The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower whose information and assistance were of crucial importance to a successful SEC enforcement action. “This award recognizes the persistent efforts… Article source: https://www.sec.gov/news/press-release/2020-209
Category: Uncategorized
Boulder Letter Repealed: Comments Needed
The “Boulder Letter” explained why opting into a state statute limiting a shareholder’s ability to vote all their shares violates the Investment Company Act. SEC Staff recently repealed the Letter. Consistent with other recent actions, this dilutes the rights of shareholders. In conclusion, another democratic-free zone was provided to entrenched managers and boards. If you…
SEC Charges Charter School Operator and its Former President With Fraudulent Municipal Bond Offering
The Securities and Exchange Commission today charged Park View School, Inc., a state-funded, nonprofit charter school operator based in Prescott Valley, Arizona, and its former President, Debra Kay Slagle, with misleading investors in an April 2016… Article source: https://www.sec.gov/news/press-release/2020-208
Markets rose despite subdued economic recovery: BIS Quarterly Review
BIS Press Release – Markets rose despite subdued economic recovery: BIS Quarterly Review Article source: https://www.bis.org/press/p200914.htm
In the matter of Montpac Pty Ltd (in liquidation) and Global Network Link Pty Ltd (in liquidation) [2020] NSWSC 1237 (11 September 2020) (Black J)
Catchwords: CORPORATIONS – Winding up – Orders and directions in respect of past and future conduct of liquidations – Companies in liquidation did not carry on activities other than as trustees – Companies disqualified as trustees due to insolvency – Directions that all company assets and liabilities are trust assets and liabilities. CORPORATIONS – Winding…
Schieb v Burnheim [2020] NSWSC 1254 (14 September 2020) (Kunc J)
Catchwords: CONSUMER LAW — Misleading or deceptive conduct — Representations as to future matters — Damage not suffered at time of entry into original agreement but when future matter fails to come to pass CONTRACTS — Breach of contract — Consequences of breach — Right to damages — Construction of obligation to “do all things…
Resolute Mining Ltd v Commissioner of State Revenue [2020] QSC 281 (14 September 2020) (Bradley J)
Catchwords: TAXES AND DUTIES – STAMP DUTIES – ASSESSMENT AND AMOUNT PAYABLE INCLUDING FINES – GENERALLY – QUEENSLAND – where the appellant agreed to provide a “funding amount” to the State pursuant to a contract by which the State would transfer land to the appellant – where the funding amount was expressed to be a…
McMillan v Coolah Home Base (No 2) [2020] NSWSC 1243 (14 September 2020) (Ward CJ In Eq)
Catchwords: CORPORATIONS — Voluntary administration — Deed of company arrangement — Leave pursuant to s 444E to proceed with proceedings against company Article source: https://jade.io/viewArticle.html?aid=764968&pid=-1&h=406995063
Keybridge Capital Limited 14 – Panel Receives Application
Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/55.htm
Rolling out vaccines
Read more… Article source: https://www.bioedge.org/pointedremarks/view/rolling-out-vaccines/13554/