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Corporate Insiders’ Reporting Obligations Revisited & Section 16’s New Accelerated Filing Deadline (2002)

Corporate Insiders’ Reporting Obligations Revisited & Section 16’s New Accelerated Filing Deadline (2002)

Michael David April 22, 2008 0

Many readers will recall a widely-reported news story from July of this year concerning President Bush’s failure to timely disclose his 1990 sale of 212,140 shares of Harken Energy Group. At the time, the

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Insider Trading | Insider Trading Law | Insider Trading Penalties

Insider Trading | Insider Trading Law | Insider Trading Penalties

Michael David April 22, 2008 0

Many of the most public and celebrated securities cases have been cases involving insider trading. The public’s appetite for such cases is as endless as the cases themselves. Martha Stewart’s case is notable only

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How to Do a Spin-Off

How to Do a Spin-Off

Michael David April 22, 2008 0

The mechanics of a spin-off are relatively simple: in a spin-off, a parent company distributes shares of a subsidiary on a pro rata basis to the parent company’s shareholders. As a result, the subsidiary

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Rule 144 Opinion Letter Restricted Stock Sales

Rule 144 Opinion Letter Restricted Stock Sales

Michael David April 22, 2008 0

In November of 2007, the SEC adopted significant amendments to Rule 144. This article reflects those changes, and outlines the dictates of Rule 144. At the foundation of our securities laws is the premise that

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The SEC’s Streamlined S-8 Securities Registration Scheme, Demystified

The SEC’s Streamlined S-8 Securities Registration Scheme, Demystified

Michael David April 22, 2008 0

This Article is Outdated and Should Not Be Relied Upon as Current Law Without doubt, S-8 is a powerful tool: it empowers fully reporting companies to register shares quickly and easily–without automatic SEC examiner

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Gifts of Securities Under Rule 144

Gifts of Securities Under Rule 144

Michael David April 22, 2008 0

by LearnAboutLaw Staff July, 2007 Rule 144, promulgated under the Securities Act of 1933, is a safe harbor provision that allows holders of restricted securities to make sales of stock when certain conditions are

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Legal Form | Sample Stock Issuance Resolution

Legal Form | Sample Stock Issuance Resolution

Michael David April 21, 2008 0

RESOLUTION OF THE BOARD / STOCK ISSUANCE RESOLUTION Pursuant to the Laws of the State of Nevada, and the Bylaws of CASA MANANA.COM, INC. a Nevada Corporation, (hereinafter, the Corporation), the undersigned Board of

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Legal Form | Sample Shareholder’s Rule 144(k) Representation Letter

Legal Form | Sample Shareholder’s Rule 144(k) Representation Letter

Michael David April 21, 2008 0

Shareholder’s Rule 144(k) Representation Letter To Whom It May Concern: I am submitting this letter in connection with the removal of a restrictive legend from Shares of stock that I own. “I”, the “Shareholder”,

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Sample Form | Irrevocable Transfer Agent Instructions

Sample Form | Irrevocable Transfer Agent Instructions

Michael David April 21, 2008 0

Sample Irrevocable Transfer Agent Instructions January 25, 2005 Transfer Online, Inc. 317 SW Alder Street, 2nd Floor Portland, OR 97204 Ladies and Gentlemen: Reference is made to that certain Equity Line Purchase Agreement (the

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The New Corporate Responsibility Standard: The Accounting Industry Reform Act of 2002

The New Corporate Responsibility Standard: The Accounting Industry Reform Act of 2002

Michael David April 22, 2002 0

On July 30, President Bush signed into law the Accounting Industry Reform Act of 2002 (formally, the Sarbanes-Oxley Act of 2002). The Act imposes myriad and significant new changes in both auditing practices and

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