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Client Memoranda

Our client memoranda archives offer a comprehensive library of perspectives on topical developments and issues around the world.

Client Memoranda  
UK Government Repeals Antitrust Exemption for Land Agreements Aug 31, 2010
Authors: Alasdair Balfour, Bernard (Barry) A. Nigro Jr., Peter Guryan, Richard C. Park, Ianis Girgenson
 
Timetables for the Performance of Tender Offers in France (Updated August 2010) Aug 31, 2010
Authors: Eric Cafritz, Olivier Genicot
 
Selected Highlights of The Dodd-Frank Act Affecting Derivatives August 19, 2010
Authors: David S. Mitchell, Robert M. McLaughlin, Todd R. Kornfeld, William J. Breslin, Victoria T. Mazgalev, Mark Molle
 
UK Antitrust Watchdog Investigates Equity Underwriting August 12, 2010
Authors: Alasdair Balfour, Bernard (Barry) A. Nigro Jr., Peter Guryan,  Richard C. Park
 
In re Visteon: Third Circuit Expands the Protection of Retiree Benefits in Chapter 11 Cases August 12, 2010
Authors: Brad Eric Scheler, Alan N. Resnick, Jean E. Hanson, Bonnie Steingart, Shannon Lowry Nagle, Gary L. Kaplan, Jennifer L. Rodburg, Kalman Ochs
 
Dodd-Frank Wall Street Reform and Consumer Protection Act August 10, 2010
 
Dodd-Frank Act Permanently Exempts Non-Accelerated Filers from Auditor Attestation Requirement of Section 404(b) of Sarbanes-Oxley Act. August 5, 2010
Authors: Stuart H. Gelfond, Paul D. Tropp, Katherine M. Hanna
 
Attorney-Client Privilege and Corporate Employees: The Ninth Circuit Gets In Line by Adopting the Bevill Test August 4, 2010
Authors: William F. Johnson, Laura Israel Sinrod 
 
Credit Rating Agency Consents Required for Inclusion of Ratings in Registration Statements August 2, 2010
Authors: Jeffrey Bagner, Stuart H. Gelfond, Colleen R. Duncan
 
Free Enterprise Fund v. Public Company Accounting Oversight Board: "Dual For-Cause" Removal Struck Down; PCAOB Operations Upheld. July 29, 2010
Authors: David B. Hardison, Paul H. Pashkoff
 
"Dodd-Frank Act Excludes Primary Residence From Accredited Investor Net Worth Standard" Jul 23, 2010
Authors: Jessica Forbes, Stuart Gelfond, Edward Alterman, Gregory P. Gnall
 
New Incentives for Foreign Corrupt Practices Act Whistleblowers:  Dodd-Frank Wall Street Reform and Consumer Protection Act July 16, 2010
Authors: Lisa H. Bebchick, Howard W. Goldstein, William F. Johnson, Steven M. Witzel, Kevin J. Harnisch
 
Dodd-Frank Wall Street Reform and Consumer Protection Act: Impact on Public Companies July 16, 2010
Authors: Laraine S. Rothenberg, Donald P. Carleen, Stuart H. Gelfond, Sarah J. Candela, Christy L. Gressman, Todd McCafferty, Andrea L. Pollak
 
CFTC Staff Issues Advisory Concerning the Offer and Sale of Foreign Security Futures Products to Customers Located in the United States July 15, 2010
Authors: David S. Mitchell, William J. Breslin
 
SEC Adopts Rule Banning Investment Advisers from Engaging in Pay-to-Play Practices July 13, 2010
Authors: Jessica Forbes, Gregory P. Gnall, Adi Hanetz, Lawrence N. Barshay, Kenneth I. Rosh, Jonathan S. Adler, John M. Bibona, Edward F. Ughetta, David S. Mitchell, Richard I. Ansbacher, Walid Khuri, Bradford R. Lucas, Richard A. Steinwurtzel
 
National Futures Association Petitions Commodity Futures Trading Commission to Amend Rule 4.5 to Reimpose Trading and Marketing Criteria Jul 7, 2010
Authors: David S. Mitchell, Mark Molle
 
