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Activision Blizzard In 'Pannick' Mode, Taps Queen Elizabeth II's Former Lawyer For CMA Appeal

Benzinga

NASDAQ: ATVI ) hired Lord David Pannick KC to represent its appeal against the Competition and Market Authority (CMA) board's decision to halt Microsoft Corp.'s Activision Blizzard, Inc. 's (NASDAQ: MSFT ) proposed $68.7 billion acquisition. The appeal will be brought to the Competition Appeal Tribunal (CAT).

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SEC Chair Gensler Speaks on Updates to the Names Rule

Reynolds Holding

In 1996, Congress amended these provisions to authorize the Securities and Exchange Commission to define registered investment company names as “materially deceptive or misleading.” [1] 1] Based on our authority from Congress, the agency adopted the Names Rule in 2001. [2] That benefits investors and issuers alike. 80a-34(d); Pub.

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SEC Chair Speaks About Proposed Rules on Money Market Funds, Customer Protection

Reynolds Holding

Congress gave us authority to adopt this key protection as part of the Securities Investor Protection Act of 1970 (SIPA). Taken together, the rules will make money market funds more resilient, liquid, and transparent, including in times of stress. That benefits investors. ENDNOTES [1] As SEC Commissioner Robert E.

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SEC Chair Gensler Supports Final Rules on Beneficial Ownership

Reynolds Holding

Under the Dodd-Frank Act, Congress gave the SEC the authority to shorten the beneficial ownership reporting deadline. Today’s adoption makes use of that Dodd-Frank authority. That’s why I’m glad that, in the wake of the 2008 financial crisis, Congress came back to the issue of Schedule 13D filings.

Equity 40
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We Need to Move Beyond Profit Maximization to Plural Business Purposes

Reynolds Holding

Lyman Johnson, “Unsettledness in Delaware Corporate Law: Business Judgment Rule, Corporate Purpose,” 38 Delaware Journal of Corporate Law 405, 437–38 (2013) (citing Darrel West, The Purpose of the Corporation in Business and Law School Curricula, Governance Studies at Brookings (July 19, 2011), [link].) Law Review 733 (2005). [6]