himaginary氏が表題の記事を掲載しています。himaginary氏による,Bruce A. BlonigenとFRBのJustin R. Pierceの「Evidence for the Effects of Mergers on Market Power and Efficiency」の要旨の抄訳は,次の通り。


普遍的な委任状(universal proxy cards)の強制適用について

The Securities and Exchange Commission today voted to propose amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees.






See also WSJ, Investor Advisory Committee

Salman v. United States

Stanford Law ReviewがSalman v. United Statesについて、オンラインシンポジウムを開催しています。以下の5名の著者のエッセーが読めます。



D&O Diary writes:

Salman v. United States: Among the cases that this blog’s readers will be most interested to watch is the insider trading case, Salman v. United States. This case comes to the Supreme Court following the Ninth Circuit’s decision affirming the insider trading conviction of Bassam Yacoub Salman, who traded on tips from the brother of a former Citigroup investment banker. This case will be the U.S. Supreme Court’s first insider trading case since 1997. The case will consider the personal benefit doctrine, and in particular will decide whether a person who leaks inside information have to receive a pecuniary benefit for someone who trades on the tip to be liable for insider trading, or whether a gift or other social benefit is enough?

Cyan, Inc. v. Beaver County Employees Retirement Fund: Another case that the Court has been asked to consider this term involves the question of whether or not plaintiffs retain the right to bring liability actions under the ’33 Act in state court, under the Act’s concurrent jurisdiction provisions, or whether SLUSA eliminated state court jurisdiction for class action lawsuits brought under the ’33 Act.