The Supreme Court Lends Clarity, but Leaves Open Questions, Regarding the Extraterritorial Application of the U.S. Securities Laws Jul 1, 2010
Authors: William G. McGuinness, Stephanie J. Goldstein, Nick Cherryman, David B. Hennes, Douglas H. Flaum, Gregg L. Weiner
 
The Supreme Court Constricts the Scope of the “Honest Services” Statute Jul 1, 2010
Authors: Lisa H. Bebchick, Howard W. Goldstein, David B. Hennes, William F. Johnson, Carmen J. Lawrence, Audrey Strauss, Teresa M. Venezia, Steven M. Witzel, Kevin J. Harnisch, Dixie L. Johnson
 
Supreme Court Holds that “Business Methods” May Be Patented as “Inventions” in the United States Jun 29, 2010
Authors: James W. Dabney, Stephen S. Rabinowitz, Henry C. Lebowitz, John F. Duffy
 
UK Financial Services Authority to be Abolished Jun 18, 2010
Authors: Peter Richards-Carpenter, Neil Macleod
 
New "Double Tax Treaty Passport Scheme" for Lenders to the UK Launched Jun 3, 2010
Authors: Robert Gaut; Nick David Thornton
 
The New UK Bribery Act May 11, 2010
Authors: Neil Macleod
 
The Supreme Court Strikes a Blow Against Class Arbitrations Apr 30, 2010
Authors: Michael B. de Leeuw, Barry A. Nigro, Peter Guryan, Richard C. Park
 
Obama Administration Announces Proposed Comprehensive Reform to U.S. Export Control System, Including Single Licensing Agency and Single Control List Apr 26, 2010
Authors: Jay R. Kraemer, G. M. Grimmett, III
 
New York State Assembly Passes Power of Attorney Technical Correction Bill:  Implications for Funds and Fund Managers Apr 9, 2010
Authors: David W. Selden, Menachem Farber
 
SEC Adopts Amendments to Regulation SHO Mar 30, 2010
Authors: Jessica Forbes, Gregory P. Gnall, Christine M. Lombardo
 
Adapting to RiskMetrics Group's New Governance Risk Indicators System Mar 26, 2010
Authors: Stuart Gelfond, John Sorkin, Sarah Gray
 
Tax Provisions in Hire and Health Care Legislation Mar 24, 2010
Authors: David I. Shapiro, Brian Kniesly
 
Delaware LLCs – Entity Status for UK Tax Purposes Mar 18, 2010
Authors: Robert Gaut, Keith Featherstone, Nick David Thornton
 
UK Bank Payroll Tax – Further Clarifications and Exclusions Issued Mar 16, 2010
Authors: Robert Gaut, Keith Featherstone, Nick Thornton
 
New York Court Rejects Claim By Lender For Full Recourse Liability Based On Missed Tax Payment Mar 3, 2010
Authors: Jonathan L. Mechanic, Gregg L. Weiner
 
SEC Adopts New Short Sale Rule Feb 25, 2010
Authors: Jessica Forbes, Gregory P. Gnall
 
SEC Approves NASDAQ Listing Requirement Modifications Feb 18, 2010
Authors: Stuart H. Gelfond, Mehri F. Shadman Valavi, Ariel B. Alter
 
SEC Issues Interpretive Guidance Concerning Climate Change Disclosure Feb 16, 2010
Authors: Richard M. Schwartz, Richard G. Leland, Stuart H. Gelfond, Donna Mussio, David A. Zilberberg, Coleman Kennedy
 
SEC Staff Issues C&DIs Interpreting New Disclosure Requirements Relating to Corporate Governance and Executive Compensation Feb 8, 2010
Authors: Stuart H. Gelfond, John E. Sorkin, Donald P. Carleen, Laraine S. Rothenberg, Jeffrey W. Ross, Elijah J. Hammans, Matthew Behrens, Amy L. Blackman
 
SEC Proposes Amendments to Issuer Share Repurchase Rules Feb 8, 2010
Authors: Jessica Forbes, Stuart Gelfond, Philip Richter, John E. Sorkin, Christine M. Lombardo
 
UK CFC Reforms - New Discussion Document Published Jan 27, 2010
Authors: Keith Featherstone, Robert Gaut, Nick Thornton
 
