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23 Jul 2015, 6:36 am
On June 5, 2015, the Securities and Exchange Commission (“SEC”) entered into settled administrative cease-and-desist proceedings with Computer Sciences Corporation (“CSC”) and some of its former executives due to the company’s alleged manipulation of financial results and concealment of problems with the company’s largest contract. [1] Among other things, CSC agreed to pay a $190 million penalty to settle the charges, and two of… [read post]
6 Jul 2023, 10:17 am
According to the International Finance Corporation (IFC) of the World Bank Group: “Corporate governance is defined as the structures and processes by which companies are directed and controlled. [read post]
22 Dec 2013, 6:00 am
This post is based on a Richards, Layton & Finger publication, and is part of the Delaware law series, which is co-sponsored by the Forum and Corporation Service Company; links to other posts in the series are available here. [read post]
13 May 2014, 8:56 pm
Corporate Governance in a Common-Law World does a great service in expanding and deepening the debate over the nature of corporate governance. [read post]
30 Apr 2018, 5:24 am
Apr. 19, 2018), the Delaware Court of Chancery considered a motion to dismiss brought in response to a derivative complaint against certain directors of CBS Corporation for excessive compensation paid to media titan, Sumner Redstone, at a time when plaintiff alleged he could no longer render meaningful services to the company. [read post]
13 Jul 2021, 5:32 am
Casetext now becomes the eleventh company to join the collective and the first that offers legal research services. [read post]
19 Sep 2018, 7:22 am
Under the Notice, the IRS explains that companies must be able to demonstrate under state or other applicable law (e.g., state contract law) the amount that, as of Nov. 2, 2017, the company would have to pay if the employee performed the services or satisfied the vesting conditions under the arrangement. [read post]
8 Jul 2024, 5:00 am
The indictments of the individual officers of the corporation are also consistent with federal law enforcement’s emphasis on holding individuals, rather than just the corporation, responsible for alleged healthcare fraud. [read post]
25 Jan 2024, 3:58 am
No matter what though, these new laws will replace China’s old-style corporate WFOE and Joint Venture governance laws with more robust provisions under the Company Law, which allows for more international-style corporate governance provisions. [read post]
19 Jan 2023, 9:05 pm
They affect the interests of all of a company’s stakeholders, and so it is in the best interest of those stakeholders for their company to respond in some public way. [read post]
Atrium Founder Confirms Layoffs of Legal Staff; Will Focus on Building Services Network for Startups
13 Jan 2020, 2:07 pm
We will keep a small group of partners in-house who will serve our clients with strategic services like financing and M&As, as well as work with our network of vetted and trusted firms to deliver general corporate legal services. [read post]
19 Aug 2011, 9:03 am
A registered agent based in Vermont must be designated for the acceptance of service of legal documents on behalf of the corporation. [read post]
12 Oct 2011, 10:32 am
B Corporations have the potential to deliver immediate financial value, and B Lab has already saved B Corps over $1M through service partnerships. [read post]
17 Jan 2019, 6:30 am
That speaks not only to the company’s well known excellent customer service but also extends to how injured workers and their claims are managed. [read post]
3 Nov 2021, 11:55 am
The SEC’s effort to promote climate-related disclosures will increase corporate transparency into how different companies are contributing to and being affected by climate change, making environmental factors a greater consideration for corporate leadership and investors. [read post]
16 Jul 2007, 6:42 am
Shareholders participating in proxy votes so far this year are, no surprise, seeking greater accountability from corporate directors, especially on executive pay and majority share voting, according to an overview of the 2007 proxy season by Institutional Shareholder Services. [read post]
5 May 2011, 11:59 am
On May 3, 2011, the Federal Trade Commission announced that it had reached settlements with Ceridian Corporation and Lookout Services, Inc. [read post]
18 Aug 2020, 7:59 am
The managed services company Factor, one of two companies that spun off last year from legal services company Axiom, said today that one of its original investors, the investment firm Carrick Capital Partners, will multiply its stake in the company to become its majority shareholder. [read post]
3 Jul 2015, 10:48 am
The lawsuit alleged that, through these fraudulent actions, the government paid more than private companies for the same services. [read post]
3 Jun 2012, 6:32 am
Following these reforms, distributions paid on J-Sukuk benefit from the same favourable withholding tax treatment as interest or coupons paid on corporate bonds issued by Japanese companies. [read post]
