What Does The SEC Approved NASDAQ Diversity Proposal Mean For Boards?
Financing Challenges for Small Cap Companies
On June 21, 2024, The Nasdaq Stock Exchange (“Nasdaq”) filed a proposed rule change with the Securities and Exchange Commission to modify the application of the bid price compliance period as a result of which a company takes...more
The legal and regulatory landscape for MicroCap investing is ever-evolving, including challenges involving compliance with the rules of the U.S. Securities and Exchange Commission (SEC) and securities exchanges including...more
Recent weeks and months have seen regular coverage on the growing trend of large UK based companies exploring listings on US stock exchanges such as New York Stock Exchange (NYSE) and Nasdaq at the expense of the London Stock...more
On September 5, 2023, the Securities and Exchange Commission (the “SEC”) posted and declared effective a Nasdaq rule proposal modifying requirements related to a waiver of the code of conduct in Listing Rules 5610 and...more
FINRA punctuated its annual post-New Year’s Report on FINRA’s Examination and Risk Monitoring Program (the “Report”), by including a new target category “Financial Crimes.” The inclusion of this category is noteworthy not...more
How accurate is all the talk about never-ending inflation and an inevitable, brutal recession in 2023? Maybe not that accurate. The data seems to be telling a very different story. Earlier this month, Woodruff Sawyer hosted...more
Hardly the start to mid-June that we wanted, with markets around the world taking a beating on Monday. The Nasdaq was down more than 4.5%, the Dow nearly 2.8%, and the S&P 500 dipped into official bear market territory. Last...more
Glencore, a giant in the commodities and mining scenes, will pay $1.1 billion “to settle charges that two of its units bribed officials in several countries and manipulated oil prices,” a deal that follows “months of...more
Abbott Laboratories, the maker of Similac baby formula and the company at the heart of America’s current formula shortage, has reportedly “reached an agreement with U.S. health officials to restart production at its largest...more
In this time of market volatility, White & Case LLP partners Colin Diamond (Chair of US Public Company Advisory) and Henrik Patel (Global Head of Employment, Compensation and Benefits) address the securities law, tax and...more
In a major reversal of recent trends, workers at an Amazon warehouse not far from the first to unionize just last month rejected a similar effort to organize by a 2-1 margin. The result “was a setback for the upstart Amazon...more
Alphabet posted Q4 revenue of $75 billion that resulted in more than $20 billion of profit for Google’s parent company—a 32% increase from a year earlier. The figures topped analyst expectations across the board and sent...more
Tuesday saw another Dr. Jekyll/Mr. Hyde day on Wall Street, with markets diving to start the day before a late rally that petered out and left the Nasdaq down more than 2% and the S&P 500 down about half that...more
Former top student loan servicing giant Navient has “reached a $1.85 billion deal with 39 states to settle claims that it had made predatory loans that saddled borrowers with crushing debts they were highly unlikely to...more
Fed Vice Chair Richard Clarida is heading to the door earlier than planned in what appears to be continuing fallout from 2020 trades he made “as the central bank was poised to rescue financial markets.” Clarida corrected his...more
New York Federal Judge Colleen McMahon has “overturned the confirmation of Purdue Pharma’s Chapter 11 plan,” after determining that the bankruptcy court “did not have the legal right to release claims against the company’s...more
This practice note discusses recent market trends regarding registered direct offerings. It begins by discussing the advantages these offerings provide to issuers and continues with a review of current deal structure and...more
Section 312.07 of the NYSE Listed Company Manual provides that, where shareholder approval is a prerequisite to the listing of any additional or new securities of a listed company, or where any matter requires shareholder...more
An already challenging week for cryptos just got much worse, now that China’s central bank has declared “all cryptocurrency-related transactions . . . illegal, reinforcing the country’s tough stance against digital rivals to...more
The Biden Administration has nominated prominent Google critic Jonathan Kanter to lead the DOJ’s antitrust division. Kanter is “a longtime antitrust lawyer who has represented companies that argue they have been harmed by the...more
Tech stocks roared back on Tuesday just a day after the Nasdaq hit correction territory, as “buy-the-dip” won out and led to a nearly-4% jump for the tech-heavy index ...more
With Vice President Harris acting as the tiebreaker (and following a 15-hour amendment vote-a-rama), the Senate voted on Thursday to move forward with the White House’s $1.9 trillion Covid relief measure....more
On December 16, 2020, the New York Stock Exchange (“NYSE”) filed a proposed rule change to certain of its shareholder approval requirements, which would bring the NYSE’s shareholder approval rules into closer alignment with...more
The US Securities and Exchange Commission has approved New York Stock Exchange rule changes that will grant the exchange discretion to allow companies to raise money by selling common shares in registered direct offerings,...more
The European Union has unveiled a new antitrust probe and accompanying charges against Amazon over alleged the “use of non-public business data from independent sellers on its marketplace that could benefit the company’s own...more