Corporate Law360 provides breaking news and analysis of legal and regulatory issues affecting companies and their counsel. Coverage includes emerging regulation, legislation, and litigation that broadly impacts corporations.
There is simultaneously abundant content about Congress’ recent efforts to repeal and replace the Affordable Care Act and minimal information that would assist the casual observer to make an educated guess about where these efforts are headed. However, the U.S. Senate offered some insight Tuesday when it voted to move ahead with the health care debate, says Michael Parme of Haight Brown & Bonesteel LLP.
Securities and Exchange Commission Chairman Jay Clayton suggested Wednesday that excessive disclosure requirements and their resulting compliance costs have discouraged or delayed companies from going public, signaling his desire to provide reporting relief to businesses traded on open capital markets.
The recent case of Tetraphase Pharmaceuticals illustrates that 10b5-1 trading plans continue to provide a defense to insider trading allegations in securities fraud suits. Because some courts have begun to examine these plans more closely, however, there are a number of “best practices” to consider, say Yafit Cohn and Karen Hsu Kelley of Simpson Thacher & Bartlett LLP.
An Italian citizen who created a global network of hijacked computers to run an auto-click scheme defrauded online advertisers by exploiting a vulnerability in the storage servers of one of the world’s leading data storage manufacturers to launch the scheme, federal prosecutors told a jury Tuesday.
U.S. Securities and Exchange Commissioner Michael Piwowar filed a public comment letter with the U.S. Department of Labor on Tuesday blasting its Obama-era rule requiring retirement advisers to act in their clients’ best interests.