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As this election year begins and the prolonged downturn in the economy continues, the political rhetoric is creeping up and more politicians are jumping on the bandwagon to rail against regulatory hurdles to raising capital
The bill titled "to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes," sponsored by Rep. James A. Himes, would amend Section 12(g) of the Exchange Act to increase the assets of an issuer required to register with the SEC from $1 million to $10 million
The California Court of Appeals has upheld a well-recognized California corporate law principle that boards of directors of California corporations can lawfully obligate themselves to engage in a merger or other extraordinary transaction without the benefit of "fiduciary out
