16Oct
SEC Charges Company for Implementing Stock Buyback Plan Before Acquisition Negotiations Resumed
The SEC announced settled charges against Andeavor LLC for controls violations relating to a stock buyback plan it implemented while it was in discussions to be acquired by Marathon Petroleum Corp. in 2018. Andeavor agreed to pay a $20 million penalty to settle the charges....
By:
Stinson - Corporate & Securities Law Blog
Related
Today, the SEC published in the Federal Register a proposed notice of an exemptive order (the “Prop...
Read More >
For international investors looking at opportunities in China, this summer has been largely a waitin...
Read More >
In order to take a worthlessness deduction for an equity investment in an entity, including an equit...
Read More >
CLIENT ALERT: FAR Council Changes Rules Regarding Small Business Rerepresentation / Recertification ...
Read More >
Party Supplier Fired Employee Due to Pregnancy and Pregnancy-Related Condition, Federal Agency Charg...
Read More >
The scope of Dynamex is still unknown. The California Legislature and the U.S. Court of Appeals for...
Read More >