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Tag: COVID-19

Debt covenant obstacle course

The State of COVID-19 Disclosure, Part I: Debt Covenants

Debt covenant obstacle course

It’s coming from celebrities. It’s coming from aunt Sally’s Facebook feed. It’s even coming from heads of state. Misinformation is one of the biggest obstacles in the fight against COVID-19, and it seems to be coming from everywhere. But if...

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Little girl with pigtails in white lying on the floor

Five Procedural Defenses Against Virtual Annual Shareholder Meeting Glitches

Little girl with pigtails in white lying on the floor

When virtual work meetings go wrong, the damage is usually limited. The parent of a rambunctious toddler might suffer some embarrassment, but that’s about it. But for the unprecedented number of public companies that adopted a virtual forma...

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Caution: Slow Road Ahead

EGCs Say Not So FASB on New Lease Standard

Caution: Slow Road Ahead

You’ve been worried about facemasks. You’ve been worried about antibody tests. You’ve been worried about whether your seventh grader’s brain is atrophying, and also why her school district is sending so very many emails. The last thing you...

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Slowly melting row icicles in a row

Issuers Get (Halfway) Back Into Spending, Guidance Game

Slowly melting row icicles in a row

As citizens emerge from shelter-in-place orders and the frozen economy thaws, issuers too have begun a return to normalcy (whatever that is). Some public companies have loosened the spending controls they implemented at the start of the pan...

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Rows of empty, numbered baseball stadium seats

M&A Lawsuit Holds Answer to Billion-Dollar MAE Question

Rows of empty, numbered baseball stadium seats

The pandemic has given rise to any number of troubling questions: How did it start? Are we “reopening” too soon? Will there be a Major League Baseball season? One such question, with billions of dollars on the line, is this: what happens to...

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