JD Supra Securities

Sustainability Spotlight: Q4 2025 Legal Update on SEC Proxy Advisors

JD Supra's Q4 2025 Sustainability Spotlight highlights the SEC's actions to regulate proxy advisors and state AGs challenging 'greenwashing' by Big Tech. The update also notes litigation concerning electric vehicle rentals.

2025 NBIOs: Success Rates and Engagement Trends Analysis

JD Supra Securities released an analysis of Non-Binding Indicative Offers (NBIOs) and pre-bid stakes in public M&A for calendar year 2025. The analysis shows a 30% success rate for NBIOs, consistent with prior years, but a significant drop in private equity success rates to 14%. Engagement periods have also extended.

California Suspends Enforcement of Venture Capital Diversity Reporting Law

The California Department of Financial Protection and Innovation (DFPI) announced on March 17, 2026, that it is suspending enforcement of the Fair Investment Practices by Venture Capital Companies Law (FIPVCC). This suspension is effective until further notice, pending the completion of a rulemaking process and adoption of final regulations, delaying the April 1, 2026, reporting deadline.