Duties of directors of Delaware corporations with overseas assets or operations *

USA - March 27 2013
Chancellor Strine of the Delaware Chancery Court issued a bench ruling on February 6, 2013 in the case of In re Puda Coal, Inc. Stockholders…

---

SEC awards bounty under Dodd-Frank whistleblower provisions *

USA - August 28 2012
On August 21, 2012, the Securities and Exchange Commission announced its first award to a whistleblower under the DoddFrank Acts bounty program

Co-authors: Christopher F. Robertson.

---

Directors protected from risk monitoring liability *

USA - April 19 2012
Last week, Goldman Sachs agreed to pay $22 million to regulators to resolve claims that the firm had inadequate policies in place to prevent analysts from sharing nonpublic information with traders. 

Co-authors: Charles M. Modlin.

---

SEC adopts new net worth standard for accredited investors *

USA - January 4 2012
On December 21, 2011, the Securities and Exchange Commission (the “Commission”) adopted a final rule (the “Rule”) to exclude the value of a person’s home for purposes of determining whether his or her net worth, individually or together with their spouse, exceeds $1 million, and would therefore qualify as an “accredited investor.”

Co-authors: Blake Hornick , Elaine Hawthorne Tippitt , Gregory M. Sale .

---

Flawed special committee process results in $1.26 billion judgment *

USA - November 30 2011
The Delaware Chancery Court's recent decision in In re Southern Peru Copper Corporation Shareholder Derivative Litigation highlights the importance of special committees' role in assuring that directors meet the rigorous "entire fairness" test when board conduct is challenged.

---