3,814 results found

On January 6, 2016, the SEC's Division of Investment Management published regulatory guidance and tackled the issue of how mutual funds...

Directors and officers of companies in financial distress face complex responsibilities and challenges. Indeed, managing a company on the brink of insolvency is often uncharted territory for its leadership. When confronted with such challenges, adherence to fiduciary duties is crucial to ensure responsible governance and minimize the risk of litigation or personal liability.

A paper to be published soon in the University of Southern California Law Review, "The Rise of Bankruptcy Directors," is sharply critical of the increased use of supposedly "independent directors"...

Court of Chancery Rule 60(b) allows a party to seek vacatur of a memorandum opinion or an order, under the "interests of justice" when events beyond such party's control thwarts their ability to appeal such underlying judgment.

The professional dress code may have changed over the years, but the importance of dressing the part has not.

California is the first state to codify boardroom gender diversity requirements. On September 30, 2018, California Governor Jerry Brown signed into law Senate Bill 826, which requires publicly traded

In this Black History Month episode of Littler Celebrates, Melissa Ackie, shareholder in Littler's Austin office...

The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") issued a staff advisory that clarified the necessary elements of reporting line requirements for Chief Compliance Officers under CFTC Rule 3.3.

A Florida federal district court has held that an insurer is entitled to rescind a directors and officers (D&O) policy it issued to its insured due to the insured's misrepresentation...

Best Buy’s founder and chairman, Richard Shulze, was caused to step down after an internal probe revealed he knew CEO Brian Dunn had a relationship with a 29 year old subordinate and failed to report it to the Board.

On December 3, 2015, the United States Government Accountability Office (GAO) published its report analyzing the history of gender diversity of U.S. corporate boards...

On September 10, 2014, the Securities and Exchange Commission (SEC) announced charges against 28 officers, directors, and major stockholders of public companies for violating Section 16(a) and/or Section 13(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act).

Enacted in 2020, AB 979 requires publicly held domestic or foreign corporations having their principal executive offices in California to have specified minimum numbers of directors from "underrepresented communities".

The recent decision of Park Employees and Retirement Board Employees' Annuity and Benefit Fund of Chicago v. Smith, C.A. No. 11000-VCG presents an interesting question...

May 21, 2021 – Over the last week, the Federal Reserve extended a rule modification allowing certain bank directors and shareholders to apply for Paycheck Protection Program loans...

In a first-of-its kind enforcement action, the SEC fined an alternative data provider for the mobile app industry and its former CEO for misrepresentations and misuse of confidential data.

On October 3, 2017, the National Association of Corporate Directors (NACD) published the NACD Blue Ribbon Commission Report on Culture as a Corporate Asset ...

On October 26, 2016, the US Securities and Exchange Commission voted to propose amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees.