| Business Review Letters -- Antitrust Clearance from the Department of Justice |
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| Before engaging in a business practice, individuals and companies may seek the view of the U.S. Department of Justice on the legality of the business practice under federal antitrust law. The procedure, known as a Business Review, allows persons to ask the Department of Justice for a statement of its current enforcement intentions. Although the Department of Justice is not authorized to provide advisory opinions to private parties, its business review procedure does allow such parties to seek a statement of present enforcement intentions. More... |
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| Liabliity Under Clean Water Act |
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| Enacted in 1972, The Clean Water Act1 (CWA) attempts to restore and maintain the chemical, physical, and biological integrity of United States waters by regulating the discharge of pollutants into the nation's surface waters, water treatment plants, and wetlands. Generally, a violation of the CWA occurs when a pollutant is discharged without an appropriate permit or in contravention or an effluent limitation or pretreatment requirement.
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| Directors' Ignorance of Corporate Affairs |
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| To carry out fully their duties and responsibilities to shareholders and the corporation, directors must be reasonably familiar with the workings of the corporation and have a general knowledge of how the corporation conducts its business. Directors are not expected to have superior knowledge about all business and financial aspects of the corporation, but they are assumed to have competent knowledge of the duties they have taken on when named to the board. More... |
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| The Rule 504 Exemption From Registration Requirements For Small Securities Offerings |
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| Prior to offering and selling its stock to the public, a company normally must prepare and file with the Securities and Exchange Commission a detailed registration statement containing a prospectus with audited financial statements for distribution to potential purchasers and other information for review by Commission staff. However, there are exemptions from such registration requirements for certain categories of offerings that are small in value or sold to restricted categories of purchasers. More... |
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| Bonds |
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| Bonds are debt securities issued by governments, corporations, and other entities. In return for the loan of money to the issuer represented by the bond, the issuer promises to pay a set rate of interest over the life of the bond and then pay back the principal or face value of the bond to the investor when the bond matures or becomes due. More... |
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