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Securities and Exchange Commission (“SEC”) adopted its own final climate disclosure rule on March 6. [read post]
4 Mar 2024, 5:56 pm
The ABA Business Law Section Backgrounder may be accessed HERE. 1UNITED STATES DISTRICT COURTNORTHERN DISTRICT OF ALABAMANORTHEASTERN DIVISIONNATIONAL SMALL BUSINESS )UNITED, d/b/a the NATIONAL )SMALL BUSINESS )ASSOCIATION, et al., ))Plaintiffs, ))v. ) Case No. 5:22-cv-1448-LCB)JANET YELLEN, in her official )capacity as Secretary of the )Treasury, et al., ))Defendants. )MEMORANDUM OPINIONThe late Justice Antonin Scalia once remarked that federal judges… [read post]
16 Jan 2024, 1:19 pm by Kevin LaCroix
Securities and Exchange Commission Rule 10b-5 promulgated thereunder. [read post]
17 Aug 2023, 1:02 pm by Matt Miller
Securities and Exchange Commission (SEC) has proposed a set of new rules intended to create a consistent, comparable, and reliable source of information regarding climate change impacts and sustainability efforts to inform and protect investors while facilitating further innovation in this evolving area. [read post]
19 Jul 2023, 9:05 pm by renholding
The Securities and Exchange Commission regulations on climate disclosure, first proposed in March 2022 and likely to be issued in final form in October 2023,[1] have drawn considerable controversy and face an uncertain fate in the inevitable litigation.[2] Much less attention has gone to two bills that are moving toward adoption in California. [read post]
11 May 2023, 5:01 am by Nicholas Weigel
Legal Arguments in the Texas Suit In their motion for summary judgment, plaintiffs in Joseph Van Loon et al. v. [read post]
9 May 2023, 9:01 pm by renholding
There is reason to believe the SEC’s new universal proxy Rule 14a-19 will result in more stockholder nominees being elected to the boards of public companies. [read post]
2 May 2023, 12:51 pm by Michael Lowe
”  They include: Commodity Futures Trading Commission Department of Justice MIMF Unit Federal Bureau of Investigation Federal Trade Commission Internal Revenue Service Secret Service Securities and Exchange Commission. [read post]
19 Mar 2023, 9:01 pm by renholding
It follows the May 2021 ruling of the District Court of The Hague in Milieudefensie et al. v. [read post]
22 Feb 2023, 1:07 pm by Dennis Crouch
And it may help judges prevent (or call into question) misrepresentations about David v. [read post]
13 Feb 2023, 5:59 am by Kevin LaCroix
This sharpened focus was on display in President Biden’s March 1, 2022 State of the Union address, in which he noted that “as Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up. [read post]
1 Feb 2023, 9:01 pm by renholding
The passage of the Securities Act and the Exchange Act, and the authority that Congress gave to the Commission, reflected an intentional and marked departure from that dark default. [read post]
31 Oct 2022, 7:56 am by OTy9gYz
Diana Al-Hadid Justice Nock ruled that the agreement between Boesky and Al-Hadid “did not evince an intent to create joint ownership in defendant’s work,” and thus the Gallery has no claim to ownership.[10] The agreement only created a consignment through which the Gallery would sell the sculptures for Al-Hadid in exchange for one-third of the sales proceeds. [read post]
18 Jul 2022, 2:46 pm by Kevin LaCroix
We are therefore seeing more ESG-focused securities litigation in the pipeline for these reasons. [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
In this article, we begin with the Securities and Exchange Commission (“SEC”) regulations that mandate risk disclosures, and the federal statutes that create civil liability for misleading statements. [read post]