On November 17, the U.S. Court of Appeals for the Third Circuit, based in Philadelphia, held that noteholders were entitled to payment of an optional redemption premium at the make-whole ...

Industry Update OCIE Director Wyatt Addresses National Society of Compliance Professionals 2016 National Conference SEC Announces Enforcement Results for FY 2016 SEC Releases Statistics ...

Those who are not closely following PHH v. CFPB may not be aware that the panel decision is not final and effective. PHH is the D.C. Circuit decision holding that the current structure of...

Glass Lewis has updated its governance policies for how it evaluates boards and makes recommendations beginning with the 2017 proxy season. Overboarding.  In last year’s update, Glass L...

Right on the heels of the Glass Lewis policy updates, ISS has also issued its updates that will apply to meetings held on or after February 1, 2017. Similar to Glass Lewis, the ISS policy...

On November 18, the SEC’s Division of Corporation Finance published new guidance relating to its 2015 no-action letter on 5-day debt tender and exchange offers, and also provided guidan...

The transition of power from one Administration to another, especially when it involves a change of party, is governed both by law and custom. Both may be changing. In this post, we exami...

President-Elect Trump’s transition website promises to “dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.”  To help our cl...

The Business Roundtable recently issued a paper on Modernizing the Shareholder Proposal Process, focused on improving how shareholder proposals are submitted under Rule 14a-8. The organiz...

This blog post sets out how rollback of the Dodd-Frank Act or its implementing regulations might work. President Elect Trump’s administration and the new Republican majority in Congress...