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22 Apr 2021, 6:30 am
Last week, John Coates, the Acting Director of the SEC’s Division of Corporation Finance (“Corp Fin”), released a statement discussing liability risks in de-SPAC transactions. [read post]
21 Apr 2021, 3:46 am by Lawrence Heim
Acting Corp Fin Director John Coates suggested last month that global comparability would be a desirable thing for ESG reporting. [read post]
20 Apr 2021, 11:16 am by Jonathan Bailey
On the other side of the dispute is Aldi, which recently launched Cuthbert the Caterpillar, a similar-looking caterpillar-shaped cake that Marks & Spencer claims “rides on the coat-tails” of their more established product. [read post]
20 Apr 2021, 8:40 am by John Jascob
"John Coates, Acting Director of the SEC’s Division of Corporation Finance, testified that the SEC’s several divisions, including the Division of Trading and Markets and the Division of Examinations, were monitoring different types of market participants, exchanges, and counterparties. [read post]
18 Apr 2021, 3:01 pm by Kevin LaCroix
As readers of this blog will recall, I recently discussed (here) the public statement of  John Coates, the Acting Director of the SEC Division of Corporate Finance, in which Coates publicly questioned the widely held belief that SPAC transactions were not subject to the same constraints as traditional IPOs when it comes to pre-transaction publication of financial projections. [read post]
15 Apr 2021, 9:41 am
Furthermore, these occupational groups used asbestos products such as joint compounds, cement, pipe block, valves, gaskets, pipe coating and welding rods, which only contributed to their toxic exposure. [read post]
14 Apr 2021, 3:03 am by Lynn Jokela
But as part of the SEC’s ongoing scrutiny of these deals – and as a follow-up to statements issued in early April – Acting Corp Fin Director John Coates and Acting Chief Accountant Paul Munter issued a Joint Statement on Monday saying that these instruments might instead need to be classified as liabilities, which means that they need to be revalued every period and cause fluctuations in net income that are complicated to explain. [read post]
13 Apr 2021, 2:42 pm by Kevin LaCroix
  SEC Statement on Accounting for SPAC Warrants: An April 12, 2021 statement by John Coates, Acting SEC Director of the Division of Corporation Finance, and Paul Munter, the Acting SEC Chief Accountant, addressed accounting and reporting considerations regarding warrants issued by Special Purpose Acquisition Companies (SPACs). [read post]
12 Apr 2021, 3:03 am by Lynn Jokela
Director Coates also highlighted the limitations of the PSLRA’s safe harbor for forward-looking statements. [read post]
11 Apr 2021, 10:35 am by Kevin LaCroix
  State Court SPAC Litigation: It was not a major part of Coates’s statement, but nonetheless I think it is important that Coates did mention the potential liabilities arising from SPAC-related disclosures under state law. [read post]
9 Apr 2021, 11:08 am by Robert B. Lamm
  However, Coates makes it clear that the term “initial public offering” is not defined in the PSLRA and that any differences between a deSPAC and an IPO are not meaningful. [read post]
9 Apr 2021, 6:00 am
PeirceStaff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ("SPACs") (SEC Statement by John Coates, Acting Director, Division of Corporation Finance and Paul Munter, Acting Chief Accountant)Federal Circuit Court Says Head Scratchin' Act Not Proof of Securities Fraud Scienter (BrokeAndBroker.com Blog)First Trades, First Dollars, and the NYSE Cele... [read post]
9 Apr 2021, 5:43 am
Is the Monarchy an archaic tradition from a time when gentlemen wore bowlers and morning coats and opened doors for ladies? [read post]
5 Apr 2021, 7:19 am by Public Employment Law Press
  The candidate suffered from “White Coats Syndrome” which is an elevated blood pressure in a clinical setting. [read post]
5 Apr 2021, 7:19 am by Public Employment Law Press
  The candidate suffered from “White Coats Syndrome” which is an elevated blood pressure in a clinical setting. [read post]