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Jan 16, 2025 | 
jdsupra.com | Brian V. Breheny |Raquel Fox |Sydney Smith
Key Points The SEC is set to undergo sweeping changes under the second Trump administration, with a Republican-controlled Commission setting a new agenda. The agency is expected to focus on easing regulatory burdens and creating a crypto-friendly regulatory framework, as well as on capital formation and an enforcement program that focuses on investor harms.
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Jan 7, 2025 | 
corpgov.law.harvard.edu | Brian V. Breheny |Raquel Fox |Page Griffin
Board of Directors, Corporate governance, ESG, SECMore from: Brian Breheny, Page Griffin, Raquel Fox, SkaddenBrian V. Breheny, Raquel Fox, and Page Griffin are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Breheny, Ms. Fox, Mr. Griffin, Marc S. Gerber, Joseph M. Yaffe and Khadija L. Messina.
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Nov 14, 2024 | 
jdsupra.com | Filipe Areno |Andrew Brady |Brian V. Breheny
On October 7, 2024, the Securities and Exchange Commission (SEC) approved a rule change proposed by The Nasdaq Stock Market LLC that impacts companies utilizing reverse stock splits to regain compliance with Nasdaq’s minimum bid-price requirement for continued listings.
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Nov 11, 2024 | 
jdsupra.com | Anita Bandy |Brian V. Breheny |Raquel Fox
On October 22, 2024, the Securities and Exchange Commission (SEC) announced enforcement actions against several technology companies for making materially misleading disclosures regarding cybersecurity risks and intrusions. One company was also charged with disclosure controls violations.
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Oct 31, 2024 | 
jdsupra.com | Filipe Areno |Andrew Brady |Brian V. Breheny
Our guide to 2025 SEC filing deadlines and financial statement staleness dates is now available. Public companies should factor in these key reporting deadlines, disclosure obligations and SEC holidays as they plan for the coming year.
Please see full publication below for more information.
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Sep 9, 2024 | 
jdsupra.com | Andrew Brady |Brian V. Breheny |Leo Chomiak
As we noted in prior client alerts (available here and here), in 2023 the Securities and Exchange Commission (SEC) adopted amendments to its beneficial ownership rules. The amended rules include accelerated filing deadlines for Schedule 13G that are effective as of September 30, 2024.
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Sep 6, 2024 | 
jdsupra.com | Anita Bandy |John Barkmeyer |Brian V. Breheny
The U.S. government’s recent complaint in a relator-filed case under the False Claims Act (FCA): Marks the first FCA suit in which the Department of Justice (DOJ) has intervened since launching its ongoing Civil Cyber-Fraud Initiative. Indicates that the U.S. government intends to litigate cybersecurity fraud claims. Demonstrates that contractors must carefully comply with all regulatory standards incorporated in their contracts in the presence of confidential government information.
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Aug 28, 2024 | 
jdsupra.com | Andrew Brady |Brian V. Breheny |Leo Chomiak
Securities and Exchange Commission (SEC) reporting companies with fiscal years ending December 31 that engage in the commercial development of oil, natural gas or minerals are required to file a Form SD with the SEC by September 26, 2024. Form SD is required to report any payments made in fiscal year 2023 to foreign governments1 or to the U.S. federal government2 for the commercial development of oil, natural gas or minerals.
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Aug 8, 2024 | 
jdsupra.com | Brian V. Breheny |Raquel Fox |William Ridgway
The U.S. District Court for the Southern District of New York has dismissed many of the Securities and Exchange Commission’s (SEC’s) claims against software development company SolarWinds and its chief information security officer (CISO). In its detailed July 18, 2024 opinion, the court allowed only a limited category of the SEC’s claims to proceed.
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May 3, 2024 | 
jdsupra.com | Ryan Adams |Andrew Brady |Brian V. Breheny
Conflict minerals disclosures on Forms SD are required to be filed with the Securities and Exchange Commission (SEC) no later than May 31, 2024. The conflict minerals disclosure rules and related guidance have remained at a practical standstill for the past few years following legal challenges to the rules and a remand to the SEC for further action.
