Dodd-Frank Public Companies and Securities
Longfin, Rule 144 and Affiliate Status
Litigation, Public Companies and Securities The United States District Court for the Southern District of New York recently issued an opinion granting a preliminary injunction with respect to alleged Section 5 violations by certain persons associated with ill-fated Regulation A+ issuer Longfin. More specifically, the preliminary injunction extends until the conclusion of the case an emergency order previously entered by […] Read more →
Yahoo/Altaba Agree to $35 Million SEC Penalty for Failure to Disclose Massive Security Breach
Litigation, Public Companies and Securities In perhaps the SEC’s first major shot across the bow, Yahoo (now known as Altaba) has agreed to pay the SEC $35 million for failure to disclose a massive security breach to its... Read more →
SEC Clarifies Need for GAAP Reconciliations for Forecasts Used in Business Combinations
M&A, Public Companies and Securities The SEC previously noted in a Compliance and Disclosure Interpretation that financial measures included in forecasts provided to a financial advisor and used in connection with a... Read more →
ISS Updates FAQs on U.S. Proxy Voting Research and Policies
Public Companies and Securities ISS has updated its frequently asked questions on U.S. Proxy Voting Research Procedures & Policies (Excluding Compensation-Related). New and updated questions include: When... Read more →