Dodd-Frank Public Companies and Securities
Court Declines to Approve Settlement in Director Pay Suit
Employment, Executive Compensation, Litigation, Public Companies and Securities In Stein v. Blankfein et al the Delaware Court of Chancery considered a proposed settlement of litigation against directors of Goldman Sachs. The related complaint contained two counts for derivative relief for breach of fiduciary duties related to the payment of excessive compensation awards to non-employee directors and issuing stock-based awards that were void because […] Read more →
SEC Approves Revised Nasdaq Rule for Shareholder Approval of Private Placements
Public Companies and Securities The SEC has approved an amendment to Nasdaq Rule 5635(d) to modify the circumstances in which shareholder approval is required for issuances of securities in private placement... Read more →
Elon Musk, Twitter and Disclosure Controls and Procedures
Public Companies and Securities In perhaps the fastest moving SEC enforcement action of all time, the SEC charged Elon Musk with securities fraud on September 27, 2018 after settlement agreements reportedly fell... Read more →
ISS Issues FAQs on GICS Code 5020 Implementation
Executive Compensation, Public Companies and Securities On September 28, 2018, S&P Dow Jones Indices and MSCI, Inc. will introduce a new grouping to their Global Industry Classification Standard (GICS) system. This new... Read more →