“Chicago Mix:” Generic or Trademark?
The heat is rising in a battle that pits small popcorn manufacturer Candyland, Inc. against industry giants Cornfields and Snyder’s-Lance.
Chevedden Director Tenure Proposal Fails at Costco
A shareholder proposal sponsored by activist John Chevedden aimed at limiting long-tenured directors at Costco failed by a substantial margin at Costco’s annual meeting this year.
GE Adopts Proxy Access Bylaw
General Electric announced that it amended its bylaws to allow a shareholder or a group of up to 20 shareholders that has owned three percent or more of the company’s stock for at least three years to nominate and include in the company’s proxy materials directors constituting up to 20 percent of the board.
SEC Proposes Rules for Disclosure of Hedging Policies
Last week, the SEC proposed rules to enhance corporate disclosure of company policies for hedging transactions engaged in by directors, officers and other employees.
Glass Lewis Shares Views on Proxy Access Proposals
Glass Lewis, a prominent proxy advisory firm, has now added its views to the proxy access battlefront.
Cybersecurity as a Board Priority
In the wake of headline-making cyber breaches and class action lawsuits for data losses, companies face growing scrutiny and evolving legal and regulatory standards.
Company’s 10-K Disclosure of Legal Proceedings Leads to Employee Retaliation Claim
A recent Seventh Circuit decision suggests public companies should take care when disclosing employment-related litigation.
SEC Okays Five-Day Period for Certain Tender Offers
Typically, a public offer to purchase a substantial amount of a company’s debt or equity securities must remain open for 20 business days, in order to allow holders sufficient time to make an informed decision to participate.
Second Circuit Says Failure to Meet MD&A Requirements Can Lead to 10b-5 Liability
In Stratte-McClure v. Morgan Stanley, the Second Circuit held that the MD&A disclosure rules set forth in Item 303 of Regulation S-K can give rise to a Rule 10b-5 claim.
NYSE Proposes Related Party Approval Exemption for Early Stage Companies
The NYSE has proposed amending its listing standards to exempt early stage companies from the requirement to obtain shareholder approval before issuing shares to related parties and affiliates.