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MAEjor Ruling: Delaware Court of Chancery Finds Target Suffers Material Adverse Effect and Acquirer Could Back Out of Transaction

Cooley M&A

In reaching these holdings, the court found that: the target’s business experienced a “dramatic, unexpected and company-specific downturn” shortly after signing due in part to “serious and pervasive data integrity problems” that adversely impacted the target’s regulatory compliance. The Merger Agreement.

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SEC Chair Gensler Speaks on Emerging Trends in Asset Management

Reynolds Holding

Despite the investor protections recently enacted under the ’33 and ’34 Acts, there still were specific risks to investors who were dealing with investment advisers and investment companies. [3] 21] Per Form ADV data from 2017 through December 2022. [22] 2] They identified, though, a set of failures with the funds of those days.

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Gibson Dunn Offers 2022 Mid-Year Securities Litigation Update

Reynolds Holding

Notably, at 110, filings in the first half of 2022 barely top 50% of the average semi-annual filing rates seen between 2017 and 2019, though this deficit is largely driven by a substantial decrease in M&A filings. Total Settlement Dollars January 2017 – June 2022 (Dollars in Billions). . The 105 total new “core” cases—i.e.,

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Gibson Dunn Offers 2022 Year-End Securities Litigation Update

Reynolds Holding

For the third consecutive year, federal class-action filings decreased after a steady upward trend in 2017-2019. 205 federal cases were filed last year, which is less than half the number of federal filings in the each of the peak years (2017-2019). Failure To Disclose Specific Risks In re Talis Biomedical Corp.

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Mayer Brown Discusses Bank Regulators’ Proposed Overhaul of Capital Requirements

Reynolds Holding

The Capital Proposal would make material changes to the calculation of risk-based capital requirements and expand the range of risks for which capital must be held. However, they would need to continue calculating risk-based capital ratios assets under the existing Standardized Approach, and use the lower ratio (i.e.,

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