On July 17, 2023, the Governor of the state of Delaware signed Senate Bill 114 amending the General Corporation Law of the State of Delaware (DGCL), which will become effective on August 1, 2023. Among other things, the...more
On February 15, 2023, the Securities and Exchange Commission (SEC) adopted final rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade...more
On December 14, 2022, in its final meeting of the year, the Securities and Exchange Commission adopted final rules relating to Rule 10b5-1 trading plans....more
Assembly Bill 979 (the Bill), signed into law by Gov. Newsom on September 30, 2020, required all public companies with a principal executive office in California to have at least one director from an underrepresented...more
4/8/2022
/ Board of Directors ,
California ,
Constitutional Challenges ,
Corporate Governance ,
Diversity and Inclusion Standards (D&I) ,
Equal Protection ,
Injunctions ,
New Legislation ,
Publicly-Traded Companies ,
Securities Regulation ,
State Constitutions ,
Woman Board Members
On Wednesday, March 30, 2022, the Securities and Exchange Commission (SEC) proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings (IPOs) and in business combination...more
4/7/2022
/ Capital Markets ,
Capital Raising ,
Comment Period ,
Initial Public Offering (IPO) ,
Investment ,
Investor Protection ,
Proposed Amendments ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Special Purpose Acquisition Companies (SPACs)
2021 is in the books…another eventful year on so many different fronts. For financial institutions, it was a year in flux, with various governmental appointments taking on new importance in the day-to-day life of banks. ...more
1/11/2022
/ Acquisition Agreements ,
Bank Merger Act ,
Banks ,
Competition ,
Coronavirus/COVID-19 ,
Employees ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Hiring & Firing ,
Infectious Diseases ,
Interest Rates ,
Merger Agreements ,
Resignation
Bank mergers and acquisitions are on the rise, with the total number of bank M&As in 2021 surpassing that of 2020. With this increase, institutions should pay close attention to trends and new regulatory guidelines to prepare...more
9/15/2021
/ Acquisitions ,
Banking Sector ,
Banks ,
Best Practices ,
Continuing Legal Education ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinTech ,
Mergers ,
Professional Plaintiffs ,
Webinars
About the Interim Final Rule -
On January 19, 2021, the Small Business Administration (SBA) published new Loan Forgiveness Requirements and Loan Review Procedures pursuant to an Interim Final Rule, or IFR (the PPP...more
Without much fanfare, the Small Business Administration (SBA) has started investigating borrowers of larger Paycheck Protection Program (PPP) loans to obtain information about their business activities. The SBA has asked...more
On May 15, 2020, the Small Business Administration (SBA) published a form of the loan forgiveness application for borrowers of Paycheck Protection Program (PPP) loans under the CARES Act. The application provides instructions...more
Earlier this month, the House of Representatives approved in a landslide vote the Improving Access to Capital Act (HR 2864), which would extend the use of Regulation A, an exemption from registration under the Securities Act,...more