Author Archives: Tarik Samman

Federal Court Issues Nationwide Injunction Blocking FTC Non-Compete Ban

On August 20, 2024, Judge Ada Brown of the U.S. District Court for the Northern District of Texas issued a permanent injunction setting aside the Federal Trade Commission’s final rule banning non-compete agreements in Ryan LLC v. FTC. Last month, the court afforded temporary relief as to the named plaintiffs only by issuing a preliminary […]

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Weekly Roundup: August 16-22, 2024

Firm Boundaries and Voluntary Disclosure Posted by John D. Kepler (Stanford Graduate School of Business), on Friday, August 16, 2024 Tags: disclosures, SEC, Stakeholders, Supply chain The 2024 Proxy Season in 3 Charts Posted by Lindsey Stewart, Morningstar, Inc., on Saturday, August 17, 2024 Tags: anti-ESG, E&S, ESG, Proxy season, SEC Insider Trading by Other […]

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Managing Cyber Risk: Breach Risk Trends in Public Companies

Introduction In the two years to January 2024, almost 700 cyber incidents were reported among Russell 3000 companies in the U.S., impacting more than 10% of the firms. One-third of those involved the compromise of a supplier or other third party, and the study also identified substantial third-party aggregate risk concentration across Russell 3000 firms. […]

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SEC Enforcement – Top Seven Developments from June 2024

In June, four blockbuster court decisions were issued that will reshape the U.S. Securities and Exchange Commission’s (the “SEC” or “Commission”) exercise of its authority in important ways. At the same time, regular business continued at the SEC as it brought a number of enforcement actions spanning several hot-button areas, including cybersecurity, artificial intelligence, and […]

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Data Breach Securities Class Actions: Record Settlements and Investor Claims on the Rise

Data Breach Securities Class Actions: Record Settlements and Investor Claims on the Rise Data breach related securities class action filings are on the rise. These lawsuits are based on allegations that companies misrepresented or misled investors about cybersecurity events, such as data breaches or security vulnerabilities, causing stock prices to fall when the truth is […]

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Bridging the gap: Comparing board and C-suite perspectives

How effective is the board? It depends on who you ask In a time of change for many organizations, two recent PwC surveys show that boards and the C-suite don’t always see eye-to-eye on some key topics. We compared the results of our  Annual Corporate Directors Survey (ACDS) and Board effectiveness: A survey of the C-suite. The findings […]

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California in Spotlight as Massachusetts Avoids Bill Targeting Private Equity in Healthcare

The Massachusetts legislative session for 2024 has come to a close without the passage of a bill that would have targeted private equity in healthcare. Introduced in May 2024, Massachusetts House Bill (HB) 4653 proposed to expand the reach of the Health Policy Commission (HPC) by requiring notice to the HPC of any transactions involving […]

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Post-Doctoral and Graduate Corporate Governance Fellowships

The Program on Corporate Governance at Harvard Law School (HLS) is pleased to announce that it is seeking applications from highly qualified candidates who are interested in working with the Program as Post-Doctoral or Doctoral Corporate Governance Fellows. Applications are considered on a rolling basis, and the start date is flexible and can be negotiated […]

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Insider Trading by Other Means

For more than thirty years, one of the most prevalent strategies for insider trading has gone undetected and unaddressed. Our research uncovers the techniques by which executives and directors sell overvalued stock worth more than $100 billion per year, shifting losses to ordinary retail investors, without ever running the risk of prosecution or civil litigation.  […]

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The 2024 Proxy Season in 3 Charts

Now that the 2024 proxy-voting season is over, it’s time to zoom out, look at the major trends for the proxy-voting year that just ended, and assess what they could mean for the future. Most US asset managers have still yet to publish their voting records for the 2024 proxy year (which closed on June 30). […]

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