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Company Hammered with $1.75 Million Penalty for Failure to Disclose Executive Perquisites

SEC faults internal controls, employee training and requires retention of independent consultant - Using analysis that could easily be applied to other areas of disclosure, the SEC recently underscored the need for...more

SEC Expands Number of Companies that Qualify as “Smaller Reporting Companies”

On June 28, 2018, the SEC adopted amendments to the definition of “smaller reporting company” that are “intended to reduce compliance costs for these registrants and promote capital formation, while maintaining appropriate...more

U.S. Supreme Ct. Says Some Federal Securities Class Actions Can Be Litigated in State Courts

Words Are Important “Except” When They Are Not - Yesterday, the U.S. Supreme Court decided Cyan, Inc. et al. v. Beaver County Employees Retirement Fund. The Court addressed whether the Securities Litigation Uniform Standards...more

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