Commodity Futures Trading Commission Proposes Position Limits in the Energy Futures and Options Markets Jan 26, 2010
Authors: David S. Mitchell, Mark Molle, William J. Breslin
 
Undercover DOJ Sting Operations for FCPA Violations:  A New Level of Enforcement Jan 21, 2010
Authors: Howard W. Goldstein, William F. Johnson, Steven M. Witzel, Kevin J. Harnisch
 
New Regulation G Guidance for 2010 Earnings Season Jan 20, 2010
Authors: Richard A. Steinwurtzel, Stuart H. Gelfond, Philip Richter, John E. Sorkin, Tiffany T. McConnell, Colleen R. Duncan
 
SEC and FASB Update Oil and Gas Interpretations and Standards Jan 20, 2010
Authors: Stuart H. Gelfond, Richard M. Schwartz, Vasiliki B. Tsaganos, Mehri F. Shadman Valavi
 
FINRA Proposes Consolidated Rules Governing Membership Application Process Jan 15, 2010
Authors: Jessica Forbes, Gregory P. Gnall, Christine M. Lombardo
 
SEC Amends the Advisers Act Custody Rule Jan 15, 2010
Source:  
Authors: Jessica Forbes, Mark Molle
 
A Look at RiskMetrics Group’s Policy Update for the 2010 Proxy Season Jan 12, 2010
Authors: Stuart H. Gelfond, Philip Richter, John Sorkin, Laraine S. Rothenberg, Eugene Drozdetski, Amy L. Blackman, Mindy P. Meyers
 
SEC Proposes to Require Credit Ratings Disclosures in Registered Offerings Jan 11, 2010
Source:  
Authors: Stuart H. Gelfond, Paul D. Tropp, Vasiliki B. Tsaganos, Colleen R. Duncan
 
FINRA issues proposed rules on securities lending, permissible use of customer securities and callable securities Jan 11, 2010
Authors: Jessica Forbes, Gregory P. Gnall
 
SEC Proposes Changes to Further Ease Pre-Offering Communication by WKSIs Jan 4, 2010
Source:  
Authors: Paul D. Tropp, Eugene Drozdetski
 
The CME Launches the Clearance and Settlement of Credit Default Swaps Dec 22, 2009
Authors: David S. Mitchell, William C. Thum, Andrew H. Levine, William J. Breslin
 
FLASH: Federal Estate and Generation-Skipping Transfer Taxes will be Suspended in 2010.  Your Will May Need A Codicil to Preserve Your Intended Estate Plan. Dec 21, 2009
Authors: Ann B. Lesk, Brad J. Richter, Jane Revellino, Emily Hirshbein
 
Update on UK Bank Payroll Tax Dec 21, 2009
Authors: Robert Gaut
 
SEC Issues Final Rules Concerning Corporate Governance and Disclosure of Executive Compensation Dec 18, 2009
Authors: Donald P. Carleen, Laraine S. Rothenberg, Jeffrey Ross, Matthew Behrens, Amy L. Blackman
 
UK Bank Payroll Tax Dec 11, 2009
Authors: Keith Featherstone, Robert Gaut, Nick David Thornton
 
Carried Interest Provisions and Foreign Account Tax Compliance Act Proposed as Offsets for Extenders Bill Dec 8, 2009
Source:  
Authors: David I. Shapiro, Brian Kniesly
 
Carried Interest Provisions and Foreign Account Tax Compliance Act Proposed as Offsets for Extenders Bill Dec 7, 2009
Authors: David I. Shapiro, Brian Kniesly
 
Executive Compensation Update:  Code Sections 409A and 162(m) Dec 1, 2009
Authors: Donald P. Carleen, Laraine S. Rothenberg, Jeffrey Ross, Michael C. Spataro, Amy L. Blackman
 
CFTC Adopts Amendments to Commodity Pool Operator Reporting Requirements Nov 24, 2009
Source:  
Authors: David S. Mitchell, Mark Molle
 
Issues Related to Post-Year-End Offerings Nov 24, 2009
Authors: Stuart H. Gelfond, Christy L. Gressman
 
New Legislation Concerning “Reasonable” Management Remuneration for German Stock Corporations – August 2009 Nov 19, 2009
Authors: Dr. Jürgen van Kann, Anjela Keiluweit
 
