| Business Law |
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| Companies Listed on the New York Stock Exchange)More... |
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| BUSINESS JUDGMENT RULE |
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| DERIVATIVE SUITSMore... |
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| Medallion Signature Guarantees |
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| Transfer agents and issuers of securities, pursuant to the Uniform Commercial Code, may require a guarantee of the validity of the signature of the person transferring the securities in order to prevent a fraudulent transfer. The Securities and Exchange Commission has designated institutions that may issue such guarantees, and the Securities Transfer Association has developed the Medallion Signature program for those institutions to follow in guaranteeing signatures.More... |
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| Employment Law |
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| Protection for Aviation Safety WhistleblowersMore... |
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| Sarbanes-Oxley Act |
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The Sarbanes-Oxley Act of 2002 (Act) covers corporations and other business organizations that are required to register securities and file reports pursuant to federal securities laws. Under Section 307 of the Act, Congress directed the Securities and Exchange Commission (SEC) to issue rules that would establish minimum standards of professional conduct for attorneys who appear and practice before the SEC. Specifically, the SEC was instructed to develop and implement rules that required attorneys "to report evidence of a material violation of securities law or breach of a fiduciary duty or similar violation by the company or any agent thereof, to the chief legal counsel or the chief executive officer of the company (or the equivalent thereof)." Additionally, the SEC was instructed to devise reporting procedures. The SEC issued a proposed rule to govern attorney professional conduct and ultimately adopted this final rule (with certain changes), which went into effect in 2003. The rule is now part of the Code of Federal Regulations and has the force of federal law.
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