Maryland awards offshore wind energy credits, the SEC Charges Ex-Nomura Traders, and the Ninth Circuit tosses a rate fixing suit against a JPMorgan Subsidiary

by Joshua Becker 

This week’s corporate law news roundup includes discussions of Maryland’s offshore wind energy initiative; the SEC’s recent charges against former head Nomura Traders; and the Ninth Circuit’s decision to end an energy rate fixing suit against a JPMorgan subsidiary.

 

 

 

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Maintenance payments: Can’t pay or won’t pay

The extent to which a parent should take financial responsibility for their child is an issue on which most people have a strong opinion. In his recent decision of Green v Adams [2017] EWFC 2017(read full judgment here) Mr Justice Mostyn made his position pretty clear, saying of Mr Adams ‘his parsimonious approach to the support of his son is little short of scandalous.’ Continue reading

SEC Suspends Enforcement of Certain Provisions of Conflict Minerals Rule, Increases Certain JOBS Act Caps and Releases Compliance and Disclosure Interpretations Relating to Regulation A Offerings

by Shudan Zhou and Jeanne Solomon

This week’s corporate law news roundup includes discussions of the SEC’s suspended enforcement of some of the conflict minerals rule’s most onerous provisions; the SEC’s action to increase the JOBS Act caps to adjust for the inflation that resulted in a $1.07 million crowdfunding cap and $1.07 billion cap on revenues of “emerging growth companies”; and the SEC’s newly released Compliance and Disclosure Interpretations (C&DIs) on Regulation A offerings.

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Supreme Court Will Resolve Split Over Regulation S-K Item 303, SEC Rejects Another Proposed Bitcoin ETF Listing, and California Federal Court Grants SEC Preliminary Injunction in Connection with Fraudulent EB-5 Scheme

by Shudan Zhou and Jeanne Solomon

This week’s corporate law news roundup includes discussions of the Supreme Court’s grant of certiorari to resolve a circuit split over whether Regulation S-K Item 303 may give rise to a Section 10(b) securities fraud claim; the SEC’s rejection of a proposed bitcoin ETF listing for a second time in a one-month period; and a California federal court’s grant to the SEC of a preliminary injunction in connection with a fraudulent EB-5 scheme claim.

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Gender pay in focus: snapshot due

Yesterday, which was the first gender pay gap snapshot date under the gender pay gap reporting rules that are now coming into effect, employers that are affected by the new rules will be preoccupied with collecting the raw data from which their statistics will need to be compiled. Continue reading

SEC Adopts Amendment to Shorten Settlement Cycle for Securities Transactions; Medical Device Company Files Reg A+ Offering, Seeks NYSE MKT Listing; and U.S. DOJ Fraud Section Publishes Guide to Evaluating Corporate Compliance Programs

by Jeanne Solomon

This week’s corporate law news roundup includes discussions of the SEC’s amendment of Rule 15c6-1(a) to shorten the settlement cycle for securities transactions to T+2, a Regulation A+ issuer’s plan to list its common stock on the New York Stock Exchange’s small-cap market, and the recent publication by the Fraud Section of the U.S. Department of Justice summarizing key topics and questions in evaluating corporate compliance programs.

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Surf’s up online – but is it safe?

Once there was a time when our mistakes lasted as long as our memories. But today, the internet has become a dominant media channel, and it has a very long (and public) memory. Protecting your privacy and reputation is now more than ever, a complex business. Continue reading

2017 Proposed Amendments to DGCL Released, SEC Sanctions Morgan Stanley for Failure to Implement Compliance Policies for Non-Traditional ETFs, and SEC Issues Reduced Whistleblower Award because of Culpability and Delay in Reporting

Coropate tunnel

by Nathan Jew and Jeanne Solomon

This week’s corporate law news roundup includes discussions of the 2017 proposed amendments to the Delaware General Corporation Law recently released by the Council of the Corporation Law Section of the Delaware State Bar Association, the SEC’s sanctioning of Morgan Stanley for failing to implement compliance policies and procedures for recommending single-inverse ETFs, and the SEC’s reduction of a whistleblower award due to the whistleblower’s culpability and delay in reporting

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Is it right to have to stay married?

Mr and Mrs Owens have been married for 37 years but sadly Mrs Owens feels that their marriage has irretrievably broken down and petitioned for divorce in 2015.
However, as Mr Owens had not committed adultery, and the parties had not been separated for two years, the only available route was to allege unreasonable behaviour.
This is a fairly standard approach, so far. Continue reading