Recently by Miranda S. Schiller
Bondholders Lose Battles To Accelerate Debt Based On Untimely SEC Filings - Part II
Part I of the article appearing in the June issue of The Metropolitan Corporate Counsel described reporting covenants at the center of recent cases involving default claims by bondholders arising out of the failure of companies to timely file their SEC reports. I. The Recent Cases 1....
Read MoreBondholders Lose Battles To Accelerate Debt Based On Untimely SEC Filings - Part I
As soon as Vitesse Seminconductor Corp. said it was under investigation for securities law violations that may delay routine regulatory filings, the Camarillo, California, maker of computer chips also learned it was about to be held up for ransom in the bond market. (Bloomberg.com, Sept. 12...
Read MoreSEC Adopts Rule 16(b) Amendments: Eliminates Uncertainty Caused By Sterling
In August 2005, the Securities and Exchange Commission (the "SEC" or "Commission") adopted the long awaited amendments (the "Amendments")1 to Rules 16b-3 and 16b-7 which it had proposed sixteen months earlier in response to the uncertainty created over the scope of the rules by the 2002 decision...
Read MoreThe SEC Proposes Amendments To Rules 16b-3 And 16b-7
In June 2004, the Securities and Exchange Commission (the "SEC") proposed amendments to Rules 16b-3 and 16b-7 in order to clarify the types of transactions that are excluded from Section 16(b) liability following the uncertainty created by the Third Circuit's decision in Levy v. Sterling Holding...
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