Document(s) published by this organization: 48
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|CBP’s Approach to CEEs Continues to Evolve|
Kathleen M. Murphy, Mollie D. Sitkowski, Beata K. Spuhler; Drinker Biddle Reath LLP;
April 17, 2014, previously published on April 15, 2014On March 28, 2014, U.S. Customs and Border Protection (CBP) posted an updated version of its procedures for its Centers of Excellence and Expertise (CEEs) in response to a recent Federal Register notice and policy shifts by its headquarters. Importantly, CBP formalized its announcement that it will...
|President Authorizes Sanctions in Response to Unrest in South Sudan|
Drinker Biddle Reath LLP;
April 17, 2014, previously published on April 4, 2014On April 3, 2014, President Obama issued an Executive Order (EO) authorizing sanctions against certain persons found responsible for the recent violence in South Sudan. The President declared a national emergency to deal with the threat to the peace, security, and stability of South Sudan and the...
|Marubeni Plea Agreement Suggests There May Be More FCPA Charges to Come|
Charles S. Leeper, Gregory A. Mason; Drinker Biddle & Reath LLP;
April 1, 2014, previously published on March 28, 2014In a March 19, 2014 Plea Agreement, the Japanese trading company Marubeni Corporation agreed to plead guilty in the U.S. District Court for the District of Connecticut to a criminal information charging a conspiracy to violate the Foreign Corrupt Practices Act, and seven substantive violations of...
|SEC Holds Cybersecurity Roundtable|
Gregory A. Mason, Mark H.M. Sosnowsky; Drinker Biddle & Reath LLP;
April 1, 2014, previously published on March 31, 2014On Wednesday, March 26, 2014, the Securities and Exchange Commission conducted a roundtable discussion on cybersecurity and the issues and challenges cyber-threats present for public companies, exchanges, and market participants. The roundtable consisted of four separate panel discussions and...
|“Housekeeping” Updates for Public Companies|
Elizabeth A. Diffley; Drinker Biddle & Reath LLP;
March 31, 2014, previously published on March 2014NASDAQ is requiring that listed companies submit a Compensation Committee Certification to certify compliance with the amended compensation committee requirements in NASDAQ Listing Rule 5605(d) and IM-5605-6. The certification must be submitted to NASDAQ no later than 30 days after a listed...
|Kahn v. M&F Worldwide Corporation: Delaware Supreme Court Clarifies Standard of Review for Interested Transactions|
Joseph C. Schoell; Drinker Biddle & Reath LLP;
March 31, 2014, previously published on March 2014In Kahn v. M&F Worldwide Corp., --- A.3d ---, No. 334, 2013 (Del. March 14, 2014), the Delaware Supreme Court upheld the finding of the Delaware Court of Chancery that, in certain circumstances, a transaction with a controlling stockholder may be protected by the business judgment rule, if the...
|Jumpstart Our Business and Put it in Neutral|
Brian J. Lynch, Kelly D. Martin; Drinker Biddle & Reath LLP;
March 31, 2014, previously published on March 2014In December 2013, the Staff of the Securities and Exchange Commission’s Division of Corporation Finance issued to Congress its “Report on Review of Disclosure Requirements in Regulation S-K” (the S-K Study) that originally was mandated by the JOBS Act. The S-K Study can be found...
|ISS Releases QuickScore 2.0 Ratings|
Jennifer J. Card, Kimberly K. Rubel; Drinker Biddle & Reath LLP;
March 31, 2014, previously published on March 2014ISS has released a modified governance ratings methodology called QuickScore 2.0. QuickScore analyzes and quantifies corporate governance under four pillars: board structure; shareholder rights; executive compensation; and audit. Companies are assessed a numerical rating from one to ten among each...
|State Fines Defense Manufacturer $20 Million for ITAR Violations|
David N. Kay, Joan Koenig; Drinker Biddle & Reath LLP;
March 28, 2014, previously published on March 21, 2014On March 6, 2014, the Directorate of Defense Trade Controls (DDTC) within the Department of State announced it had entered into a $20 million settlement agreement with Esterline Technologies Corp., a Washington-based specialized manufacturer. Esterline agreed to settle claims over hundreds of...
|IRS Issues Final Regulations on Property Transferred for Services Under Section 83|
Sharde Armstrong, Mona Ghude, Sharon L. Klingelsmith; Drinker Biddle & Reath LLP;
March 28, 2014, previously published on March 27, 2014The Treasury Department (Treasury) and Internal Revenue Service (IRS) have issued final regulations clarifying the forfeiture provisions under Section 83 of the Internal Revenue Code of 1986, as amended, for transactions occurring after January 1, 2013. The regulations were issued on February 25,...