Marissa Rogers

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...