Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Marc S. Reiser

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2017 Amendments to the Delaware General Corporation Law

Posted in SEC/Corporate
In its most recently completed session, the Delaware state legislature adopted amendments to various provisions of the Delaware General Corporation Law (DGCL). These amendments became effective August 1. While many of the amendments were technical in nature (e.g., amendments to the merger provisions of DGCL §§ 252, 253, 258 and 267 to consistently use the… Continue Reading

SEC Approves NYSE Amendments Regarding Notice Related to Dividends and Stock Distributions

Posted in SEC/Corporate
On August 14, the Securities and Exchange Commission approved a rule change which will now require New York Stock Exchange (NYSE)-listed companies to provide notice to the NYSE at least 10 minutes prior to any public announcement regarding dividends or stock distributions, whether or not such notice would be made after NYSE trading hours. The… Continue Reading

SEC Chairman Clayton Makes First Public Speech Outlining His Vision for the Commission

Posted in Derivatives, SEC/Corporate
On July 12, in his first major address since becoming Chairman of the Securities and Exchange Commission earlier this year, Jay Clayton outlined his vision for the SEC under his Chairmanship based upon eight guiding “principles” and his approach for implementing those principles into practice. In the speech, delivered at the Economic Club of New… Continue Reading