SEC staff drops support for near-term adoption of IFRS *

USA - July 25 2012
On July 13, 2012, the Staff of the U.S. Securities and Exchange Commission (SEC) issued its Final Report on the Work Plan for consideration of incorporating International Financial Reporting Standards into the U.S. financial reporting system.

Co-authors: Robert N. Rapp.

Ohio Supreme Court affirms right of corporate directors to advancement of legal expenses to defend against claims by the corporation *

USA - July 13 2012
The Ohio Supreme Court recently confirmed that corporations are required under the Ohio Revised Code to advance legal expenses to directors involved in legal proceedings, even if those proceedings involve allegations by the corporation that the director engaged in wrongdoing.

Co-authors: Fritz E. Berckmueller, Mitchell G. Blair.

FINRA allows all public arbitration panels *

USA - February 21 2011
On February 1, 2011, the Financial Industry Regulatory Authority (FINRA) amended its Code of Arbitration Procedure for cases brought against brokerage firms and their associated persons by their customers.

Co-authors: Robert N. Rapp.