X
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
Source Url: https://www.jdsupra.com/legalnews/sec-charges-company-for-implementing-49418/

Related

A Year In Review: Top 3 2019 Decisions Affecting Maryland Insurers

As 2020 arrives, it is a time for everyone to reflect on the past year. For some, this will include ...

Read More >

Some Key Changes to the State-Sponsored Social Benefits Programs in Mainland China

The Chinese government is encouraging greater participation in the state-sponsored social benefits s...

Read More >

Utilizing CPLR 3102(c) Pre-Action Discovery in the Article 78 Proceedings – Can’t Go Fishin’

Last February, in Dreyer v Stachecki, 2020 NY Slip Op 50134(U), the Suffolk County Supreme Court den...

Read More >

Dear YouDig? Trap With The TAP

Dear YouDig?, We are getting scammed by one of our suppliers but we can’t seem to pin down the p...

Read More >

Competitor Collaborations in the U.S. During COVID-19

U.S. companies may see opportunities to increase collaborations amongst one another during the curre...

Read More >

Key Takeaways from Manufacturing Dealmaker Perspectives Webinar

The sudden arrival of the COVID-19 pandemic in the first quarter of 2020 shocked an M&A market that ...

Read More >