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 Blog

SEC Tells How to Fix the Faulty Initial Coin Offering

Stacks of Coins

Litigation, Public Companies and Securities The SEC simultaneously announced a pair of settled enforcement actions related to illegally offered ICOs with extensive remedial provisions to fix the faulty offerings. You can find the enforcement actions here (Airfax) and here (Paragon). The first step is to issue a press release stating you are going to offer to give everyone their money back. […] Read more →

by   |   November 17, 2018

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... Read more →

by   |   November 14, 2018

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 →

by   |   October 24, 2018

Chancery Describes Commercially Reasonable Efforts

M&A, Private Equity Akorn, Inc., v. Fresenius Kabi AG et al will undoubtedly become known as the first case where a Delaware court found a material adverse effect, or MAC (often referred to as a... Read more →

by   |   October 11, 2018

US Capitol Building

Treasury Releases Interim Regulations for FIRRMA Pilot Program

M&A, Private Equity The U.S. Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), today issued temporary regulations in connection with the... Read more →

by   |   October 10, 2018

How to Read a MAC / MAE Clause

Litigation, M&A Akorn, Inc., v. Fresenius Kabi AG et al will undoubtedly become known as the first case where a Delaware court found a material adverse effect, or MAC (often referred to as a... Read more →

by   |   October 7, 2018

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 →

by   |   September 30, 2018

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 →

by   |   September 29, 2018

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 →

by   |   September 27, 2018