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Results: 1-10 of 47

SEC proposes CEO pay ratio disclosure rule
  • Locke Lord LLP
  • USA
  • September 26 2013

The SEC issued a proposed rule on September 18, 2013, that would require most public companies to report the ratio between the annual total


SEC launches options backdating suit against Broadcom executives
  • Locke Lord LLP
  • USA
  • June 5 2008

The SEC has filed a civil action against four Broadcom executives and its General Counsel in connection with alleged options backdating activity at the company between 1998 and 2003


Massachusetts federal court: subsequent demand moots demand-excused derivative suit
  • Locke Lord LLP
  • USA
  • June 25 2008

The United States District Court for the District of Massachusetts recently granted a motion to dismiss a “demand excused” shareholder derivative suit on the basis that the suit was mooted by the plaintiffs’ subsequent demand letter


Court approves American Home Mortgage's settlement of a subprime securities class action
  • Locke Lord LLP
  • USA
  • September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation


Current issues in D&O and E&O coverage investigations: SDNY holds that Credit Suisse waived work product privilege by disclosing internal investigation memoranda to the government
  • Locke Lord LLP
  • USA
  • February 25 2008

If outside counsel for a company drafts factual memoranda concerning an internal investigation conducted in response to alleged wrongdoing, and then voluntarily shares the memoranda at the company’s direction with government investigators, has the company waived the work product privilege?


Client advisory - say on pay - not just for TARP recipients anymore
  • Locke Lord LLP
  • USA
  • September 10 2009

The House of Representatives recently passed legislation which would require, among other things, an annual stockholder vote on executive compensation


SEC permits (and may require) proxy solicitations on the internet
  • Locke Lord LLP
  • USA
  • February 5 2007

Issuers and third parties will soon be able to solicit proxies for annual meetings by posting proxy materials on an Internet website


Broker discretionary voting for directors eliminated smaller companies will need to work harder for the retail vote
  • Locke Lord LLP
  • USA
  • July 14 2009

Responding to concerns voiced by shareholder activists and others, the Securities and Exchange Commission has approved a rule change by the New York Stock Exchange that eliminates broker discretionary voting in uncontested elections for directors


D&O policy exclusion barring coverage for securities suits is not limited to only the insured's securities
  • Locke Lord LLP
  • USA
  • November 24 2008

The Eighth Circuit Court of Appeals recently upheld an exclusion in a D&O policy barring coverage for suits against officers and directors arising out of the underwriting and sales of securities


SEC proposes roadmap for the use of International Financial Reporting Standards
  • Locke Lord LLP
  • USA
  • December 1 2008

Last month, the United States Securities and Exchange Commission (“SEC”) issued a release (“Release”) setting forth a roadmap (“Roadmap”) for the potential use by U.S. issuers of financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board, rather than statements prepared in accordance with U.S. GAAP accounting standards