THE LONG ARM OF THE LAW (AND THE SEC)
Gautam S. Adani is the founder and chairman of the Adani Group, an Indian multinational conglomerate, founded in 1988 as a commodity...


A NASTY PIECE OF FINANCIAL ENGINEERING ON TRIAL
Maybe you haven’t yet heard of a tax receivable agreement, or TRA. You wouldn’t be alone. Here’s how it works: A person, often a...


The Sound of Silence
Under federal law, it is securities fraud, pursuant to what is commonly known as SEC Rule 10(b)-5,[i] “to make any untrue statement of a...


WINNING A PROXY FIGHT BEFORE IT STARTS
The law of unintended consequences, often cited, but not very well defined, holds that the actions of a person, organization or...


A BAD PLAN POORLY EXECUTED
The definition of securities fraud under federal law, essentially a misrepresentation of information useful to an investor in making...


SEC Rule Mandating Share Buyback Disclosure Challenged by Chamber
Stock buybacks are a common, and ever more popular, feature of our financial landscape. In 2022, corporations purchased $1.25 trillion...

