By newyorklawjournal | New York Law Journal | August 9, 2017
Indenture Trustee Bank Lacked Right to Profit From Sale of Remaining REMIC Trust Assets
Delaware Business Court Insider
By Joseph M. McLaughlin and Yafit Cohn | August 9, 2017
Until the Delaware Supreme Court provides definitive word, managers and stockholders of Delaware corporations must make strategic decisions based on conflicting guidance on whether successive stockholders are barred from seeking to relitigate demand futility allegations.
By Joseph M. McLaughlin and Yafit Cohn | August 9, 2017
In their Corporate Litigation column, Joseph M. McLaughlin and Yafit Cohn of Simpson Thacher & Bartlett write: Until the Delaware Supreme Court provides definitive word, managers and stockholders of Delaware corporations must make strategic decisions based on conflicting guidance on whether successive stockholders are barred from seeking to relitigate demand futility allegations.
By newyorklawjournal | New York Law Journal | August 8, 2017
Breach Suit by REMIC Trusts' Residual Security Interest Holders Should Not Have Been Dismissed
By B. Colby Hamilton | August 8, 2017
Federal prosecutors dropped their case against Wall Street financier Benjamin Wey Tuesday after an evidence suppression order torpedoed their case.
By Margaret A. Dale and Mark D. Harris | August 8, 2017
In their Corporate and Securities Litigation column, Margaret A. Dale and Mark D. Harris write: The flurry of recent Initial Coin Offerings have raised questions as to whether, and in what circumstances, virtual currencies and digital tokens may be considered securities whose offer and sale are subject to federal registration requirements. A recent report by the SEC cautioning investors that digital assets may be securities is a turning point for the token marketplace and other blockchain-based mechanisms of alternative fundraising.
By Katayun I. Jaffari and Kimberly W. Klayman | August 8, 2017
On June 29, the Securities and Exchange Commission (SEC) announced that it is permitting all companies to file the paperwork for an initial public offering (an IPO) without immediately disclosing the IPO to the public. Further, companies will be permitted to immediately withdraw an IPO filing. Previously, this "nonpublic review process," known as the "stealth IPO rules," was only available to emerging growth companies. As of July 10, when the so-called "stealth IPO rules" went into effect, all companies, including those that would not be classified as emerging growth companies, have been able to take advantage of a confidential IPO process.
By B. Colby Hamilton | August 7, 2017
The move attempts to streamline the unwieldy flow of appellants coming out of a U.S. district courtroom into two groups.
By B. Colby Hamilton | August 7, 2017
The bank is the second in the sprawling suit to settle with so-called over-the-counter purchasers in the consolidated case in the Southern District.
By Sue Reisinger | August 4, 2017
Houston-based Archrock Partners has named Stephanie Hildebrandt as senior vice president and general counsel, effective Aug. 7. Archrock supplies natural gas contract compression services.
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