Corporate and securities research
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Corporate and Securities Research. William A. Schwesig [email protected] Margaret A. Schilt [email protected] What if you don’t have anything in mind and need a topic?. Try the News databases in LexisNexis and Westlaw

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Corporate and Securities Research

William A. Schwesig [email protected]

Margaret A. Schilt [email protected]

D'Angelo Law Library


What if you don’t have anything in mind and need a topic?

  • Try the News databases in LexisNexis and Westlaw

  • Try the BNA topical newsletters: see the Law Library webpage under Law Databases

  • Read the D’Angelo Law Library Corporate and Securities Research page, on the Law Library website under Research Guides

D'Angelo Law Library


Example: Finding a topic

  • BNA databases

D'Angelo Law Library


Starting Points

  • As with all legal research, where you start depends on what information you have and what you are trying to find out. Possibilities:

    A person

    A company

    A transaction

    An industry

    Issuance of a security

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Starting with a Company

History

Stock ownership

Recent stock

issuances

Corporate

Structure

Litigation

Products and services

Recent mergers or acquisitions

Stock performance

Earnings

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Find out more abouti2 Technologies, Inc.

  • LexisNexis News and Business >Company & Financial > Company Profiles & Directories > U.S. Company Reports

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Starting with a Person

Experience

Expertise

Education

Positions-

current and past

Directorships?

Officer positions?

Associations?

Compensation

Investments

Stock holdings

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Find out more about Sanjiv Sidhu

  • LexisNexis News and Business > Company & Financial > Company Directors & Executives

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Find out more about John P. McPadden, Sr.

  • Sometimes Google is helpful.

  • If not, try Martindale Hubbell (possible that nominal plaintiff is a lawyer…)

  • Try searching the business press using Ebsco Business Source Complete and Factiva.

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Starting with a Transaction

Merger?

Acquisition?

Sale of assets?

Loan?

Issuance of stock?

Who?

When?

Where?

Why?

How?

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I2 Technologies approved a management buyout of its wholly-owned subsidiary, Trade Services Corporation (TSC)

  • LexisNexis News and Business > Company & Financial > Mergers & Acquisitions > Mergerstat M&A Database

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Financial Filings:LexisNexis and Westlaw

  • LexisNexis > News & Business > Company & Financial > Financial Filings > U.S. Financial Filings

    • Note the database structure: can search individual filings across companies

  • Westlaw > All Databases > Business & News > Company & Industry Reports, Analysis > Edgar-SEC Filings

    • Template permits searching by company name and form number (try i2 Technologies and 8-K and then search in results for TSC)

D'Angelo Law Library


Finding industry information

  • Use SIC/NAICS codes to find companies with similar businesses

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Finding information about the issuance of a particular security: using CUSIP numbers

Type of security – debt or equity

Purchasers

Who was hurt

Who benefited

Players: management, Board, accountants, lawyers

Condition of company

before and after

Terms

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Resources to Use

  • LexisNexis business resources

  • SEC filings (See Terms Sheet for definitions and Bill Schwesig’s demo for examples)

  • Company websites (esp. for transaction docs)

  • Corporate governance websites; current awareness databases

  • Print treatises

  • Commercial business research resources, e.g. Thomson Research, Factiva(see Bill Schwesig’s demo below)

D'Angelo Law Library


Human Resources At the Reference Desk:

  • Sheri Lewis

  • Bill Schwesig

  • Lyonette Louis-Jacques

  • Margaret Schilt

  • Todd Ito

D'Angelo Law Library


Corporation and Securities Research

Bill Schwesig

Spring 2009

D'Angelo Law Library


Research Guides

  • Corporate and Securities Researchon DLL web page, under Research Guides www.lib.uchicago.edu/e/law/corpsec.html

  • Business and Economics

    www.lib.uchicago.edu/e/busecon/

D'Angelo Law Library


Business News

  • EBSCO Business Source Complete– full text with images, charts, PDF

  • ABI Inform – business journals and trades

  • LexisNexis

  • Westlaw

  • Factiva – full text searching, news pages

  • Wall Street Journal on ProQuest

  • Bloomberg terminal

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Corporate Governance Plans

  • Investor Relations section ofCompany web site

  • Specific issues, in EDGAR filings

  • Bylaws (Form S-1, Exhibit 3)

  • Proxy materials (Schedule 14A)

  • Management discussion (Form 10-K)

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10-K Annual Report

10-Q Quarterly Report

8-K Current Report(Bad News)

Proxy materials

Bylaws and articles

Registration Statements

Insider Trading

Sale of Restricted Shares

Williams Act (Tender Offers)

Material Contracts

EDGAR Filings

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Annual Reports (10-K)

  • Description of the Company’s Business

  • Management Discussion

  • Financials – Income, Revenues, Debt, Cash Flow

  • Outstanding Shares, Institutional Ownership

  • Officers and Directors, Compensation

  • Material Contracts, Stock Option Plans

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Executive Compensation

  • Salaries: Form 10-K

  • Executive employment contracts:Exhibit 10, Material Contracts

  • Total cash value of nonsalary compensation: Proxy materials (Schedule 14A)

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Sources of EDGAR Filings

  • Securities and Exchange Commission

  • Mergent Online

  • Thomson One Banker

  • LexisNexis

  • Westlaw

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SEC

  • Free at www.sec.gov

  • 1993 to present

  • Look up companies by name, ticker, SIC code or by Central Index Key (CIK)

  • Documents and exhibits are separate hyperlinked documents

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LexisNexis

  • Search all filings and exhibits, or select the forms you are interested in

  • Filings and exhibits are separate documents

  • Edgar Online searches all filings and exhibits

  • Disclosure – financial reports compiled from data in EDGAR filings

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Westlaw

  • EDGAR – good for full-text searching

    Many Westlaw business databases not available on our Law School subscription plan are available on Westlaw Business, LexisNexis, or Thomson One Banker

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Peer Group Analysis

  • Mergent Online (link to guide)

  • Thomson One Banker

  • Factiva

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Peer Comparison Reports: Thomson One Banker

  • Select “Comparables”

  • Options include:

  • Overviews

  • Performance

  • Financials

  • Earnings

    No custom reports

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Comparison Reports: Factiva

  • Companies/Markets tab

  • Select: Company

  • Search by name or ticker in Get Company Snapshot

  • Select Reports (lower left)

  • Select Ratio Comparison Report

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