Tag Archives: STATED

SEC Approves Series of Final and Proposed Rules in Line with Stated Priorities

The SEC held a very busy open meeting yesterday, voting on the following final and proposed rules: Adoption of amendments to modernize the definition of “smaller reporting company,” which was established in 2008.  See our previous discussion of the amendments. … Continue reading

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Shareholder Cannot Make S Corp. Separately Stated Item Election

S corporation’s account for separately stated items that flow through to the shareholder’s tax returns. They are computed on page 3 of the Form 1120S and then listed separately on the Schedule K-1. The idea for breaking these items out … Continue reading

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Federal Court Rules that Plaintiff Stated a Claim for Breach of Duty of Loyalty in Wake of Shareholder Negative Say-on-Pay Vote

In the wake of a negative shareholder advisory vote on a company's executive compensation package, a federal judge ruled that company shareholders adequately stated a claim for breach of the duty of loyalty against the company's board of directors for … Continue reading

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CLAIM THAT LENDER VIOLATED UCL IN DISCLOSURES ON HUD-1 SETTLEMENT STATEMENT STATED A CLAIM AND WAS N

Question: Does a lender violate the unfair competition law by disclosing, on a HUD-1 Settlement Statement, the costs it charged home loan borrowers, as opposed to the actual costs it incurred?Answer: Yes, according to the Court of Appeal in McKell v. Washington… … Continue reading

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