On December 4, 2020, the SEC brought its first case charging a public company, The Cheesecake Factory, with making misleading disclosures about the effects of COVID-19 on its business operations and financial condition. The...more
12/8/2020
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Securities and Exchange Commission (SEC)
The Nasdaq Stock Market has adopted a new rule, Rule 5635T, intended to provide limited, temporary relief from the requirement to obtain stockholder approval for certain capital-raising transactions during the COVID-19...more
What do Massachusetts public companies need to know now?
Q: WHY WAS AN EMERGENCY ORDER NECESSARY?
A: Section 7.08 of the Massachusetts Business Corporation Act, or MBCA, prohibits public companies incorporated in...more
As efforts to contain the spread of COVID-19 gain steam, companies may consider whether to hold a virtual annual meeting rather than a traditional in-person meeting.
To that end, the SEC staff has offered public companies...more