On November 13, 2012, a federal district court in Austin, Texas, denied a motion to dismiss in the Securities and Exchange Commission's (SEC) Sarbanes-Oxley Act (SOX) Section 304 clawback suit against two former executives of...more
12/10/2012
- Clawbacks Sarbanes-Oxley SEC Section 304
On October 29, 2012, the SEC announced that it had initiated proceedings to determine whether to issue a stop order to prevent sales of shares in a development stage company that filed a registration statement on Form S-1,...more
11/19/2012
- Emerging Growth Companies JOBS Act SEC Stop Order
Recently the SEC's Division of Corporation Finance posted certain additional JOBS Act-related FAQs. The new FAQs, numbered 42 to 54, address a variety of JOBS Act-related issues. Some of the more notable FAQs in this new...more
10/8/2012
- Emerging Growth Companies JOBS Act SEC
On July 19, 2012, the SEC approved a proposed Nasdaq rule change to modify the exception to Nasdaq Rule 5605 that allows a non-independent director of a listed company to serve on its audit committee, compensation committee...more
8/27/2012
- Nasdaq SEC
