SIFMA and the Security Traders Association raised concerns about legislative proposals on capital formation and corporate governance currently under consideration by the U.S. Senate Committee on Banking, Housing and Urban Affairs.
In a new report issued by the Center for Financial Stability, Senior Fellow Charles G. Schott highlighted the impact of the Foreign Investment Risk Review Modernization Act on the Committee on Foreign Investment in the United States.
In a letter to the Federal Trade Commission, the Managed Funds Association and the Council of Institutional Investors called for reforms to the premerger notification program of the Hart-Scott-Rodino Antitrust Improvements Act.
In a Mergers and Acquisitions Update, Cadwalader attorneys reviewed two recent decisions by the Delaware Court of Chancery that highlight the importance of a company's sales process in shaping the outcome of an appraisal proceeding.
The Delaware Court of Chancery denied a motion to dismiss a lawsuit brought by a stockholder who challenged a voting proxy agreement and two stock issuances concerning a corporate merger and an acquisition.
In a decision that has implications for determining what constitutes a controlling Board interest, the Delaware Court of Chancery denied a motion to dismiss a suit alleging that Tesla's Board of Directors and its Chairman and CEO Elon Musk breached their fiduciary duties by approving the acquisition of SolarCity.
Two recent decisions from the Delaware Court of Chancery reached opposite results in the application of the business judgment rule under the Delaware Supreme Court's holding in Corwin v. KKR Financial Holdings LLC.
The SEC accepted offers of settlement in two enforcement actions involving "disclosure violations that deprived investors of material information during battles for corporate control of publicly traded companies."