It’s now accepted wisdom that virtually all public company mergers and acquisitions will be challenged with at least one lawsuitover 95 of them are
On December 29, 2016, the Department of Labor (DOL) issued Interpretive Bulletin 2016-01 (the “Bulletin”) relating to the exercise of shareholder
A bank director's responsibilities are similar to directors of other types of corporations, including the duties of loyalty and care. Federal banking
The rise in shareholder activism has resulted in the addition of a significant number of new directors to public company boards who receive, in
Recently, the U.S. Securities and Exchange Commission (the “SEC”) approved NASDAQ’s new Rule 5250(b)(3), which requires NASDAQ-listed companies to
The Delaware Court of Chancery’s June 30, 2016 decision in In re Volcano Corporation Stockholder Litigation, C.A. No. 10485-VCMR, extends to a
Securities regulation in Canada, with its 13 different securities jurisdictions, is sometimes politely referred to as a “mosaic”.
The Alberta Securities Commission was the first Canadian tribunal to consider the effect of a “go shop” provision on a shareholder rights plan in Re Afexa Life Sciences Inc., a written decision released on October 14, 2011.
The Ontario Securities Commission issued an order this week in connection with a shareholder rights plan adopted by the board of directors of MOSAID Technologies Incorporated in response to a hostile bid made by Wi-LAN Inc.
The Commission’s new “proxy access” Rule was vacated by the Circuit Court of the District of Columbia for failing to comply with the Administrative Procedure Act or APA.