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In the press release, Black & Decker stated “[p]ersonal business relationships between individuals (as opposed to relationships with the company) generally are not relevant to the independence tests under the New York Stock Exchange rules because they do not create a material relationship between a director and the company. [read post]
30 Jan 2017, 1:22 pm
Adkins Holding:  (1) The traditional business judgment rule applies to a disinterested and independent board of directors' refusal of a stockholder litigation demand, not the modified business judgment rule established in Boland v. [read post]
6 Jan 2009, 7:57 pm
In racketeering, securities fraud and obstruction trial involving an FBI agent who passed law enforcement information to a co-defendant to benefit from stock trades, evidence concerning one defendant's "possible ties to the 9/11 terrorist attacks" was not unfairly prejudicial where curative instructions were given, the defense opened the door to the issue, and the trial court took extra precautions to limit the evidence, in United States v. [read post]
3 Apr 2017, 8:20 am by John Jascob
However, the court requested additional documentation from the SEC regarding the issue of disgorgement, and imposed the minimum third-tier penalty on the firm’s principal (SEC v. [read post]
25 Apr 2010, 5:00 am by Randall Peterson
  Again, Apache stated that neither Chevedden, RTS, nor Northern Trust was listed in Apache’s records as holders of Apache common stock. [read post]
25 Jul 2022, 4:10 am
United States Securities and Exchange Commission, United States of America, Respondents (2Cir Opinion)... [read post]