On July 24, 2013, in a controversial ruling in the Sun Capital case, the U.S. Court of Appeals for the First Circuit endorsed the view of the Pension Benefit Guaranty Corporation (PBGC) t...
Articles & Books
Getting the Deal Through – Corporate Governance 2013
This year, we have seen executive compensation issues continue to dominate the global governance agenda, especially in Europe in the wake of the recent Swiss referendum, in which voters a...
Recently, we reminded companies of the upcoming deadlines related to the new listing exchanges’ rules on compensation committees in this client alert. In two separate posts, we talk abo...
As discussed in our previous memo, in January 2013, the SEC approved amendments to the NYSE and Nasdaq listing standards relating to compensation committees and their advisers. Unless the...
The Eurozone crisis and ensuing populist resentment over perceived compensation excesses have given rise to a recent wave of compensation measures and restrictions in Europe. As we explai...
Almost half a decade after the onset of the financial crisis, populist sentiment and the resulting political environment continue to fuel stricter regulation of executive and director com...
In our recent client alert, “Recent Developments in Executive Compensation,” an open question was the fate of Gordon v. Symantec Corp. (and similar cases) after the court denied a pre...
On January 11, 2013, the SEC approved the NYSE and Nasdaq listing standards, as amended, to implement the SEC’s requirement that national securities exchanges prohibit the listing of an...
In the current environment and in the wake of Dodd-Frank mandated rules requiring shareholder advisory votes on executive compensation, shareholder-plaintiffs have more aggressively chall...
On January 4, 2013, the Sixth Circuit denied the U.S. government’s petition for en banc review of its September 2012 decision in United States v. Quality Stores that certain severance p...
