In December 2019, the Securities and Exchange Commission (the “SEC”) proposed amendments to the definitions of “accredited investor” and “qualified institutional buyer”.
Resources | Business & Finance
Keeping you current to Focus BetterSEC Proposes Changes to Accredited Investor Standard and Assesses its Impact on the Marketplace01/09/2020
Pumping the Brakes on Shareholder Demands and Threats of Derivative Lawsuits against Your Company08/31/2018
Every state recognizes the right of a company's shareholder (or member in the case of a limited liability company) to make a demand of the Board of Directors to initiate litigation that the shareholder believes will benefit the company. If the Board fails or refuses to act, the shareholder has the right to sue derivatively on behalf of the company. While…