Recently by N. Kathleen Friday
Finance
JOBS Act Eases IPO Process And Private Capital Formation
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”). The new law is designed to help smaller companies access the capital markets by easing private capital formation and reducing certain regulatory requirements for smaller...
Read MoreDelaware Court Upholds Airgas Board's Use Of Poison Pill
In a much-anticipated decision, the Delaware Chancery Court, on February 15, 2011, upheld the continuing use of a poison pill by the board of directors of Airgas, Inc. to fend off a year-long takeover attempt by Air Products and Chemicals, Inc.1In declining to order the redemption of the poison...
Read MoreSEC Adopts Say-On-Pay Rules: What Companies Need To Do Now
On January 25, 2011, the Securities and Exchange Commission (SEC) adopted rules implementing the shareholder advisory votes and related disclosures required pursuant to Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). Specifically, the rules will...
Read MoreDelaware Court Narrowly Interprets Advance Notice Bylaw Provisions
Companies should carefully review their bylaws in light of two recent rulings from the Delaware Chancery Court that narrowly interpreted the language in advance notice bylaw provisions. In JANA Master Fund, Ltd. v. CNET Networks, Inc., No. 3447 (March 13, 2008), the Delaware Chancery Court held...
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