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Results: 1-10 of 58

Proxy season update

  • Day Pitney LLP
  • -
  • USA
  • -
  • February 28 2013

As the 2013 proxy season comes into full swing, a review of the fundamental principles governing a company's disclosure obligations is warranted, as

NJ legislature passes three new laws amending the NJBCA

  • Day Pitney LLP
  • -
  • USA
  • -
  • February 19 2013

The New Jersey legislature recently passed three new pieces of legislation amending the New Jersey Business Corporation Act (the "NJBCA"). The

Third Circuit holds notice of rescission sufficient to rescind loan under Truth in Lending Act

  • Day Pitney LLP
  • -
  • USA
  • -
  • February 11 2013

On February 5, in Sherzer v. Homestar Mortgage Services, Inc., No. 11-4254, 2013 U.S. App. Lexis 2486 (3d Cir. Feb. 5, 2013), the U.S. Court of

New Jersey adopts a new Limited Liability Company Act

  • Day Pitney LLP
  • -
  • USA
  • -
  • September 28 2012

New Jersey Governor Christie signed into law a Revised Uniform Limited Liability Company Act on September 21

New York Appellate Court adopts Tooley test to determine whether a claim is derivative or direct

  • Day Pitney LLP
  • -
  • USA
  • -
  • August 10 2012

On August 7, 2012, the Appellate Division of the New York Supreme Court, First Department, issued a unanimous opinion in Yudell v. Gilbert, Index No. 60040408, explicitly adopting the analytical framework used by Delaware courts, known as the "Tooley test," to determine whether a claim is derivative or direct

IPO on-ramp: analysis and open issues

  • Day Pitney LLP
  • -
  • USA
  • -
  • April 18 2012

As the impact of the JOBS Act begins to sink in, several issues have begun to emerge relating to Title I - Reopening American Capital Markets to Emerging Growth Companies, commonly referred to as the "IPO On-Ramp."

Congress passes JOBS bill for emerging growth companies

  • Day Pitney LLP
  • -
  • USA
  • -
  • March 27 2012

Congress passed the Jumpstart Our Business Startups Act today with the stated intention of making it easier for emerging growth companies to raise capital and, as a result, to increase employment

The new economic policy in Massachusetts

  • Day Pitney LLP
  • -
  • USA
  • -
  • March 20 2012

In August 2010, the Massachusetts Legislature passed and the governor signed into law "An Act Relative to Economic Development Reorganization," Chapter 240 of the Acts of 2010, requiring every administration to develop an economic development policy and strategic plan for the commonwealth

Proposal to update COSO's internal control framework

  • Day Pitney LLP
  • -
  • USA
  • -
  • January 3 2012

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has recently issued a proposed update to its internal control framework

Corporate officers take heed

  • Day Pitney LLP
  • -
  • USA
  • -
  • December 1 2011

The U.S. District Court for the Eastern District of Pennsylvania imposed jail sentences on three officers of a medical-device company who had pleaded guilty to misdemeanor offenses under the controversial corporate-officer doctrine, which can hold executives criminally liable for failing to prevent or promptly correct certain corporate violations

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