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Shareholder Proposals in Proxy Statements: Rules of the Road

2024-03-19T23:54:29+00:00March 19th, 2024|Uncategorized|

Shareholders of a public company may desire to recommend certain actions to management or the board of directors. Under federal law, the rules for submitting shareholder proposals are set forth by the Securities and Exchange Commission (SEC). Specifically, SEC […]

Dating App Bumble’s High/Low Vote Structure Approved by Delaware Court

2024-03-19T23:54:24+00:00March 19th, 2024|Uncategorized|

A recent Delaware court decision reaffirmed that companies could implement an identity-based voting structure within a single class of stock. In Colon v. Bumble, Inc., the Delaware Court of Chancery, Delaware’s highest court, ruled that the dating app company […]

Elon Musk’s $55.8 Billion Equity Compensation Package Invalidated by Delaware Court

2024-03-19T23:54:39+00:00March 19th, 2024|Uncategorized|

In early 2024, the Delaware Court of Chancery ruled in favor of Tesla stockholders and struck down Elon Musk’s multibillion-dollar pay package. The chief Delaware judge presiding over the case, Chancellor Kathaleen McCormick, issued a 200-page decision that described […]

SEC’s Adoption of New Climate Disclosure Rules Increases Reporting Obligations for Companies

2024-03-19T23:49:31+00:00March 19th, 2024|Uncategorized|

At the beginning of March 2024, the Securities and Exchange Commission (SEC) adopted new climate disclosure rules that apply to U.S. publicly listed companies. While the new rules impose additional reporting obligations on public companies, they are weaker than […]

Stockholder Agreement Terms Invalidated by Delaware Court

2024-03-19T23:49:24+00:00March 19th, 2024|Uncategorized|

The Delaware Court of Chancery recently issued an important decision which invalidated multiple provisions of a stockholder agreement. In the case West Palm Beach Firefighters’ Pension Fund v. Moelis & Co., the court found multiple governance provisions in a […]

Open Market Share Repurchase Programs

2024-03-19T23:49:16+00:00March 19th, 2024|Uncategorized|

Overview of Share Repurchase Programs:

Many companies have programs in place to buy back their own shares from the marketplace. Companies should assess the various strategic considerations and legal implications involved before implementing a share repurchase program.

One common reason that […]

Private IPOs: The Latest Wall Street Trend

2024-03-19T23:49:12+00:00March 19th, 2024|Uncategorized|

Bankers, private equity firms, and institutional investors have been eyeing a new investment trend—private IPOs. With the public IPO market displaying a choppy performance over the past two years, investors are looking for alternative investment structures.

 

Enter the private IPO. […]

Negotiating Non-Disclosure Agreements

2022-07-26T23:05:12+00:00July 26th, 2022|Uncategorized|

In-house lawyers are likely to encounter non-disclosure agreements (“NDAs”) in a variety of different contexts. Sometimes called confidentiality agreements, NDAs are especially common in the M&A transactional context. In fact, a non-disclosure agreement is often one of the first […]

Understanding the Auditing Process: What General Counsel Need to Know

2022-06-24T05:05:06+00:00June 24th, 2022|Uncategorized|

Auditing is the process of evaluating a company’s financial statements according to set standards. While a company’s auditors have primary responsibility over auditing financial reports, lawyers regularly need to work alongside auditors and understand how to interpret audit reports. […]

At-the-Market (ATM) Offerings Rise in Popularity

2022-01-20T20:54:58+00:00January 19th, 2022|Uncategorized|

Photographer: Austin Distel | Source: Unsplash

Publicly traded startups and emerging growth companies can choose many ways to raise additional capital. One of these methods is an at-the-market offering, or ATM offering. Whether a public company seeks to […]

Burnout Among Employees During Pandemic Challenges Bosses

2022-01-26T22:12:23+00:00January 6th, 2022|Uncategorized|

Photo by Sammy Williams on Unsplash

More workers have reported a deterioration of their mental health and feelings of burnout since the pandemic began. According to a September 2021 study, more than half the workers surveyed reported a […]

Benefits of Mindfulness Meditation for Lawyers

2021-12-22T19:08:37+00:00December 21st, 2021|Uncategorized|

Photographer: Medienstürmer | Source: Unsplash

Meditation has been touted by celebrities and high-powered business executives. Similar to yoga and other wellness practices, mindfulness meditation is a multibillion-dollar industry. Industry leaders recognize […]

Graphic Design Platform Canva Reaches $15 Billion Valuation

2021-07-03T21:58:20+00:00June 22nd, 2021|Uncategorized|

Photo by NordWood Themes on Unsplash

Graphic design company Canva announced in April 2021 that it had attained a $15 billion valuation. The demand for collaborative platforms that facilitate visual communication has soared around the globe, and Canva […]

Proposition 24 Expands Digital Privacy Regulation in California

2021-12-22T19:07:09+00:00November 16th, 2020|General Counsel, Uncategorized|

California voters passed ballot measure Proposition 24, or the California Privacy Rights Act (CPRA), on November 3, 2020. The CPRA builds upon the California Consumer Privacy Act (CCPA) passed in 2018. The CCPA is already one of […]

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