While Rule News Today

Section 3(a)(5) of the Securities Exchange Act of 1934 defines the term “dealer” to mean “any person engaged in the business of buying and selling securities . . . for such person’s own...

The Supreme Court recently took away an often-used weapon by shareholder plaintiffs in securities fraud cases, ruling that "pure omissions" from periodic SEC filings (absent any other duty to disclose) are not actionable under SEC Rule 10b-5.

In a scathing condemnation, a coalition of animal protection organizations in India has slammed the recently enacted Captive Elephant (Transfer or Transport) Rules, 2024, as riddled with loopholes that endanger captive elephants. The joint statement, signed by People for Ethical Treatment of Animals (PETA) India, the Centre for Research on Animal Rights (CRAR), Heritage Animal

When a public REIT acquires or disposes of real estate, the transaction may trigger financial disclosure requirements under SEC rules and guidance. Specifically, Rule 3-14 of Regulation S-X...

When a public REIT acquires or disposes of real estate, the transaction may trigger financial disclosure requirements under SEC rules and guidance. Specifically, Rule 3-14 of Regulation...

SEC proposed to amend its rules to require issuers to disclose share repurchases on a new Form SR which must be furnished before the end of the first business day on which the share repurchase has been executed.  Unfortunately, this requirement is fraught with ambiguities.

The Tiger’s modest investment payed off very well, and should continue to pay off next year.

To embed, copy and paste the code into your website or blog: What are the ethical obligations of a California lawyer for a client with diminished mental capacity?  The ethics committee of the State Bar of California answers this key question in draft Formal Opinion No. 13-0002, with public comment due by August 24, 2021. While all lawyers may represent clients who have questionable capacity, the situation arises with frequency and urgency for estate planning attorneys.  The opinion interprets...

To embed, copy and paste the code into your website or blog: On February 2, 2021, the United States Court of Appeals for the Eleventh Circuit issued a significant decision holding that a putative class representative does not need to establish an administratively feasible method to identify absent class members as a pre-requisite for class certification under Federal Rules of Civil Procedure 23 (Rule 23).  The case is Deepening a circuit split, the Eleventh Circuit joined the Second, Seventh,...