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

Draft Financial Choice Act 2.0 Prohibits Universal Proxy and Restricts Shareholder Proposals

US Capitol Building

Public Companies and Securities The House Financial Services Committee has released a discussion draft of a revised Financial Choice Act. The Committee will hold a hearing on the Act on April 26, 2017. Section 845 of the Act would prohibit the SEC from requiring the use of a universal proxy. It states “The Commission may not require that a […] Read more →

by   |   April 20, 2017

FTC Announces Regulatory Reform Process

Consumer Protection, M&A, Trump The FTC explained it was undertaking the following regulatory reform steps in a press release: New groups within the Bureau of Competition and the Bureau of Consumer Protection... Read more →

by   |   April 17, 2017

Corwin Stops Litigation Where Deal Protection Measures are not Preclusive

Litigation, M&A In Re Paramount Gold And Silver Corp. Stockholders Litigation examines the interaction of Corwin, Unocal and deal protection measures.  At issue was a Merger Agreement which... Read more →

by   |   April 17, 2017

Enforcement Sweep Snares Issuers for Paid Stock Promotions

Litigation, Public Companies and Securities The SEC announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading... Read more →

by   |   April 10, 2017

SEC Staff Relaxes Conflict Minerals Reporting

Public Companies and Securities Effective immediately, the SEC staff has relaxed conflict minerals reporting requirements by public companies. The change was triggered by the entry of a final judgment in the... Read more →

by   |   April 7, 2017

Equity Grants to Directors Subject to Business Judgment Review as a Result of Specific Plan Limits

Employment, Executive Compensation, Litigation, Public Companies and Securities The Delaware Court of Chancery examined equity grants to directors in In Re Investors Bancorp, Inc. Stockholder Litigation.  The equity incentive plan, or EIP, at issue included... Read more →

by   |   April 5, 2017

Court Enters Final Judgment in Conflict Minerals Case

Public Companies and Securities The United States District Court for the District of Columbia has entered a final judgment in the conflict minerals case. The final judgment is identical to the proposed judgment... Read more →

by   |   April 3, 2017

Stockholder Vote Fails Corwin Test

M&A In Re Saba Software, Inc. Stockholder Litigation considered whether a stockholder vote satisfied the Corwin test for a full informed, uncoerced vote to determine if the shift to... Read more →

by   |   April 2, 2017

Read the New Rules before You Make Your Next SEC Filing

Public Companies and Securities The SEC has issued final rules that reflect self-executing provisions of the JOBS Act. Because they were self-executing provisions of the JOBS Act, they do not change existing... Read more →

by   |   April 1, 2017