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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]
1 Apr 2022, 7:36 am by Kirk M. Hartung
CLS Bank International, 573, U.S. 208, there have been debates, litigation, and patents declared invalid as being directed to non-patentable subject matter, and specifically to abstract ideas. [read post]