Blog

Alliance for Fair Board Recruitment; National Center for Public Policy Research, versus Securities and Exchange Commission

The Fifth Circuit Court of Appeals invalidated Nasdaq’s diversity disclosure rules, which required companies to disclose the racial, gender, and sexual orientation of their directors or explain non-compliance. The court ruled the rules conflicted with the Securities Exchange Act of 1934, finding they exceeded Nasdaq’s regulatory authority. The decision underscores limitations on self-regulatory organizations, emphasizing that exchange rules must align with the Act’s goals of preventing fraud and promoting fair markets.

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A legal advisor providing corporate governance advice to a board of directors

SPA Primer for Entrepreneurs

For founders and entrepreneurs, a Stock Purchase Agreement (SPA) outlines the terms of selling shares and sets the stage for what follows. Understanding core elements—price adjustments, representations and warranties, closing conditions, and indemnification—equips you to negotiate effectively, protect your interests, and ensure a smoother transition into your company’s next phase.

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Seed Financing 101: A Founder-Friendly Guide to Early-Stage Funding Instruments

Navigating the complexities of seed financing is a challenge every founder faces. This guide simplifies the process, providing actionable insights into seed-stage funding options—from bootstrapping to raising from friends, family, or super-angels. With over a decade of experience, Montague Law is here to support entrepreneurs at every step, ensuring you’re informed and ready to grow.

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