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2 Apr 2024, 9:01 pm by renholding
  Section 268(b) provides that, unless otherwise expressly provided in the merger agreement, disclosure letters, disclosure schedules and similar documents are not deemed part of the merger agreement (and thus need not be submitted to or approved by the board or stockholders as a statutory matter) but have the effects provided in the agreement. [read post]
1 Apr 2024, 11:41 am by Marie Nganele
An impression of the corporate seal of the community association, if any. [read post]
31 Mar 2024, 9:05 pm by renholding
To overcome this concern, corporate law should feature a divestment sunset as a default rule. [read post]
31 Mar 2024, 9:01 pm by renholding
Then, on March 21, 2024, the Federal Deposit Insurance Corporation (FDIC) published a Proposed Statement of Policy on Bank Merger Transactions(FDIC SOP) that similarly summarizes the principles the FDIC considers when evaluating whether the statutory factors under the BMA are met. [read post]
28 Mar 2024, 10:31 am by Eugene Volokh
From a newly enacted bill: A financial institution shall not deny or cancel its services to a person, or otherwise discriminate against a person in making available such services or in the terms or conditions of such services, on the basis of: (1) The person's political opinions, speech, or affiliations; (2) Except [for a financial institution that claims a religious purpose], the person's religious beliefs, religious exercise, or religious affiliations; (3) Any factor if it is not a… [read post]
25 Mar 2024, 10:00 pm by Sherica Celine
Private placements can be made according to an exemption or safe harbor under Section 4(a)(2) of the Securities Act, Rule 506(b) under the Securities Act, or Rule 506(c) under the Securities Act. [read post]
13 Mar 2024, 7:24 pm by Kurt R. Karst
The PTE application paragraph (C) on page 4 indicates that EPKINLY® (epcoritamab-bysp) received approval for commercial marketing or use on May 19, 2023. [read post]
5 Mar 2024, 4:56 pm by INFORRM
” That is broadly (a) the case must affect the defendant’s freedom of speech; (b) that speech must relate to a matter of public interest; and (c) some behaviour of the claimant (at any point) must be “intended” to cause distress, inconvenience etc to the defendant. [read post]
5 Mar 2024, 2:27 pm by John Stigi and Eugene Choi
(“Activision”) violated Section 251(b) of the Delaware General Corporation Law (the “DGCL”) by approving a draft merger agreement between Activision and Microsoft, Inc. [read post]
4 Mar 2024, 9:25 am by Intellectual Property Group
Tax return; (b) the business has more than 20 full-time employees in the U.S.; (c) the business has an operating presence at a physical office in the U.S. [read post]
3 Mar 2024, 9:01 pm by renholding
  Plaintiffs challenged the transaction on the grounds that the directors and beneficial owner of the majority voting power of both entities, Gregory B. [read post]
29 Feb 2024, 2:29 pm by Keith Szeliga and Emily Theriault
Sixth, the Compensation Cost Principle requires “special consideration” of compensation costs for certain individuals.[25] Such individuals include owners of closely held corporations, members of limited liability companies, partners, sole proprietors, or members of their immediate families, and persons who are contractually committed to acquire a substantial financial interest in the contractor’s business.[26] Compensation for those individuals must be reasonable for the… [read post]