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Dodd-Frank Blog

Articles: 1-10 of 475

Revlon Lives - Chester County Employees’ Retirement Fund v. KCG Holdings, Inc.

USA - June 22 2019 In Chester County Employees’ Retirement Fund v. KCG Holdings, Inc. et al the Delaware Court of Chancery considered the interplay between the Corwin…

FASB Considering Accounting Relief for LIBOR Transitions

USA - June 19 2019 FASB has taken a major step towards approving Accounting relief for companies required to modify contracts as a result of new global reference rates…

Delaware Supreme Court Finds Viable Caremark Claim

USA - June 18 2019 In Marchand v. Barnhill et al the Delaware Supreme Court overturned the Court of Chancery’s decision to dismiss a complaint asserting a Caremark…

Chancery Addresses Spring-Loading of Options

USA - June 14 2019 In Howland Jr. V. Kumar et al the Delaware Court of Chancery addressed the alleged spring-loading of options in connection with the repricing of…

FTC Speaks to Divestitures to Obtain HSR Clearance

USA - June 14 2019 The FTC published its views on divestiture packages used to obtain clearance under the HSR Act…

Canon Inc., Toshiba Corporation Agree to Pay $5 Million for Violating HSR Requirements

USA - June 10 2019 In July 2015, Toshiba Corporation (“Toshiba”) revealed that it had overstated its profits by billions of dollars. As a result, Toshiba implemented a…

Kik ICO Litigation: Is the SEC Playing Hard Ball or Soft Ball?

USA - June 7 2019 It has been widely reported that the SEC sued Kik Interactive Inc. for conducting an illegal $100 million securities offering of digital tokens. The…

Delaware Reaffirms Entire Fairness Standard for Review of Director Compensation

USA - June 2 2019 Quoting both a nearly 70-year-old decision and a nearly 30-year-old SNL skit, the Delaware Court of Chancery, in Stein v. Blankfein et al, reaffirmed…

SEC Reverses PCAOB’s Findings of Repeated Negligent Conduct by Audit Partner

USA - May 31 2019 In a review of a PCAOB disciplinary proceeding the SEC took the rare step of cancelling the PCAOB’s finding that an audit partner of a Big Four firm…

Court Finds Merger Agreement Preserves Sellers’ Privilege Claims

USA - May 30 2019 In Shareholder Representative Services LLC v. RSI Holdco, LLC et al, the Delaware Court of Chancery considered when a buyer can use the acquired…