They built our country. They helped businesses large and small grow and succeed. At times they fought valiant battles to be protected against all-powerful oligopolies and at other times criticized for alleged corruption and misalignment of interests with their employers. Maybe Labor Day, just a...
My fellow Wharton grad Marty Lipton, the scion of venerable M&A law firm Wachtell Lipton and inventor of the poison pill, is adding to the drumbeat of folks suggesting that quarterly reporting by public companies might be bad. Why? Because it forces companies to focus...
Sometimes good things happen to good people. In this case folks filing public offerings and other registrations with the SEC will see a reduction in filing fees. The agency made the announcement yesterday. As of October 2015, the start of the SEC's fiscal year, the...
Despite the SEC's attempt to force the court to reconsider, the US Circuit Court of Appeals for the DC Circuit this week reaffirmed its decision from last year that parts of the SEC's required disclosure by public companies of their involvement with "conflict minerals" is...
Enter Ross, a so-called "artificially intelligent attorney," which students at the University of Toronto developed, according to the ABA Journal. This is for real. The students worked with IBM and the Watson computer, you know, the one that won on TV's Jeopardy. Ross can learn...
Audit Analytics has done a fascinating review of the Securities and Exchange Commission's penchant for issuing comment letters after reviewing public companies' quarterly and annual filings on Forms 10-K and 10-Q (like the one Apple got above). The Sarbanes-Oxley Act of 2002 mandated the SEC...
The Washington Post Sunday had a fascinating story about one of the just five public wifi locations in the city of Havana and how locals flock there daily to get on Facebook and communicate with loved ones. You still can't go to your cell provider and...
A sharply divided Securities and Exchange Commission approved rules mandated by the Dodd-Frank Act requiring most companies to disclose the ratio of their CEO's pay to their average median employee salaries. The two Republican commissioners strongly opposed the rules on various grounds. A controversial part...
A trial court in New York State earlier this week ruled on a most difficult question: should chimpanzees used by Long Island's Stony Brook University for research be treated the same as people and deserving of human rights? The case was brought by a group...