Search Results for: shareholders

JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer in Kabul offers his observations and perspective on the state of the Afghan judicial system and the apparently-terminal plight of private law firms in the country [...]

Chairman of the House Ways and Means Committee, Richard Neal, on Monday announced continued consideration of legislative proposals for marking up the Build Back Better Act, chief among which is a proposal to increase the corporate income tax rate from 21% to 26.5% and the top individual income tax rate from 37% to 39.6%. The [...]

“I was told there would be no math…” Lawyers often joke that they went to law school because they thought it meant they would never see another math problem. However, as more companies move their legal departments in-house, these organizations need their head lawyer to be both legally and financially fluent. Initially, the move toward [...]

The Supreme Court ruled on Wednesday in Collins v. Yellen, that the decision to restrict the President to remove the Federal Housing Finance Agency (FHFA) director violated the separation of powers. The 7-2 ruling formed in two parts addressed the issues of whether Congress could limit the President’s ability to remove the FHFA director from [...]

A three-judge panel of the US Court of Appeals Ninth Circuit ruled unanimously Monday that a corporate shareholder has the right to challenge the constitutionality of California Senate Bill 826 (SB 826), which stipulated a minimum number of female board members for all public corporations headquartered in California. The suit was filed in 2019 by [...]

The US Supreme Court on Monday vacated and remanded a shareholder class action suit against Goldman Sachs, sending the case back to the lower court to determine whether alleged misstatements by Goldman Sachs were too general to have affected its stock price. The suit, filed in 2011, alleged that Goldman Sachs artificially inflated its share [...]

The US Supreme Court heard oral arguments Monday in Goldman Sachs Group v. Arkansas Teacher Retirement System. In this class action suit, Arkansas’ largest retirement fund and other shareholders claim to have lost more than $13 billion between 2007 and 2010, due to false statements in the bank’s regulatory filings and public comments. They allege [...]

Senate Democrats on Thursday introduced a resolution to undo a Trump-era rule that curbed shareholder voting rights. The resolution seeks to change a rule issued by the Securities and Exchange Commission (SEC) last November that raised the ownership threshold for when a shareholder can force a vote on specific issues. The SEC claimed the change [...]

A judge for the US District Court for the District of Columbia granted an injunction Friday preventing the Department of Defense (DOD) from enforcing restrictions against Chinese smartphone maker Xiaomi. Earlier this year, the DOD designated Xiaomi a “Communist Chinese Military Company” (CCMC) pursuant to Section 1237 of the Defense Authorization Act for the Fiscal [...]

The US Supreme Court agreed on Friday to review the issue of whether shareholders can bring class action lawsuits that allege securities fraud. In Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement, the questions the court has agreed to address are: Whether a defendant in a securities class action may rebut the presumption of classwide [...]