Latest Dodd-Frank Posts
Revenue Recognition Representations for M&A and Underwriting Agreements
Public Companies and Securities Some have suggested that the FASB’s new revenue recognition standard will result in particularized representations in M&A, underwriting and loan documents. It’s easy to argue it’s not necessary and is covered by the standard representation such as “The Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the period […] Read more →
Delaware Supreme Court Scolds Special Committee Member that Joins Law Firm
Litigation, M&A The Delaware Supreme Court upheld the Chancery Court decision in Chester County Retirement Systems v. Collins et al. In so doing, it noted one troubling aspect of the record as... Read more →
Faulty New Computer System Results in SEC Bringing MD&A Related Charges
Litigation, Public Companies and Securities The SEC recently brought charges against the CEO and CFO of UTi Worldwide Inc. in a settled enforcement proceeding. The Company was engaged in multinational freight forwarding... Read more →
SEC Charges Chief Compliance Officer with AML Violations
Broker-Dealer, Litigation The SEC announced that John David Telfer, the former chief compliance officer and anti-money laundering (AML) officer of a registered broker-dealer, agreed to a securities... Read more →