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Apr 23, 2024 | 
mondaq.com | Andrew Zuckerman |Paul Kisslinger
In MACQUARIE INFRASTRUCTURE CORP. v. MOAB PARTNERS, L.P. the
U.S. Supreme Court held that pure omissions are not actionable
under Rule 10b–5(b).
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Mar 20, 2024 | 
mondaq.com | Jane Luxton |Paul Kisslinger
Washington, D.C. (March 13, 2024) - On March 6,
2024, the U.S. Securities and Exchange Commission (SEC) released
its long-awaited final climate-related disclosure rule for U.S.
public companies.
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Mar 12, 2024 | 
mondaq.com | Paul Kisslinger
Washington, D.C. (March 4, 2024) –
Washington, D.C. Partner and Chair of Lewis Brisbois' SEC
Enforcement & Litigation Practice Paul W. Kisslinger recently
joined "The World and Everything In It" podcast to
discuss a pending U.S. Supreme Court case that is poised to have a
significant impact on the securities fraud litigation
landscape.
Mr. Kisslinger appeared on the podcast's "Legal
Docket" segment to weigh in on Macquarie Infrastructure
Corp. v.
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Jan 5, 2024 | 
mondaq.com | Dale Bergman |Paul Kisslinger |Andrew Zuckerman
Fort Lauderdale, Fla. (December 27, 2023) - On
December 19, 2023 the U.S. Court of Appeals for the Fifth Circuit
vacated the SEC's Share Repurchase
Disclosure Modernization Rule (the "Repurchase Rule" or
"Rule").
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Oct 27, 2023 | 
mondaq.com | Andrew Zuckerman |Paul Kisslinger
Washington, D.C. (October 25, 2023) - On
October 16, 2023, the U.S. Securities and Exchange Commission's
("SEC") Division of Examinations ("Division")
released its 2024 examination priorities.
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Oct 25, 2023 | 
law360.com | Paul Kisslinger
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Oct 6, 2023 | 
mondaq.com | Jane Luxton |Paul Kisslinger
Washington, D.C. (October 4, 2023) - Public
companies and private securities practitioners take note: The
Supreme Court has agreed to rule on a circuit split regarding
whether the failure to disclose information required in a
company's Management Discussion and Analysis (MD&A)
disclosure in its public filings (including its annual and
quarterly filings, Forms 10K and 10Q) can be actionable in a
private securities fraud action brought under Section 10(b) of the
Securities Exchange Act of 1934.
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Aug 10, 2023 | 
mondaq.com | Paul Kisslinger |Sean Shecter
Washington, D.C. (August 8, 2023) - On July 26,
2023, the U.S. Securities and Exchange Commission (SEC) announced
new proposed rules for regulating brokerages and money managers
using artificial intelligence (AI) to serve their clients. The
SEC's plan aims to address concerns about potential conflicts
of interest that arise when financial services firms use the
burgeoning technology. Companies and individuals in the financial
industry should take note.
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Jul 6, 2023 | 
mondaq.com | Paul Kisslinger
Washington, D.C. (June 30, 2023) – On
June 6, 2023, the Public Company Accounting Oversight Board (PCAOB)
announced the proposed implementation of sweeping new rules for the
purpose of strengthening the detection and prevention of fraud in
financial reporting. As PCAOB Chair Erica Y.
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Jun 9, 2023 | 
mondaq.com | Paul Kisslinger |Sean Shecter
Washington, D.C. (June 6, 2023) - The U.S.
Securities and Exchange Commission announced on Friday, June 2, 2023 that an
earlier-announced breach (described as a "control
deficiency") between the agency's enforcement and
adjudicatory functions was even more expansive and serious than
previously announced. As a result of the internal breach, the
agency has dismissed 42 pending enforcement cases, and has agreed
to lift industry bans on 48 people whose cases were also involved
in the breach.
