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14 May 2010, 2:36 pm by Green Building Law Brief
But Maryland courts are unlikely to intrude upon a director’s business judgment in choosing one alternative over another where both could arguably lead to the achievement of a Public Benefit.All Benefit Corporations must make clear reference to the fact that they have elected to be Benefit Corporations at the head of their charter documents and on each outstanding stock certificate. [read post]
3 May 2010, 9:34 am by Joseph C. McDaniel
(b) The filing of a petition under section 301, 302, or 303 of this title, or of an application under section 5(a)(3) of the Securities Investor Protection Act of 1970, does not operate as a stay—(1) under subsection (a) of this section, of the commencement or continuation of a criminal action or proceeding against the debtor;(2) under subsection (a)—(A) of the commencement or continuation of a civil action or proceeding—(i) for the establishment of paternity;(ii) for the… [read post]
27 Apr 2010, 6:02 am by Theo Francis
Sands and Adelson swapped aircraft throughout 2009, with Sands paying Interface Operations LLC — a company controlled by Adelson and his wife — some $1.2 million to rent its Boeing Business Jet, Gulfstream G-III and Gulfstream G-IV; at the same time, Interface paid Sands $652,114 to rent its three Gulfstream G-IVs, a Gulfstream G-V and two Boeing 737s. [read post]
23 Apr 2010, 8:00 am by Kinny Bagga
  Listing Agreement: India has two national stock exchanges, the Bombay Stock Exchange and the National Stock Exchange. [read post]
Structural Shifts: concomitant widespread elimination of (i) supermajority voting requirements, (ii) staggered or classified board terms, and (iii) stockholder rights plans (often done to avoid or compromise likely stockholder proposals), accompanied by limitations on (iv) change-in-control executive severance agreements, along with (v) increased stockholder rights to call special stockholder meetings, in tandem with (vi) highly publicized proposals advocating multiflavored… [read post]
21 Apr 2010, 10:47 am by Stikeman Elliott LLP
These include: (i) forwards, futures, stock purchase or similar contracts involving securities of the reporting issuer; (ii) options issued by an issuer other than the insider’s reporting issuer;  and (iii) stock-based compensation instruments, including phantom stock units, deferred share units (DSUs), restricted share awards (RSAs), performance share units (PSUs), stock app [read post]
21 Apr 2010, 6:47 am by Theo Francis
Whereas last year, getting fired after a merger would have accelerated $2.4 million in restricted stock awards for Tilton, now it would mean $1.4 million in restricted stock, $3.2 million in stock options and $3.6 million in restricted stock units, as well as $866,667 for an additional cash bonus. [read post]
7 Apr 2010, 4:30 am
: The Medicines Company v Kappos (Peter Zura's 271 Patent Blog) Cancidas (Caspofungin) – US: District Court New Jersey: Merck & Co files patent infringement complaint following Para IV challenge by Sandoz (Patent Docs) Clarinex (Desloratadine) - US: Mass forfeiture of 180-day exclusivity! [read post]
19 Mar 2010, 3:12 pm by Christine Hurt
So the headline of a WSJ article today is "SEC Didn't Expand Upon Stock-Abuse Settlement," and the first sentence reads:  "The Securities and Exchange Commission has failed to turn key parts of a landmark stock-research settlement into industrywide rules, a move that threatens to gut pieces of the pact. [read post]
1 Feb 2010, 3:20 pm
El pacto comisorio es perfectamente válido en este y otros casos, pero no siempre que se establezca a favor del acreedor pignoraticio, hipotecario o fiduciario. [read post]
Editor’s Note: Eduardo Gallardo is a partner focusing on mergers and acquisitions at Gibson, Dunn & Crutcher LLP. [read post]
27 Jan 2010, 12:20 pm by Hunton & Williams LLP
  FINRA, which is the largest non-governmental financial regulator, previously had issued guidance on other issues pertaining to interactive web sites, such as participation by securities firms and their employees in Internet chat rooms discussing stocks or investments. [read post]