1216	497	9	in	in	ADP
cblr-1216	497	10	a	a	DET
cblr-1216	497	11	portfolio	portfolio	NOUN
cblr-1216	497	12	company	company	NOUN
cblr-1216	497	13	,	,	PUNCT
cblr-1216	497	14	blackstone	blackstone	NOUN
cblr-1216	497	15	has	have	VERB
cblr-1216	497	16	an	an	DET
cblr-1216	497	17	incentive	incentive	NOUN
cblr-1216	497	18	for	for	SCONJ
cblr-1216	497	19	the	the	DET
cblr-1216	497	20	fund	fund	NOUN
cblr-1216	497	21	to	to	PART
cblr-1216	497	22	continue	continue	VERB
cblr-1216	497	23	to	to	PART
cblr-1216	497	24	hold	hold	VERB
cblr-1216	497	25	the	the	DET
cblr-1216	497	26	company	company	NOUN
cblr-1216	497	27	,	,	PUNCT
cblr-1216	497	28	since	since	SCONJ
cblr-1216	497	29	it	it	PRON
cblr-1216	497	30	receives	receive	VERB
cblr-1216	497	31	monitoring	monitor	VERB
cblr-1216	497	32	fees	fee	NOUN
cblr-1216	497	33	as	as	ADP
cblr-1216	497	34	a	a	DET
cblr-1216	497	35	134	134	NUM
cblr-1216	497	36	kohlberg	kohlberg	PROPN
cblr-1216	497	37	kravis	kravis	PROPN
cblr-1216	497	38	roberts	roberts	PROPN
cblr-1216	497	39	&	&	CCONJ
cblr-1216	497	40	co.	co.	PROPN
cblr-1216	497	41	,	,	PUNCT
cblr-1216	497	42	investment	investment	NOUN
cblr-1216	497	43	advisers	adviser	NOUN
cblr-1216	497	44	act	act	VERB
cblr-1216	497	45	release	release	VERB
cblr-1216	497	46	no	no	NOUN
cblr-1216	497	47	.	.	NOUN
cblr-1216	497	48	4131	4131	NUM
cblr-1216	497	49	,	,	PUNCT
cblr-1216	497	50	2015	2015	NUM
cblr-1216	497	51	wl	wl	NOUN
cblr-1216	497	52	3941621	3941621	NUM
cblr-1216	497	53	,	,	PUNCT
cblr-1216	497	54	at	at	ADP
cblr-1216	497	55	*	*	NUM
cblr-1216	497	56	4	4	NUM
cblr-1216	497	57	(	(	PUNCT
cblr-1216	497	58	june	june	PROPN
cblr-1216	497	59	29	29	NUM
cblr-1216	497	60	,	,	PUNCT
cblr-1216	497	61	2015	2015	NUM
cblr-1216	497	62	)	)	PUNCT
cblr-1216	497	63	(	(	PUNCT
cblr-1216	497	64	emphasis	emphasis	NOUN
cblr-1216	497	65	added	add	VERB
cblr-1216	497	66	)	)	PUNCT
cblr-1216	497	67	.	.	PUNCT
cblr-1216	498	1	135	135	NUM
cblr-1216	498	2	blackstone	blackstone	NOUN
cblr-1216	498	3	mgmt	mgmt	PROPN
cblr-1216	498	4	.	.	PUNCT
cblr-1216	499	1	partners	partner	NOUN
cblr-1216	499	2	,	,	PUNCT
cblr-1216	499	3	investment	investment	NOUN
cblr-1216	499	4	advisers	adviser	NOUN
cblr-1216	499	5	act	act	VERB
cblr-1216	499	6	release	release	VERB
cblr-1216	499	7	no	no	NOUN
cblr-1216	499	8	.	.	NOUN
cblr-1216	499	9	4219	4219	NUM
cblr-1216	499	10	,	,	PUNCT
cblr-1216	499	11	2015	2015	NUM
cblr-1216	499	12	wl	wl	NOUN
cblr-1216	499	13	5834037	5834037	NUM
cblr-1216	499	14	,	,	PUNCT
cblr-1216	499	15	at	at	ADP
cblr-1216	499	16	*	*	NUM
cblr-1216	499	17	4	4	NUM
cblr-1216	499	18	(	(	PUNCT
cblr-1216	499	19	oct	oct	PROPN
cblr-1216	499	20	.	.	PROPN
cblr-1216	499	21	7	7	NUM
cblr-1216	499	22	,	,	PUNCT
cblr-1216	499	23	2015	2015	NUM
cblr-1216	499	24	)	)	PUNCT
cblr-1216	499	25	.	.	PUNCT
cblr-1216	500	1	nadler_final	nadler_final	ADJ
cblr-1216	500	2	no	no	INTJ
cblr-1216	500	3	.	.	PUNCT
cblr-1216	501	1	1:254	1:254	NUM
cblr-1216	501	2	]	]	X
cblr-1216	501	3	federal	federal	ADJ
cblr-1216	501	4	fiduciary	fiduciary	ADJ
cblr-1216	501	5	duties	duty	NOUN
cblr-1216	501	6	and	and	CCONJ
cblr-1216	501	7	private	private	ADJ
cblr-1216	501	8	equity	equity	NOUN
cblr-1216	501	9	285	285	NUM
cblr-1216	501	10	source	source	NOUN
cblr-1216	501	11	of	of	ADP
cblr-1216	501	12	revenue	revenue	NOUN
cblr-1216	501	13	.	.	PUNCT
cblr-1216	502	1	the	the	DET
cblr-1216	502	2	practice	practice	NOUN
cblr-1216	502	3	of	of	ADP
cblr-1216	502	4	accelerating	accelerate	VERB
cblr-1216	502	5	fees	fee	NOUN
cblr-1216	502	6	could	could	AUX
cblr-1216	502	7	encourage	encourage	VERB
cblr-1216	502	8	blackstone	blackstone	NOUN
