Document(s) published by this organization: 106
Show: results per page
|Penalty for Head of Investor Relations - $50,000; Penalty for Company - $0; Regulation FD Compliance Program - Priceless|
Troy M. Calkins; Drinker Biddle & Reath LLP;
October 28, 2013, previously published on October 10, 2013The latest Regulation FD enforcement case brought by the Securities and Exchange Commission demonstrates the value to a public company of maintaining a rigorous Regulation FD compliance program. Regulation FD was adopted by the SEC in August 2000 to address concerns about the selective disclosure...
|PCAOB Proposes Changes to Audit Reports|
Elizabeth A. Diffley; Drinker Biddle & Reath LLP;
October 28, 2013, previously published on October 10, 2013The Public Company Accounting Oversight Board (PCAOB) has proposed two new auditing standards that would expand the content of audit reports as well as the auditor’s responsibility regarding information outside the financial statements. PCAOB Release No. 2013-005 (August 13, 2013) is...
|Chapter 9: An Rx for Health Care Districts and Public Hospital Authorities?|
Timothy R. Casey, Daniel Northrop; Drinker Biddle & Reath LLP;
October 28, 2013, previously published on October 14, 2013Four (4) recent chapter 9 cases by a public health care district in the Northern District of California and by local hospital authorities in Kentucky, Oklahoma and Texas-raise the issue whether chapter 9 may increasingly be seen as a means for public hospitals facing financial distress to...
|Merger Paying Common Shareholders $0 Found To Be Entirely Fair|
Todd C. Schiltz; Drinker Biddle & Reath LLP;
October 28, 2013, previously published on October 10, 2013On August 16, 2013, the Delaware Court of Chancery issued a post-trial opinion holding that the directors of Trados Inc. did not breach their fiduciary duties when approving a merger notwithstanding the fact that holders of common stock received nothing in the transaction.
|SEC Finally Proposes Pay Ratio Disclosure Rule|
Troy M. Calkins, Rachel M. Krol; Drinker Biddle & Reath LLP;
October 25, 2013, previously published on October 10, 2013Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted on July 21, 2010, requires the Securities and Exchange Commission to amend Item 402 of Regulation S-K to require disclosure of the median of the total annual compensation of all employees of an issuer...
|Congress Races to Prevent U.S. Default, End Shutdown and Lift Debt Ceiling|
Brian Gunn, Paul G. Moorehead; Drinker Biddle & Reath LLP;
October 18, 2013, previously published on October 17, 2013Tomorrow, October 17th, marks the deadline to extend the $16.7 trillion “ceiling” on additional borrowing by the United States government. Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) have agreed on a bi-partisan deal to reopen the federal...
|New TCPA Rules Take Effect on October 16, 2013|
Michael P. Daly, Seamus C. Duffy, Tara S. Sarosiek, Meredith C. Slawe; Drinker Biddle & Reath LLP;
October 17, 2013, previously published on October 15, 2013The Telephone Consumer Protection Act of 1991 (TCPA) places certain restrictions on telemarketing calls, text messages, and faxes. It has long been a favorite of the plaintiffs’ bar because it provides for statutory damages of $500 to $1500 per violation, which in the aggregate can lead to...
|Whistleblower Claims up the Ante: The Risks of Improper Customs Declarations Can Surpass Typical Penalty Actions|
Joan Koenig, Beata K. Spuhler; Drinker Biddle & Reath LLP;
October 16, 2013, previously published on October 10, 2013One of the most difficult compliance issues importers face is the identification and reporting of all required additions to the value of imported merchandise as dictated under the customs valuation statute, 19 U.S.C. § 1401a.
|Alleged STOLI Producers Found Guilty of Fraud and Other Criminal Charges|
Drinker Biddle Reath LLP;
October 11, 2013, previously published on October 7, 2013Earlier today, a jury in the United States District Court for the Southern District of New York found independent insurance producers Michael Binday, James Kergil, and Mark Resnick guilty of mail and wire fraud, and conspiracy to commit those offenses. The jury also convicted Kergil and Resnick of...
|HHS Clarifies Refill Reminder Rules|
Robyn S. Shapiro, Jeremy Shapiro-Barr; Drinker Biddle & Reath LLP;
October 2, 2013, previously published on September 26, 2013On September 19, 2013, the Department of Health and Human Services released guidance addressing HIPAA Privacy Rule limitations on how companies may remind patients to refill their prescriptions in exchange for remuneration (the Guidance). With limited exceptions, the Privacy Rule requires an...