- Posts by Eric M. FogelPartner
Eric Fogel is a strong force in the world of corporate law and a nationally recognized M&A specialist. With three decades of experience, Eric has served as lead counsel on some of the country’s largest and most complex transactions ...
“I love you, but you are not serious people.” This is the curse that Logan Roy, the founder and business titan of Waystar RoyCo, intones to his three stunned children during a poignant family moment. The three siblings (Kendall, Siobhan and Roman) vie for control of Dad’s media empire, and are monsters to each other. Yet, despite the hyperboles and cartoonish nature of the characters, the show reveals essential truths about succession planning for family businesses.
The Securities and Exchange Commission (SEC) has been increasing its enforcement actions against cryptocurrency companies and individuals in recent years. In 2022, the SEC brought 24 litigation actions in federal courts and 6 administrative proceedings against cryptocurrency companies and individuals, a significant increase over the previous year.
On March 21, 2022, in an effort to provide consistent, comparable, and reliable data for investors to enable them to make informed judgments about the impact of climate related risks on current and potential investments the Securities and Exchange Commission (“Commission”) proposed for public comment amendments to its rules under the Securities Act of 1933 (“Securities Act”) and Securities Exchange Act of 1934 (“Exchange Act”). Known as the Climate Risk Disclosure Act (S. 1217; H.R. 2570) the rules would require domestic and foreign public registrants to provide climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant’s climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant’s greenhouse gas emissions (“GHG”)(“Scope 1”), indirect emissions from purchased electricity or other forms of energy (“Scope 2”), and GHG emissions from upstream and downstream activities in its value chain (“Scope 3”) which have become a commonly used metric to assess a registrant’s exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant’s audited financial statements.
Welcome to the Amundsen Davis Corporate Legal Update where our attorneys blog about insights on corporate governance, securities regulations, M&A news and more.
- What the Corporate Transparency Act Means for Financial Institutions
- FinCEN to Extend Initial Reporting Deadline for the Corporate Transparency Act
- Wisconsin Personal Property Tax Repealed: What it Means for Business Owners
- Is Nothing Sacred? Cyberattacks May Impact Director and Officer Fiduciary Duties
- What the Show Succession Teaches Us About Planning for a Family Business
- Five Tips for Business Owners When Selling
- Federal Antitrust Agencies Propose New Guidelines for Review of M&A Transactions
- U.S. Supreme Court Opens Door for Companies to Face Lawsuits in Any State They Are Registered to Do Business
- Calming Depositor Angst at Community Banks
- New Guidance on the Beneficial Ownership Information Reporting Rule