In this issue:
- SEC Division of Corporation Finance Issues 13 New and Revised C&DIs
- CFTC Issues Final Trade Execution Rules
- CFTC Issues Interpretive Guidance on Disruptive Trade Practices
- New York District Court Dismisses Complaint Alleging Foreign Antitrust Activity
- Massachusetts District Court Affirms Scienter Requirement of False Statement Crime
- Amendment of Public Company ESOPs may be Required
- Excerpt from: Amendment of Public Company ESOPs may be Required
Many public companies allow their employees to invest a portion of their retirement plan balances in company stock. By making a company stock fund an available investment in a 401(k) plan, employees may share the potential gains otherwise reserved for stockholders. If the stock fund is structured to meet the legal requirements of an employee stock ownership plan (ESOP), the company can get an extra benefit—dividends paid on public company shares held by an ESOP can be deducted by the company.
Please see full newsletter below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Antitrust Litigation, CFTC, Dismissals, ESOP, False Statements, Scienter, SEC
Published In: Antitrust & Trade Regulation Updates, Civil Procedure Updates, Finance & Banking Updates, Labor & Employment Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Katten Muchin Rosenman LLP | Attorney Advertising