Insights: The Corporate & Securities Law Advisor articles from September 2005

Insights: The Corporate & Securities Law Advisor archives from September 2005

Disney directors not liable, but questions remain.
September 1, 2005... The Delaware Chancery Court has found that the Disney directors did not breach their fiduciary duties to the Disney shareholders and did not commit corporate waste in connection with their decisions to hire and then terminate Michael Ovitz....

SEC restores exemptions from section 16(b) liability in merger transactions.
September 1, 2005... Recent amendments to Rules 16b-3 and 16b-7 under the Securities Exchange Act of 1934, which rules are relied on by insiders of issuers involved in merger, consolidation and reclassification transactions, reestablish much needed certainty....

Company proposals to declassify boards of directors.
September 1, 2005... Companies recently have requested that their stockholders declassify their boards of directors in record numbers, both on their own initiative and in response to non-binding stockholder proposals. In doing so, many companies wrestle with the...

2005 amendments to the General Corporation Law of the state of Delaware.
September 1, 2005... Legislation amending the General Corporation Law of the State of Delaware (DGCL) has been adopted by the Delaware General Assembly and signed by the Governor of the State of Delaware. The amendments, which became effective August 1, 2005, are...

Presentations by the director of the SEC Division of Corporation Finance at the ABA annual meeting.
September 1, 2005... The annual meeting of the American Bar Association in Chicago, IL August 5-9, 2005, included two presentations by Alan L. Belier, Director, SEC Division of Corporation Finance, at the meeting of the Federal Regulation of Securities Committee...