With continued headwinds that include rising interest rates, high inflation and the general sentiment of a recission that is always right around the corner, the outlook for merger and acquisition activity generally – and for...more
In early April, the Federal Reserve announced proposed terms for the Main Street Loan Program. The program is designed to provide small and medium-sized businesses that were in sound financial condition prior to the outbreak...more
The efforts of the U.S. Securities and Exchange Commission (SEC) to modernize and simplify public company disclosure rules continue, with the latest round of changes including a final order adopted on May 21, 2020 addressing...more
On April 30, 2020, the Federal Reserve Board (the Board) announced it is expanding the scope and eligibility for the Main Street Lending Program (the Program). When the initial terms of the Program were announced, the Board...more
On April 9, 2020, the Federal Reserve released term sheets for a Main Street Lending Program, a new program intended to provide liquidity to small and medium-sized businesses to help withstand the coronavirus crisis. The Main...more
The Delaware Chancery Court recently issued an opinion addressing two issues of first impression relating to the categories of persons who can assert a claim under the state’s unlawful dividend statute and the period within...more
The Delaware Supreme Court recently affirmed the dismissal of a co-founder’s claim that a private equity investor and its affiliated managers breached the implied covenant of good faith and fair dealing in connection with the...more
“Cybersecurity risks pose grave threats to investors, our capital markets, and our country.” That sober reminder appears at the beginning of the Securities and Exchange Commission’s February 21, 2018, Commission Statement and...more
A recent Delaware Chancery Court opinion highlights the flexibility of alternative entities such as limited liability companies, the court’s focus on enforcing contracts as written, and the limited circumstances in which the...more