No pre-signing auction necessarily required to satisfy Revlon duties *

USA - May 29 2012
Revlon duties require directors of Delaware companies to seek the highest value reasonably available to shareholders in connection with a sale of control.

Co-authors: Marc A. Alpert.

SEC staff continues to focus on litigation contingency disclosure *

USA - January 31 2012
In 2011, the staff of the Securities and Exchange Commission (“SEC”) zeroed in on public company disclosure surrounding litigation contingencies, most notably through staff comment letters issued in connection with the review of annual and quarterly reports filed with the SEC, as well as through staff statements made in speeches and at conferences.

Co-authors: Kevin C. Smith , Tae Sang Yoo.