Proskauer Rose LLP

Mihalik v. Credit Agricole Cheuvreux: Second Circuit Clarifies Standard of Review of New York City Human Rights Law Claims
Nathaniel M. Glasser,Keisha-Ann G. Gray,Steven D. Hurd, May 24, 2013
On April 26, 2013, the Second Circuit held that New York City Human Rights Law ("NYCHRL") claims must be analyzed separately from federal and state discrimination claims and that the severe or pervasive standard of liability no longer applies to NYCHRL claims. Mihalik v. Credit Agricole...

NYSE and NASDAQ Compensation Committee Adviser Independence Rules Effective July 1, 2013
Ali D. Fawaz,Joshua M. Miller, May 24, 2013
Publicly traded companies are reminded of the approaching deadline for compliance with certain of the SEC-approved final amendments of the NYSE and Nasdaq stock exchange listing rules governing compensation committee independence: By July 1, 2013, compensation committees must have the authority to...

United Kingdom Aims to Minimise the Transition and Marketing Requirements For AIFMs Under AIFMD
May 24, 2013
On 13 May 2013, HM Treasury published a response document to its earlier consultation regarding transposition of the Alternative Investment Fund Managers Directive (AIFMD) in the UK, along with amended draft regulations and brief Q&As.