UPDATES

Private Equity Update-Early Stage Financing in Today's Economy

05/21/2009
In the current economy, both entrepreneurs and the investors funding their endeavors should review their bargaining position and expected results during early stage funding. Read More

Public Securities Update-Executive Compensation and Governance Restrictions on TARP Recipients

05/20/2009
Earlier this year, President Obama signed the American Recovery and Reinvestment Act of 2009 (the “ARRA”). The ARRA amended the executive compensation provisions of the previously enacted Emergency Economic Stabilization Act of 2008 (the “EESA”), which established requirements applicable companies participating in the Troubled Assets Relief Program (“TARP”). Generally, the amendments effected by the ARRA maintained the definition of “senior executive officer” (“SEOs”) to include the top five most highly paid executives of a publicly traded company whose compensation is required to be disclosed in proxy statements under the Securities Exchange Act of 1934.  The ARRA requires that recipients of TARP funding comply with the following compensation and corporate governance standards: Read More