cblr-1216	502	9	to	to	PART
cblr-1216	502	10	sell	sell	VERB
cblr-1216	502	11	or	or	CCONJ
cblr-1216	502	12	take	take	VERB
cblr-1216	502	13	public	public	ADJ
cblr-1216	502	14	a	a	DET
cblr-1216	502	15	company	company	NOUN
cblr-1216	502	16	when	when	SCONJ
cblr-1216	502	17	it	it	PRON
cblr-1216	502	18	may	may	AUX
cblr-1216	502	19	be	be	AUX
cblr-1216	502	20	in	in	ADP
cblr-1216	502	21	their	their	PRON
cblr-1216	502	22	own	own	ADJ
cblr-1216	502	23	best	good	ADJ
cblr-1216	502	24	interests	interest	NOUN
cblr-1216	502	25	to	to	PART
cblr-1216	502	26	continue	continue	VERB
cblr-1216	502	27	to	to	PART
cblr-1216	502	28	collect	collect	VERB
cblr-1216	502	29	the	the	DET
cblr-1216	502	30	fees	fee	NOUN
cblr-1216	502	31	.	.	PUNCT
cblr-1216	503	1	by	by	ADP
cblr-1216	503	2	allowing	allow	VERB
cblr-1216	503	3	acceleration	acceleration	NOUN
cblr-1216	503	4	,	,	PUNCT
cblr-1216	503	5	and	and	CCONJ
cblr-1216	503	6	thus	thus	ADV
cblr-1216	503	7	compensating	compensate	VERB
cblr-1216	503	8	blackstone	blackstone	NOUN
cblr-1216	503	9	for	for	ADP
cblr-1216	503	10	the	the	DET
cblr-1216	503	11	present	present	ADJ
cblr-1216	503	12	value	value	NOUN
cblr-1216	503	13	of	of	ADP
cblr-1216	503	14	future	future	ADJ
cblr-1216	503	15	fees	fee	NOUN
cblr-1216	503	16	,	,	PUNCT
cblr-1216	503	17	it	it	PRON
cblr-1216	503	18	removes	remove	VERB
cblr-1216	503	19	the	the	DET
cblr-1216	503	20	incentive	incentive	NOUN
cblr-1216	503	21	for	for	ADP
cblr-1216	503	22	blackstone	blackstone	NOUN
cblr-1216	503	23	,	,	PUNCT
cblr-1216	503	24	as	as	ADP
cblr-1216	503	25	fund	fund	NOUN
cblr-1216	503	26	manager	manager	NOUN
cblr-1216	503	27	,	,	PUNCT
cblr-1216	503	28	to	to	PART
cblr-1216	503	29	hold	hold	VERB
cblr-1216	503	30	a	a	DET
cblr-1216	503	31	company	company	NOUN
cblr-1216	503	32	past	past	ADP
cblr-1216	503	33	the	the	DET
cblr-1216	503	34	point	point	NOUN
cblr-1216	503	35	where	where	SCONJ
cblr-1216	503	36	doing	do	VERB
cblr-1216	503	37	so	so	ADV
cblr-1216	503	38	is	be	AUX
cblr-1216	503	39	in	in	ADP
cblr-1216	503	40	the	the	DET
cblr-1216	503	41	best	good	ADJ
cblr-1216	503	42	interests	interest	NOUN
cblr-1216	503	43	of	of	ADP
cblr-1216	503	44	the	the	DET
cblr-1216	503	45	limited	limited	ADJ
cblr-1216	503	46	partners	partner	NOUN
cblr-1216	503	47	.	.	PUNCT
cblr-1216	504	1	a	a	DET
cblr-1216	504	2	contractarian	contractarian	ADJ
cblr-1216	504	3	approach	approach	NOUN
cblr-1216	504	4	would	would	AUX
cblr-1216	504	5	prevent	prevent	VERB
cblr-1216	504	6	sec	sec	PROPN
cblr-1216	504	7	enforcement	enforcement	NOUN
cblr-1216	504	8	in	in	ADP
cblr-1216	504	9	this	this	DET
cblr-1216	504	10	case	case	NOUN
cblr-1216	504	11	,	,	PUNCT
cblr-1216	504	12	because	because	SCONJ
cblr-1216	504	13	the	the	DET
cblr-1216	504	14	parties	party	NOUN
cblr-1216	504	15	would	would	AUX
cblr-1216	504	16	be	be	AUX
cblr-1216	504	17	able	able	ADJ
cblr-1216	504	18	to	to	PART
cblr-1216	504	19	specify	specify	VERB
cblr-1216	504	20	whether	whether	SCONJ
cblr-1216	504	21	this	this	PRON
cblr-1216	504	22	qualifies	qualify	VERB
cblr-1216	504	23	as	as	ADP
cblr-1216	504	24	a	a	DET
cblr-1216	504	25	true	true	ADJ
cblr-1216	504	26	“	"	PUNCT
cblr-1216	504	27	conflict	conflict	NOUN
cblr-1216	504	28	of	of	ADP
cblr-1216	504	29	interest	interest	NOUN
cblr-1216	504	30	,	,	PUNCT
cblr-1216	504	31	”	"	PUNCT
cblr-1216	504	32	a	a	DET
cblr-1216	504	33	focal	focal	ADJ
cblr-1216	504	34	point	point	NOUN
cblr-1216	504	35	of	of	ADP
cblr-1216	504	36	sec	sec	PROPN
cblr-1216	504	37	enforcement	enforcement	NOUN
cblr-1216	504	38	of	of	ADP
cblr-1216	504	39	the	the	DET
