Dodd-Frank Public Companies and Securities
Still Looking for the First CAM
Public Companies and Securities I have been looking for the first real CAM and so far I haven’t found it. I’ve seen some dancing around the edges, like foreign auditors throwing in boiler plate going concern language under the heading “Critical Audit Matters” and some smaller domestic audit firms stating they did not find any CAMs. So far my […] Read more →
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... 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 →