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5 Nov 2007, 1:08 pm
[NM: available at CAAFlog.com here]DFCL tells the accreditation board that it has informed the relevant inspectors general and investigative agencies that may have relied on the affected examinations. [read post]
1 Feb 2023, 5:28 pm by InvestorLawyers
(AFIN) and, before that, as American Realty Capital Trust V, Inc., may have FINRA arbitration claims, if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor. [read post]
17 Aug 2009, 5:42 am
The alleged efforts of a board of directors to entrench itself – which included refusing to permit dissent shareholders to vote at a shareholders meeting and issuing additional shares to give the board majority control of the company – were the subject of the Business Court’s opinion last Friday in Green v. [read post]
A recent disclosure by Black & Decker Corp. and a subsequent clarification as a result of a complaint by the New York Stock Exchange provide helpful insight regarding how business, and possibly other, relationships between directors and senior management may impair a director’s independence both for exchange listing standards and other contexts, and may give rise to unwanted publicity. [1] Background On March 9, 2010, Black & Decker Corp. issued a… [read post]
7 Oct 2021, 2:08 pm by Kevin LaCroix
” At a minimum, this and similar statements underscore the fact that for many organizations cybersecurity is going to a mission critical issue, one that requires board oversight – and one that, were the board to breach its oversight duties, could give rise to director liability. [read post]
As this case demonstrates, the choice to seek direct retribution, rather than legal recourse, may constitute a breach of a director’s duty of loyalty. [read post]
18 Jan 2019, 8:47 am
In support, the Court cited long-held Maryland case law and Corwyn v. [read post]
13 Aug 2012, 6:55 am by Scott I. Unger
 Hence, in corporations where there are less than 30 shareholders, a shareholder may file a derivative action on behalf of the corporation without making demand on the board of directors. [read post]