cblr-1216	504	40	advisers	adviser	NOUN
cblr-1216	504	41	act	act	VERB
cblr-1216	504	42	,	,	PUNCT
cblr-1216	504	43	or	or	CCONJ
cblr-1216	504	44	whether	whether	SCONJ
cblr-1216	504	45	acceleration	acceleration	NOUN
cblr-1216	504	46	of	of	ADP
cblr-1216	504	47	fees	fee	NOUN
cblr-1216	504	48	is	be	AUX
cblr-1216	504	49	contemplated	contemplate	VERB
cblr-1216	504	50	in	in	ADP
cblr-1216	504	51	the	the	DET
cblr-1216	504	52	relationship	relationship	NOUN
cblr-1216	504	53	.	.	PUNCT
cblr-1216	505	1	c.	c.	NOUN
cblr-1216	505	2	limitations	limitation	NOUN
cblr-1216	505	3	of	of	ADP
cblr-1216	505	4	this	this	DET
cblr-1216	505	5	argument	argument	NOUN
cblr-1216	505	6	this	this	DET
cblr-1216	505	7	argument	argument	NOUN
cblr-1216	505	8	—	—	PUNCT
cblr-1216	505	9	that	that	DET
cblr-1216	505	10	enforcement	enforcement	NOUN
cblr-1216	505	11	of	of	ADP
cblr-1216	505	12	federal	federal	ADJ
cblr-1216	505	13	fiduciary	fiduciary	ADJ
cblr-1216	505	14	duties	duty	NOUN
cblr-1216	505	15	on	on	ADP
cblr-1216	505	16	private	private	ADJ
cblr-1216	505	17	equity	equity	NOUN
cblr-1216	505	18	advisers	adviser	NOUN
cblr-1216	505	19	should	should	AUX
cblr-1216	505	20	follow	follow	VERB
cblr-1216	505	21	a	a	DET
cblr-1216	505	22	contractarian	contractarian	ADJ
cblr-1216	505	23	approach	approach	NOUN
cblr-1216	505	24	—	—	PUNCT
cblr-1216	505	25	has	have	VERB
cblr-1216	505	26	obvious	obvious	ADJ
cblr-1216	505	27	limitations	limitation	NOUN
cblr-1216	505	28	.	.	PUNCT
cblr-1216	506	1	robert	robert	PROPN
cblr-1216	506	2	goddard	goddard	PROPN
cblr-1216	506	3	summarized	summarize	VERB
cblr-1216	506	4	the	the	DET
cblr-1216	506	5	concept	concept	NOUN
cblr-1216	506	6	behind	behind	ADP
cblr-1216	506	7	the	the	DET
cblr-1216	506	8	contractarian	contractarian	ADJ
cblr-1216	506	9	approach	approach	NOUN
cblr-1216	506	10	:	:	PUNCT
cblr-1216	506	11	“	"	PUNCT
cblr-1216	506	12	at	at	ADP
cblr-1216	506	13	a	a	DET
cblr-1216	506	14	prescriptive	prescriptive	NOUN
cblr-1216	506	15	,	,	PUNCT
cblr-1216	506	16	normative	normative	ADJ
cblr-1216	506	17	level	level	NOUN
cblr-1216	506	18	,	,	PUNCT
cblr-1216	506	19	it	it	PRON
cblr-1216	506	20	provides	provide	VERB
cblr-1216	506	21	a	a	DET
cblr-1216	506	22	conceptual	conceptual	ADJ
cblr-1216	506	23	framework	framework	NOUN
cblr-1216	506	24	capable	capable	ADJ
cblr-1216	506	25	of	of	ADP
cblr-1216	506	26	resisting	resist	VERB
cblr-1216	506	27	state	state	NOUN
cblr-1216	506	28	intervention	intervention	NOUN
cblr-1216	506	29	,	,	PUNCT
cblr-1216	506	30	and	and	CCONJ
cblr-1216	506	31	one	one	NUM
cblr-1216	506	32	in	in	ADP
cblr-1216	506	33	which	which	PRON
cblr-1216	506	34	the	the	DET
cblr-1216	506	35	state	state	NOUN
cblr-1216	506	36	’s	’s	PART
cblr-1216	506	37	role	role	NOUN
cblr-1216	506	38	is	be	AUX
cblr-1216	506	39	dual	dual	ADJ
cblr-1216	506	40	:	:	PUNCT
cblr-1216	506	41	first	first	ADV
cblr-1216	506	42	,	,	PUNCT
cblr-1216	506	43	to	to	PART
cblr-1216	506	44	provide	provide	VERB
cblr-1216	506	45	an	an	DET
cblr-1216	506	46	appropriate	appropriate	ADJ
cblr-1216	506	47	mechanism	mechanism	NOUN
cblr-1216	506	48	for	for	ADP
cblr-1216	506	49	bargain	bargain	NOUN
cblr-1216	506	50	enforcement	enforcement	NOUN
cblr-1216	506	51	;	;	PUNCT
cblr-1216	506	52	and	and	CCONJ
cblr-1216	506	53	,	,	PUNCT
cblr-1216	506	54	secondly	secondly	ADV
cblr-1216	506	55	,	,	PUNCT
cblr-1216	506	56	to	to	PART
cblr-1216	506	57	provide	provide	VERB
cblr-1216	506	58	a	a	DET
cblr-1216	506	59	framework	framework	NOUN
cblr-1216	506	60	within	within	ADP
cblr-1216	506	61	which	which	PRON
cblr-1216	506	62	bargaining	bargaining	NOUN
