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Today, the IRS released guidance that provides significant relief to persons considering the extent to which they need to submit a Report of Foreign Bank and Financial Accounts (an “FBA...
The Treasury Department has released proposed regulations that would provide some relief to filers attempting to determine their obligations under the rules regarding the Report of Foreig...
In a recent Second Circuit decision, Law Debenture Trust Co. of New York v. Maverick Tube Corp and Tenaris S.A., the court rejected the plaintiff’s argument that a reference to “a cla...
As we have previously discussed, the Securities and Exchange Commission (“SEC”) recently issued guidelines for assessing individual cooperation in investigations and enforcement actio...
At an open meeting on February 24, 2010, the Securities and Exchange Commission adopted a new short sale price test by a 3-2 vote. Commissioners Casey and Paredes opposed the rule in forc...
In January 2009, we published our memorandum, Environmental Disclosure in SEC Filings - 2009. 1 That memorandum summarized in detail the various rules, standards and case law relating to ...
As we have previously discussed, the Securities and Exchange Commission (“SEC”) Director of Enforcement Robert Khuzami recently unveiled new tools designed to help the SEC Staff accel...
Industry Update
President Obama Proposes Significant Limits for Financial Institutions
Developments Regarding the Directive on Alternative Investment Fund Managers
Joint Forum Study ...
On January 21, 2010, the U.S. Department of Justice, Antitrust Division (“DOJ”) announced that it had settled an action against Smithfield Foods, Inc. (“Smithfield”) and Premium S...
On January 4, 2010, the Financial Industry Regulatory Authority (“FINRA”) proposed for public comment new rules (the “Proposed Rules”) that would govern FINRA’s New Membership A...