February 26,2025

This is an update to our Quick-Take article on “Introduction of the OTC Market’s New Tier: The OTCID.” By way of background, on October 14, 2024, the OTC Markets Group Inc. announced that in July 2025, the Pink Current Information Market will become the OTCID and companies that do not provide updated information will be downgraded to the Pink Limited Information Market or the Expert Market.

January 6, 2025

Identity theft is a growing concern in today’s digital world, and its effects are not limited to individual financial accounts. Fraud involving personal identifying information (PII) in corporate and business entity filings has become increasingly prevalent.

December 4, 2024

The FKBR Quick-Take series explores trending legal topics to provide quick answers to common questions. In this edition, our Corporate & Securities team discusses the introduction of the OTCID, a new market tier designated by the OTC Markets Group Inc. (the “OTC Markets Group”).

October 4, 2024

The FKBR Quick-Take series explores trending legal topics to provide quick answers to common questions. In this edition, our Corporate and Securities team discusses the initial listing of a company’s securities on the NASDAQ Capital Market.

August 5, 2024

On June 18, 2024, the Securities and Exchange Commission (SEC) announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, has agreed to pay over $2,100,000 to settle charges related to disclosure and internal control failures concerning cybersecurity incidents.

July 16, 2024

The FKBR quick-take series explores trending legal topics to provide quick answers to common questions. In this edition, our Corporate & Securities team discusses the Insider Reporting Requirements under Sections 13 and 16 of the Securities Exchange Act of 1934 (the “Exchange Act”).

February 21, 2024

The FKBR Quick-Takes series explores trending legal topics to provide quick answers to

common questions. In this edition, our Corporate & Securities team delves into key questions to

illuminate the benefits of “Omnibus Equity Incentive Plans.”

January 5, 2024

We have prepared this memorandum (the “Memo”) to summarize the final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure (the “Rule”) by the Securities and Exchange Commission (the “SEC“).

January 3, 2024

While newly formed California corporations have long enjoyed their “first year free” from the $800 minimum corporate franchise tax, limited liability companies (LLCs) were granted a waiver of that tax only for LLCs formed in 2021, 2022, and 2023.  That waiver has not been extended. 

December 15, 2023

The Corporate Transparency Act introduces new reporting requirements for companies conducting business in the United States. Effective January 1, 2024, nearly all companies (with a few exceptions i.e., public reporting companies) will be required to file Beneficial Ownership Information (BOI) reports to the Financial Crimes Enforcement Network (FinCEN).

May 10, 2023

The U.S. Securities and Exchange Commission (“SEC”) has new requirements for both companies and their insiders for insider trading plans (also known as 10b5-1 plans).