cblr-1216	506	63	is	be	AUX
cblr-1216	506	64	made	make	VERB
cblr-1216	506	65	more	more	ADV
cblr-1216	506	66	efficient	efficient	ADJ
cblr-1216	506	67	.	.	PUNCT
cblr-1216	507	1	”136	”136	PUNCT
cblr-1216	507	2	admittedly	admittedly	ADV
cblr-1216	507	3	,	,	PUNCT
cblr-1216	507	4	it	it	PRON
cblr-1216	507	5	appears	appear	VERB
cblr-1216	507	6	inconsistent	inconsistent	ADJ
cblr-1216	507	7	to	to	PART
cblr-1216	507	8	advocate	advocate	VERB
cblr-1216	507	9	a	a	DET
cblr-1216	507	10	model	model	NOUN
cblr-1216	507	11	for	for	ADP
cblr-1216	507	12	federal	federal	ADJ
cblr-1216	507	13	government	government	NOUN
cblr-1216	507	14	enforcement	enforcement	NOUN
cblr-1216	507	15	based	base	VERB
cblr-1216	507	16	on	on	ADP
cblr-1216	507	17	a	a	DET
cblr-1216	507	18	theory	theory	NOUN
cblr-1216	507	19	which	which	PRON
cblr-1216	507	20	is	be	AUX
cblr-1216	507	21	meant	mean	VERB
cblr-1216	507	22	to	to	PART
cblr-1216	507	23	limit	limit	VERB
cblr-1216	507	24	the	the	DET
cblr-1216	507	25	amount	amount	NOUN
cblr-1216	507	26	of	of	ADP
cblr-1216	507	27	government	government	NOUN
cblr-1216	507	28	intervention	intervention	NOUN
cblr-1216	507	29	in	in	ADP
cblr-1216	507	30	business	business	NOUN
cblr-1216	507	31	relationships	relationship	NOUN
cblr-1216	507	32	.	.	PUNCT
cblr-1216	508	1	the	the	DET
cblr-1216	508	2	house	house	PROPN
cblr-1216	508	3	report	report	NOUN
cblr-1216	508	4	accompanying	accompany	VERB
cblr-1216	508	5	the	the	DET
cblr-1216	508	6	iaa	iaa	NOUN
cblr-1216	508	7	stated	state	VERB
cblr-1216	508	8	:	:	PUNCT
cblr-1216	508	9	“	"	PUNCT
cblr-1216	508	10	the	the	DET
cblr-1216	508	11	essential	essential	ADJ
cblr-1216	508	12	purpose	purpose	NOUN
cblr-1216	508	13	of	of	ADP
cblr-1216	508	14	[	[	X
cblr-1216	508	15	the	the	DET
cblr-1216	508	16	iaa	iaa	NOUN
cblr-1216	508	17	]	]	X
cblr-1216	508	18	is	be	AUX
cblr-1216	508	19	to	to	PART
cblr-1216	508	20	protect	protect	VERB
cblr-1216	508	21	the	the	DET
cblr-1216	508	22	public	public	NOUN
cblr-1216	508	23	from	from	ADP
cblr-1216	508	24	the	the	DET
cblr-1216	508	25	frauds	fraud	NOUN
cblr-1216	508	26	and	and	CCONJ
cblr-1216	508	27	misrepresentations	misrepresentation	NOUN
cblr-1216	508	28	of	of	ADP
cblr-1216	508	29	unscrupulous	unscrupulous	ADJ
cblr-1216	508	30	tipsters	tipster	NOUN
cblr-1216	508	31	.	.	PUNCT
cblr-1216	508	32	”137	”137	PUNCT
cblr-1216	509	1	it	it	PRON
cblr-1216	509	2	conflicts	conflict	VERB
cblr-1216	509	3	with	with	ADP
cblr-1216	509	4	the	the	DET
cblr-1216	509	5	purposes	purpose	NOUN
cblr-1216	509	6	of	of	ADP
cblr-1216	509	7	the	the	DET
cblr-1216	509	8	iaa	iaa	NOUN
cblr-1216	509	9	for	for	ADP
cblr-1216	509	10	the	the	DET
cblr-1216	509	11	sec	sec	PROPN
cblr-1216	509	12	to	to	PART
cblr-1216	509	13	step	step	VERB
cblr-1216	509	14	back	back	ADV
cblr-1216	509	15	and	and	CCONJ
cblr-1216	509	16	allow	allow	VERB
cblr-1216	509	17	the	the	DET
cblr-1216	509	18	parties	party	NOUN
cblr-1216	509	19	,	,	PUNCT
cblr-1216	509	20	rather	rather	ADV
cblr-1216	509	21	than	than	ADP
cblr-1216	509	22	the	the	DET
cblr-1216	509	23	agency	agency	NOUN
cblr-1216	509	24	charged	charge	VERB
cblr-1216	509	25	with	with	ADP
cblr-1216	509	26	administering	administer	VERB
cblr-1216	509	27	the	the	DET
cblr-1216	509	28	statute	statute	NOUN
cblr-1216	509	29	,	,	PUNCT
cblr-1216	509	30	to	to	PART
cblr-1216	509	31	determine	determine	VERB
cblr-1216	509	32	the	the	DET
cblr-1216	509	33	bounds	bound	NOUN
cblr-1216	509	34	of	of	ADP
cblr-1216	509	35	the	the	DET
cblr-1216	509	36	agency	agency	NOUN
cblr-1216	509	37	’s	’s	PART
cblr-1216	509	38	enforcement	enforcement	NOUN
