Richard D. Truesdell, Jr.

We  previously outlined  the growing threat of securities class action lawsuits against life sciences companies and the importance of the United States Supreme Court’s decision in Omn...

Staff also suggests greater willingness to waive financial statement requirements Following up on Chairman Jay Clayton’s promise to improve access to the capital markets, on June 29 sta...

For most securities transactions, on September 5, 2017 the settlement cycle will shorten from three business days to two business days after the trade date, or T+2, as we discussed in a p...

On June 1, 2017, the Public Company Accounting Oversight Board approved a new audit standard that will introduce changes to the content of the auditor’s report on financial statements. ...

Minority equity investments in public companies are on the rise.These are often structured as an investment in convertible preferred stock to give the investor a senior position to other ...

On April 3, in the latest of a string of federal court rulings, the U.S. District Court in Washington, D.C. entered final judgment partially invalidating the SEC’s conflict minerals rul...

The SEC has raised the annual gross revenue cap for a company to qualify as an emerging growth company, or EGC, from $1 billion to $1.07 billion, to adjust for inflation. The Jumpstart Ou...

On March 22, the SEC approved a rule amendment to shorten the standard settlement cycle for most broker-dealer securities transactions to two business days after the trade date (T+2) from...

On February 14, 2017, President Trump approved a joint resolution of Congress repealing the SEC’s rule requiring resource extraction disclosure. The joint resolution was passed pursuant...

Decision restores certainty to out-of-court debt restructurings In a surprising 2014 decision, the District Court for the Southern District of New York held that the Trust Indenture Act ...