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| Litigation Publications |
Important Development in The Standard of Care for Directors and Officers of Georgia Corporations - 05/07
Securities, Corporate & Fiduciary Litigation
May 7, 2007
Thomas S. Richey
In a recent decision, Flexible Products Co. v. Ervast, a three-judge panel of the Georgia Court of Appeals took a major step in resolving the uncertainty regarding the standard of care for officers and directors of Georgia corporations.
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Eleventh Circuit Thwarts Attempt to turn Sarbanes-Oxley Certifications Into Strict Liability For Fraud - 11/03/06
Securities, Corporate & Fiduciary Litigation
November 3, 2006
John R. Bielema
Stacey Godfrey Evans
The Sarbanes-Oxley Act ("SOX") in 2002 imposed increased accounting and reporting requirements on public companies and their officers and directors. One specific requirement of SOX is that public company chief executive officers and chief financial officers must certify each periodic report filed with the Securities and Exchange Commission that contains financial statements.
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Georgia Legislature Approves Amendments to Georgia Corporation Code - 04/03/06
Business & Finance and Securities & Corporate Litigation
April 3, 2006
Thomas R. McNeill
Thomas S. Richey
Louis C. Spelios
Last week, the Georgia Legislature approved Senate Bill 469, a bill which affects how Georgia corporations conduct their affairs by modernizing the Georgia Corporate Code. Specifically, the bill contains provisions which relate to: the approval process for corporate transactions; the advancement of expenses to persons entitled to indemnification as corporate directors and officers, as well as the obligation of a corporation to indemnify; proceedings during bankruptcy; and the process by which corporations, limited liability companies, and partnerships, may elect another legal form. The bill is awaiting signature by Georgia Governor Sonny Perdue.
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