cblr-1216	509	39	power	power	NOUN
cblr-1216	509	40	.	.	PUNCT
cblr-1216	510	1	136	136	NUM
cblr-1216	510	2	robert	robert	PROPN
cblr-1216	510	3	goddard	goddard	PROPN
cblr-1216	510	4	,	,	PUNCT
cblr-1216	510	5	enforcing	enforce	VERB
cblr-1216	510	6	the	the	DET
cblr-1216	510	7	hypothetical	hypothetical	ADJ
cblr-1216	510	8	bargain	bargain	NOUN
cblr-1216	510	9	:	:	PUNCT
cblr-1216	510	10	sections	section	NOUN
cblr-1216	510	11	459461	459461	NUM
cblr-1216	510	12	of	of	ADP
cblr-1216	510	13	the	the	DET
cblr-1216	510	14	companies	company	NOUN
cblr-1216	510	15	act	act	VERB
cblr-1216	510	16	1985	1985	NUM
cblr-1216	510	17	,	,	PUNCT
cblr-1216	510	18	20	20	NUM
cblr-1216	510	19	co.	co.	PROPN
cblr-1216	510	20	law	law	NOUN
cblr-1216	510	21	.	.	PUNCT
cblr-1216	511	1	66	66	NUM
cblr-1216	511	2	,	,	PUNCT
cblr-1216	511	3	67	67	NUM
cblr-1216	511	4	(	(	PUNCT
cblr-1216	511	5	1999	1999	NUM
cblr-1216	511	6	)	)	PUNCT
cblr-1216	511	7	.	.	PUNCT
cblr-1216	512	1	137	137	NUM
cblr-1216	512	2	h.r	h.r	PROPN
cblr-1216	512	3	.	.	PROPN
cblr-1216	512	4	rep	rep	PROPN
cblr-1216	512	5	.	.	PROPN
cblr-1216	512	6	no	no	INTJ
cblr-1216	512	7	.	.	NOUN
cblr-1216	512	8	76	76	NUM
cblr-1216	512	9	-	-	SYM
cblr-1216	512	10	2639	2639	NUM
cblr-1216	512	11	,	,	PUNCT
cblr-1216	512	12	at	at	ADP
cblr-1216	512	13	28	28	NUM
cblr-1216	512	14	(	(	PUNCT
cblr-1216	512	15	1940	1940	NUM
cblr-1216	512	16	)	)	PUNCT
cblr-1216	512	17	.	.	PUNCT
cblr-1216	513	1	nadler_final	nadler_final	ADJ
cblr-1216	513	2	286	286	NUM
cblr-1216	513	3	columbia	columbia	PROPN
cblr-1216	513	4	business	business	NOUN
cblr-1216	513	5	law	law	NOUN
cblr-1216	513	6	review	review	NOUN
cblr-1216	513	7	[	[	X
cblr-1216	513	8	vol	vol	NOUN
cblr-1216	513	9	.	.	PUNCT
cblr-1216	513	10	2018	2018	NUM
cblr-1216	513	11	yet	yet	ADV
cblr-1216	513	12	,	,	PUNCT
cblr-1216	513	13	the	the	DET
cblr-1216	513	14	sec	sec	PROPN
cblr-1216	513	15	can	can	AUX
cblr-1216	513	16	and	and	CCONJ
cblr-1216	513	17	should	should	AUX
cblr-1216	513	18	adopt	adopt	VERB
cblr-1216	513	19	an	an	DET
cblr-1216	513	20	approach	approach	NOUN
cblr-1216	513	21	that	that	PRON
cblr-1216	513	22	takes	take	VERB
cblr-1216	513	23	into	into	ADP
cblr-1216	513	24	account	account	NOUN
cblr-1216	513	25	the	the	DET
cblr-1216	513	26	fact	fact	NOUN
cblr-1216	513	27	that	that	SCONJ
cblr-1216	513	28	enforcement	enforcement	NOUN
cblr-1216	513	29	of	of	ADP
cblr-1216	513	30	this	this	DET
cblr-1216	513	31	federal	federal	ADJ
cblr-1216	513	32	fiduciary	fiduciary	ADJ
cblr-1216	513	33	standard	standard	NOUN
cblr-1216	513	34	is	be	AUX
cblr-1216	513	35	new	new	ADJ
cblr-1216	513	36	to	to	ADP
cblr-1216	513	37	the	the	DET
cblr-1216	513	38	private	private	ADJ
cblr-1216	513	39	equity	equity	NOUN
cblr-1216	513	40	industry	industry	NOUN
cblr-1216	513	41	.	.	PUNCT
cblr-1216	514	1	business	business	NOUN
cblr-1216	514	2	conduct	conduct	NOUN
cblr-1216	514	3	that	that	PRON
cblr-1216	514	4	may	may	AUX
cblr-1216	514	5	be	be	AUX
cblr-1216	514	6	nefarious	nefarious	ADJ
cblr-1216	514	7	in	in	ADP
cblr-1216	514	8	one	one	NUM
cblr-1216	514	9	industry	industry	NOUN
cblr-1216	514	10	may	may	AUX
cblr-1216	514	11	be	be	AUX
cblr-1216	514	12	acceptable	acceptable	ADJ
cblr-1216	514	13	in	in	ADP
cblr-1216	514	14	others	other	NOUN
cblr-1216	514	15	,	,	PUNCT
cblr-1216	514	16	yet	yet	CCONJ
cblr-1216	514	17	the	the	DET
cblr-1216	514	18	orders	order	NOUN
cblr-1216	514	19	to	to	ADP
cblr-1216	514	20	this	this	DET
cblr-1216	514	21	point	point	NOUN
cblr-1216	514	22	have	have	AUX
cblr-1216	514	23	shown	show	VERB
cblr-1216	514	24	no	no	DET
cblr-1216	514	25	nuance	nuance	NOUN
