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In a recent bench ruling issued in the Lehman Brothers Chapter 11 proceedings in the Southern District of New York, Bankruptcy Judge James M. Peck held that (i) non-debtor counterparties ...
The SEC’s settlement of In the Matter of Christopher A. Black, announced September 24, is a useful reminder that Reg FD training and compliance programs can be helpful not just for avoi...
The Internal Revenue Service (the “IRS”) has released an internal memorandum (the “Memorandum”), from the Office of Chief Counsel to the Director of Field Operations in Manhattan ...
In response to an outcry of criticism voiced by the public, Congress and regulators, on September 18, 2009, the Securities and Exchange Commission (the “SEC”) proposed to ban the use ...
In a recent decision, Judge Christopher S. Sontchi of the Delaware Bankruptcy Court concluded that “commercially reasonable determinants of value” as referenced in section 562 of the ...
INDUSTRY UPDATE
Changes to New York Law Governing Powers of Attorney Effective September 1, 2009
SEC, CFTC Hold Joint Meetings on Regulatory Harmonization
SEC, FINRA Issue Warning to...
At a meeting of the Board of Directors of the FDIC on August 26, 2009, the FDIC adopted a Final Statement of Policy on Qualifications for Failed Bank Acquisitions. The final policy statem...
On August 28, 2009, the staff (the “Staff”) of the Division of Trading and Markets of the Securities and Exchange Commission released updates to its Regulation SHO FAQs, providing gui...
The federal antitrust regulators, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) continue to focus their enforcement efforts ...
In a ruling issued last week, Bankruptcy Judge Allan L. Gropper of the Southern District of New York denied motions to dismiss the Chapter 11 cases of certain “bankruptcy-remote” spec...