Media Mentions
2008
David Cifrino was quoted in a May 7 article published by Forbes Online regarding the increase of phone calls from proxy solicitors, which have increased this year because new SEC rules regarding electronic delivery of proxy statements have reduced voting by shareholders. Mr. Cifrino commented that shareholders registered with their brokers as objecting beneficial owners ("OBO"), should not get calls from proxy solicitors. "If you sign up as an OBO, you shouldn't be pestered regularly," he said.
David A. Cifrino PC, Corporate, Public Companies, Securities
David Cifrino was quoted in a February 14 article published by Securities Law360 regarding a set of proposed rule changes by the SEC that would accelerate the annual reporting deadline for private issuers that are publicly listed in the U.S. as well as allow U.S. investors to more easily access the disclosure documents of foreign companies that are exempt from U.S. regulation. Mr. Cifrino commented on the new rules and stated that the changes were not "earth-shattering," however they were a step in the right direction to modernize disclosure requirements. "It's making it a little bit easier for these companies to stay outside of regulation," Mr. Cifrino said.
David A. Cifrino PC, Corporate, Securities
2007
Christian von Sydow, David Cifrino and Paul Melot de Beauregard were mentioned in the February issue of Juve Rechtsmarkt regarding Nova Analytics in the acquisition of Ebro Electronic Instruments.
Paul Melot de Beauregard, David A. Cifrino PC, Christian von Sydow, Corporate, Employee Benefits & Pensions, Intellectual Property, Media & Technology
2006
David Cifrino was quoted in the January 5 issue of The Boston Globe on Sovereign Bancorp's decision to delay their annual meeting until two transactions close in order to gain a large, friendly shareholder in Santander to help vote against Relational's plans to oust all of the bank's directors.
David A. Cifrino PC, Corporate, Corporate Responsibility
2005
David Cifrino was quoted in the November 9 issue of the Boston Globe in regard to relational investors accusing the directors of Sovereign Bancorp of a "breach of trust" with shareholders.
David A. Cifrino PC, Corporate
2004
David Cifrino was quoted in CFO magazine on March 2 regarding the U.S. Securities & Exchange Commission's (SEC) new budget of $811.5 million, 15% more than their budget last year. Last year's funding increase was dedicated to adding 842 new positions, boosting the SEC staff by 30%. Mr. Cifrino commented, "Adding people will add to more [frequent] review of periodic filings but whether it increases the quality and value of the reviews remains to be seen."
David A. Cifrino PC, Securities
2002
David Cifrino was quoted in the September issue of CFO Magazine in an article which outlined a few of the many worries of CFOs and CEOs in the post-Enron environment and the recent enactment of the Sarbanes-Oxley Act. Mr. Cifrino commented on a "guilt by association" worry in regard to a provision regarding an ethics code for finance offers included in the Sarbanes-Oxley Act, which the article stated some executives may take personally. Don't, the article stated; the ethics code provision is simply "reflective of the publicity given to misconduct by people in finance and accounting -- that's where the scandals have been," Mr. Cifrino commented.
