On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps' former auditor.
When serving on a nonprofit board, directors are required by state law to discharge certain fiduciary duties, including the duties of care and loyalty.
On February 2, 2024, the U.S. Food and Drug Administration ("FDA") published a final rule1 to amend the current good manufacturing practice requirements.