Little Hoover Commission Votes To Approve Governor’s Reorganization Plan by Allen Matkins Leck Gamble Mallory & Natsis... on 5/23/2012 Yesterday morning, the Little Hoover Commission voted to approve the Governor’s Reorganization Plan, subject to the members appointed by the Speaker of the Assembly (Mark Vargas) and the Senate Rules Committee (Jonathan...more
Should the board consult the owners before implementing changes ? (Part III) by Heenan Blaikie LLP on 5/23/2012 In our previous posts on this topic, we looked at the level of consultation required when the board contemplates renovation to the condominium or changes to the services provided to the owners. Last post dealt specifically...more
Former Employee Blows the Whistle on Delaware Unclaimed Property Exposure by Reed Smith on 5/23/2012 In a recent unpublished decision, the Superior Court of Delaware, New Castle County, decided to allow a business entity’s former tax manager, joining with the attorney general for the state of Delaware, to proceed with a...more
Mergers & Acquisitions Law Report - May 7, 2012: Summary of Required Financial Statements of Businesses Acquired or to Be Acquired by Orrick, Herrington & Sutcliffe LLP on 5/22/2012 Reproduced with permission from Mergers & Acquisitions Law Report, 15 MALR 686, 05/07/2012. Copyright 2012 by The Bureau of National Affairs, Inc. Rule 3-05 of Regulation S-X requires audited financial statements to be...more
Partner May State FEHA Claim Against Partnership For Retaliation For Opposing Sexual Harassment Of An Employee Of The Partnership by Kronick, Moskovitz, Tiedemann & Girard on 5/22/2012 A California Court of Appeal recently held that the California Fair Employment and Housing Act (“FEHA”) supports a partner’s claim for retaliation against her partnership for opposing sexual harassment of an employee of the...more
FSA Issues Decision Notice Against Former BGC Senior Executive by Orrick, Herrington & Sutcliffe LLP on 5/22/2012 On 16 May 2012 the FSA published a decision notice which it has issued to Anthony Verrier, a former senior executive at BGC Brokers LP. The FSA decided to prohibit Mr. Verrier from performing any function relating to any...more
A Whole New Ball Game: SIFI Designations in the Dodd-Frank Paradigm by K&L Gates LLP on 5/22/2012 The process for designating systemically important financial institutions (“SIFIs”) under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is moving forward apace. On April 3, 2012, the Financial...more
Massachusetts Senate Considering Budget Amendment Limiting Compensation of Directors and Officers of Public Charities by Foley Hoag LLP on 5/22/2012 An amendment to the state budget under consideration by the Massachusetts Senate would cap the compensation of officers and senior managers and would prohibit the compensation of members of the board of directors of public...more
Sanctions Enforcement — An Increasing Risk by Michael Volkov on 5/22/2012 Everyone writes about the FCPA and the UK Bribery Act. Some are more willing to tackle export compliance. Given the Obama Administration’s reliance on sanctions as a foreign policy tool, companies need to address the...more
The Troubles With The New Crowdfunding Law? by Davis Wright Tremaine LLP on 5/22/2012 Everyone is very excited about the new crowdfunding-for-securities law. Crowdfunding is a great idea–in concept. And now we have a new law which is about to make crowdfunding for securities a reality, at least in some sense....more
G2 Compliance Report -- Keeping the Whistle Away From the Whistleblower: The Laboratory Compliance Officer’s Role in Qui Tam... by Mintz Levin - Life Sciences on 5/21/2012 Do you, as a laboratory compliance officer, want to spare your employer the disruption, expense, and burden of a government enforcement action? The answer, of course, is “yes.” The most effective and efficient way of doing so...more
Sellers Prepare: Health Care Due Diligence by Mintz Levin - Health Law on 5/21/2012 Originally published in Law360, New York (May 18, 2012, 4:38 PM ET) Health care transactions present unique due diligence challenges. The buyer must evaluate the seller’s compliance policies and procedures, arrangements...more
Federal Court Ruling Prompts NLRB to Drop New Procedures for Union Elections by Barger & Wolen on 5/21/2012 In light of a federal court ruling, Chamber of Commerce v. NLRB, the National Labor Relations Board (NLRB) has shelved controversial new regulations for determining whether a majority of employees wish to be represented by a...more
Nightmare Scenarios for an Internal Investigation by Michael Volkov on 5/21/2012 Everyone has tips on how to conduct internal investigations. The how-to articles present advice on how to conduct an internal investigation. Unfortunately, the reality is far more complex and risky. Behind many of the...more
SEC Implements Secure E-mail System for Confidential Submissions by Katten Muchin Rosenman LLP on 5/21/2012 Effective May 14, the Division of Corporation Finance of the Securities and Exchange Commission has implemented a secure e-mail system that allows it to receive confidential submissions from “emerging growth companies” (EGCs)...more