E. Ramey Layne

Jan 26, 2024 | jdsupra.com | K. Stancell Haigwood |E. Ramey Layne |Brenda Lenahan

On January 24, 2024, the U.S. Securities and Exchange Commission (“SEC”) approved final rules relating to special purpose acquisition companies (“SPACs”). The final rules follow the SEC’s issuance of proposed rules on March 30, 2022, and the receipt of 115 comments on such proposed rules. The SEC release adopting the final rules (the “Final Release”) is available here. Statements were released by SEC Chair Gensler, and Commissioners Peirce, Crenshaw, Uyeda and Lizárraga.

Mar 29, 2023 | jdsupra.com | Winnie Genevieve Johnson |E. Ramey Layne |Hayley Cook

On March 14, 2023, the Securities and Exchange Commission (“SEC”) issued a cease-and-desist order (the “Order”)1 and charged DXC Technology Company (“DXC”), an IT company based in Virginia, with violations of Rule 100(b) of Regulation G and various other securities laws based on material misstatements in DXC’s non-GAAP financial measures reported in its earnings releases and annual and quarterly reports.