A DOL rule proposal that would clarify the duties of ERISA plan fiduciaries on proxy voting was published in the Federal Register.
News & Insights
The DOJ and the SEC charged the manager of a hedge fund with securities fraud, wire fraud, extortion and obstruction of justice related to his "conduct in the offer of certain shares being disposed of as part of the Neiman Marcus Group Ltd. bankruptcy proceedings."
The DOJ revised its Antitrust Division Merger Remedies Manual. The new manual is an update to the Division’s 2004 Policy Guide to Merger Remedies.
The New York State Department of Financial Services urged the OCC to withdraw a proposed rule that would clarify when a national bank or federal savings association is considered to be the "'true lender' in the context of a partnership between a bank and a third party."
An SEC final rule designed to improve the accuracy and transparency of information provided by proxy advisory firms was published in the Federal Register.