Section: March 27, 2025 | Vol 30, Issue 12
Delaware Bill Giving Safe Harbor to Most Conflicted Transactions is Signed into Law
Despite strong, sustained opposition from CII, other investor groups, law firms and legal scholars, Delaware Governor Matt Meyers signed into law Senate Bill 21 on March 26, a measure that provides a safe harbor for transactions in which a director or officer or a controlling stockholder may have a conflict of interest.
CII Joins Amicus Brief Supporting SEC’s Regulation NMS Rule
CII joined an amicus brief supporting the SEC in a legal challenge over the commission’s amendments to Regulation NMS, which would increase the transparency of exchange fees and rebates.
Senators Question Nominee Atkins about Deregulation, PCAOB Restructuring and ESG Investing
At his March 27 nomination hearing, Paul Atkins, the Trump administration’s nominee to chair the SEC said one of his top priorities was to “provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.”
23andMe Bankruptcy Sharpens Hindsight of Dual-Class Vulnerability
Amid this week’s widespread coverage of consumers impacted by 23andMe’s entrance into the bankruptcy process, stewards of capital also considered how corporate governance vulnerabilities preceded the evaporation of $6 billion in shareholder value since the company’s 2021 entry to the public markets.