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Independent Director Requirements for Nasdaq Listed Companies

The Nasdaq Stock Exchange, Inc., has adopted Rule 4350(c)(1), which requires that every company listed on Nasdaq must have independent directors as the majority of the company's board of directors. Each listed company must publicly disclose which...

Section 31 or SEC Transaction Fees

Under Section 31 of the Securities Exchange Act of 1934, 15 U.S.C.S. ? 78ee, the Securities and Exchange Commission recovers costs of regulating securities markets and transactions. Section 31 fees, which exceeded $1 billion in 2004, are...

Mergers

Self-regulatory organizations such as the New York and American Stock Exchanges and NASDAQ require that listed companies must obtain approval of their shareholders for stock options and other equity sharing plans. ...

Antitrust & Trade Law: Clayton Act

Section 3 of the Clayton Act, 15 U.S.C.S. § 14, makes illegal certain distribution practices. Generally, Section 3 of the Clayton Act makes it illegal to enter into tying arrangements, exclusive dealing contracts or requirements contracts if...

Antitrust and Trade Law Venue

Private parties, including persons, corporations, and other entities, may sue in U.S. District Courts for three times their damages caused by violations of federal antitrust law. Special venue provisions are provided to assist...