Tags » U-S-securities-and-exchange-commission

American Apparel: Charney Seeks Millions In Damages, S.E.C. Investigates Charney's Termination

Dov Charney, the controversial founder and former CEO of American Apparel Inc., is seeking millions in damages after he was terminated last year. The New York Posts reports, Charney’s attorney Keith Fink’s, who represented the fashion retailer’s employees against Charney for sexual harassment, said in a letter dated March 19, that Charney is seeking  $20M to $25M in damages for loss of employment; about $6M in severance; $10M for emotional distress; $1.3 in vacation time pay; and 13 million shares of the company. 197 more words

Fashion Court

SEC launches probe into American Apparel's dismissal of former CEO Dov Charney

American Apparel Inc., whose controversial founder was ousted last year for alleged misconduct, said the U.S. Securities and Exchange Commission has begun a probe into the company’s handling of the matter. 267 more words

Retail & Marketing

Davis Polk discusses SEC Issuance of Reporting Rules for Security-Based Swaps

On February 11, 2015, the Securities and Exchange Commission issued a final rule (the “Final Rule”) and proposed amendments (the “Proposed Rule”) on the reporting and public dissemination of security-based swap (“SBS”) information, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. 2,818 more words

Securities Regulation

Nordstrom Shareholder Says Nordstorm Hid Expenses Amassed By Nordstorm Family For Personal Use Of Company Planes

“For many years, unbeknownst to its shareholders, Nordstrom has maintained an aviation department, the activities of which are far removed from Nordstrom’s core business as an upscale fashion retailer,” states the derivative complaint that was filed in the Washington Western District Court. 689 more words

Fashion Court

Chair White explains Disqualifications, Exemptions and Waivers Under the Federal Securities Laws

Thank you, Bill, for that very kind introduction.  I am honored to be here.I see that you have an ambitious agenda over the next two days discussing some of the hardest legal challenges companies are facing today.   6,164 more words

Securities Regulation

The price of oil is about to blow a hole in corporate accounting

There’s one place in the world where oil is still US$95 a barrel.

On paper.

The U.S. Securities and Exchange Commission requires drillers to calculate the value of their oil reserves every year using average prices from the first trading days in each of the previous 12 months. 786 more words


Multi-Corp director sanctioned for ignoring ASC order

A Calgarian whose oil and gas company issued shares to pay for asset purchases after it had been told to cease trading has been ordered to pay a penalty of $20,000 plus $5,000 in costs by the Alberta Securities Commission. 170 more words