Outside Counsel with Outstanding Legal Tech Preferred

2021-04-15T22:37:12+00:00April 15th, 2021|General Counsel|

Image credit: Pixabay A recent article finds that in the past few years, law firms have internally adopted more technology; plus, they’ve also created their own legal tech for their clients. These can take the form of regulatory compliance portals and litigation risk management. The trend now is for more [...]

ARK Capital and the Rise of Themed ETFs: A Trend to Last?

2021-04-14T20:10:31+00:00April 14th, 2021|General Counsel|

Image credit: Marco Verch Exchange-traded funds (ETFs) were once a bland investment product. Cathie Wood, of Ark Capital, and the recent rise of themed ETFs has changed that dynamic. ETFs are suddenly becoming a much more fashionable investment product. Some of the trendiest themed ETFs invest in space exploration, electric [...]

The Underwriting Agreement: What it is and Why it is Important

2021-04-13T21:17:06+00:00April 13th, 2021|General Counsel|

Photo by Cytonn Photography on Unsplash There are a number of standard documents that lawyers must prepare for an initial public offering (IPO) of a company. The main document is the S-1 registration statement. The S-1 is filed with the Securities and Exchange Commission (SEC) and is publicly accessible on [...]

Chief Privacy Officer: Your Company’s General Counsel Might Need One

2021-04-12T21:14:18+00:00April 12th, 2021|General Counsel|

Photo by Mimi Thian on UnsplashA Chief Privacy Officer or “CPO” works in all aspects of an organization. This can include product, e-commerce, analytics, engineering, business development, human resources, customer care, publica relations, advertising, and more. A Chief Privacy Officer encounters issues that come from every part of the business.CPO [...]

Data Privacy Law in Virginia Enhances Consumer Protections

2021-04-07T21:03:13+00:00April 7th, 2021|General Counsel|

Image credit: Piqsels As elsewhere, in Virginia there is growing public concern about the use of personal data online. In response to this concern, the state of Virginia passed a law enhancing data privacy rights for consumers. On March 2, 2021, Governor Northam signed into law the Virginia Consumer Data [...]

Antitrust Law Reform and The Future of Big Tech Companies

2021-04-06T19:14:14+00:00April 6th, 2021|General Counsel|

Image credit: Piqsels The antitrust landscape in the United States is set to get tougher on large tech companies. On February 4, 2021, Senator Amy Klobuchar of Minnesota introduced the Competition and Antitrust Law Enforcement Reform Act (CALERA). If passed, this legislation would transform the federal antitrust laws. Google, Facebook, [...]

Demanding Clients: Coping Tips for Corporate Counsel

2021-03-30T21:43:51+00:00March 30th, 2021|General Counsel|

Image credit: Piqsels As a corporate lawyer, you come across a variety of clients. These clients may face similar legal problems, yet have widely varying communication styles and expectations. Any attorney who has been practicing law for a long enough time has encountered demanding clients. Demanding clients are those that [...]

Corporate Transparency Act Requires Disclosure of Beneficial Owners

2021-03-30T17:48:31+00:00March 29th, 2021|General Counsel|

Image credit: PiqselsOn January 2, 2021, as part of an effort to combat money laundering, the Senate passed the Corporate Transparency Act into law. The Corporate Transparency Act mandates private companies to disclose their “beneficial owners” to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a branch of the U.S. [...]

Executive Retention Grants: A Way to Keep C-Suiters Around

2021-03-30T18:19:05+00:00March 24th, 2021|General Counsel|

Executive photo by bruce mars on UnsplashIn the United States, there has been a surge in CEO turnover at large, publicly-traded companies. Most notably, Jeff Bezos announced at the beginning of 2021 that he would be stepping down as Amazon CEO. He did say that he would stay on as [...]

Elon Musk Social Media Posts Challenge Tesla General Counsel

2021-04-07T16:26:52+00:00March 22nd, 2021|General Counsel|

Image credit: PiqselsThe biggest task of Tesla’s general counsel: reining in CEO Elon Musk social media posts.A recently unsealed lawsuit alleges that Tesla’s board of directors failed to appoint a general counsel who could defend him or herself to the company’s controversial CEO.The statement shows Tesla’s limited options and that [...]

