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Aug 12, 2024 | 
lexology.com | Meredith B. Cross |Stephanie Avakian |Benjamin Powell |Joseph K. Brenner |C. Alex Bahn |Lillian Brown | +6 more
On July 18, 2024, the U.S. District Court for the Southern District of New York dismissed most of the claims brought by the Securities and Exchange Commission (the “Commission”) against SolarWinds Corp. (“SolarWinds”) and its Chief Information Security Officer (“CISO”) in SEC v. SolarWinds Corp. et al.
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Aug 9, 2024 | 
wilmerhale.com | Meredith B. Cross |Stephanie Avakian |Benjamin Powell |Joseph K. Brenner |C. Alex Bahn |Lillian Brown | +6 more
On July 18, 2024, the U.S. District Court for the Southern District of New York dismissed most of the claims brought by the Securities and Exchange Commission (the “Commission”) against SolarWinds Corp. and its Chief Information Security Officer in SEC v. SolarWinds Corp. et al. in connection with the SUNBURST attack.
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May 22, 2024 | 
wilmerhale.com | C. Alex Bahn |Lillian Brown |Meredith B. Cross |Jenna El-Fakih |Gregory Wiessner |Jonathan Wolfman
On May 21, 2024, Erik Gerding, Director of the SEC’s Division of Corporation Finance, issued a statement regarding the disclosure of cybersecurity incidents on Form 8-K. In his statement, Director Gerding encourages companies that voluntarily choose to disclose a cybersecurity incident that has not been determined to be material, or for which no materiality determination has yet been made, to make that disclosure using a Form 8-K item other than Item 1.05 (Material Cybersecurity Incidents).
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Apr 25, 2024 | 
jdsupra.com | C. Alex Bahn |Lillian Brown |Jenna El-Fakih
On April 15, 2024, Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, spoke at a compliance and enforcement conference regarding the challenges and potential missteps associated with the increased use of artificial intelligence (AI).
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Apr 15, 2024 | 
mondaq.com | Lillian Brown |Meredith B. Cross |Liz Graffeo |Jenna El-Fakih
On April 4, 2024, the SEC issued a stay of its final
climate-related disclosure rules. The SEC adopted the long-awaited
final rules in March after receiving more than 24,000 comment
letters. WilmerHale's summary and analysis of the final rules
can be found on the
Keeping Current: Disclosure and Governance Developments
blog.
While the final rules were scaled back in many respects from the
proposed rules, several entities and states filed a flurry of
petitions in multiple circuit courts of appeal.
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Apr 8, 2024 | 
jdsupra.com | Lillian Brown |Meredith B. Cross |Jenna El-Fakih
On April 4, 2024, the SEC issued a stay of its final climate-related disclosure rules. The SEC adopted the long-awaited final rules in March after receiving more than 24,000 comment letters. WilmerHale’s summary and analysis of the final rules can be found on the Keeping Current: Disclosure and Governance Developments blog. While the final rules were scaled back in many respects from the proposed rules, several entities and states filed a flurry of petitions in multiple circuit courts of appeal.
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Mar 21, 2024 | 
wilmerhale.com | Molly Fox |Stephen M. Babendreier |Christopher Barnstable-Brown |Jenna El-Fakih |Stephanie Leopold |Connor McRory | +5 more
The 2024 IPO Report offers a detailed IPO market review and outlook, plus useful market metrics and need-to-know information for pre-IPO companies on the following topics: A review of EGC election practices and how they continue to evolve; How the duty of oversight applies to directors and officers, too; Reverse mergers as an alternative to an IPO; How recent SEC enforcement actions highlight the importance of D&O questionnaires; The pros and cons of an Employee Stock Purchase Plan (ESPP);...
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Mar 14, 2024 | 
mondaq.com | Lillian Brown |Meredith B. Cross |Liz Graffeo |Jenna El-Fakih
On March 6, 2024, in a 3-2 vote along party lines, the SEC adopted the long-awaited final rules on
climate-related disclosures. The proposed rules faced intense public scrutiny
over the last two years, with the SEC receiving more than 24,000
comment letters.
The final rules are scaled back in many respects from the March
2022 proposed rules.
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Mar 12, 2024 | 
jdsupra.com | Lillian Brown |Meredith B. Cross |Jenna El-Fakih
On March 6, 2024, in a 3-2 vote along party lines, the SEC adopted the long-awaited final rules on climate-related disclosures. The proposed rules faced intense public scrutiny over the last two years, with the SEC receiving more than 24,000 comment letters. The final rules are scaled back in many respects from the March 2022 proposed rules.
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Oct 20, 2023 | 
jdsupra.com | C. Alex Bahn |Lillian Brown |Jenna El-Fakih
On October 10, 2023, the SEC adopted long-awaited amendments to its beneficial ownership reporting rules under Regulation 13D-G. Most significantly, the amendments accelerate the filing deadlines for initial and amended beneficial ownership reports on Schedules 13D and 13G, while extending the applicable cut-off time for filing via EDGAR.
