Dodd-Frank Litigation
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 follows: The plaintiff’s complaint pointed out the failure of the target to the merger to disclose that the chairman of its special committee was considering […] 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 →
Shareholder Dismisses Case with Prejudice that Sought to Block Amendment to Intel Stock Plan
Employment, Executive Compensation, Litigation, Public Companies and Securities As we noted here, a shareholder of Intel sought a preliminary and permanent injunction and any other appropriate relief with respect to a stockholder vote to approve the amendment... Read more →