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

Issuers Seek to Exclude Images from Shareholder Proposals Under SLB 14I

Public Companies and Securities Among other things, SEC Staff Legal Bulleting No. 14I provides guidance on excluding images from shareholder proposals. SLB14I provides the Division of Corporation Finance’s view that, consistent with recent no-action letter precedent, the use of images or graphs in shareholder proposals is appropriate. However, SLB14I simultaneously invites issuers to seek exclusion of graphs and/or images […] Read more →

by   |   December 18, 2017

ISS Updates FAQs for 2018 Proxy Season

Employment, Executive Compensation, Public Companies and Securities ISS has published updates of the following documents: U.S. Equity Compensation Plans – Frequently Asked Questions U.S. Compensation Policies – Frequently Asked Questions... Read more →

by   |   December 15, 2017

Delaware Supreme Court Reverses Dell Appraisal Decision

M&A The Delaware Supreme Court has reversed the Court of Chancery’s appraisal decision in Dell, Inc. v. Magnestar Global Event Driven Master Fund Ltd. et al.  The Chancery Court... Read more →

by   |   December 14, 2017

Director Discretionary Compensation Awards Tested by Entire Fairness Standard According to Delaware Supreme Court

Employment, Executive Compensation, Litigation, Public Companies and Securities In a recent decision by the Delaware Supreme Court in In re Investors Bancorp Stockholders Litigation, the court found that director equity grants based on director discretion are... Read more →

by , and   |   December 14, 2017

NYSE Proposes to Modify Rules Regarding Delivery of Proxy Materials to Exchange

Public Companies and Securities The NYSE has filed a proposed rule with the SEC to amend the NYSE Listed Company Manual to modify requirements with respect to delivery of proxy materials to the NYSE.  Currently... Read more →

by   |   December 13, 2017

SEC Brings Enforcement Action for Inadequately Documented Perks but Does Not Impose Penalty

Litigation, Public Companies and Securities The SEC charged a biopharmaceutical company with committing a series of accounting controls and disclosure violations, including the failure to properly report as compensation... Read more →

by   |   December 12, 2017

SEC Halts Initial Coin Offering; Chair Clayton Speaks

Public Companies and Securities Munchee Inc., a California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO)... Read more →

by   |   December 11, 2017

U.S. House of Representatives Acts To Codify Registration Exemption for M&A Brokers

Broker-Dealer, M&A On December 7, 2017, the U.S. House of Representatives passed the “Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017 (H.R. 477).” The... Read more →

by   |   December 10, 2017

SEC Approves Revised NYSE Material News Release Rule

Public Companies and Securities The SEC has approved the NYSE’s proposal to amend Section 202.06 of the Listed Company Manual to prohibit listed companies from issuing material news after the official closing... Read more →

by   |   December 6, 2017