By Josh Lawler and Joel B. Ginsberg of Zuber & Taillieu LLP
The U.S. Court of Appeals for the Second Circuit dismissed a putative antitrust case relating to short sale transactions on the grounds that federal securities laws precluded the application of antitrust laws to short sale transactions. The case, Electronic Trading Group LLC v. Banc of America Securities LLC (aka In… More...
U.S. Senator Robert Menendez (D-NJ), a member of the Banking Committee, has unveiled a legislative package that could bring accountability to corporate governance. More...
An omnibus stimulus bill for small businesses, the Small Business Financing and Investment Act of 2009, H.R. 3854, has been referred to the Senate Committee on Small Business and Entrepreneurship after being read twice on the Senate floor. More...
U.S. Sen. Sherrod Brown (D-OH) has unveiled legislation that aims to place restrictions on corporate spending in elections. More...
On motion to suspend the rules, the U.S. House of Representatives has passed by voice vote and without any amendment H.R. 6388, otherwise known as the Government Accountability Office Improvement Act of 2008. More...
The U.S. House of Representatives Financial Services Committee has passed H.R. 3890, the Accountability and Transparency in Rating Agencies Act (“Act”), introduced by Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises. More...
Representative Peter DeFazio (D-OR), Chairman of the House Subcommittee on Highways and Transit, together with 22 other members of the U.S. House of Representatives, has introduced new legislation that assesses a tax on Wall Street securities transactions. More...
By a vote of 223 to 202, drawn along party lines, the U.S. House of Representatives has passed historic legislation that lays down a comprehensive set of measures that will modernize America’s financial regulations and hold Wall Street accountable. More...
Reps. Brad Sherman (D-CA) and Ileana Ros-Lehtinen (R-FL) have introduced the Enable Divestment from Sudan and Iran Act of 2009, which seeks to make it easier for individuals to divest from Iran or Sudan by allowing them to defer payment of capital gains taxes after selling securities issued by companies invested in Iran or Sudan. More...
The U.S. Senate has received a bipartisan House legislation that seeks to protect taxpayers and investors from faulty financial reporting and make the disclosure process more efficient for small business owners. More...
Rep. Gerald E. Connolly, R-Va., has introduced legislation to spur the issuance of municipal bonds. More...
