The PCAOB recently published a new Report on Emerging Growth Companies (EGCs). The EGC filer status was a provision of the Jumpstart Our Business Startups Acts (JOBS Act) of 2012 which was intended to improve access to capital markets for small … Continue reading
Monthly Archives: May 2017
Supreme Court Decision May End Patent Litigation Venue Shopping
In a major victory for those supporting patent litigation venue reform, the Supreme Court yesterday issued an opinion in the matter of TC Heartland v. Kraft Foods Group Brands, LLC., holding that for domestic corporations, “reside” in 28 USC §1400(b) … Continue reading
Auditor Changes Roundup: Q1 2017
Q1 2017 saw an increase in the number of SEC registrants who changed auditors compared to Q1 of last year. Overall, there were 48 new engagements this quarter, compared to 42 engagements in Q1 of 2016. Deloitte was at the top for the second … Continue reading
2016 CEO and CFO Departures
There were 21,251 total changes in board director and officer positions in 2016 per 8-K item 5.02. Of those D&O changes, 1,022 involved CEO departures and 1,169 involved CFO departures. While not given in every filing, a reason for the departure … Continue reading
Law Firm Market Share
Note: This post has been updated from its previous version in order to correct the percentages associated with law firm market share. Over the past two years, approximately 2,300 current and former SEC registered companies have disclosed material, federal civil … Continue reading