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Results: 1-10 of 72

Chief Accountant reminds lawyers that GAAP and not the ABA-auditor treaty governs loss contingency disclosure
  • Holland & Knight LLP
  • USA
  • February 28 2011

At a recent New York Bar Association conference, Wayne Carnall, Chief Accountant of the SEC's Division of Corporation Finance, warned registrants to avoid relying on the long-standing ABA-auditor "treaty" between lawyers and auditors when deciding what to report about litigation contingencies in financial statements


House Financial Services Subcommittee passes five bills to ease the regulatory burden on small businesses
  • Holland & Knight LLP
  • USA
  • November 7 2011

On October 5, 2011, the House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee passed five bills to ease the regulatory burden on small businesses and emerging growth companies


SEC adopts changes to director election process for public companies
  • Holland & Knight LLP
  • USA
  • September 2 2010

On August 25, 2010, the Securities and Exchange Commission adopted new rules that require all U.S. public companies (and certain non-U.S. companies that comply with the U.S. proxy rules) to include in their proxy materials shareholder director nominees and shareholder proposals that seek to regulate the nomination and election of directors


Corporate governance amendments included in manager amendment to Senator Dodd bill
  • Holland & Knight LLP
  • USA
  • April 19 2010

On March 22, 2010, the Senate Committee on Banking, Housing and Urban Affairs approved a 114-page Manager's Amendment to the bill introduced by Senator Dodd titled, "Restoring American Financial Stability Act of 2010" (the "2010 Bill"


FASB to issue revised exposure draft on loss-contingency disclosures
  • Holland & Knight LLP
  • USA
  • May 3 2010

On April 14, 2010, the Financial Accounting Standards Board (FASB) decided to revise the proposed quantitative and qualitative disclosure requirements in its original Exposure Draft relating to disclosures on loss contingencies and to issue a revised Exposure Draft in May 2010


U.S.Sentencing Commission adopts changes to sentencing guidelines
  • Holland & Knight LLP
  • USA
  • May 3 2010

On April 7, 2010, the U.S. Sentencing Commission approved changes to the Federal Sentencing Guidelines


Division of Corporation Finance issues “Dear CFO” letter questioning repurchase agreements
  • Holland & Knight LLP
  • USA
  • April 5 2010

On March 29, 2010, the Division of Corporation Finance staff posted a sample letter it provided to the chief financial officer of certain public companies requesting information about repurchase agreements, securities lending transactions, or other transactions involving the transfer of financial assets with an obligation to repurchase the transferred assets


SEC grants order staying effectiveness of proxy access rules
  • Holland & Knight LLP
  • USA
  • October 11 2010

On October 4, 2010, the SEC granted a stay of its proxy access rules pending resolution of the Business Roundtable and Chamber of Commerce petition for review of such rules with the DC Circuit Court of Appeals


Delaware Court of Chancery applies entire fairness standard to majority stockholder's debt conversion
  • Holland & Knight LLP
  • USA
  • August 9 2010

On May 28, 2010, the Delaware Court of Chancery held that the former controlling stockholder of a company had not established the entire fairness of a debt conversion transaction entered into between the company and the controlling stockholder


Court rejects shareholder proposal due to insufficient proof of ownership
  • Holland & Knight LLP
  • USA
  • April 11 2011

Rather than attempt to exclude a shareholder proposal through the normal SEC channels, a company filed a lawsuit in the Federal District Court for the Southern District of Texas seeking a declaratory judgment that would allow the company to exclude the shareholder proposal submitted by John Chevedden due to his alleged lack of eligibility