Reg FD proposal
The New York Times has noted Sun's position that the SEC should allow disclosure via Internet, as I previously noted just below.
H/T Professor Bainbridge.
An M&A and corporate finance lawyer considers the law, his practice and other things.
The New York Times has noted Sun's position that the SEC should allow disclosure via Internet, as I previously noted just below.
Sun Microsystems thinks that SEC governed material disclosures should be allowed in forums other than conference calls and formal press releases, like on the CEO's blog. And Sun CEO Jonathan Schwartz and General Counsel Mike Dillon decided to do something about it.
I've written here before about some drafting issues, particular my dismay that very smart lawyers and good drafters have no idea how to use which and that. And this can be a problem because one is merely descriptive and one is actually limiting.
So, how do you define Controlling Shareholder for purposes of determining if the Revlon duites apply - as opposed to determining if the duty of loyalty is compromised thereby invoking the Enhance Fairness Test?
Well, I've been the unfortunate victim of blog spam. What a bunch of losers. Never fear, I have a list of businesses to never patronize. So, if you wish to comment, you gotta log in.
Why do so many lawyers get it wrong?