Yesterday, the SEC voluntarily stayed its new ESG disclosure rules for public companies pending the outcome of several lawsuits that have been filed, which are now consolidated in the 8th Circuit US Court of Appeals. We...more
On December 19, 2023, the Fifth Circuit formally vacated the SEC’s buy-back disclosure rules. While it is unclear what, if any, action the SEC may take in response to this definitive ruling, the realistic options appear to be...more
12/20/2023
/ Appeals ,
Broker-Dealer ,
Disclosure Requirements ,
Enforcement ,
Form 10-K ,
New Rules ,
Securities and Exchange Commission (SEC) ,
Stock Repurchases ,
Trading Policies ,
Vacated ,
Voluntary Disclosure
On July 6, 2015, the U.S. Court of Appeals for the Third Circuit issued its opinion in Trinity Wall Street v. Wal-Mart Stores, Inc. The holding permitted Wal-Mart Stores, Inc. ("Wal-Mart") to exclude a shareholder proposal...more
8/6/2015
/ Appeals ,
Corporate Governance ,
Declaratory Judgments ,
Injunctive Relief ,
Ordinary Business Exception ,
Proxy Season ,
Proxy Statements ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Meetings ,
Shareholder Proposals ,
Sufficient Nexus ,
Summary Judgment ,
Wal-Mart