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Articles: 1-10 of 973

SEC staff takes issue with widely used pharma non-GAAP financial measure

USA - May 12 2022 Pharmas, biotechs and others may want to take notice—if they haven’t already—of a series of SEC comment letters to global biopharmaceutical company…

SEC extends comment period for climate disclosure proposal

USA - May 10 2022 Yesterday, the SEC announced that it had extended or reopened the public comment period on three proposals, including the proposed rulemaking to…

SEC’s Small Business Capital Formation Advisory Committee discusses climate disclosure and SPAC proposals

USA - May 9 2022 On Friday, the SEC’s Small Business Capital Formation Advisory Committee held a virtual meeting to discuss two of the SEC’s recent rulemaking…

Corp Fin posts sample comments related to Ukraine disclosure

Russia, Ukraine, USA - May 5 2022 Corp Fin has posted a sample comment letter to companies about potential disclosure obligations arising out of the Russian invasion of Ukraine, the…

California appellate court upholds enforceability of exclusive federal forum provision

USA - May 4 2022 In Salzberg v. Sciabacucchi (pronounced Shabacookie), the Delaware Supreme Court unanimously held that charter provisions designating the federal…

Ukrainian-American Bar Association petitions SEC for rulemaking on Russia disclosure

Russia, USA - April 27 2022 We have all watched with anguish and trepidation the profound horror inflicted on Ukraine—transfixed by the brilliant and courageous fight of the…

Delaware bar recommends DGCL amendments, including officer exculpation charter provisions

USA - April 25 2022 The Council of the Corporation Law Section of the Delaware State Bar Association has provided recommendations to the Delaware General Assembly for a…

Is the SEC process for SPAC registration statements Kafkaesque?

USA - April 21 2022 “Statement Regarding SPAC Matter,” is the latest from SEC Commissioner Hester Peirce. Seems completely anodyne, doesn’t it? But, as they say, looks…

Raiding the cookie jar—“part of the art of the close”?

USA - April 20 2022 In this Order, the SEC brought settled charges against Rollins, Inc., a termite and pest control company—think “Orkin”—and its former CFO for…

PCAOB talks to audit committee chairs about auditor oversight in 2021

USA - April 18 2022 Since 2019, as part of its strategy of enhancing transparency and accessibility through proactive stakeholder engagement, the PCAOB has been engaging…