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

SBA Issues Guidance on Treatment of PPP Loans in Mergers and Acquisitions

On October 2, 2020, the SBA issued guidance under a procedural notice (the “Notice”) providing inf...

Read More >

Employers May Discontinue Checkoff of Union Dues at Expiration of Union Contract

In a December 16, 2019 decision, the National Labor Relations Board (Board) held that employers’ st...

Read More >

NLRB Issues Reprieve for Unionized Employers Seeking to Make Unilateral Changes

Many employers loathe the prospect of unionization due to the potential of a union hampering such em...

Read More >

Court of Appeal declares Heathrow expansion unlawful on climate change grounds

In its recent decision in R. v Secretary of State for Transport, the Court of Appeal ruled that the ...

Read More >

2 Things You Need To Know When Purchasing Oil & Gas Assets From Distressed Companies

Here are two things you need to know when purchasing oil and gas assets from distressed companies......

Read More >