Data Integrity Should Be A Concern for Corporate Counsel

2021-03-30T19:11:37+00:00March 17th, 2021|General Counsel|

Data image credit: PiqselsCorporate law departments are beginning to understand their position in the fight for data integrity and cyber security. The general counsel’s office at many companies must now be prepared to assist in addressing some of the risks, such as the loss of key data, regulatory penalties, and [...]

Clawback of Executive Pay Can Reach Past and Future Compensation

2021-03-30T19:16:04+00:00March 16th, 2021|General Counsel|

Image credit: PiqselsExecutive pay clawback policies enable companies to recover compensation from their current and former executives under certain circumstances. Clawback situations often arises in the context of significant accounting scandals. They can also occur when companies underperform or when executives cause reputational harm. Companies may require executives to reimburse [...]

Investment Company Act of 1940 Enters Its 81st Year

2021-03-11T21:43:15+00:00March 11th, 2021|General Counsel|

The Investment Company Act of 1940, sometimes referred to as the 1940 Act, regulates investment funds. The regulation sets forth the criteria for defining a company as an “investment company.” Companies that the Investment Company Act regulates face stringent restrictions. The Securities and Exchange Commission (SEC) is responsible for imposing [...]

Illinois Privacy Law Forces $650 Million Class Action Settlement

2021-03-30T20:18:52+00:00March 8th, 2021|General Counsel|

Photo by Dayne Topkin on Unsplash Last week, Facebook became the latest company to settle up under the Illinois Biometric Information Privacy Act. This Illinois privacy law is designed to protect the state’s residents from invasive privacy practices. Facebook is to pay $650 million for its violations of the law. [...]

Electronic Trading Firms and Payment for Order Flows

2021-03-30T20:54:22+00:00March 2nd, 2021|General Counsel|

Image credit: PiqselsElectronic trading firms have become a rising force in financial markets. These firms engage in high-frequency trading using advanced computer algorithms. They also serve as market makers, providing trading services for investors that helps promote market liquidity. Some of the biggest industry players include Citadel Securities, Virtu Financial, [...]

Electric Car Project: Apple’s Quest for Manufacturing Partners

2021-03-31T18:34:34+00:00March 1st, 2021|General Counsel|

Image credit: PiqselsThe secret is out—as many had long speculated, Apple Inc. is working on an electric car project. Known as Project Titan, Apple’s car project could be a disruptive force in the automotive industry. Its goal would be to rival competition from both upstart electric vehicle makers, such as [...]

PIPE Transactions: A Growing Source of Private Financing

2021-02-26T05:23:52+00:00February 22nd, 2021|General Counsel|

Image credit: Tim Gouw on Unsplash A PIPE, or private investment in public equity, is a private placement of securities in a public company. This investment opportunity is only available to accredited investors, deemed to meet certain qualification standards as defined by the Securities and Exchange Commission (SEC). Historically, investors [...]

Short Squeeze Puts Tootsie Roll Industries in the Spotlight

2021-02-11T20:12:03+00:00February 11th, 2021|General Counsel|

Tootsie Roll Industries, the company behind a number of classic candies including their namesake chocolate taffy-like candy as well as Junior Mints, Charms lollipops, and Razzles, unexpectedly came into the media spotlight recently. Founded in 1896 by an Austrian immigrant, the company has traditionally maintained a low corporate profile. Who [...]

Lawsuit Objecting to Hospital Merger Dismissed by Maine Court

2021-02-09T20:42:10+00:00February 9th, 2021|General Counsel, Mergers & Acquisitions|

Image credit: News Center Maine A superior court judge in Maine recently dismissed a lawsuit objecting to the merger of a hospital in Dover-Foxcroft. The former Mayo Regional Hospital is now a part of Northern Light Health. The Northern Light Mayo Hospital provides advanced medical services to more than 26,000 [...]

GameStop Trading Mania: Next Steps by Financial Regulators

2021-02-06T20:54:12+00:00February 6th, 2021|General Counsel|

The last week of January 2021 unexpectedly turned out to be a wild week for stock markets and online forums focused on trading advice. It also cast an unlikely spotlight on a few previously anonymous day traders and their clashes with Wall Street. At the center of the story were [...]

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