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Regulatory & Compliance
FTC Increases Thresholds for HSR Filings and Interlocking Directorates: Nearly $1 Billion Impact for HSR Notifications
On January 15, 2015, the U.S. Federal Trade Commission (FTC) announced revisions to the jurisdictional thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), which will become effective on February 20, 2015, and apply to transactions consummated on or after that date....
Read MoreBankruptcy & Restructuring
Slouching Towards Bankruptcy: Corporate Fiduciaries Escape Liability in Ultimate Escapes
As a company turns in the widening gyre of financial distress, its directors and officers are often confronted with situations that require them to make difficult decisions. Should things fall apart, those decisions may give rise to claims that directors or officers breached their fiduciary...
Read MoreAppellate Law
Counting Darts: U.S. Supreme Court To Address Circuit Split On Evidence Required In Notice Of Removal Under CAFA
The U.S. Supreme Court will soon address whether a defendant seeking removal to federal court is required to include evidence supporting the amount in controversy requirement in the notice of removal or whether it is sufficient to allege a “short and plain statement of the grounds for...
Read MoreAppellate Law
Supreme Court Rejects Laches Defense To Timely Copyright Infringement Claim
Introduction Prior to the U.S. Supreme Court’s May 19, 2014 decision in Petrella v. Metro-Goldwyn-Mayer, Inc.[1] the chances of being able to successfully sue Jimmy Page for stealing the opening acoustic guitar line of the classic 1970 song “Stairway to Heaven” would seem...
Read MoreFinance
Interview With Bridget Marsh, Deputy General Counsel Of The LSTA, On Meridian Sunrise Village
Griffiths: Before we get into details, can you tell us a little bit about the LSTA and your role at the LSTA? Marsh: The LSTA is the trade association for the corporate loan market. Since its formation in 1995, the LSTA has been dedicated to improving liquidity and transparency in the loan...
Read MoreInvestigations
Corporate Internal Investigations Alert: SEC Gives $300,000 Whistleblower Award To Employee Responsible For Compliance And Audit Functions
On August 29, 2014, the Securities and Exchange Commission (“SEC”) announced a whistleblower award of more than $300,000 for a company employee who performed audit and compliance functions.[1] The award, twenty percent of the amount the SEC collected in an enforcement action,...
Read MoreBoard of Directors
The Deal Compass – Inversions
Several U.S. companies have completed an inversion transaction to potentially reduce their tax rate and ensure that earnings arising from future growth outside the U.S. remain outside the U.S. tax system. In June of 2014, another inversion transaction, QLT Inc.’s acquisition of Auxilium...
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