Corporations & securities brief ~ SEC reconsiders Sarbanes-Oxley impact on foreign corporations
Leading Tuesday's corporations and securities law news, SEC Chairman William Donaldson stated in a speech today that the agency is considering changes to the Sarbanes-Oxley Act to ease burden on foreign companies. Companies in both...
Richard Posner, University of Chicago Law School:"There is a movement afoot, assisted by the strengthening of Republican control over Congress, to impose federal limits on tort litigation, particularly medical malpractice; premiums for malpractice insurance have soared in the last two...
Corporations & securities brief ~ SEC considers combined settlement in bond market probe
Leading Thursday's corporations and securities law news, the SEC is considering a combined settlement with several brokerage firms in its probe of the $204 billion auction-rate bond market. The SEC's investigation has uncovered several potential violations related...
Corporations & securities brief ~ SEC finalizes hedge fund rule
In Monday's corporations and securities law news, the SEC has released a final rule relating to the registration of hedge fund advisors with the agency by February 1. Critics charge that the SEC does not have the legal authority...
In Friday's corporations and securities law news, the Canadian unit of Credit Suisse First Boston (CSFB) will pay Canadian regulators $1.5 million Canadian to settle allegations it improperly traded shares of BCE, Canada's biggest phone company. This is the...
Corporations & securities brief ~ SEC investigates Analog Devices
In Wednesday's corporations and securities law news, the SEC is investigating Analog Devices Inc. over stock option awards given to officers and directors over the past five years. The Boston Business Journal has more.In other news, the SEC has...
Corporations & securities brief ~ Record labels sue Kazaa for copyright infringements
In Monday's corporations and securities news, several leading record labels, including EMI, Warner, Sony BMG and Universal, are suing Sharman Networks, the firm behind leading file-swapping software Kazaa in an Australian court. Sharman says it has no control over...
Environmental brief ~ Countries to ask for extension on methyl bromide use
In Tuesday's environmental law news, signatories of the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer meet this week to discuss the progress that has been made in the reduction of ozone depleting substances (ODS). It is...
Corporations & securities brief ~ Enron closes major asset, finalizes bankruptcy
In Thursday's corporations and securities law news, Enron Corp. has closed the $2 billion sale of its interest in three natural gas pipelines to CCE Holdings LLC, a joint venture of Southern Union Co. and GE Commercial Finance Energy...
Corporations & securities brief ~ Ken Lay's wife under investigation for Enron stock sale
In Wednesday's corporations and securities law news, federal officials are investigating former Enron Chairman Kenneth Lay's wife in connection with a $1.3 million Enron stock sale just days before the energy company went under. The couple's lawyer indicated the...