Update on the Reform of the UK’s CFC Tax Regime Nov 10, 2009
Authors: Keith Featherstone, Robert Gaut, Nick David Thornton
 
Health Care Reform: More Aggressive Fraud Enforcement and Broader Government Oversight are on the Horizon Nov 5, 2009
Authors: Beth C. McClain, Douglas W. Baruch, John T. Boese
 
Unraveling Financing Transactions Under Fraudulent Conveyance Laws:  The Lessons of In re TOUSA, Inc. Nov 2, 2009
Authors: Brad Eric Scheler, Jean E. Hanson, Gary L. Kaplan, Alan N. Resnick, Jennifer L. Rodburg, Bonnie Steingart, Kalman Ochs
 
Recently Introduced Tax Legislation of Interest to Funds and Fund Managers Oct 30, 2009
Authors: David I. Shapiro, Brian Kniesly
 
New Federal Reserve Proposed Guidance on Sound Incentive Compensation Policies Oct 27, 2009
Authors: Laraine S. Rothenberg, Donald P. Carleen, Jeffrey Ross, Mindy P. Meyers, Todd S. McCafferty, Michael C. Spataro
 
What does the IMO Car Wash Court Decision mean for creditors Sep 24, 2009
Authors: Timothy E. Peterson, Rob McBride, Askan Denstaedt, Jennifer Kafcas, Helen Shilling
 
SEC Publishes Section 13(d) and 13(g) Compliance & Disclosure Interpretations Sep 24, 2009
Authors: Jonathan S. Adler, John M. Bibona, Jessica Forbes, Paul M. Reinstein, Philip Richter, John E. Sorkin, Ilan Katz
 
Holiday Blues Sep 23, 2009
Authors: Sheena McCaffrey
 
UK Pensions – Consultation on Further Amendments to Debt Regulations Sep 23, 2009
Authors: Sheena McCaffrey
 
Tax Chamber decision in Laerstate is a cautionary tale of a failure to maintain non-UK tax residence Sep 16, 2009
Authors: Keith Featherstone, Robert Gaut, Nick David Thornton
 
New York’s New Power of Attorney Law Effective 9/1/09:  What It Means for Individuals Sep 1, 2009
Source:  
Authors: Ann B. Lesk, Brad J. Richter
 
U.S. Treasury Proposes Comprehensive Federal Regulation of OTC Derivatives Aug 21, 2009
Authors: David S. Mitchell, William C. Thum, Carol M. Epstein, Mark Fajfar, William J. Breslin, Andrew H. Levine, Mark Molle
 
IRS Offers Additional Relief for Filing 2008 (and Earlier) FBARs Aug 7, 2009
Authors: David I. Shapiro, Brian Kniesly
 
Executive Compensation Update:  Frank Bill Passes House Aug 3, 2009
Authors: Donald P. Carleen, Laraine S. Rothenberg, Jeffrey Ross, Matthew Behrens, Amy L. Blackman, Mindy P. Meyers
 
SEC Proposes Rule Banning Investment Advisers from Engaging in Pay-to-Play Practices Jul 27, 2009
Authors: Terrance J. O’Malley, Jessica Forbes, Shanna M. Cohn
 
SEC Proposes Amendments to Proxy Solicitation Rules and Disclosures of Shareholder Vote Results on Form 8-K Jul 23, 2009
Authors: Jeffrey Bagner, John E. Sorkin, Philip Richter, Ilan Katz
 
Recent Executive Compensation Legislative Proposals Jul 21, 2009
Authors: Laraine S. Rothenberg, Donald P. Carleen, Jeffrey Ross, Amy L. Blackman
 
SEC Proposes Rules Concerning Proxy Disclosure of Executive Compensation and Corporate Governance and Shareholder Approval of Executive Compensation of TARP Recipients Jul 21, 2009
Authors: Donald P. Carleen, Laraine S. Rothenberg, Matthew Behrens, Jeffrey Ross, Amy L. Blackman, Mindy P. Meyers
 
Treasury Announces Proposed Legislation to Require Registration of Private Fund Managers Jul 17, 2009
Authors: Terrance J. O’Malley, Jessica Forbes, Richard I. Ansbacher, Shanna M. Cohn
 
