| Remedies for Dissenting Shareholders and the Deadlocked Corporation |
| |
| Dissenting shareholders in a publicly-traded corporation may sell or otherwise dispose of their shares and seek as damages any lessening of value of the shares prior to the sale resulting from the matter causing the dissension. However, shareholders in a closely held corporation may not have a reasonable way to dispose of their shares and avoid dissension. Deadlocks among shareholders or directors of closely held corporations thus may result more often in litigation than such conflicts within publicly held corporations.More... |
| |
| Minority Shareholder Remedies |
| |
| Shareholders who control corporations either through majority ownership or ownership of sufficient shares in a particular corporate structure to exercise control have a duty of fairness to minority shareholders. In addition to such fairness required by courts, corporation statutes of most states provide for additional remedies for minority shareholders. Those remedies include appraisal rights, dissolution, and judicial intervention.More... |
| |
| Accelerated SEC Form 8-K Disclosure Requirements |
| |
| In response to Section 409 of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission adopted accelerated disclosure requirements for companies reporting developments on SEC Form 8-K. Prior to amending the Form 8-K reporting requirements, companies were required to disclose eight types of events within five business days or 15 calendar days depending on the event. The filing deadline has been decreased to four business days after the event occurs for all events that must be reported, with limited exceptions. More... |
| |
| Protection for Toxic Substances Control Act Whistleblowers |
| |
| Protection for Toxic Substances Control Act Whistleblowers
More... |
| |
| Antitrust Liability Limitations for Standards Development Organizations |
| |
| Under the Standards Development Organization Advancement Act of 2004, a standards development organization (SDO) that registers with the Department of Justice and the Federal Trade Commission will not be subject to treble damage liability in private antitrust actions. Also, the rule of reason rather than a per se illegal analysis will be used in evaluating the anti-competitive effect of any alleged antitrust violations by a registered SDO. More... |
| |
