Cadwalader, Wickersham & Taft LLP New York, NY Document Search Results (52)
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|M&A Update: Delaware Supreme Court Upholds Rural Metro Decision, but Financial Advisors Can Breathe a Sigh of Relief|
Joshua Apfelroth, Lindsey Kister, William P. Mills, Martin L. Seidel; Cadwalader, Wickersham & Taft LLP;
December 29, 2015, previously published on December 15, 2015In a November 30, 2015 decision, the Delaware Supreme Court upheld the Delaware Chancery Court’s $76 million damages award against RBC Capital in In re Rural/Metro Corp. S’holders Litig. The ruling, however, notably rejected the trial court’s characterization of financial advisors...
|CFTC / CME Settle Misappropriation Case|
Scott A. Cammarn, Douglas J. Donahue, Athena Yvonne Eastwood, Doron F. Ezickson, Steven Lofchie; Cadwalader, Wickersham & Taft LLP;
December 28, 2015, previously published on December 03, 2015On December 2, 2015, the U.S. Commodity Futures Trading Commission (“CFTC” or “Commission”) and the New York Mercantile Exchange (“NYMEX”) simultaneously announced settlements with Arya Motazedi, a gasoline trader, including for claims of insider trading under...
|The End of the Implied Certification Theory?: The U.S. Supreme Court Grants Certiorari in Case That Could Substantially Limit the False Claims Act|
Jonathan Bailyn, Keith M. Gerver, Adam S. Lurie, Brian T. McGovern, Anne M. Tompkins; Cadwalader, Wickersham & Taft LLP;
December 28, 2015, previously published on December 11, 2015On December 4, 2015, the United States Supreme Court granted certiorari in Universal Health Services, Inc. v. United States ex rel. Escobar. In Universal Health Services, Inc., the Supreme Court will decide the legal validity of the “implied certification” theory of False Claims Act...
|CFTC Extends No-Action Relief for Swaps Executed as Part of Certain Package Transactions|
Athena Yvonne Eastwood, Andrew M. Greenberg, Neal E. Kumar, Michael Selig; Cadwalader, Wickersham & Taft LLP;
December 7, 2015, previously published on November 30, 2015On October 14, 2015, the Division of Market Oversight (“DMO”) for the U.S. Commodity Futures Trading Commission (“CFTC”) issued an additional extension of no-action relief for swaps executed as part of “package” transactions.1 This relief provides additional time...
|Treasury Announces Second Anti-Inversion Notice|
Christopher T. Cox, Richard M. Nugent, Linda Z. Swartz, Edward S. Wei; Cadwalader, Wickersham & Taft LLP;
November 30, 2015, previously published on November 20, 2015On November 19, 2015, Treasury issued Notice 2015-79 (the “Notice”), which announces Treasury’s intent to issue regulations reducing the tax benefits available to inverted groups and making it more difficult for some U.S. companies to invert. The Notice, which includes rules...
|CFTC Releases Swap Dealer De Minimis Report|
Sohair A. Aguirre, Athena Yvonne Eastwood, Jonathan H. Flynn, Andrew M. Greenberg, Neal E. Kumar; Cadwalader, Wickersham & Taft LLP;
November 30, 2015, previously published on November 20, 2015CFTC Staff’s Preliminary Report on whether to modify the swap dealer de minimis threshold highlights the difficulty in identifying swap dealing activity and problems with swap data reporting
|Albany County Supreme Court Upholds $199,000 “Hard Cap” on State Funded Executive Compensation, While Striking “Soft Cap” on Funding From All Sources|
Christina T. Holder, Pamela Landman, Brian T. McGovern; Cadwalader, Wickersham & Taft LLP;
November 30, 2015, previously published on November 25, 2015On November 13, 2015, the New York State Supreme Court, Albany County issued a decision in LeadingAge et al. v. Shah,1 upholding in part and invalidating in part regulations issued by the Department of Health to implement Executive Order 38, limiting executive compensation and administrative...
|ISS Accepting Company-Selected Peer Group Submissions, including, for the first time, companies in the Russell MicroCap Index|
Christopher T. Cox, William P. Mills, Gillian Emmett Moldowan; Cadwalader, Wickersham & Taft LLP;
November 30, 2015, previously published on November 23, 2015Companies in the Russell 3000 and Russell MicroCap Index with annual meetings scheduled between February 1, 2016 and September 15, 2016 may submit updates to their self-selected compensation benchmarking peer groups from 9:00 AM EST on Tuesday, November 24, 2015 through 8:00 PM EST on Friday,...
|M&A Update: Chancery Court Finds Merger Price to be Most Persuasive Factor in Appraisal Action|
Joshua Apfelroth, Gregory A. Markel, William P. Mills, Brittany Schulman, Martin L. Seidel; Cadwalader, Wickersham & Taft LLP;
November 5, 2015, previously published on October 28, 2015In a recent decision in an appraisal action, the Delaware Chancery Court reaffirmed the Court’s reluctance to substitute its own calculation of the “fair value” of a target company’s stock for the purchase price derived through arms-length negotiations, provided it resulted...
|Prudential Regulators Release Final Margin Rules for Swaps|
Steven Lofchie, Nihal S. Patel, Jeffrey L. Robins; Cadwalader, Wickersham & Taft LLP;
October 29, 2015, previously published on October 23, 2015On October 22, 2015, the Federal Deposit Insurance Corporation held an open meeting at which it voted to adopt: (i) final rules governing margin and capital requirements for uncleared swaps1 and (ii) an interim final rule to implement statutory amendments excluding certain entities from the...