Overview
News & Insights
02.14.2022
Press Releases
Archer Welcomes Ten New Associates
Archer is pleased to welcome ten new associates, as the firm continues to grow across various practice areas throughout all of its offices.
01.11.2022
Client Advisories
Rule 10b5-1 Plans: SEC Proposes
On December 15, 2021, the Securities and Exchange Commission proposed amending Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 is a safe harbor from insider trading prohibitions. A company’s director, officer or other insider may trade such company’s securities while in possession of material non-public information provided that such trade is executed under a Rule 10b5-1 trading plan. The insider must create a 10b5-1 plan during the company’s open trading window and such insider is not otherwise in possession of material non-public information. The 10b5-1 plan typically gives authority to a third party, such as a broker, to then trade in such company’s securities.
11.29.2021
Client Advisories
SEC Adopts New Universal Proxy Rules For Proxy Contests
On November 17, 2021, the Securities and Exchange Commission (SEC) adopted rules to require the use of universal proxy cards in director election contests. Universal proxy cards, which list all duly-nominated director candidates from all parties, allow shareholders to vote through the proxy process in the same manner as they could by voting in person.