Court Decision May Slow SEC Approval of SRO Rules
Litigation, Public Companies and Securities The SEC must generally approve rules and rule changes by self-regulatory organizations, which are referred to as SROs. According to this SEC web page, there are 37 active SROs. The volume of rule filings submitted for approval is high. In 2016, the NYSE alone made 91 rule filings. Whether or not you agree with the […] Read more →
Another Working Capital Claim Fails in Delaware Because of Liability Limitations
Litigation, M&A In Chicago Bridge & Iron Co. N.V. v. Westinghouse Electric Co. LLC, the Delaware Court of Chancery declined to permit the purchaser of a business to recover a working capital... Read more →
Court Considers Fiduciary Duties in Merger under Minnesota Law
Litigation, M&A The United States District Court for the District of Minnesota considered the application of the fiduciary duties of directors in the context of a merger under the Minnesota... Read more →
Survey of 2016 Conflict Minerals Filings Released
Public Companies and Securities Development International has released its annual survey of conflict minerals reports for the 2016 reporting period which were filed in 2017. Despite the SEC’s no action... Read more →