cblr-1216	514	26	or	or	CCONJ
cblr-1216	514	27	legal	legal	ADJ
cblr-1216	514	28	analysis	analysis	NOUN
cblr-1216	514	29	of	of	ADP
cblr-1216	514	30	the	the	DET
cblr-1216	514	31	issues	issue	NOUN
cblr-1216	514	32	.	.	PUNCT
cblr-1216	515	1	this	this	PRON
cblr-1216	515	2	is	be	AUX
cblr-1216	515	3	partially	partially	ADV
cblr-1216	515	4	due	due	ADJ
cblr-1216	515	5	to	to	ADP
cblr-1216	515	6	the	the	DET
cblr-1216	515	7	method	method	NOUN
cblr-1216	515	8	of	of	ADP
cblr-1216	515	9	enforcement	enforcement	NOUN
cblr-1216	515	10	,	,	PUNCT
cblr-1216	515	11	orders	order	NOUN
cblr-1216	515	12	with	with	ADP
cblr-1216	515	13	settlements	settlement	NOUN
cblr-1216	515	14	,	,	PUNCT
cblr-1216	515	15	which	which	PRON
cblr-1216	515	16	does	do	AUX
cblr-1216	515	17	not	not	PART
cblr-1216	515	18	allow	allow	VERB
cblr-1216	515	19	the	the	DET
cblr-1216	515	20	legal	legal	ADJ
cblr-1216	515	21	issues	issue	NOUN
cblr-1216	515	22	to	to	PART
cblr-1216	515	23	be	be	AUX
cblr-1216	515	24	litigated	litigate	VERB
cblr-1216	515	25	and	and	CCONJ
cblr-1216	515	26	debated	debate	VERB
cblr-1216	515	27	on	on	ADP
cblr-1216	515	28	their	their	PRON
cblr-1216	515	29	merits	merit	NOUN
cblr-1216	515	30	.	.	PUNCT
cblr-1216	516	1	yet	yet	ADV
cblr-1216	516	2	,	,	PUNCT
cblr-1216	516	3	without	without	ADP
cblr-1216	516	4	a	a	DET
cblr-1216	516	5	more	more	ADV
cblr-1216	516	6	nuanced	nuanced	ADJ
cblr-1216	516	7	debate	debate	NOUN
cblr-1216	516	8	,	,	PUNCT
cblr-1216	516	9	the	the	DET
cblr-1216	516	10	sec	sec	PROPN
cblr-1216	516	11	will	will	AUX
cblr-1216	516	12	remain	remain	VERB
cblr-1216	516	13	able	able	ADJ
cblr-1216	516	14	to	to	PART
cblr-1216	516	15	cite	cite	VERB
cblr-1216	516	16	one	one	NUM
cblr-1216	516	17	case	case	NOUN
cblr-1216	516	18	that	that	PRON
cblr-1216	516	19	is	be	AUX
cblr-1216	516	20	part	part	NOUN
cblr-1216	516	21	of	of	ADP
cblr-1216	516	22	an	an	DET
cblr-1216	516	23	extremely	extremely	ADV
cblr-1216	516	24	confusing	confusing	ADJ
cblr-1216	516	25	line	line	NOUN
cblr-1216	516	26	of	of	ADP
cblr-1216	516	27	doctrine	doctrine	NOUN
cblr-1216	516	28	in	in	ADP
cblr-1216	516	29	imposing	impose	VERB
cblr-1216	516	30	seven	seven	NUM
cblr-1216	516	31	-	-	PUNCT
cblr-1216	516	32	figure	figure	NOUN
cblr-1216	516	33	fines	fine	NOUN
cblr-1216	516	34	.	.	PUNCT
cblr-1216	517	1	v.	v.	ADP
cblr-1216	517	2	conclusion	conclusion	NOUN
cblr-1216	517	3	while	while	SCONJ
cblr-1216	517	4	in	in	ADP
cblr-1216	517	5	no	no	DET
cblr-1216	517	6	way	way	NOUN
cblr-1216	517	7	exhaustive	exhaustive	ADJ
cblr-1216	517	8	,	,	PUNCT
cblr-1216	517	9	this	this	DET
cblr-1216	517	10	note	note	NOUN
cblr-1216	517	11	has	have	AUX
cblr-1216	517	12	attempted	attempt	VERB
cblr-1216	517	13	to	to	PART
cblr-1216	517	14	expose	expose	VERB
cblr-1216	517	15	a	a	DET
cblr-1216	517	16	problem	problem	NOUN
cblr-1216	517	17	with	with	ADP
cblr-1216	517	18	sec	sec	PROPN
cblr-1216	517	19	enforcement	enforcement	NOUN
cblr-1216	517	20	of	of	ADP
cblr-1216	517	21	the	the	DET
cblr-1216	517	22	federal	federal	ADJ
cblr-1216	517	23	fiduciary	fiduciary	ADJ
cblr-1216	517	24	duty	duty	NOUN
cblr-1216	517	25	in	in	ADP
cblr-1216	517	26	the	the	DET
cblr-1216	517	27	private	private	ADJ
cblr-1216	517	28	equity	equity	NOUN
cblr-1216	517	29	industry	industry	NOUN
cblr-1216	517	30	.	.	PUNCT
cblr-1216	518	1	the	the	DET
cblr-1216	518	2	vagueness	vagueness	NOUN
cblr-1216	518	3	of	of	ADP
cblr-1216	518	4	the	the	DET
cblr-1216	518	5	term	term	NOUN
cblr-1216	518	6	fiduciary	fiduciary	ADJ
cblr-1216	518	7	was	be	AUX
cblr-1216	518	8	best	well	ADV
cblr-1216	518	9	expounded	expound	VERB
