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Shareholders Short-Term Investments

White & Case LLP

Over 60 of the Nation's Leading Law Firms Respond to Investment Company Act Lawsuits Targeting the SPAC Industry

White & Case LLP on

Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company Act of 1940, because...more

Cooley LLP

Blog: Rulemaking petition seeks to rein in stock buybacks

Cooley LLP on

Almost 20 organizations, including the AFL-CIO and nonprofit consumer advocacy group Public Citizen, have filed a rulemaking petition with SEC “to revise Rule 10b-18 to curb manipulative practices by firms and encourage...more

Cooley LLP

Blog: Is there a business case for ESG?

Cooley LLP on

Do companies that ignore long-term environmental or social costs in the pursuit of near-term profits pay another price in foregoing potentially long-term sustainable profit opportunities? The Business Case for ESG, from the...more

Morrison & Foerster LLP - JOBS Act

Does Loyalty Count?

In recent years, there has been increased focus on “short-termism” within public companies—some speculate that the rise of high frequency trading, activism, and similar developments have exacerbated the focus on short-term...more

Dorsey & Whitney LLP

SEC Commissioner Stein On “Short-termism” and Corporate Boards

Dorsey & Whitney LLP on

Two issues of continued importance to shareholders and the U.S. capital markets were recently discussed by SEC Commissioner Kara Stein. One the Commissioner called “short-termism” while the other focuses on the composition of...more

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