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SEC proposes disclosure rule amendments related to share buybacks
On December 15, 2021, the Securities and Exchange Commission (“SEC”) proposed amendments that would strengthen its rules regarding disclosure about an issuer’s repurchases of its own shares. Share buybacks have become a controversial matter in public markets in recent years (for example, see our 2018 Lingua Negoti blog post “Stock…
New law offers additional flexibility in structuring LLC management
A new Ohio LLC statute will bring flexibility in structuring the management of a limited liability company formed in Ohio.
SEC approves Nasdaq’s Board Diversity Rule
On August 6, 2021, the SEC issued an order approving the Nasdaq’s proposed rule requiring that each listed company have certain levels of board diversity or explain why it does not (the “Board Diversity Rule”).
Biden signs joint resolution declaring OCC’s “true lender” rule invalid
In May 2021, we reported that the U.S. Senate had passed a joint resolution declaring the OCC’s “true lender” rule invalid. That resolution has since been passed by the House and, on June 30, 2021, was signed by President Biden.
Fiduciary and other duties in an LLC – Where do you come out?
When establishing or revisiting the management of your business organization or any private business organization you invest in, it is vital that you consider what duties the owners and managers of the business will owe to each other.
Tucker Ellis represents Ampex Brands in its acquisition of Au Bon Pain from Panera Bread
Tucker Ellis represented Ampex Brands – a Yum! Brands Inc. and 7-Eleven franchisee with more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver's and 7-Eleven locations – in its June 29 acquisition of bakery-café chain Au Bon Pain from Panera Bread.
Could an ESOP be right for you?
Several years ago, Employee Stock Ownership Plans (ESOPs) were the underused gems of the Employee Retirement Income Security Act of 1974 (ERISA). An ESOP enables owners to sell a portion or all of their stock to a trust for the benefit of the employees. Each employee has an account that holds company stock, and at retirement the employee receives the value of that company stock.
IFLR1000 ranks Tucker Ellis in Ohio Banking
In the first of four rankings to be released, IFLR1000, the guide to the world's leading financial and corporate law firms and lawyers, has ranked Tucker Ellis in its 31st edition in the area of Banking (United States Regional: Ohio).
Tucker Ellis corporate team authors Ohio: North profile for Chambers USA
Members of the Tucker Ellis Ohio corporate team have authored the Chambers USA overview for Corporate/M&A (Ohio: North).
Tucker Ellis represents Colfax subsidiary DJO in acquisition of MedShape, Inc.
Tucker Ellis represented DJO, LLC, a subsidiary of Colfax Corporation (NYSE: CFX), a leading global provider of medical technologies, in its acquisition of MedShape, Inc., a privately held orthopedic medical device company.