cblr-1216	518	10	on	on	ADP
cblr-1216	518	11	by	by	ADP
cblr-1216	518	12	justice	justice	NOUN
cblr-1216	518	13	frankfurter	frankfurter	NOUN
cblr-1216	518	14	:	:	PUNCT
cblr-1216	518	15	“	"	PUNCT
cblr-1216	518	16	but	but	CCONJ
cblr-1216	518	17	to	to	PART
cblr-1216	518	18	say	say	VERB
cblr-1216	518	19	that	that	SCONJ
cblr-1216	518	20	a	a	DET
cblr-1216	518	21	man	man	NOUN
cblr-1216	518	22	is	be	AUX
cblr-1216	518	23	a	a	DET
cblr-1216	518	24	fiduciary	fiduciary	ADJ
cblr-1216	518	25	only	only	ADV
cblr-1216	518	26	begins	begin	VERB
cblr-1216	518	27	analysis	analysis	NOUN
cblr-1216	518	28	;	;	PUNCT
cblr-1216	518	29	it	it	PRON
cblr-1216	518	30	gives	give	VERB
cblr-1216	518	31	direction	direction	NOUN
cblr-1216	518	32	to	to	ADP
cblr-1216	518	33	further	further	ADJ
cblr-1216	518	34	inquiry	inquiry	NOUN
cblr-1216	518	35	.	.	PUNCT
cblr-1216	519	1	to	to	PART
cblr-1216	519	2	whom	whom	PRON
cblr-1216	519	3	is	be	AUX
cblr-1216	519	4	he	he	PRON
cblr-1216	519	5	a	a	DET
cblr-1216	519	6	fiduciary	fiduciary	NOUN
cblr-1216	519	7	?	?	PUNCT
cblr-1216	520	1	what	what	PRON
cblr-1216	520	2	obligations	obligation	NOUN
cblr-1216	520	3	does	do	AUX
cblr-1216	520	4	he	he	PRON
cblr-1216	520	5	owe	owe	VERB
cblr-1216	520	6	as	as	ADP
cblr-1216	520	7	a	a	DET
cblr-1216	520	8	fiduciary	fiduciary	NOUN
cblr-1216	520	9	?	?	PUNCT
cblr-1216	521	1	in	in	ADP
cblr-1216	521	2	what	what	DET
cblr-1216	521	3	respect	respect	NOUN
cblr-1216	521	4	has	have	AUX
cblr-1216	521	5	he	he	PRON
cblr-1216	521	6	failed	fail	VERB
cblr-1216	521	7	to	to	PART
cblr-1216	521	8	discharge	discharge	VERB
cblr-1216	521	9	these	these	DET
cblr-1216	521	10	obligations	obligation	NOUN
cblr-1216	521	11	?	?	PUNCT
cblr-1216	522	1	and	and	CCONJ
cblr-1216	522	2	what	what	PRON
cblr-1216	522	3	are	be	AUX
cblr-1216	522	4	the	the	DET
cblr-1216	522	5	consequences	consequence	NOUN
cblr-1216	522	6	of	of	ADP
cblr-1216	522	7	his	his	PRON
cblr-1216	522	8	deviation	deviation	NOUN
cblr-1216	522	9	from	from	ADP
cblr-1216	522	10	duty?”138	duty?”138	INTJ
cblr-1216	522	11	yet	yet	ADV
cblr-1216	522	12	,	,	PUNCT
cblr-1216	522	13	against	against	ADP
cblr-1216	522	14	this	this	DET
cblr-1216	522	15	backdrop	backdrop	NOUN
cblr-1216	522	16	,	,	PUNCT
cblr-1216	522	17	the	the	DET
cblr-1216	522	18	sec	sec	PROPN
cblr-1216	522	19	has	have	AUX
cblr-1216	522	20	attempted	attempt	VERB
cblr-1216	522	21	to	to	PART
cblr-1216	522	22	apply	apply	VERB
cblr-1216	522	23	standards	standard	NOUN
cblr-1216	522	24	of	of	ADP
cblr-1216	522	25	fiduciary	fiduciary	ADJ
cblr-1216	522	26	duty	duty	NOUN
cblr-1216	522	27	developed	develop	VERB
cblr-1216	522	28	outside	outside	ADP
cblr-1216	522	29	of	of	ADP
cblr-1216	522	30	the	the	DET
cblr-1216	522	31	private	private	ADJ
cblr-1216	522	32	equity	equity	NOUN
cblr-1216	522	33	industry	industry	NOUN
cblr-1216	522	34	without	without	ADP
cblr-1216	522	35	taking	take	VERB
cblr-1216	522	36	account	account	NOUN
cblr-1216	522	37	of	of	ADP
cblr-1216	522	38	differences	difference	NOUN
cblr-1216	522	39	in	in	ADP
cblr-1216	522	40	the	the	DET
cblr-1216	522	41	sophistication	sophistication	NOUN
cblr-1216	522	42	or	or	CCONJ
cblr-1216	522	43	bargaining	bargaining	NOUN
cblr-1216	522	44	power	power	NOUN
cblr-1216	522	45	of	of	ADP
cblr-1216	522	46	the	the	DET
cblr-1216	522	47	respective	respective	ADJ
cblr-1216	522	48	parties	party	NOUN
cblr-1216	522	49	.	.	PUNCT
cblr-1216	523	1	taking	take	VERB
cblr-1216	523	2	lessons	lesson	NOUN
cblr-1216	523	3	from	from	ADP
cblr-1216	523	4	the	the	DET
cblr-1216	523	5	contractarian	contractarian	ADJ
cblr-1216	523	6	approach	approach	NOUN
