Readers may recall that last December Whole Foods Market, Inc. had secured the SEC staff’s concurrence in excluding a shareholder access proposal submitted by Jim McRitchie. Then, SEC Chair Mary Jo White directed the staff "to review the rule...
Recent Posts
Last week, the Securities and Exchange Commission announced that it is proposing new rules requiring "disclosure about whether directors, officers and other employees are permitted to hedge or offset any decrease in the market value of equity...
Since 2003, the California Attorney General has been required to maintain "a whistleblower hotline to receive calls from persons who have information regarding possible violations of state or federal statutes, rules, or regulations, or violations of...
Yesterday, Broc Romanek wrote about the joint dissent issued by Commissioners Daniel M. Gallagher and Michael S. Piwowar with respect to the Commission's recent adoption of Regulation SBSR which requires regulatory reporting of security-based swap...
The Investment Committee of CalPERS' Board of Administration will meet next Tuesday. The committee, which is comprised of all 13 members of the Board of Administration, is responsible for, among other things, investment strategies and policies. On...
Last April, I warned that October 1, 2014 would be a critical day for directors of Nevada corporations. See Why October 1, 2014 Is An Important Date For Management Persons Of Nevada Entities. Now, we have a case giving proof to my warning. Advanced...
The California Revised Uniform Limited Liability Company Act (RULLCA), which took effect on January 1 of last year, is fraught with drafting mysteries. Why, for example, did the legislature deem it necessary to change the default rules with respect...
To someone who is not familiar with the English language, many words must seem bizarre. One such word, is "chairman". Does this refer to a chair made into a man or a man made from a chair? What should be made of a law that solemnly proclaims "All...
In an opinion issued yesterday, the Nevada Supreme Court considered whether a Nevada client had made the requisite prima facie showing of personal jurisdiction over its erstwhile Texas-based law firm. Fulbright & Jaworski LLP v. Eighth Jud. Dist. Ct.
