Category: Securities Law

SEC Issues Regulation SCI Upping Information Security Requirements for Key Market Participants

The SEC today published in the Federal Register its Regulation SCI (Regulation Systems Compliance and Integrity), which requires key market participants to have and implement written policies and procedures reasonably designed to ensure the…By: Latham & Watkins LLP Related Articles:…

Activist Bears Down On Omnova Shakeup With 3 Board Picks

Activist investor Barington Capital Group LP on Tuesday fleshed out its campaign for sweeping change at Omnova Solutions Inc., nominating a trio of directors it said are equipped to helm a turnaround effort for the slow-going specialty chemical maker. Related…

Board Decision-Making Lessons From Chancery

A Delaware Chancery Court decision in connection to a merger where C&J Energy Services Inc. shareholders were exchanging 100 percent ownership for 47 percent control in the post-merger entity due to tax reasons cautions that directors have obligations when selling…

Brazil-Backed Petrobras Accused Of Bribery In Class Action

State-owned energy giant Petroleo Brasileiro SA has been hit with a proposed securities class action in New York federal court for failing to disclose a multibillion-dollar bribery and money laundering scheme, attorneys said Monday. Related Articles: Marvell Seeks Tossing Of…

Justices To Consider Quick Appeal Question In Libor Suit

The U.S. Supreme Court on Tuesday will consider whether bondholders have the right to immediately appeal the dismissal of their antitrust claims against a slew of major banks accused of manipulating Libor even though broader multidistrict litigation over the alleged…