Corporate partner Douglas Freeman was quoted by Xinhua on Chinese "going private" transactions. "The US public investors' lack of confidence, tightening up of regulatory review and numerous class actions are factors that caused many US-listed Chinese enterprises to go private. Privatization enables a company's senior management to focus again on its core business, which will in turn reduce its costs and risks," said Mr. Freeman. On April 16, Mr. Freeman spoke on a mergermarket panel in Shanghai focused on management buyouts and private equity. Additional coverage of the event was provided by Sina.com, CNTV, Caixin and Yicai.com.