The Securities and Exchange Commission (“SEC”) recently brought two enforcement actions against public companies regarding related party transaction (“RPT”) disclosures. The actions against Lyft and Maximus should remind...more
9/26/2023
/ Best Practices ,
Corporate Counsel ,
Disclosure Requirements ,
Enforcement Actions ,
Failure To Disclose ,
Form 10-K ,
Lyft ,
Publicly-Traded Companies ,
Related Parties ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
SPVs
The Supreme Court seldom takes up issues around the federal securities laws. But in June, it handed down an important decision involving Section 11 of the Securities Act. Section 11 imposes strict liability on companies when...more
7/6/2023
/ Initial Public Offering (IPO) ,
NYSE ,
SCOTUS ,
Section 11 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Shareholders ,
Slack ,
Slack Technologies Inc v Pirani ,
Unregistered Securities
On August 25, 2022, the Securities and Exchange Commission (the “SEC”) announced that it adopted a final rule requiring companies to disclose information that is intended to reflect the relationship between compensation paid...more
9/14/2022
/ CD&A ,
Compensation ,
Disclosure Requirements ,
Emerging Growth Companies ,
Executive Compensation ,
Foreign Private Issuers ,
GAAP ,
Pay-for-Performance ,
Principal Executive Officer ,
Regulation S-K ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholders ,
Smaller Reporting Companies ,
Total Shareholder Return (TSR)