On November 6, 2008, the U.S. Department of Treasury announced that, effective November 10, 2008, the Iranian Transactions Regulations would be amended to revoke authorization for so-called "U-turn" transfers. As a result, U.S.
November 12, 2008
On November 7, 2008, the Securities and Exchange Commission's Division of Corporation Finance (the "Division") issued Staff Legal Bulletin No. 14D (the "Bulletin"), which briefly addresses four technical points regarding the shareholder proposal process under Rule 14a-8 of the Securities Exchange Act of 1934, as amended ("Rule 14a-8").
November 10, 2008
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is tracking closely government responses to the turmoil that has catalyzed dramatic and rapid reshaping of our capital and credit markets.
November 7, 2008
The SEC’s Securities Offering Reform of December 2005 set the clock ticking for shelf registration statements on Form S-3; as a result, many shelf registration statements that were in effect on December 1, 2005 will expire on December 1, 2008.
November 5, 2008
In a recent ruling, the U.S. District Court for the District of New Mexico dismissed the claims of residents who lived near a uranium mill because they failed to prove that they would not have developed cancer “but for” their exposure to hazardous substances migrating from the mill.
November 3, 2008
Washington, D.C. partner Baruch A. Fellner and associate Michael Billok are the authors of "Workplace Injuries - Scrutinizing Workplace Fatalities" [PDF] published in the November 3, 2008 issue of the New Jersey Law Journal.
November 3, 2008
New York partner Jonathan Dickey is the author of "Auditor Liability "Caps" - The Politics of Catastrophe" [PDF] published in the November 2008 issue of West Legalworks's Securities Litigation Report.
November 3, 2008
Washington, D.C. of counsel Susan Grafton and associate S. Joy Dowdle are the authors of "Adapting to the Regulatory Clamp Down on Short Selling: The Investment Manager's Perspective" [PDF] published in the November 2008 issue of IAA"s Compliance Corner.
November 3, 2008
New York partner Jennifer Rearden and associate J. Taylor McConkie are the authors of "Trends in Subprime-Related Securities Fraud Actions" [PDF] published online by Law360 on October 31, 2008 at law360.com.
October 31, 2008
The Emergency Economic Stabilization Act was signed into law by President Bush on October 3, 2008. Included in the Act is new Internal Revenue Code Section 457A, which is intended to end the deferral of compensation payable to managers of offshore hedge funds under a nonqualified deferred compensation plan.
October 30, 2008
On October 23, 2008, the United States Court of Appeals for the Second Circuit issued a published and precedential decision in Morrison v. National Australia Bank (Docket Number 07-0583-cv), which left open the door for applications of the anti-fraud provisions of American securities laws in so-called "Foreign-Cubed" securities cases--that is, cases brought by foreign plaintiffs, against a foreign company, arising out of a foreign securities transaction. Although the Court declined to exercise jurisdiction because of the particular facts of the National Australia Bank case, the Court also declined to adopt a bright-line rule barring jurisdiction in all such cases. Facts and Procedural Posture of National Australia BankNational Australia Bank ("NAB") is Austr
October 29, 2008
Gibson, Dunn & Crutcher LLP's Health Care and Life Sciences Group is pleased to announce its representation of Apria Healthcare Group Inc. in connection with the company's successful sale to The Blackstone Group, a leading investment and advisory services firm.
October 29, 2008
Many companies originally granted stock options to provide an incentive to employees to remain with the company and to enable them to share in the stockholder value that they help create. The recent prolonged and widespread stock market downturn has increased pressure on these companies to develop an effective strategy to provide stock compensation to employees and other service providers who feel as if all they have are worthless options and to use limited stock plan share reserves more effectively. The last broad market downturn in 2001 ushered in the first large-scale response to underwater options. The legal environment and the degree of oversight of large institutional investors and their advisory services have both changed greatly since that time. Gibson Dunn�
October 27, 2008
On October 16, 2008, the IRS released the inflation-adjusted limitations applicable to tax-qualified retirement plans for 2009. The increases are pursuant to inflation adjustment factors included in the applicable sections of the Internal Revenue Code.
October 23, 2008
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is tracking closely government responses to the turmoil that has catalyzed dramatic and rapid reshaping of our capital and credit markets.
October 23, 2008
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is tracking closely government responses to the turmoil that has catalyzed dramatic and rapid reshaping of our capital and credit markets.
October 23, 2008
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is tracking closely government responses to the turmoil that has catalyzed dramatic and rapid reshaping of our capital and credit markets.
October 21, 2008
Many of our clients have been facing unprecedented new challenges as a result of the dramatic economic events that have occurred over the last month. The financial markets continue to evolve in Washington on a real-time basis and the daily volatile gyrations in the stock markets around the world have led to uncertainty, anxiety and issues of first impression for many of our clients. We believe that the events that occur in the coming months will shape not only the financial futures of many of our clients and their competitors, but also the world economy.
October 20, 2008
The Gibson, Dunn & Crutcher Financial Markets Crisis Group is tracking closely government responses to the turmoil that has catalyzed dramatic and rapid reshaping of our capital and credit markets.
October 20, 2008
London partner Rachel Couter is the author of "Choice roles" [PDF] published in the October 20, 2008 issue of The Lawyer.
October 20, 2008