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Inflation Reduction Act
SEC Amends Rules Affecting Intrastate and Small Exempt Offerings
On October 26, 2016, the Securities and Exchange Commission (“SEC”) announced amendments to certain rules exempting intrastate offerings and other limited offerings from federal registration requirements. The SEC modernized Rule 147, added new Rule 147A, increased the offering ceiling for...
SEC Proposes New Rules Requiring Universal Proxy Cards
On October 26, 2016, the U.S. Securities and Exchange Commission proposed changes to the proxy rules to require the use of universal proxy cards in contested director elections. Universal proxy cards would permit shareholders to vote by proxy for their...
Texas Supreme Court Rejects a General Cause of Action for Minority Shareholder Oppression
The Supreme Court of the State of Texas recently issued a significant opinion relating to the remedies available to minority shareholders of Texas corporations. In Ritchie v. Rupe , No. 11-0447 (Tex. June 20, 2014), available here , the Court...