The Securities and Exchange Commission (SEC) is proposing to amend certain rules that govern beneficial ownership reporting.
A U.S. Appeals Court has struck down a company's bylaw requiring that all shareholder derivative suits be filed in Delaware’s Chancery Court, finding the provision effectively eliminated claims under the Securities Exchange Act of 1934, as amended (the Exchange Act) for which federal courts have exclusive jurisdiction. Seafarers Pension Plan v. Bradway, Case No. 20-2244 (7th Cir. Jan. 7, 2022).
The Securities and Exchange Commission (SEC) recently issued a proposal that would require more detailed and frequent disclosure of issuer share repurchases, often referred to as stock buybacks.
On January 10, 2022, Governor Phil Murphy signed into law a bill (A5549, now L. 2021, c. 362) that permits New Jersey nonprofit corporations to hold members’ meetings in part or solely by means of remote communication, regardless of any state of emergency.
On December 15, 2021, the Securities and Exchange Commission (SEC) proposed for public comment amendments to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (Exchange Act), and new related disclosure requirements. The proposed amendments would, among other things, add new conditions to the availability of the affirmative defense against insider trading liability afforded by the rule and create new disclosure requirements regarding issuers’ insider trading policies,
The regulations implementing the CCPA require that a business verify the identity of a consumer that submits a specific-information access request to a “reasonably high degree of certainty.”
The Financial Industry Regulatory Authority (FINRA) in November 2022 released a targeted exam letter pertaining to communications for crypto products and services.
It has been a long and heated debate as to whether NFTs and certain cryptocurrencies can be deemed as securities under applicable laws and precedents.
In a prior post, we wrote about the importance of reviewing the terms governing the sale of an NFT to determine what rights, if any, are included in the sale in order to commercially exploit the asset associated with the NFT, and the confusion that emerges in interpreting such terms through the lens of copyright law.
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