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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

Proxy Access – Week of May 24

governance

Public Companies and Securities During the week of May 24, 2015, 8-Ks were filed that disclosed three shareholder sponsored proxy access proposals passed and five failed.  All required three percent ownership for three years and all were opposed by the company.  Details are as follows (percentages are based on the total of votes cast for and against): AvalonBay Communities, […] Read more →

by   |   May 29, 2015

Exercising Registration Rights Did Not Violate Fiduciary Duties

Litigation, Public Companies and Securities Molycorp, Inc. is a publically traded Delaware corporation engaged in a the production and sale of rare earth oxides.  Private equity investors held 44% of Molycorp’s stock,... Read more →

by   |   May 28, 2015

Scale and Gavel

Montana Joins Massachusetts in Regulation A+ Challenge

Litigation, Public Companies and Securities Montana has joined Massachusetts in a challenge to Regulation A+ adopted pursuant to the JOBS Act.  You can see the scheduling order here.  The Montana and Massachusetts cases... Read more →

by   |   May 27, 2015

CFTC logo4

CFTC Issues Final Interpretation on Forward Contracts with Embedded Volumetric Optionality

Derivatives, Energy Recently, the CFTC published a final interpretation clarifying its seven-element test regarding forward contracts with embedded volumetric optionality (EVO). The final... Read more →

by   |   May 26, 2015

JOBS-Act-Before-After

Massachusetts Moves to Block Regulation A+

Litigation, Public Companies and Securities The Secretary of the Commonwealth of Massachusetts has filed a petition for review of Regulation A+.  The Secretary is asking that the rule be vacated because it is arbitrary,... Read more →

by   |   May 26, 2015

job creation just ahead

SEC Updates EDGAR for Regulation A+

Public Companies and Securities The SEC has updated its EDGAR Filer Manual to document changes being made to accommodate Regulation A+ under the JOBS Act. EDGAR will be updated to add Regulation A submission... Read more →

by   |   May 26, 2015

Quinlivan.Stephen.web

Proxy Access – Week of May 17 – The Trend Is Less Clear

Public Companies and Securities During the week of May 17, 2015, 8-Ks were filed that disclosed six shareholder sponsored proxy access proposals passed and five failed.  All required three percent ownership for... Read more →

by   |   May 22, 2015

bad actor

And Now Bad Actor Waivers for Forward-Looking Statements

Litigation, Public Companies and Securities The Securities Act (Section 27A(b)) and the Exchange Act (Section 21E(b)) exclude reliance on the safe harbor for forward-looking statements if, among other things, the... Read more →

by   |   May 21, 2015

SEC logo

Does the SEC Want Issuers to Self-Report Everything?

Litigation, Public Companies and Securities Andrew Ceresney, Director, SEC Division of Enforcement delivered remarks at a conference where he addressed the SEC’s cooperation program.  Much of the focus was on the... Read more →

by   |   May 20, 2015