The court vacated the last of the three conditions that were applied to proxy advisory firms as a result of the SEC's 2020 regulation of Proxy Advisory Firms.
On April 18, 2024, the New York Court of Appeals (New York's highest appellate court) issued a decision in Lelchook v. Société Générale de Banque au Liban SAL, - N.E.3d -, 2024 WL 1661460.
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.