Securities & Exchange Commission (SEC)

Compensation

Robyn Bew | National Association of Corporate Directors (NACD)

Editor: What trends is NACD seeing in executive compensation this proxy season? Bew: The say-on-pay vote results to date have been positive. Around 73 percent of Russell 3000 companies received greater than a 90 percent approval rating so far, which is slightly higher than what we saw for the...

Appellate Law

Kristin Feitzinger, Amir Rozen | Cornerstone Research

On June 23, 2014, the U.S. Supreme Court handed down its long-awaited decision in Halliburton Co. v. Erica P. John Fund.[1] The ruling affirms Basic Inc. v. Levinson,[2] but finds that defendants can introduce a direct price impact analysis prior to class certification. In Basic the...

Appellate Law

Miranda Schiller, David Schwartz | Weil, Gotshal & Manges LLP

As anticipated, a majority of the U.S. Supreme Court declined to overrule the fraud-on-the-market presumption of Basic v. Levinson.[1] The Court rejected Halliburton's opening argument that the presumption is misplaced because today many investors do not assume market efficiency or base...