Searching Content indexed under Securitization & Structured Finance by Blank Rome LLP ordered by Published Date Descending.
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U.S. Regulatory Update – Final Rules: Credit Risk Retention For CLOs
The final risk retention rules will change the status quo for nearly all CLO managers beginning in the fourth quarter of 2016.
United States
6 Nov 2014
Warehouse Financing—Ramp-Up Funding For CLOs
Historically, the manager of a collateralized loan obligation transaction often arranged a credit facility with a bank in order to provide short-term financing for the acquisition of corporate loans before the launch of the CLO.
United States
28 Nov 2013
U.S. Supreme Court Holds Loss Causation Not Required For Class Certification
On June 6, 2011, in Erica P. John Fund, Inc. v. Halliburton Co., the United States Supreme Court issued a unanimous decision overruling the Court of Appeals for the Fifth Circuit and expressed the limited holding that investors are not required to prove "loss causation" to obtain class certification in a federal securities fraud case.
United States
13 Jun 2011
Amendments To Security And Exchange Commission Rule 15c2-12 And Accompanying Interpretation Expand Disclosure Obligations, Eliminate The Materiality Determination For Certain Listed Events, Establish A Ten-Day Time Frame For Submitting Event Notices
On May 26, 2010, the Securities Exchange Commission adopted amendments ("Amendments") to Rule 15c2-12, promulgated under the Securities Exchange Act of 1934 ("Rule"), that affect brokers, dealers and municipal securities dealers ("Participating Underwriters"), issuers of municipal bonds, and borrowers of municipal bond proceeds ("Obligated Persons").
United States
11 Apr 2011
The Court Of Chancery: Bucking The Trend To Play The Blame Game, Dismisses Breach Of Fiduciary Duty Claims For Losses Suffered In The Subprime Market Gamble
Yesterday, the Court of Chancery rejected - at least for now - the attempt by Citigoup's shareholders to blame its Board of Directors for its massive losses and the ensuing plunge in its share price.
United States
17 Mar 2009
SEC Proposes Amendments To The Investment Company Act To Reduce Reliance On Credit Ratings
In response to the subprime mortgage crisis and issues related to the quality of credit ratings utilized by money market funds to evaluate the quality of each instrument, the Securities and Exchange Commission (the "SEC") proposed amendments to its rules under the Investment Company Act of 1940
United States
18 Sep 2008
U.S. Supreme Court Rejects The Concept Of "Scheme Liability”
On January 15, 2008, the United States Supreme Court issued a much-anticipated decision that significantly reduces the risk that a third party – such as a vendor or financial institution – that does business with an issuer who files financial statements that violate the federal securities laws, would itself be held liable for violations of Section 10(b) of the Securities and Exchange Act of 1934, as amended, and Securities and Exchange Commission Rule 10b-5.
United States
28 Jan 2008
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