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

Court Finds Fraud Carve Out Ambiguous in Stock Purchase Agreement

M&A In EMSI Acquisition, Inc., v. Contrarian Funds, LLC et al, the Delaware Court of Chancery examined a fraud carve out from an indemnification cap and an action for confirmation of an auditors award on a purchase price adjustment. The Plaintiff alleged the Company’s financial statements were manipulated. The Sellers were mostly non-management personnel that did […] Read more →

by   |   May 4, 2017

CFTC Requests Public Input on Simplifying Rules

Derivatives The CFTC voted to seek public input on simplifying and modernizing the Commission’s rules. The action is part of an initiative which has been dubbed “Project KISS.”... Read more →

by   |   May 4, 2017

Understanding the New Lease Accounting Rules

Public Companies and Securities The new lease accounting rules (Accounting Standards Update N0. 2016-02; Topic 842) will require the recognition of lease assets and lease liabilities for those leases classified... Read more →

by   |   May 3, 2017

CFTC Proposes Amendments to Chief Compliance Officer Duties and Annual Reports

Derivatives The CFTC is proposing to amend its regulations regarding certain duties of chief compliance officers, or CCOs, of swap dealers, major swap participants and futures commission... Read more →

by   |   May 3, 2017

GAO Reports on 2015 Conflict Minerals Form SDs

Public Companies and Securities GAO released an analysis of a generalizable sample of conflict minerals disclosures filed with SEC in 2015. The analysis found that an estimated 49 percent of companies in 2015... Read more →

by   |   April 28, 2017

Drafting Contracts under the New Revenue Recognition Standard

Public Companies and Securities The new revenue recognition standards under GAAP (Accounting Standards Update 2014-09; Topic 606) will be applicable to public companies for annual reporting periods beginning... Read more →

by   |   April 27, 2017

Fed Assesses First Penalty for Volcker Rule Violation

Banking The Board of Governors of the Federal Reserve System has assessed its first penalty for violation of the Volcker Rule against Deutsche Bank AG. The Volker Rule required Deutsche... Read more →

by   |   April 27, 2017

Shareholder Seeks to Block Amendment to Intel Stock Plan

Executive Compensation, Litigation, Public Companies and Securities A shareholder of Intel Corporation has filed a complaint in the United States District Court for the Southern District of New York. The shareholder seeks a preliminary and... Read more →

by   |   April 26, 2017

Trump Prevents FSOC Designations and Bank Liquidations

Banking In a Presidential Memorandum, President Trump directed the Secretary of the Treasury, as a member of the Financial Stability Oversight Council, not to cast a nonemergency vote to... Read more →

by   |   April 22, 2017