Corporate

The FTC and DOJ released new guidelines for evaluating vertical mergers.

The SEC expanded its rules to allow any company—not just emerging growth companies—"to test the waters" before an IPO.

Another Delaware court found that a board of directors might be liable for breaching its duty of oversight.

ICYMI: In July, the SEC and FINRA published a joint statement on broker-dealer custody of digital assets and the applicability of the Customer Protection Rule.

The Business Roundtable (and its membership of top CEOs) revised its stance on the purpose of a corporation.

New York regulators approved a gold-backed digital currency.

The SEC is looking to modernize the Description of Business, Legal Proceedings, and Risk Factor Disclosures sections of S-K filings.

The Third Circuit provided rare guidance on the different roles (and liabilities) of board members vs. board observers.

A new Illinois law requires certain companies to publicly report diversity data of their boards.

A recent Delaware Supreme Court opinion provides guidance on a board of directors’ duty to oversee a company’s operations.