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Books and records requests
By Jon Oebker
In a feature article for the Cleveland Metropolitan Bar Journal, Jon Oebker examines how the century old right of shareholders to inspect corporate records is used as a modern day litigation tool. The article is available online …
Is representation and warranty insurance really all that?
By Ludgy LaRochelle
Famed British motivational speaker and business coach Rasheed Ogunlaru once said, “Unlike sport, in business the win-win is the best possible score.” In an M&A transaction, representation and warranty insurance can provide a buyer and seller a win-win by giving the buyer adequate financial security for any…
Missed Form D filings: Are there consequences to operating in stealth mode?
By Jayne Juvan
Private companies, especially companies receiving venture capital, often prefer to keep their financial information confidential. To that end, some executives desire to avoid making public filings with regulators whenever possible. But when a company uses Regulation D to sell securities that are exempt from the Securities Act…
Law360 quotes Jayne Juvan on health care/life sciences M&A in 2018
On January 23, Law360 quoted Jayne Juvan on the recent boom in health care and life sciences transactions.
“We are predicting that health care [and] life sciences M&A will continue at a robust pace into 2018,” Jayne commented. “Conditions are ripe for this year to be one of the…
Championship-caliber dealmakers understand the language of business
By Christopher Hewitt and Jayne Juvan
In their article for Crain’s Cleveland Business, partners Christopher Hewitt and Jayne Juvan explain the importance building championship-caliber deal teams comprised of attorneys who understand the language of business.…
Is the mosaic theory as a defense to insider trading dead?
By Glenn Morrical
In a recent post by Bob Loesch, he discussed the difficult topic of how to tell if information should be considered “material” under the federal securities laws. He concluded that if the company would prefer to withhold the information because it is likely to have an…
Do we have to disclose that?
By Robert Loesch
Business lawyers are often confronted with the question of whether a client is obligated to disclose a particular piece of information, whether in an SEC filing, a private placement memo or on a disclosure schedule in a deal document. Under the general anti-fraud rules of the federal…
Can the board of directors adopt a poison pill to manipulate a stockholder vote?
At the end of last November, the board of directors of SandRidge Energy adopted a poison pill to, according to the company’s press release, “protect the interests of all shareholders and preserve their ability to fully consider all information related to the proposed Bonanza Creek merger… and vote as they see fit.”
When may a company vote a stockholder’s shares without receiving instructions on how to vote?
By Christopher Hewitt
The rules regarding a company’s ability to use discretionary authority to vote proxies at a stockholders meeting are probably some of the most complex proxy rules to understand, but it is critical to understand them, especially in a contested election.
In its simplest form, a proxy card…
Corporate deals under scrutiny
By Jayne Juvan
In her recent column for Smart Business Dealmakers, Jayne Juvan offers advice to boards of directors about the steps they should take to ensure they meet their fiduciary duties when considering M&A transactions. The column is available online here.…