In this issue:

- SEC Adopts Municipal Advisor Registration Requirements

- CFTC Grants LCH.Clearnet Time-Limited No-Action Relief to Clear Swaps Executed on DCMs or SEFs

- Ninth Circuit Rejects Securities Fraud Suit for Failure to Demonstrate Loss Causation

- Delaware Court Awards Attorneys’ Fees for Opposition’s Bad Faith Litigation Conduct

- IRS Provides Special Rules for Refund of Employer-Paid Taxes Related to Imputed Income for Same-Sex Spouse Benefits

- Excerpt from: Delaware Court Awards Attorneys’ Fees for Opposition’s Bad Faith Litigation Conduct:

The Delaware Court of Chancery recently held that a prevailing party in a lawsuit may be awarded attorneys’ fees when the opposing party engaged in bad faith litigation tactics, even when the prevailing party does not actually suffer damages in litigation because their counsel was working for free.