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Court of Chancery permanently enjoins sale that would violate trust indentures

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 12 2012

In In re BankAtlantic Bancorp, Inc. Litig., the Delaware Court of Chancery permanently enjoined the acquisition of BankAtlantic, a federal savings bank (“BankAtlantic”), from its bank holding company parent BankAtlantic Bancorp (“Bancorp”) by BB&T Corporation because the transaction would run afoul of the standard successor obligor provisions of the indentures related to Bancorp's trust preferred stock (“TruPS”

What foreign private issuers need to know about the corporate governance and disclosure provisions of the Dodd-Frank Act

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • July 30 2010

In an effort to reform the U.S. financial system and reduce systemic risk, Congress passed, and on July 21, 2010 the President signed into law, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”

Corporate governance and executive compensation provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 29 2010

On June 25, 2010, a House and Senate conference committee negotiating the blueprint for the reform of the US financial system agreed on text of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"

House-Senate conference committee approves financial reform legislation

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 28 2010

On June 25, 2010, a House-Senate conference committee reached final agreement on the Dodd-Frank Wall Street Reform and Consumer Protection Act