This week the SEC staff expanded relief for the disclosure of
non-GAAP financial forecasts used in business combinations.
In these transactions, public companies routinely obtain
fairness opinions from an investment bank regarding the value of
the consideration to be paid to shareholders, and the fairness
opinions normally rely on financial projections provided by the
company. These projections are often prepared in a way that varies
from GAAP and, as a result, one or more of the figures included in
the projections may constitute "non-GAAP financial
measures" under SEC rules. The disclosure of non-GAAP
financial measures in an SEC filing ordinarily triggers a
requirement (under Item 10(e) of Regulation S-K) to disclose the
most directly comparable measure calculated under GAAP, provide a
numerical reconciliation of the two numbers
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
25 Apr 2018, Speaking Engagement, Boston, United States
TiE Boston and Babson College join Boston Blockchain Week (April 23 - 27) - the largest gathering of blockchain founders, developers, and funders in Boston/Cambridge.
Initial Coin Offerings (ICOs) are funding exciting startups and presenting new opportunities for investors to get a piece of the action while also creating a new funding vehicle that is changing founder/investor dynamics.
The energy storage market has taken off in the Northeast. In late 2017, Massachusetts announced $20 million in grants for 26 projects through the Baker-Polito Administration’s Advancing Commonwealth Energy Storage program, while New York Governor Andrew Cuomo recently committed to deploy 1,500 megawatts of storage by 2025. With storage finally here, communities and consumers are looking to marry solar with storage as a solution to reducing electricity costs, increasing grid resiliency and better-utilizing energy resources. Numerous Northeast Clean Energy Council (NECEC) members are leading in this space in Massachusetts, New York and other states that have jump-started their energy storage markets.
What does the generalist in-house counsel need to know about protecting designs? Designs occupy a unique space in intellectual property. In the U.S., designs are protected under the patent laws, while in Europe, designs are typically protected under industrial design law. Overlapping protection for designs also exists in the U.S. and Europe through copyright law and through trademark law as it applies to trade dress.
Foley Hoag LLP will present a 60-minute webinar on Wednesday, May 9 at 12:30 pm EDT offering guidance for in-house counsel regarding the basics of design protection from U.S. and European perspectives, as well as strategies for protecting designs effectively and economically.
Wthin every contract there exist an obligation of good faith and fair dealing. If you don't believe me, believe the Restatement (2nd) of Contracts, which at section 205 provides ...
A broker-dealer settled charges with the SEC and FINRA, admitting that it had failed to file Suspicious Activity Reports ("SARs") concerning numerous suspicious transactions.
Corporations today face a strict regulatory environment and close scrutiny surrounding corporate activity. Public and private companies face the potential of not only governmental investigations ...
