11 May 2004
As Amended
When you refer to the Securities Act of 1933, do you write "Securities Act of 1933, as amended?" If so, what do you accomplish by appending "as amended?" When you use the words "as amended," do you mean as it...
You are currently browsing the Free Law, Legal Information Blog weblog archives for May, 2004.
7 May 2004
Scrushy to SOX: “86 906!”
Last month Richard Scrushy's attorneys filed their much anticipated challenge to Section 906 of the Sarbanes-Oxley Act of 2002. For Corp Law Blog's carefully managed build-up to this great event, see "Scrushy to SOX: 'You're Illegal!'" and "Scrushy to SOX:...
6 May 2004
Solving the World’s Problems In SEC Reports
Once upon a time, the federal securities laws had the parochial goal of ensuring that companies provided investors with information material to investment decisions. These days those laws are spreading their wings to accommodate all sorts of goals. Earlier this...
5 May 2004
Technicolor Dreams Fade
On December 31, 1982, MacAndrews and Forbes Group acquired a little over 82% of Technicolor at $23.00 per share, and soon afterwards acquired the rest of the shares by a cash-out merger at the same price. Holders of 201,200 shares...
5 May 2004
What Weblogs Can Do To You
In "What Weblogs Can Do For You" (Illinois Bar Journal), Evan Schaeffer takes some shots at Corp Law Blog:Mike O'Sullivan's Corp Law Blog is as well written as any legal magazine. [faint praise, indeed] The blog's focus is suggested by...
4 May 2004
Barney Frank Proposes Eliminating Stock Options
In late April, Massachusetts Representative Barney Frank introduced a bill to eliminate stock options for executives and directors. Frank's "Executive Stock Option Profit Recapture Act (H.R. 4208)" (PDF) would achieve this result indirectly by limiting gains on the exercise of...
4 May 2004
The Martin Act: A Weapon of Mass Destruction
The four horsemen of corporate law? These days they're the '33 Act, the '34 Act, the Sarbanes-Oxley Act and the Martin Act. New York's Martin Act is a fierce sword of uncertainty when wielded by New York Attorney General and...