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Litigation
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You can’t screw Delaware stockholders this way anymore…
- March 7, 2017
- Posted by: Rich Gora
- Category: Corporate Governance, Fiduciary Duty, Litigation, Securities
No CommentsDelaware court confirms requirement for no more than a majority vote to remove director from Delaware corporation On January 24, 2017, Vice Chancellor Glassock ruled that Section 141(k) of the Delaware General Corporation Law (“DGCL”) prohibits company bylaws from requiring more than a majority vote to remove directors from a Delaware corporation’s board. See Frechter v. Zier, C.A.
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Use a “finder” or “placement agent”? Think again.
- March 5, 2017
- Posted by: Rich Gora
- Category: Broker-Dealers, Energy, Exchange Act of 1934, Finders, Form D, Litigation, Oil and Gas, Placement Agents, Private Placements, Securities, Securities Act of 1933, Securities registration
The SEC cracks down on boiler room fraud, gets $15.5 million judgment against oil and gas issuer. The US District Court in Texas granted summary judgment in favor of the SEC against promoters Leon Ali Parvizian and his two Dallas-based companies, Arcturus Corporation and Aschere Energy, LLC, Alfredo Gonzalez and AMG Energy, LLC, and Robert Balunas and
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