UK Corporate Governance:  A Radical Shift in the Landscape? Jul 14, 2009
Authors: Jerry Walter, Helen Shilling
 
UK Proposals for the Reform of Banking Regulation Jul 10, 2009
Authors: Neil Macleod
 
CFTC Statement on Speculative Position Limits and Transparency Initiatives Jul 10, 2009
Authors: David S. Mitchell, Mark Molle
 
SEC Proposes Shareholder Proxy Access Rules Jul 7, 2009
Authors: Philip Richter, John E. Sorkin, Ilan Katz
 
SEC Approves Elimination of Broker Discretionary Voting in Director Elections Jul 7, 2009
Authors: Philip Richter, John E. Sorkin, Andrew P. Varney, Richard A. Steinwurtzel, Colleen R. Duncan
 
UK Code of Practice on Tax for the Banking Sector Jun 30, 2009
Authors: Robert Gaut, Keith Featherstone, Nick David Thornton
 
SEC Approves Amendments to NASD Rule 2720 Which Governs Conflicts of Interest in Public Offerings Jun 25, 2009
Authors: Gregory P. Gnall, Stuart H. Gelfond, Edward Alterman, Christine M. Lombardo
 
IRS Offers Relief for Filing 2008 FBARs Jun 24, 2009
Authors: David I. Shapiro, Brian Kniesly
 
The Department of Treasury’s Regulatory Reform Proposals:  An Analysis of the Impact on Private Fund Managers Jun 23, 2009
Authors: Terrance J. O’Malley, Jessica Forbes
 
Uncertainties Regarding Applicability of FBAR Filings due June 30, 2009 Jun 17, 2009
Authors: David I. Shapiro, Brian Kniesly
 
The SEC’s Proposed Custody Rule Changes An Analysis of the Impact on Hedge Fund Managers Jun 15, 2009
Source:  
Authors: Terrance J. O’Malley, Jessica Forbes
 
New Executive Compensation Guidance and Legislative Proposals Jun 15, 2009
Authors: Laraine S. Rothenberg, Donald P. Carleen, Amy L. Blackman, Todd S. McCafferty, Jeffrey Ross, Michael C. Spataro
 
Delaware Court Interprets Continuing Director “Poison Put” Provision Jun 12, 2009
Authors: Andrew B. Barkan, Daniel J. Bursky, Arthur Fleischer Jr., Stuart H. Gelfond, Peter S. Golden, Valerie Ford Jacob, Michael A. Levitt, Philip Richter, Paul D. Tropp, Stephanie J. Goldstein, William G. McGuinness, Vasiliki B. Tsaganos, Timothy E. Peterson, Richard A. Steinwurtzel, Joshua Wechsler, Mehri F. Shadman
 
OTC Derivatives Dealers and Buy-Side Participants Jointly Propose New Framework for Risk Management and Market Structure Jun 5, 2009
Authors: David S. Mitchell, William C. Thum, Mark Fajfar, William J. Breslin
 
The Regulation of Private Placements in France (Updated) Jun 1, 2009
Authors: Eric Cafritz, Olivier Genicot, Benoit Ternon
 
CFTC Requests Comment on Permitted Investments of Customer Funds and Funds for Foreign Futures and Options Transactions May 28, 2009
Authors: David S. Mitchell, Mark Molle
 
Fraud Enforcement and Recovery Act of 2009:  Congress Amends Money Laundering and Criminal Fraud Statutes to Expand Their Scope and Penalties May 27, 2009
Authors: Howard W. Goldstein
 
US Treasury Announces Proposed New Regulatory Regime for OTC Derivatives May 21, 2009
Authors: David S. Mitchell, William C. Thum, Mark Fajfar, William J. Breslin
 
Payment of Rolled-Up Interest – UK Tax Update May 14, 2009
Authors: Robert Gaut, Keith Featherstone, Nick David Thornton
 
Proposed EU Directive on Alternative Investment Fund Managers May 8, 2009
Authors: Timothy E. Peterson; Karen C. Wiedemann; Robin Nordblad; Neil Macleod
 
SEC Cites Adviser for Failing to Conduct Advertised Due Diligence on Recommended Hedge Funds Apr 23, 2009
Authors: Terrance J. O’Malley, Jessica Forbes
 
