Joan Heminway, the W.P. Toms Distinguished Professor of Law at the University of Tennessee College of Law, recently spoke to the Pittsburgh Tribune-Review for their story on Mylan N.V., a global generic and specialty pharmaceuticals company. The company has come under fire for “Its decision not to tell investors that board member Rodney Piatt was involved in land deals for the company’s Cecil headquarters because he was not a direct participant and received no money in the transactions.”
In the article, Heminway says, “Any deals involving the family of a board member or executive are widely recognized as grounds for disclosure under securities law.”
Read the full story and more discussion by Heminway at TribLive.