cblr-1216	523	7	and	and	CCONJ
cblr-1216	523	8	allowing	allow	VERB
cblr-1216	523	9	the	the	DET
cblr-1216	523	10	modification	modification	NOUN
cblr-1216	523	11	or	or	CCONJ
cblr-1216	523	12	waiver	waiver	NOUN
cblr-1216	523	13	of	of	ADP
cblr-1216	523	14	fiduciary	fiduciary	ADJ
cblr-1216	523	15	duties	duty	NOUN
cblr-1216	523	16	would	would	AUX
cblr-1216	523	17	allow	allow	VERB
cblr-1216	523	18	the	the	DET
cblr-1216	523	19	sec	sec	PROPN
cblr-1216	523	20	to	to	PART
cblr-1216	523	21	police	police	VERB
cblr-1216	523	22	the	the	DET
cblr-1216	523	23	industry	industry	NOUN
cblr-1216	523	24	in	in	ADP
cblr-1216	523	25	a	a	DET
cblr-1216	523	26	way	way	NOUN
cblr-1216	523	27	that	that	PRON
cblr-1216	523	28	takes	take	VERB
cblr-1216	523	29	into	into	ADP
cblr-1216	523	30	account	account	NOUN
cblr-1216	523	31	the	the	DET
cblr-1216	523	32	business	business	NOUN
cblr-1216	523	33	realities	reality	NOUN
cblr-1216	523	34	of	of	ADP
cblr-1216	523	35	private	private	ADJ
cblr-1216	523	36	equity	equity	NOUN
cblr-1216	523	37	.	.	PUNCT
cblr-1216	524	1	unique	unique	ADJ
cblr-1216	524	2	incentive	incentive	NOUN
cblr-1216	524	3	structures	structure	NOUN
cblr-1216	524	4	may	may	AUX
cblr-1216	524	5	exist	exist	VERB
cblr-1216	524	6	,	,	PUNCT
cblr-1216	524	7	yet	yet	CCONJ
cblr-1216	524	8	the	the	DET
cblr-1216	524	9	current	current	ADJ
cblr-1216	524	10	enforcement	enforcement	NOUN
cblr-1216	524	11	regime	regime	NOUN
cblr-1216	524	12	has	have	AUX
cblr-1216	524	13	not	not	PART
cblr-1216	524	14	taken	take	VERB
cblr-1216	524	15	this	this	DET
cblr-1216	524	16	possibility	possibility	NOUN
cblr-1216	524	17	into	into	ADP
cblr-1216	524	18	account	account	NOUN
cblr-1216	524	19	.	.	PUNCT
cblr-1216	525	1	this	this	DET
cblr-1216	525	2	note	note	NOUN
cblr-1216	525	3	’s	’s	PART
cblr-1216	525	4	prescriptions	prescription	NOUN
cblr-1216	525	5	offer	offer	VERB
cblr-1216	525	6	the	the	DET
cblr-1216	525	7	possibility	possibility	NOUN
cblr-1216	525	8	of	of	ADP
cblr-1216	525	9	enforcement	enforcement	NOUN
cblr-1216	525	10	that	that	PRON
cblr-1216	525	11	is	be	AUX
cblr-1216	525	12	more	more	ADV
cblr-1216	525	13	accurate	accurate	ADJ
cblr-1216	525	14	and	and	CCONJ
cblr-1216	525	15	realistic	realistic	ADJ
cblr-1216	525	16	,	,	PUNCT
cblr-1216	525	17	garnering	garner	VERB
cblr-1216	525	18	respect	respect	NOUN
cblr-1216	525	19	from	from	ADP
cblr-1216	525	20	the	the	DET
cblr-1216	525	21	industry	industry	NOUN
cblr-1216	525	22	and	and	CCONJ
cblr-1216	525	23	a	a	DET
cblr-1216	525	24	realistic	realistic	ADJ
cblr-1216	525	25	way	way	NOUN
cblr-1216	525	26	to	to	PART
cblr-1216	525	27	deal	deal	VERB
cblr-1216	525	28	with	with	ADP
cblr-1216	525	29	regulation	regulation	NOUN
cblr-1216	525	30	of	of	ADP
cblr-1216	525	31	private	private	ADJ
cblr-1216	525	32	equity	equity	NOUN
cblr-1216	525	33	post	post	NOUN
cblr-1216	525	34	dodd	dodd	PROPN
cblr-1216	525	35	-	-	PUNCT
cblr-1216	525	36	frank	frank	PROPN
cblr-1216	525	37	.	.	PUNCT
cblr-1216	526	1	138	138	NUM
cblr-1216	526	2	sec	sec	PROPN
cblr-1216	526	3	v.	v.	PROPN
cblr-1216	526	4	chenery	chenery	PROPN
cblr-1216	526	5	corp	corp	PROPN
cblr-1216	526	6	.	.	PROPN
cblr-1216	526	7	(	(	PUNCT
cblr-1216	526	8	chenery	chenery	NOUN
cblr-1216	526	9	i	i	PROPN
cblr-1216	526	10	)	)	PUNCT
cblr-1216	526	11	,	,	PUNCT
cblr-1216	526	12	318	318	NUM
cblr-1216	526	13	u.s	u.s	PROPN
cblr-1216	526	14	.	.	PROPN
cblr-1216	526	15	80	80	NUM
cblr-1216	526	16	,	,	PUNCT
cblr-1216	526	17	85–86	85–86	NUM
cblr-1216	526	18	(	(	PUNCT
cblr-1216	526	19	1943	1943	NUM
cblr-1216	526	20	)	)	PUNCT
cblr-1216	526	21	.	.	PUNCT