Collective Dismissals in France (updated) Apr 10, 2009
Authors: Eric Cafritz, Frederique Jais-Emery, Olivier Genicot
 
CFTC Publishes Concept Release on Reviewing Bona Fide Hedging Exemptions for Swap Dealers Mar 30, 2009
Authors: David S. Mitchell, Mark Molle
 
DEC Issues Guidance for Evaluating the Impact of Energy Use and Greenhouse Gas Emissions under Environmental Impact Statements Mar 25, 2009
Authors: Richard G. Leland, Joshua J. Cohen
 
SEC Brings Enforcement Action Involving Inadequate PPM Disclosure Mar 23, 2009
Authors: Terrance J. O’Malley, Jessica Forbes
 
EPA Proposes Draft Rule Requiring Greenhouse Gas Emissions Monitoring and Reporting Mar 19, 2009
Authors: Richard M. Schwartz, David A. Zilberberg, Donna Mussio, Coleman Kennedy
 
The “Big Bang Protocol”:  ISDA Streamlines CDS Settlement Through Publication of Standard CDS Auction Terms and Related Protocol Mar 19, 2009
Authors: David S. Mitchell, William C. Thum, Andrew H. Levine, Mark Fajfar
 
The New Federal Role in Funding and Regulating Health Care Information Technologies Under the HITECH Act Mar 16, 2009
Authors: Beth C. McClain, Karen M. Soares, Stuart H. Gelfond, Philip Richter, Elizabeth Fasse
 
CFTC Proposes Amendments to Commodity Pool Operator Periodic and Annual Reporting Requirements Mar 10, 2009
Authors: David S. Mitchell, Mark Molle
 
New SEC Rules Modify Form D Disclosure Requirements, Mandate Electronic Filing of Form D and Require Annual Amendments Mar 5, 2009
Authors: Lawrence Barshay, Stuart Gelfond, Bradford Lucas, Edward Alterman, Adam Glaser
 
Recent Tax Proposals of Interest to Funds and Fund Managers Mar 5, 2009
Authors: Brian Kniesly, David I. Shapiro
 
CFTC Proposes Amendments to Written Acknowledgments for Customer Funds and Secured Amount Funds Feb 26, 2009
Authors: David S. Mitchell
 
SEC Updates Reporting Requirements for Oil and Gas Companies Feb 24, 2009
Authors: Stuart H. Gelfond, Richard M. Schwartz, Vasiliki B. Tsaganos, Mehri F. Shadman Valavi
 
American Recovery and Reinvestment Act of 2009: New Limits on Executive Compensation and Corporate Governance Feb 18, 2009
Authors: Thomas P. Vartanian, Robert H. Ledig, Gordon Miller, Laraine S. Rothenberg, Amy L. Blackman, Mindy P. Meyers, Todd McCafferty, Donald P. Carleen, Jeffrey Ross, Uri Horowitz
 
CFTC Staff Advisory Concerning Recordkeeping Requirements Feb 18, 2009
Authors: David S. Mitchell, Gregory P. Gnall, Kevin J. Harnisch
 
Summary of Clean Energy and Energy Efficiency Provisions In the New Stimulus Package Feb 18, 2009
Source:  
Authors: Richard M. Schwartz, Joel Scharfstein, Donna Mussio, David A. Zilberberg, Coleman Kennedy, David Felman
 
American Recovery and Reinvestment Act of 2009: COD, AHYDO and Other Tax Provisions Feb 17, 2009
Authors: Robert Cassanos, Lisa A. Levy, David I. Shapiro, Eli Weiss
 
France Completes Implementation of Cross-Border Mergers Directive Feb 5, 2009
Authors: Eric Cafritz, Frederique Jais-Emery, Olivier Genicot
 
The Obama Administration’s Plan for Health Care Reform: Potential Ramifications for Employers, Investors, and the Health Care Sector Feb 4, 2009
Authors: Beth C. McClain, Stuart H. Gelfond, Philip Richter, Karen M. Soares
 
A Look at RiskMetrics Group’s Policy Update for the 2009 Proxy Season Feb 3, 2009
Authors: Stuart H. Gelfond, Philip Richter, John Sorkin, Jenna L. Watson
 
 
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