Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Litigation

Obligations Under Earn-Outs Are Limited to What the Words Say

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Litigation, M&A, Private Equity, Uncategorized The stockholders of Cyveillance, Inc., sold their company for $40 million up-front and a $40 million earn-out if the company’s revenues reached a certain level. Section 5.4 of the merger agreement prohibited the buyer from “tak[ing] any action to divert or defer [revenue] with the intent of reducing or limiting the Earn-Out Payment.” When the […] Read more →

by   |   April 26, 2015

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Not Necessary to “Boil the Ocean” in FCPA Internal Investigations

Litigation, Public Companies and Securities Assistant Attorney General Leslie R. Caldwell recently gave her views on the proper scope of internal investigations regarding FCPA matters.  In her views she noted: Although we... Read more →

by   |   April 20, 2015

enforcement

Dodd-Frank Anti-Spoofing Statute Not Void for Vagueness For High Frequency Trader

Derivatives, Litigation In United States v. Coscia, the District Court for the Northern District of Illinois Eastern Division declined to dismiss an indictment for “spoofing” against a high... Read more →

by   |   April 18, 2015

whistleblower

SEC Finds Confidentiality Agreements Violates Whistleblower Rules

Employment, Litigation, Public Companies and Securities The SEC announced its first enforcement action against a company for using improperly restrictive language in confidentiality agreements with the potential to stifle the... Read more →

by   |   April 1, 2015