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Current proposals include: (i) imposing a mandatory “cooling-off” period of 120 days for officers and directors, and 30 days generally, between when a plan is adopted or modified and when trading can commence; (ii) requiring directors and officers to personally certify to the company that they are not in possession of material nonpublic information at the time of adoption or modification of a plan; (iii) providing that the affirmative defense under Rule 10b5-1(c)(1) does not apply… [read post]
11 Apr 2022, 8:08 am by Dan Bressler
Moore, failed to timely accrue for and disclose a loss contingency related to a government investigation arising from a sealed qui tam complaint. [read post]
10 Apr 2022, 9:08 pm by Daniel E. Walters
The Court’s decision in the latest of these cases, West Virginia v. [read post]
10 Apr 2022, 1:34 pm by Stuart Kaplow
This now voided law had been an ideological lodestone for the “G” (governance) in ESG. [read post]