In a recent opinion, the United States District Court for the District of Delaware dismissed a derivative complaint brought as a result of a negative shareholder advisory vote on executive compensation. The court found that...more
In a recent letter opinion, the Delaware Chancery Court dismissed an action brought under 8 Del. C. ยง145(e) for advancement of legal fees and expenses. Plaintiff David F. Miller III previously served as president, chief...more
The Financial Industry Regulatory Authority, Inc. (FINRA) (f/k/a National Association of Securities Dealers, Inc. (NASD)) filed with the SEC proposed rule changes intended to conform to certain requirements of the JOBS Act,...more
On August 21, 2012, Judge Richard G. Andrews of the United States District Court for the District of Delaware dismissed without prejudice a shareholder derivative action alleging that a corporation's 2010 proxy statement...more
On June 8, 2012, the Financial Industry Regulatory Authority (FINRA) filed with the SEC a proposed rule change increasing certain fees for filing documents under FINRA Rule 5110 (Corporate Financing Rule - Underwriting Terms...more