Publisher: Cooley LLP Author: Cydney Posner Coca-Colas decision to scale back the use of its equity compensation plan and adopt “equity stewardship guidelines” has certainly received a lot of press – for an equity plan, that is. Generally, under the…
SEC© Press Release 9/10/2014 SEC© Announces Fraud Charges against Biotech Company and Former Executive who failed to report Insider Stock Sales. Today, the SEC© announced charges against 28 officers, directors, or major shareholders for violating federal securities laws that require…
Publisher: NASPP At the same time that the IRS released regulations designed to clarify which restrictions constitute a substantial risk of forfeiture under Section 83, a recent tax court decision casts doubt on the definition in the context of employees…
Publisher: Reuters Author: Nate Raymond A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors…
Publisher: Morrison Foerster Author: Ze’-Ev Eiger In early February, the Division of Corporation Finance of the SEC© updated its guidance regarding share-based compensation disclosures in IPO prospectuses. The updates revise prior SEC© guidance recommending that issuers, in their disclosure of…
Publisher: Bloomberg Author: Jonathan Weil Last week, the SEC© scored a big victory in the success conviction of former SAC Capital Advisors LP fund manager Mathew Martoma. It followed a string of highly publicized successful criminal convictions of insider-trading allegations…
Publisher: Bloomberg Magazine Author: Bob Van Voris and Patricia Hurtado On February 6th, 2014, jurors in a Manhattan federal court found Mr. Mathew Martoma guilty on charges of insider trading for their 7th conviction in the SEC© investigation of SAC…
Published: Forbes Author: Daniel Fisher In SEC© enforcement cases, the Commission has had a policy where they accept a “no-admit, no-deny” settlement from defendants. Defendants get to close their case without having to admit or deny wrongdoing. Many cases have…
Publisher: Barnes & Thornburg LLP Authors: Brian E. Casey, Patrick J. Cotter, Anne N. DePrez, Larry A. Mackey, Vincent Schmeltz III, David L. Young In 2014, government regulators have continued to persist after insider traders both civilly and criminally; continuing…
Published by Morris, Manning & Martin, LLP U.S. Court Rejects Insider Trading Charges against Schvacho; "Total Vindication" for MMM Client Who Faced Unfounded SEC© Allegations. Recently, the U.S. District Court for the Northern District of Georgia this week ruled in…