On July 15, 2009 the Obama administration proposed legislation titled Private Fund Investment Advisers Registration Act of 2009 (the Proposed Legislation), which, if enacted as proposed, would require registration with the Securities and Exchange Commission (SEC) by investment advisers to private funds with assets under management of $30 million or more.

There are a number of legitimate reasons for an issuer of publicly traded equity securities to repurchase those securities.

On October 30, the Institutional Limited Partners Association (ILPA), an organization with more than 525 member institutions representing over $2 trillion USD...

Recently, the Delaware Chancery Court issued a preliminary injunction blocking the closing of a merger until corrective disclosures were made on three issues in the corporation’s proxy statement.

The United States Supreme Court has given corporate America a powerful shield against excessive court awards by effectively limiting punitive damages awards to a single-digit multiple of compensatory damages.

The Canadian M&A markets have remained active in 2018, with private equity investors taking advantage of strong market conditions

Investment in the U.S. is shaped not only by valuation and expected returns but also by the regulatory policies that impact and, in some cases, restrict the deployment of capital to U.S. businesses.

On May 22, 2009, the chairman of the U.S. Securities and Exchange Commission outlined measures that were designed to strengthen the Commission's internal compliance program with respect to inappropriate employee securities trading.

Sweeping away more than 40 years of lower court precedent, the U.S. Supreme Court concluded in Morrison v. National Australia Bank Ltd. that § 10(b) of the Securities Exchange Act of 1934 (Exchange Act) does not apply extraterritorially.

What’s wrong with stock option backdating? The short answer is that there is nothing wrong with backdating stock options if appropriate procedures are followed and the transactions are properly accounted for and disclosed.

An important Second Circuit Court decision that secured lenders and strategic investors should take note of has rejected the commonly used insolvency tactic of "gifting" – the transferring of rights or interests by a senior creditor to a junior creditor to gain support for a proposed reorganization plan.

The District Court for the Southern District of New York has released an important decision holding that isolated genes cannot be patented under U.S. law.

In this video, Brigitte Goulard and Konata Lake provide a brief introduction to the series followed by a discussion on developments that are happening in the Canadian fintech space.

On August 4, the Securities and Exchange Commission (SEC) charged General Electric Company (GE) with fraud and multiple violations of the federal securities laws (FSLs) in a civil action that GE has agreed to settle by paying a $50 million penalty and consenting to the entering of an order permanently enjoining the company from violating the antifraud, reporting, record-keeping and internal control provisions of the FSLs.

This past year has featured a diverse range of consequential, precedent-setting insolvency disputes across various industries, reflecting both the breadth of challenges facing Canadian businesses...

On December 4, the Supreme Court released its decision on three related securities class action appeals...

On September 23, 2009, the Equal Employment Opportunity Commission (EEOC) published a notice of proposed revisions to the Americans with Disabilities Act (ADA) regulations to bring these regulations into compliance with the ADA Amendments Act of 2008, as directed by Congress.

The Hedge Fund Transparency Act would require many private equity funds, hedge funds and other investing entities (including those formed in Canada) with equity holders in the United States to register with the Securities and Exchange Commission and be subject to other disclosure in order to avoid being required to become registered investment companies in the United States.

Are we at a moment of transition? Torys partner Cornell Wright and Chair Robert Prichard share their executive-level perspectives on how boards and management are working together to help their organizations emerge from the pandemic.

An important decision of the U.S. District Court for the Eastern District of Washington (<I>Pakootas v. Teck Cominco Metals, Ltd.) </I>could extend the reach of U.S. environmental law to Canadian companies that are alleged to have caused pollution in the United States – even when a company’s activities take place wholly within Canada and are subject to Canadian regulatory oversight.