Topic: Regulatory

— 1969 items —

Holy Cannoli at Abercrombie…
April 14, 2010—We’ve seen a lot of crazy disclosures over the years here at footnoted. But the 8-K that teen retailer Abercrombie & Fitch (ANF) filed yesterday has to be one of the wackiest we’ve ever seen. So much so, that it made us recall the words of Phil Rizzuto when we spotted it: “Holy Cannoli”. As […]

Few hints of trouble in Massey Energy’s filings __»
April 8, 2010—It’s becoming clear that Massey Energy (MEE), which owns the Upper Big Branch mine in West Virginia where 25 miners died after an explosion this week, has had a spotty regulatory history. By one count, the Upper Big Branch alone had 3,007 violations over the last 15 years (that’s nearly three a week) and more […]

New SEC Regulations Cast Wide Net…
April 1, 2010—We can—t speak for anyone else, but we—ll admit that we were caught off guard by the regulations that SEC Chairman Mary Schapiro unveiled at a press conference earlier today. In an unusually buoyant tone, Schapiro said that the new regulations would accomplish two key goals: Facilitate the work of the SEC’s Enforcement Division, which […]

On doing business with directors at bailed-out banks …
March 29, 2010—Like many Americans, we here at footnoted like to know what’s happening with our tax dollars. As a result, we tend to look a little closer at financial companies that got checks from Uncle Sam in the aftermath of the recent financial crisis. One of those companies was F.N.B. Corp. (FNB), a Hermitage, Penn., banking […]

WellCare worries over how health insurers look…
February 22, 2010—This morning’s NY Times had an interesting story about the Obama Administration going after what it describes as “excessive rate increases” that some health insurance companies — the article talks about Anthem Blue Cross specifically, a subsidiary of WellPoint (WLP) — are trying to pass along to their subscribers. And just last week, a friend […]

Coca-Cola Enterprises’ Vision not Clouded by Greenhouse Gases…
February 18, 2010—Although the relentless winter weather may seem like more of a concern right now than greenhouse gases (GHG), a lot of companies have been mentioning them lately in their SEC filings. Last month, the SEC issued some guidance on this topic. Still, there’s no formal rules as of yet. But with 10Ks flowing fast and […]

Orexigen revisits Fen-phen…
January 13, 2010—Today is a big day for Orexigen Therapeutics— (OREX) CEO Mike Narachi. At 1:30 p.m. EST he is scheduled to present at JPMorgan’s big Healthcare Conference in San Francisco. Narachi will have only a brief half hour to explain, or perhaps gloss over the 30-page slideshow that the company filed as an 8K on Monday. […]

The Supremes and Sarbanes-Oxley…
December 8, 2009—Yesterday, we took a break from our normal trawl through the filings to cozy up with the transcript from the arguments before the Supreme Court over whether the Public Company Accounting Board (PCAOB), which was created under Sarbanes-Oxley, has a right to exist. The arguments in the case, which was formally titled the Free Enterprise […]

On Tyson and T-Day…
November 24, 2009—On Friday night, I went to a screening of Food Inc. with Director Robert Kenner at the Phillipstown Depot, the former train station in Garrison that has been turned into a small theater. After the screening, Kenner took questions from the audience and I couldn’t help but ask whether he (and his researchers) had relied […]

SEC Madoff exhibit list now available…
November 3, 2009—Yesterday, we poked at the SEC for not just dumping 6,100 pages of material on a Friday afternoon, but for failing to provide a road-map to the 536 exhibits. In separate conversations with me, a representative of the SEC and SEC Inspector General David Kotz each suggested that it was the other’s fault for not […]