Interim Final Regulations Governing Executive Compensation under ARRA

The Treasury issues interim final regulations providing guidance on the executive compensation and corporate governance provisions of EESA that apply to entities that receive financial assistance under TARP.

Why VCP May be the Best Option

The article discusses some of the practical benefits of the Voluntary Correction Program and why it is often the best option including where Self Correction may be available.

Chrysler Pension Plans remain On-going Plans

The Chrysler Pension plans will remain on-going plans but with a new sponsor the PBGC confirms.

Supreme Court Lifts Stay Granted to Indiana Pension Funds in Chrysler Bankruptcy

Indiana Pension Funds objecting to proposed Chrysler sale receive a temporary stay from the Supreme Court.

IRS Releases Update of Corporate Bond Interest Rates

Notice 2009-56 provides guidance as to the corporate bond weighted average interest rate.

SEC Proposed Amendments to Investment Advisor Custody Rules

The SEC proposes amendments to the custody rules applicable to investment advisors requiring, among other things, suprise annual audits.

IRS Post Additional COBRA Subsidy Qs & As

IRS post additional questions and answers to its website regarding the COBRA subsidy.

Chief Counsel Release Clarifies Trustee Requirement of Temp. Treas. Reg. 1.892-2T(c)(1)(ii)

Chief Counsel Release clarifies the trustee requirement of Temp. Treas. Reg. ยง 1.892-2T(c)(1)(ii).

Notice 2009-49 Clarifies Impact of Government Stock Acquistion for Purposes of 409A Change of Control

Notice 2009-49 clarifies that if the Treasury or other entity acting on its behalf acquires stock in an entity pursuant to the Emergency Economic Stabilization Act of 2008, the acquisition is not to be treated as a change of control event for purposes of Section 409A(a)(2)(A)(v).

White House Fact Sheet on GM Bankruptcy

The White House has released a Fact Sheet regarding the GM bankruptcy including information regarding the creation of a new VEBA to be maintained by the new GM and how it will be funded.

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