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Return to Sender: The DOJ Withdraws a Decades-Old Letter to a Proxy Advisor

Play figures of different colors

For nearly four decades, Institutional Shareholder Services (ISS) held a piece of paper most public companies would envy: a 1987 business review letter from the U.S. Department of Justice saying the government had no plans to challenge its...

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Will Third Tariff Regime Charm the Courts?

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If at first you don’t succeed, try, try again. That can-do sentiment could serve as the tagline for the administration’s newest tariff regime, which took effect on July 24. Acting under the Trade Act of 1974, the U.S. Trade Representative i...

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Easy Prediction for 2026: Insider Trading Concerns

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Will Anthropic go public by December 31, 2026? Most people on Polymarket think so (it costs one dollar to win 71 cents as of this writing). But we wouldn’t advise betting on it, especially if you’re an Anthropic employee. Anthropic is consi...

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Look, No Hands: The 2026 Proxy Season After the SEC’s No-Action Pullback

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When the 2026 proxy season opened, corporate secretaries braced for the usual scramble over which shareholder proposals had to appear on the ballot and which could be left off. What most of them no longer had was the referee they had leaned...

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Five Takeaways from the SEC’s (Newly Annual) Regulatory Agenda, and What it Says About the Commission’s Priorities

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For decades, federal agencies have, with few exceptions, published the Unified Agenda twice each year: a list of every rule they plan to propose or finalize in the months ahead. It rarely makes headlines, but for anyone building out a discl...

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