Jim Kramer at Orrick, Herrington & Sutcliffe LLP

Fannie And Freddie Shareholders To US: 2008 Government Takeover Of Mortgage Giants Good For The Country; Not So Much For Us

Can shareholders of a government-sponsored enterprise successfully challenge the constitutionality of a government takeover of the entity? ...more

6/18/2013 - Class Action Conservators Fannie Mae FHFA Freddie Mac Lenders Mortgages Shareholders Stocks

What Makes A Director “Independent”?

What makes a director “independent”? That question is important, not only to investors who want to ensure that boards of directors exercise objective judgment on corporate affairs, but also to companies, who need assurance...more

5/3/2013 - Directors Nasdaq NYSE Shareholders

Purchase Timing A Wall To Facebook Derivative Litigation Despite Unenforceability Of Forum Selection Clause

Four derivative lawsuits against Facebook’s directors relating to alleged disclosure issues surrounding the company’s initial public offering have a new status: Dismissed. Last month, Judge Robert Sweet of the Southern...more

3/26/2013 - Derivative Suit Disclosure Requirements Facebook Forum Selection Clause IPO Ripeness

Shareholder Demands: Accepted, Refused Or Deferred? Let’s Ask RUSH.

When a shareholder makes a demand on a company to pursue litigation, the company’s board can look to generally well-developed law to determine how to evaluate the demand. Though there is no one particular procedure a board...more

1/9/2013 - Board of Directors Business Judgment Rule Shareholder Demands

SEC Commissioner Schapiro to Step Down After Four Tough Years

The SEC announced last week that Commission Chairman Mary L. Schapiro will end her tenure later this month. Previously an SEC commissioner from 1988 to 1994, Ms. Schapiro was appointed chairman by President Obama in January...more

12/4/2012

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Jim Kramer

Orrick, Herrington & Sutcliffe LLP

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