It's not often that I wake to find the mountains behind my house covered with snow. This gelid early morning scene reminded me of the first few lines of Horace's Ode 1.9:
Recent Posts
California law provides that a domestic corporation that fails to pay certain taxes and penalties may have its corporate rights and privileges suspended. Cal. Rev. & Tax. Code § 23301. While suspended, a corporation may not prosecute or defend an...
Last week, James McRitchie submitted an "appeal" of the staff's grant of no-action advice to Whole Foods Market, Inc. As explained in this post by Broc Romanek, Whole Foods was able to obtain that staff's concurrence in excluding Mr. McRitchie's...
Last week when I visited the Shareholder Rights Project's website, I noted that the SRP described itself as "representing and advising five institutional investors, four public pension funds and one foundation". Not being sure what this...
Professor (and former SEC Commissioner) Joseph A. Grundfest and incumbent SEC Commissioner Daniel M. Gallagher have certainly fomented a spirited donnybrook over the Shareholder Rights Project at Harvard. As discussed in this post, they recently...
Earlier this week, the North American Securities Administrators Association (aka NASAA) announced the launch of its Electronic Filing Depository (EFD). The EFD allows issuers to file Form Ds in Rule 506 offerings online. A number of states (but not...
Derivative suits rarely arrive alone. When something goes awry, directors and officers can be expected to see multiple suits based on demand futility as well as wrongful demand refusal. Often, suits will be filed at different times and in different...
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