Securities Regulation Updates from Cooley LLP

Exposure Draft re Topic 450 (formerly, FAS 5, Disclosure of Certain Loss Contingencies)

Thu, 22 Jul 2010 00:00:00 GMT

By Cydney Posner

FASB has issued its exposure draft on Statement No. 5, Disclosure of Certain ...

New SEC C&DIs Regarding Consents of Credit Rating Agencies

Thu, 22 Jul 2010 00:00:00 GMT

By Cyndey Posner

The SEC has released several new C&DIs regarding Securities Act rules in light of provisions of the Dodd-Frank Act, particularly the repeal of Rule 436(g) by Section 939G of the DFA. In general, Rule 436 requires companies to obtain the co...

Reform Bill Signed

Wed, 21 Jul 2010 00:00:00 GMT

By Cydney Posner

You too can watch the President sign the financial refo...

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Provisions Related to Corporate Governance and Executive Compensation

Mon, 19 Jul 2010 00:00:00 GMT

On July 15, 2010, the Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, following House approval on June 30, 2010. President Obama is e...

Senate Passes Financial Reform Bill

Thu, 15 Jul 2010 00:00:00 GMT

By Cydney Posner

The Senate has just passed (60-39) the regulatory reform bill, and it awaits President Obama's signature, expected sometime next week.

Wed, 14 Jul 2010 00:00:00 GMT

By Cydney Posner

At an open meeting this morning, the SEC voted to issue a concept release soliciting public comment on whether the SEC should propose revisions to its proxy rules to address the infrastructure supporting the proxy system, so-called "proxy plumbing." As Co...

Dodd-Frank Bill Update

Wed, 30 Jun 2010 00:00:00 GMT

By Cydney Posner

Per an article in The New York Times, The Dodd-Frank financial reform bill has won approval in the House, but, to secure the necessary votes, the Senate has delayed its v...

Important 9th Circuit Private Securities Litigation Reform Act Case Decided Today

Wed, 30 Jun 2010 00:00:00 GMT

In In re Cutera Securities Litigation, 10 CDOS 8329, the 9th Circuit today joined other federal courts of appeals in interpreting the protections of the Private Securities Litigation Reform Act's "safe harbor" in a disjunctive fashion, which is both consistent with the statutory language...

Will Dodd-Frank be Adopted by the Stated July 4 Goal?

Tue, 29 Jun 2010 00:00:00 GMT

By Cydney Posner

An article in The New York Times explains that the House and Senate would have to reo...

Supreme Court Upholds Constitutionality of SOX (mostly)

Mon, 28 Jun 2010 00:00:00 GMT

By Cydney Posner

Following is a link to the SEC's statement regarding the Supreme Court's decision in Free Enterprise Fund and Beckstead and Watts, LLP v. Public Company Accounting Oversight Board and United St...