This week we continue our weekly installment highlighting the best of the corporate and securities blogosphere for the past week. If you have other blog suggestions for us to check out, please feel free to put them in the comments!
1) Sheppard Mullin Corporate & Securities Law Blog: Trends Developing After First Month of Say-on-Pay Votes - It has already been a month since say-on-pay and say-on-frequency were enacted so it’s a good time to reflect on what has already taken place and what this means for other companies going forward. This post breaks down the 75 say-on-frequency votes that have taken place already.
2) Jim Hamilton’s World of Securities Regulation: Banking Industry Urges SEC and CFTC to Include Small Banks within Dodd-Frank Derivatives End-User Exemption - In this post, Hamilton discusses the American Bankers Association’s recent comment letter asking these agencies to exempt small banks from mandatory swaps clearing. Among other things, the ABA wants the asset threshold to be raised to $30 billion which would still only exempt a tiny portion of the massive swaps market.
3) TheCorporateCounsel: Clearing Up Confusion Over Audit Response Letters - In this post, Broc Romanek passes along a memo from Stan Keller of Edwards, Angell, Palmer & Dodge (Practice Center Contributor!) that tries to clear up confusion over the role of lawyer audit response letters under the ABA Statement and related AICPA auditing standard.
4) BlogMosaic: On-Again-Off-Again IPO is Off Again, Says Filer — Not So Fast, Says SEC - Wave2Wave’s IPO saga has been going on for a year already and their situation just got a bit trickier. In a move they haven’t made in over 7 years, the SEC denied the company’s request to withdraw its registration statement.
5) The D&O Diary: Vivendi Court Narrows Securities Suit Class, Applying Morrison - The Vivendi securities case is a rarity for a number of reasons, namely it is one of the few to actually go to trial and it also involves f-cubed claimants who gained infamy in the Supreme Court’s Morrison case. In this post, Kevin LaCroix discusses the case, including Judge Holwell’s recent decision to narrow the class based on Morrison.
Tags: AICPA, CFTC, Dodd-Frank Act, Morrison, say on frequency, say on pay, SEC, swaps clearing, Vivendi, Wave2Wave
You share in the PLI Practice Center community, so we just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our Terms of Service.