Corporate & Securities Law
This blawg has up-to-date information on corporate and securities law.
Author: Sheppard Mullin is an 480-attorney law firm with offices in California, New York, Shanghai and Washington, D.C. It also writes Antitrust Law, Bankruptcy and Restructuring, Fashion and Apparel Law, FCC Law, AdBriefs, Intellectual Property Law, Labor and Employment Law and Real Estate and Construction Law.
Blawg Related Categories: Corporate Law • Corporate Compliance • Mergers & Acquisitions • Securities Law • States • California • Law Firm
Recent Posts from Corporate & Securities Law
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IRS Issues Final Regulations Regarding Annual ISO/ESPP Reporting Requirements
The Internal Revenue Service (the "IRS") has issued final regulations regarding the information return and information statement requirements under Section 6039 of the Internal Revenue Code. Section 6039 was amended in 2006 to require corporations…
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Federal Government Fires More Salvos At Executive Compensation
The federal government’s extraordinary multi-pronged attack against executive compensation practices took another step forward, this time with the Federal Reserve Board of Governors (“FRB”) taking aim. On October 22, 2009, the FRB proposed new guidance…
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Second Circuit Reverses Order Disqualifying Defense Counsel In Suit Over Demutualization Of Insurance Company
In Murray v. Metropolitan Life Ins. Co., No. 09-3716-CV, 2009 WL 3080462 (2d Cir. Sept. 29, 2009), the United States Court of Appeals for the Second Circuit reversed an order by the district court disqualifying…
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Ninth Circuit Holds That Absence Of "Upjohn Warning" Does Not Bar Admissibility In Criminal Prosecution Of Statements Elicited By Corporate Counsel During Internal Investigation
In United States v. Ruehle, No. 09-50161, 2009 WL 3152971 (9th Cir. Sept. 30, 2009), the United States Court of Appeals for the Ninth Circuit reversed a controversial decision by the United States District Court…
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California Tax Commission Report
Governor Schwarzenegger established the Commission on the 21st Century Economy (the "Commission") to evaluate and recommend changes to California's tax system. A report of the Commission's findings was published in September 2009. Six recommendations were…
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SEC Signals Proxy Access Rules Not Likely To Be Effective For The 2010 Proxy Season, But It May Adopt Other Proxy And Risk Disclosure Enhancements In Time For 2010
On June 10, 2009, the Securities and Exchange Commission, or the SEC, proposed a comprehensive series of rule amendments to facilitate the rights of shareholders to nominate a minority slate of directors on corporate boards.[1]There…
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Smaller Reporting Companies Given Additional Time to Comply with Auditor Attestation Report on Internal Control over Financial Reporting
On October 2, 2009, the U.S. Securities and Exchange Commission, or the SEC, delayed the requirement for small reporting companies[1] to include in their annual reports an auditor attestation report on internal control over financial…
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DELAWARE SENATE CONFIRMS J. TRAVIS LASTER AS NEWEST MEMBER OF CHANCERY COURT
On September 22, 2009, the Delaware Senate confirmed Wilmington corporate governance litigator J. Travis Laster to become a Vice Chancellor of the Delaware Chancery Court. Laster will replace outgoing Vice Chancellor Stephen Lamb, who retired…
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NEW YORK FEDERAL DISTRICT COURT REJECTS CREDIT RATING AGENCIES' FIRST AMENDMENT DEFENSE
In Abu Dhabi Commercial Bank v. Morgan Stanley & Co., Inc., 2009 WL 2828018 (S.D.N.Y. Sept. 2, 2009), the United States District Court Southern District of New York (Scheindlin, J.) held recently that First Amendment…
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FIRST CIRCUIT HOLDS THAT TAX ACCRUAL WORK PAPERS ARE NOT PROTECTED UNDER THE ATTORNEY WORK PRODUCT DOCTRINE
In United States v. Textron Inc., 2009 WL 2476475 (1st Cir. Aug. 13, 2009), the United States Court of Appeals for the First Circuit held that the attorney work product doctrine only protects documents “prepared…