The Securities and Exchange Commission announced the entry of an order settling charges against a registrant relating to the failure to disclose fully perquisites and benefits provided to the former chief executive officer. In proxy statements from 2014 through 2018,
Corporate & Commercial
Commerce Initiates New Administrative Reviews on AD/CVD Cases
On June 8, 2020, the U.S. Department of Commerce published a notice initiating new Administrative Reviews for antidumping duty (AD) and countervailing duty (CVD) orders with April anniversary dates. Listed below are the countries and products named in the notice:…
DOL Issues Guidance about Private Equity Investments in 401(k) Plans
The Department of Labor’s recent pronouncement on the permissibility of investing 401(k) and other defined contribution plan assets in private equity has gotten wide-spread attention. Yet the guidance, which was issued in the form of an information letter, does not…
How to Resolve Competing Estate Plans of an LLC Owner with a Double Life
Man marries and has a daughter. He executes an operating agreement providing for his wife and daughter to take his LLC interest upon death. But the man has an alleged mistress, who allegedly begets a daughter out of wedlock. The…
Commercial Appeals Roundup
Tariff Exclusions for COVID-19 Products: Get Yours Before June 25!
If you import a product related to the medical response to COVID-19 that is subject to Section 301 China tariffs, you still have time to request an exclusion from the US tariffs, irrespective of whether you previously applied for…
Cleary Gottlieb Discusses Fed’s Main Street Lending Program
On May 28, the Federal Reserve published the structural and operational details of the Main Street Lending Program, releasing program documentation and updated FAQs. These documents are the final remaining pieces before the facilities open. Last week’s publication brings the…
Stakeholders Will Guide Companies out of This Crisis – and the Next One, Too
Companies will not survive Covid-19 unless they communicate with their stakeholders. As the world around them transforms, corporate leaders must welcome input from those on the front lines of corporate activity – primarily employees and consumers, but also local communities,…
What You Need to Know Before Opening Your Outdoor Tasting Room
As part of Maine’s phased reopening of its economy, breweries, distilleries, and wineries without restaurant licenses were deemed bars. As a result, in guidance issued by Maine’s Bureau of Alcoholic Beverages and Lottery Operations (BABLO) on May 14, 2020, breweries…
A Walk Down Memory Lane with the Liquidating Trust
One of the pleasures of life is re-encountering old friends, catching up on what’s happened while your lives have gone their separate ways, reminiscing about the good old days and reconnecting. It comes back so fast, it’s like you never…