Sara Brauerman

2 months ago | corpgov.law.harvard.edu | Jason M. Halper |Peter Marshall |Sara Brauerman

Board of Directors, Delaware Court of Chancery, Private equity, StockholderMore from: Jason Halper, Peter Marshall, Sara Brauerman, Vinson & ElkinsJason Halper, Peter Marshall, and Sara Brauerman are Partners at Vinson & Elkins LLP. This post is based on a Vinson & Elkins memorandum by Mr. Halper, Mr. Marshall, Ms. Brauerman, and Anna Boos, and is part of the Delaware law series; links to other posts in the series are available here.

Jan 14, 2025 | jdsupra.com | Sara Brauerman |Jason M. Halper |Peter Marshall

[Co-author: Anna Boos*]On January 7, 2025, Vice Chancellor Glasscock issued a 68-page post-trial decision in Manti Holdings, LLC v. The Carlyle Group Inc., in which he rejected plaintiffs’ claims of breach of fiduciary duty in connection with the sale of Authentix Acquisition Company, Inc. (“Authentix” or the “Company”) to private equity firm Blue Water Energy LLP (“BWE”) in September 2017. The plaintiffs, minority stockholders of Authentix, alleged that the Carlyle Group Inc.

Nov 14, 2024 | jdsupra.com | Rebecca Fike |Jason M. Halper |Sara Brauerman

[co-author: Lucia Kang*]On November 8, 2024, the U.S. Securities and Exchange Commission (“SEC”) announced a settled enforcement action (the “SEC Order”) against Invesco Advisers, Inc. (“Invesco”), an investment advisory firm, for making misleading statements concerning the company-wide percentage of assets under management (“AUM”) that integrated environmental, social and governance (“ESG”) factors in investment decisions.

Nov 8, 2024 | velaw.com | Jason M. Halper |Rebecca Fike |Sara Brauerman |Jon Solorzano

According to the SEC Order, beginning in late 2019, Invesco identified the use of ESG considerations across its global investment platform as a commercial imperative and accelerated its “ESG integration” efforts. In support of these efforts, the firm made claims to certain clients and potential clients about Invesco’s firmwide ESG integration of its investment strategies and the percentage of firmwide AUM that was ESG integrated.