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While still early in the season, two ESG proposals have passed, in an unusual level of support for those types of resolutions.
A proposal from Amalgamated Bank to enhance board diversity ...
On April 4, 2016, the Internal Revenue Service (the “IRS”) and the Treasury Department (“Treasury”) issued (i) final and temporary regulations addressing inversion transactions (t...
The Internal Revenue Service (the “IRS”) and the Treasury Department (“Treasury”) on April 4, 2016 released proposed regulations under Section 385 of the Internal Revenue Code tha...
The SEC has published a proposed Nasdaq listing standard for public comment. Comments are due 21 days after publication in the Federal Register, which occurred yesterday.
If adopted, effe...
Yesterday, the U.S. Department of Justice brought a civil action against ValueAct for failing to comply with the waiting period requirements under the Hart-Scott-Rodino Antitrust Improvem...
Since the SEC staff substantially narrowed the use of Rule 14a-8(i)(9) as a basis to exclude shareholder proposals in Staff Legal Bulletin 14H back in October 2015, which we previously di...
Unanimous panel affirms dismissals of two actions brought by creditors seeking to avoid transactions through an end run around Section 546
In a final opinion dated March 29, 2016, the Sec...
SEC Rules and Regulations
SEC Extends Comment Period on Proposed Rule and Concept Release on Transfer Agent Regulations
SEC Staff Grants No-Action Relief Allowing Use of Rule 486(b) to F...
CII issued a recent policy statement focused on newly public companies, prompted by concerns about high-profile IPOs using dual-class shares. In 2015, dual-class IPOs raised twice as muc...
During the past week, there have been a number of news reports regarding Bloomberg’s analysis that since 2011, only seven of the 174 people nominated to boards by five of the largest U....