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16 Nov 2023, 12:15 am
  Securities lawyers will know that Section 16(b) imposes "short-swing" profits liability on greater than 10% beneficial owners, directors and officers. [read post]
14 Nov 2023, 7:27 am by Unknown
By Matthew Garza, J.D.As smaller companies prepare to comply with the federal Corporate Transparency Act (CTA), businesses in New York will also have to contend with the LLC Transparency Act, which would amend New York’s Limited Liability Company Law and the New York Executive Law to require disclosure of beneficial ownership of LLCs. [read post]
14 Nov 2023, 6:31 am
From the corporate management perspective, golden parachutes can be viewed as tools to prevent an exodus of top talent or head off the temptation for managers to resist a beneficial acquisition because it would result in a personal financial loss. [read post]
14 Nov 2023, 6:31 am
From the corporate management perspective, golden parachutes can be viewed as tools to prevent an exodus of top talent or head off the temptation for managers to resist a beneficial acquisition because it would result in a personal financial loss. [read post]
13 Nov 2023, 4:07 am by Peter Mahler
The underlying petition essentially mimicked allegations typically found in a petition for judicial dissolution of a corporation under Sections 1104 and 1104-a of the Business Corporation Law, i.e., exclusion from LLC’s business affairs, internal dissension, irreconcilable conflict such that dissolution would be beneficial to the membership, denial of access to records, and that dissolution would not injure the public. [read post]
For questions about these rules, the CTA, or customer due diligence and beneficial ownership rules more generally, contact the authors of this article or another member of the McGuireWoods Government Investigations and White Collar team, Financial Services Litigation team, Tax & Employment Benefits team, or the Corporate & Private Equity team. [read post]
10 Nov 2023, 6:30 am
Llewellyn, Fenwick & West LLP, on Tuesday, November 7, 2023 Tags: Board of Directors, Institutional Investors, Proxy season, Say on pay SEC Adopts Amendments to Beneficial Ownership Reporting Rules Posted by Eric Orsic, Thomas Conaghan, and Heidi Steele, McDermott Will & Emery LLP, on Wednesday, November 8, 2023 Tags: Beneficial Ownership, Exchange Act, SEC, Sections 13 Remarks by Commissioner Uyeda at the Practicing Law Institute’s 55th Annual Institute on… [read post]
10 Nov 2023, 6:30 am
Llewellyn, Fenwick & West LLP, on Tuesday, November 7, 2023 Tags: Board of Directors, Institutional Investors, Proxy season, Say on pay SEC Adopts Amendments to Beneficial Ownership Reporting Rules Posted by Eric Orsic, Thomas Conaghan, and Heidi Steele, McDermott Will & Emery LLP, on Wednesday, November 8, 2023 Tags: Beneficial Ownership, Exchange Act, SEC, Sections 13 Remarks by Commissioner Uyeda at the Practicing Law Institute’s 55th Annual Institute on… [read post]
9 Nov 2023, 2:37 pm by Samantha M. Cira
FinCEN’s initial proposal under The Corporate Transparency Act (the CTA) gave reporting companies created or registered on or after January 1, 2024, only 30 days to file their initial BOI reports. [read post]
9 Nov 2023, 10:59 am by Dennis Crouch
He argued PREVAIL’s standing requirement would prevent beneficial challenges. [read post]
8 Nov 2023, 9:01 pm by Meredith Ervine
John and J.T. cover the following topics: – New California Climate Legislation – Amendments to Beneficial Ownership Reporting Rules – IAC’s Recommendations on Human Capital Management Disclosure – 5th Circuit Panel’s Decision Upholding Nasdaq’s Board Diversity Disclosure Rules – NYSE Clawback Policy Affirmation Requirement As always, if you have insights on a securities law, capital markets or corporate governance issue, trend or… [read post]
8 Nov 2023, 7:27 am by ngritacco
REPORTING REQUIREMENTS The CTA will require US corporate entities, such as corporations and LLCs, as well as other entities that fall under the CTA reporting requirements to disclose their ultimate Beneficial Owner Information (“BOI”). [read post]
8 Nov 2023, 7:27 am by ngritacco
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. [read post]
8 Nov 2023, 6:30 am
Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here) by Lucian Bebchuk; The Law and Economics of Blockholder Disclosure (discussed on the Forum here) by Lucian Bebchuk and Robert J. [read post]
8 Nov 2023, 6:30 am
Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here) by Lucian Bebchuk; The Law and Economics of Blockholder Disclosure (discussed on the Forum here) by Lucian Bebchuk and Robert J. [read post]
8 Nov 2023, 4:00 am by John Orrick, Esq.
  See separate blog post – “FinCEN Issues Final Rule for Beneficial Ownership Reporting under the Corporate Transparency Act. [read post]
In 2021, Congress passed the Corporate Transparency Act in order to combat money laundering and other illegal activities. [read post]