The SEC has stayed the effect of newly adopted proxy access Rule 14a-11 and the related amendments to the Commission’s rules, including the amendment to Rule 14a-8, pending resolution o...
In the few years before the credit crisis, financial buyers often arranged to buy businesses in deals that required a termination fee to be paid by the sponsor if the shell-company buyer ...
The SEC’s new proxy access rules, announced on August 25, 2010, finally appeared in the Federal Register today, which means they will be effective as of November 15, 2010.
Proxy access will be a reality beginning in the 2011 proxy season. The SEC’s new Rule 14a-11 will enable long-term substantial shareholders, acting alone or in concert, to nominate cand...
As expected, the SEC voted today to adopt mandatory proxy access for all U.S. public companies. Under the new rule, any shareholder or group of shareholders holding at least 3% of a comp...
The following slides show the effective dates for various agency rulemakings required, and statutory amendments made, by the Dodd-Frank Wall Street Reform and Consumer Protection Act, ena...
With the President’s signature on July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“the Act”) is law of the land. The Act marks the greatest legislative...
Private equity funds have been looking increasingly to the public markets for investment opportunities. In fact, the number of going private transactions with private equity funds in the ...
The following chart compares the provisions of the Restoring American Financial Stability Act of 2010, passed by the Senate on May 20, 2010, and the Wall Street Reform and Consumer Protec...
In a recent Delaware decision issued in In re CNX Gas Corp. Shareholders Litigation, C.A. No. 5377-VCL (Del Ch. May 25, 2010), Vice Chancellor Travis Laster imposed additional requirement...
