New England Biz Law Update

All the Securities and Exchange Commission wants to do is eliminate a hotbed of fraud arising from trading shares of "shell corporations." You might think that such an admirable task would be universally endorsed. You would be wrong. "Shell" corporations ...

Companies are going public again (or talking about it), and the initial public offering can again be discussed, without embarrassment, in polite company. A business contemplating an IPO needs to address the composition of its board of directors well in ...

In the October 2003 SEC Watch, I outlined proposed Securities and Exchange Commission amendments requiring proxy disclosure of nominating committee practices, and establishing procedures for shareholder communications with the board of directors. In November 2003, the SEC adopted the proposed ...

The SEC is looking to make major amendments to the proxy statement disclosure rules.