With earnings season rapidly approaching for many public companies, the uncertain and fluid nature of the COVID-19 pandemic is giving rise to complex determinations of what must, should, or can be disclosed and when. In light...more
Over the past week, several measures have been implemented to assist public companies impacted by the COVID-19 pandemic in meeting their disclosure and governance obligations. These measures include, among others...more
On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion stimulus package thought to be the largest in U.S. history. This is the third stimulus package adopted...more
On March 31, 2020, six counties in the San Francisco Bay Area, as well as the City of Berkeley, extended and tightened their March 16, 2020 orders for all individuals living in those locations to shelter in place to slow the...more
4/1/2020
/ Alameda County ,
Bay Area ,
City of Berkeley ,
Contra Costa County ,
Coronavirus/COVID-19 ,
Essential Functions ,
Executive Orders ,
Marin County ,
Non-Essential Businesses ,
San Francisco ,
San Mateo County ,
Santa Clara County ,
Shelter-In-Place ,
Social Distancing ,
State and Local Government
On March 26, the U.S. Securities and Exchange Commission (SEC) announced that it adopted a temporary final rule that provides relief from Form ID notarization requirements. A Form ID is an application for access to the SEC's...more
As the novel coronavirus disease (COVID-19) pandemic continues, the U.S. Securities and Exchange Commission (SEC) has been providing guidance and implementing measures designed to provide relief to various market...more
The novel coronavirus (COVID-19) is affecting all aspects of our clients' businesses, not to mention their personal lives. We are fielding numerous legal and practical questions in many different substantive areas and will...more
3/19/2020
/ Acquisitions ,
Annual Meeting ,
Board of Directors ,
Capital Raising ,
Compensation ,
Coronavirus/COVID-19 ,
Fiduciary Duty ,
Form 10-K ,
Form 8-K ,
Liquidity ,
Mergers ,
Securities and Exchange Commission (SEC) ,
Shareholder Activism ,
Shareholders ,
Shelter-In-Place ,
Stock Trades ,
Virtual Meetings
In the wake of the recent guidance issued by the U.S. Securities and Exchange Commission (SEC) on key performance indicators (KPIs) and metrics, which we discussed in this previous Client Alert, the SEC issued...more
On January 30, 2020, Chairman Jay Clayton (the chairman) of the U.S. Securities and Exchange Commission (SEC, or the commission) issued a statement related to 1) financial disclosures and performance metrics in light of the...more
As we previously discussed, on September 30, 2018, former California Governor Jerry Brown signed legislation intended to ensure that public companies headquartered in California have at least one female director. This...more