Recently, the U.S. Securities and Exchange Commission issued some guidance for when publicly listed companies must disclose hacking incidents or other breaches of their cyber security to investors. See SEC Release here. The SEC said that if there is a breach of cyber security that leads to losses, then companies should “provide certain disclosures of
Supreme Court Decides SEC-presented Delaware Bylaw Issue
By Francis Pileggi on
Posted in Delaware Supreme Court Updates
CA, Inc. v. AFSCME Employees Pension Plan, (Del. Supr., July 17, 2008), read opinion here.(Revised opinion dated August 15, 2008, available here.)
This Delaware Supreme Court decision has been anticipated by the corporate legal world with great interest since oral arguments were heard by Delaware’s High Court last week. My post with some background…