Jordan G. Sisco

Apr 25, 2024 | lexology.com | Austin Maloney |Jordan G. Sisco |Ryan Glasgow |Kevin Hahm |Tyler S. Laughinghouse

Background On January 5, 2023, the Federal Trade Commission (“FTC”) published a proposed rule (the “Proposed Rule”) that would have had the effect of banning nearly all employee non-competes throughout the United States and invalidate all such existing agreements subject to a few exceptions.[1] We wrote about the Proposed Rule at the time of publication and are providing an update on the Final Rule that was released by the FTC on April 23, 2024 (the “Final Rule”) after a lengthy review and...

Mar 25, 2024 | lexology.com | Eric R. Markus |Jordan G. Sisco |Marissa Rogers |Scott H. Kimpel

What HappenedOn March 1, 2024, the Securities and Exchange Commission (the SEC) announced that it had instituted and settled an enforcement action against investment adviser HG Vora Capital Management LLC (HG Vora) for its failure to make timely ownership disclosures on Schedule 13D. Without admitting or denying the SEC’s primary findings, HG Vora agreed to pay a $950,000 civil money penalty to settle the matter.

Oct 26, 2023 | lexology.com | Scott H. Kimpel |Eric R. Markus |Hannah Flint |Marissa Rogers |Jordan G. Sisco

What Happened: On October 10, 2023, the Securities and Exchange Commission (SEC) voted 4 to 1 to adopt amendments to the rules relating to Schedule 13D and Schedule 13G (Regulation 13D-G) under the Securities Exchange Act of 1934, as amended (Exchange Act).1 The adoption of these amendments ends a process that began on February 10, 2022, when the SEC proposed sweeping changes to Regulation 13D-G.2 The Bottom Line: The amendments accelerate the filing deadlines for Schedule 13D and Schedule...