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11 Apr 2012, 4:15 pm by Ted Allen
On Wednesday, the SEC staff released a study that examines whether investors should be able to bring lawsuits over transnational securities fraud.Under Section 929Y of the Dodd-Frank Act, Congress directed the SEC to study this issue following the U.S. [read post]
6 Apr 2012, 7:28 am
My top ten Senate races are listed here, and if you can spend some money on getting the Senate back into responsible hands this weekend, visit the site and in a couple of minutes you can find and support the most... [read post]
5 Apr 2012, 4:58 pm by Ted Allen
Earlier today, President Obama signed into law the "Jump-start Our Business Startups (JOBS) Act," which will exempt newly public companies from say-on-pay votes and other governance and accounting rules.The JOBS Act, which passed with bipartisan support in both chambers of Congress, creates a new category of "emerging growth companies," which will be exempt from votes on executive compensation; golden parachute votes; and various audit, disclosure, and initial offering… [read post]
30 Mar 2012, 1:28 pm by Ted Allen
Ten more large-cap companies have publicly confirmed that they will put management-sponsored board declassification proposals on the ballot, according to Harvard Law School’s Shareholder Rights Project (SRP), which is coordinating a shareholder campaign on this issue.The ten companies are among the 43 S&P 500 firms that have moved toward annual elections for all directors in response to proposals from the Illinois Board of Investment, the North Carolina State Treasurer, the Nathan Cummings… [read post]
29 Mar 2012, 7:34 am by Ted Allen
Earlier today, ISS announced that it has established a new Feedback Review Board, setting a new high water mark for transparency, openness, and responsiveness.The new Feedback Review Board (FRB) is designed to serve as a conduit for investors, issuers, and various market constituents to communicate with ISS. [read post]
26 Mar 2012, 2:06 pm by Ted Allen
A second U.S. issuer, International Game Technology, has reported a failed say-on-pay vote for 2012. [read post]
21 Mar 2012, 1:31 pm by Ted Allen
Forty-two large-cap companies have agreed to declassify their boards in response to shareholder proposals, according to Harvard Law School’s Shareholder Rights Project (SRP), which is coordinating this investor campaign. [read post]
20 Mar 2012, 3:12 am by SHG
Following the Justice Department’s agreement in 2009 to vacate the convictions it obtained of former Alaska Senator Ted Stevens, it conducted an internal probe into the conduct of its senior lawyers and—surprise! [read post]
19 Mar 2012, 5:02 pm by Caleb Mason
For those who don’t know the story, the government convicted Ted Stevens in October, 2008 on charges of failing to report gifts from Bill Allen, an Alaska developer, specifically free or under-billed renovation work on Stevens’ house in Girdwood, Alaska. [read post]
19 Mar 2012, 7:55 am by Lovechilde
In the House: Neil Abercrombie (D-HI 1st), Tom Allen (D-ME 11st), Joe Baca (D-CA 42nd), Brian Baird (D-WA 3th), John Baldacci (D-ME 2nd), Tammy Baldwin (D-WI 2nd), Xavier Becerra (D-CA 30th), Earl Blumenauer (D-OR 3rd), David Bonoir (D-MI 10th), Robert Brady (D-PA 1st), Corrine Brown (D-FL 3rd), Sherrod Brown (D-OH 13th), Lois Capps (D-CA 22nd), Michael E. [read post]
15 Mar 2012, 1:39 pm by Zoe Tillman
At issue were documents from an unrelated prostitution case that indicated Allen may have asked a 15-year-old girl to swear to a false affidavit that the two never had sex, when in fact they did. [read post]
15 Mar 2012, 12:06 pm by Matthew Huisman
Bill Allen, the government’s key witness, lied about his testimony and the government hid evidence from the defense showing that Allen was lying. [read post]