United States: Supreme Court Rejects Perpetual Tolling Of Section 16(B) Claims Against Corporate Insiders - Milbank, Tweed, Hadley & McCloy LLP
In a decision issued earlier this week, Credit Suisse Securities (USA) LLC v. Simmonds, the Supreme Court held that the two-year time limit for bringing an action under Section 16(b) of the Securities and Exchange Act of 1934 is not tolled by the corporate insider’s failure to file a Section 16(a) disclosure statement.
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Found more than 1 month ago on channel
Mondaq
United States: Securities And Commodities Litigation - Milbank, Tweed, Hadley & McCloy LLP
A discussion on a securities class action asserting claims under Sections 11 and 12 of the Securities Act of 1933, where the complaint alleged that the registration statement and prospectus accompanying a follow-on equity offering contained materially false and misleading statements.
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Found more than 1 month ago on channel
Mondaq
United States: SEC Adopts Final Conflict Minerals Disclosure Rules - Milbank, Tweed, Hadley & McCloy LLP
On August 22, 2012, the Securities and Exchange Commission (the "SEC") adopted final rules to implement Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Found more than 1 month ago on channel
Mondaq