The value of assets on the blockchain has soared to billions of dollars, stored everywhere from Bitcoin to Bored Ape Yacht Club NFTs to play-to-earn gaming. Some of those assets, though, have crashed and burned in the wake of market
Latest from The CLS Blue Sky Blog
Skadden Discusses New SEC Pay-Versus-Performance Compliance & Disclosure Interpretations
On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted
Debevoise Discusses SEC’s Division of Enforcement Year-End Results
On November 14, 2023, the U.S. Securities and Exchange Commission’s (“SEC” or “Commission”) Division of Enforcement (“Division”) announced its enforcement results for fiscal year (“FY”) 2023.[1] Disgorgement and penalties were the second highest in the SEC’s history at just
101 Lawyers: Attorney Appearances in Twitter v. Musk
Corporate law’s trial of the century was set to begin on October 17, 2022, in a small Wilmington, Delaware courtroom. Twitter v. Musk had it all. Celebrity. The world’s richest person. A product that helped foment revolutions around the world
Have CEOs Changed?
In recent years, as corporate ESG (Environmental, Social and Governance) goals have gained prominence and so-called “Millennials” and “GenZers” have entered the workforce, a sense has emerged in the media and among some academics that CEOs and other top executives
Paul Hastings Discusses Labor Unions, Social Activists, and Universal Proxy Cards
On November 21, 2023, a coalition of labor unions led by the Service Employees International Union (SEIU), announced that it has nominated three director candidates for election to the Board of Directors of Starbucks at the 2024 annual meeting of
Davis Polk Discusses SEC’s Expansive View of Accounting Control Violations
After receiving board approval to buy back stock under a 10b5-1 plan, a company interpreted Rule 10b5-1 in a manner with which the SEC disagreed. The SEC did not allege that the company traded on the basis of material nonpublic
Will Systematic Stewardship Save the Planet?
The convergence of environmental urgency and the rising power of “universal owners” – asset managers with broad-based portfolios, such as BlackRock – has kindled the hope among academics and activists that universal owners will leverage their power to push companies
What Many Financial Economists Misunderstand About Divestment Campaigns
Sustainable investing is becoming a hot topic in financial economics. However, when it comes to the impact of divestment campaigns and related tactics on promoting sustainable investing, financial economists miss an important point. Many assume that shareholders can create impact
Columbia Law School to Hold 2023 Conference on M&A and Corporate Governance
On December 8, 2023, Columbia Law School will hold its 2023 Conference on Mergers & Acquisitions and Corporate Governance. The event is co-sponsored by the school’s Ira M. Millstein Center for Global Markets and Corporate Ownership, the Columbia Law School