Paul Bork

Paul Bork

Foley Hoag LLP

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Trinity Wall Street v. Wal-Mart Stores, Inc. - “Lawyers, Guns and Money”

On July 6, 2015 the Third Circuit Court of Appeals issued its eagerly awaited opinion in Trinity Wall Street v. Wal-Mart Stores, Inc., addressing the question of what constitutes a company’s ordinary business operations and...more

8/13/2015 - Appeals Board of Directors Ordinary Course of Business Defense Proxy Materials Shareholder Proposals Wal-Mart

Third Circuit Lets Wal-Mart Exclude Firearms Proposal Under the “Ordinary Business Operations” Exception

On April 14, 2015, the U.S. Court of Appeals for the Third Circuit summarily reversed a troubling decision of the Federal District Court in Delaware that required Wal-Mart to include in its 2015 proxy materials a shareholder...more

4/16/2015 - Appeals Board of Directors Firearms Ordinary Business Exception Permanent Injunctions Proxy Statements Reversal SEC Securities Exchange Act Shareholder Proposals Wal-Mart

Delaware Corporation Law Statute Amended to Provide for Ratification and Validation of Defective Corporate Acts

As part of recent amendments to the Delaware General Corporations Law (DGCL), two new sections were added to the DGCL to facilitate the ratification of so-called “defective corporate acts” that would otherwise be invalid due...more

7/19/2013 - Amended Legislation Articles of Incorporation Board of Directors Corporate Fraud Defect General Authorization

First Deadline Approaching for NYSE and Nasdaq Listed Companies to Comply with New Compensation Committee Rules

As noted in our Securities Alert dated October 9, 2012, the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq) proposed rule changes to their respective listing standards affecting public company boards of...more

5/9/2013 - Board of Directors Compensation Committee Deadlines Executive Compensation Listing Standards Nasdaq NYSE Reporting Requirements

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