In a research paper written by Prof. Elizabeth Pollman, titled Startup Governance, and published through the Institute for Law and Economics, a joint research center of the Law School, the Wharton School, and the Department of Economics in the School of Arts and Sciences at the University of Pennsylvania, the author tackles the corporate
Start-ups
Legal Update: U.S. Federal Reserve Launches Main Street Lending Program by Opening Lender Registration and Updates Loan and Participation Documentation
On June 15, 2020, the Federal Reserve launched the highly anticipated Main Street Lending Program by announcing that the program is open for lender registration and encouraged lenders to begin making program loans to small and medium-sized businesses immediately. Participation by the Federal Reserve is expected to begin “soon.” This follows the release of updated…
Senate Committee Considers Securities-Related Legislation
The Senate Banking Committee recently considered various securities-related bills, including the following:
- S. 536 Cybersecurity Disclosure Act, which would require that a public company disclose whether a cybersecurity expert is on its board of directors;
- The 8-K Trading Gap Act of 2018, which would ban trading by insiders during the period of time between when
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