TheCorporateCounsel.net

October 8, 2009

Cuban-SEC Battle Heats Up: SEC Appeals and Cuban Sues for Costs

Yesterday, the SEC announced that it would appeal the US District Court for the Northern District of Texas’ decision dismissing its insider-trading case against Mark Cuban. As noted in this article, Cuban’s lawyers are not happy.

Last month, I blogged that Cuban had sued the SEC to recoup attorney’s fees and expenses from the SEC, alleging bad faith.

For the enforcement afficionados out there, check out Russ Ryan’s nice blog on the SEC’s recent decision to delegate formal order authority.

More In-House Legal Departments Joining the Blogging Party

Recently, I noted that Microsoft’s legal department is participating in blogging on behalf of the company. Now Doug Chia of Johnson & Johnson has also joined this emerging trend – here is his first post – and his second.

Here is a note from Doug:

I’m really encouraging my counterparts to start experimenting with using different media to reach the retail side. At the end, retail apathy may be too strong to counter, but we’ve at least got to try to reach them and not just rely on our traditional press release, SEC filing and proxy solicitor call M.O. The time has come for new approaches and if the amendments to Rule 452 don’t make that abundently clear to us, I don’t know what will.

And here is a note from me – If in-house lawyers are blogging, I can’t understand how some law firms continue to prohibit their lawyers from doing so. Gain some exposure by contributing content to one of our blogs. Drop me a line and I can help teach you how easy it is…

How to Prepare for a Proxy Access World

We have posted the transcript for our recent webcast: “How to Prepare for a Proxy Access World.”

– Broc Romanek