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Dec 10, 2024 | 
natlawreview.com | Scott H. Kimpel
The inauguration of President Donald J. Trump on January 20, 2025, will lead to a change in control of the Securities and Exchange Commission (“SEC”). On November 21, 2024, current SEC Chair Gary Gensler announced that he will resign his position at 12:00 p.m. on January 20, 2025. The next day, Commissioner Jaime Lizárraga (D) also announced his intent to step down, effective January 17, 2025.
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Oct 8, 2024 | 
lexology.com | Eric R. Markus |Scott H. Kimpel |Kate Saltz |James Davidson
What HappenedOn September 25, 2024, the Securities and Exchange Commission (the SEC) announced that it had instituted and settled enforcement actions under Section 13(d), Section 13(g) and Section 16(a) of the Securities Exchange Act of 1934 (as amended, the Exchange Act).
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May 24, 2024 | 
darkreading.com | Scott H. Kimpel
COMMENTARYIn October 2023, the Securities and Exchange Commission (SEC) dramatically altered the landscape for security professionals by initiating a groundbreaking lawsuit against SolarWinds Corp. and its chief information security officer (CISO).
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Apr 22, 2024 | 
natlawreview.com | Scott H. Kimpel
On April 17, 2024, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a bill entitled the Lummis-Gillibrand Payment Stablecoin Act. The bill is the latest bipartisan effort by the two senators to provide a comprehensive federal oversight regime for the regulation of stablecoins.
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Apr 22, 2024 | 
natlawreview.com | Scott H. Kimpel
On April 12, 2024, the Supreme Court issued a highly-anticipated decision in Macquarie Infrastructure Corp. v. Moab Partners, L.P., ruling that a “pure omission” is not actionable in private litigation under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder, even if the omitted information was required to be disclosed pursuant to other SEC rules.
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Apr 22, 2024 | 
lexology.com | Scott H. Kimpel
On April 17, 2024, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a bill entitled the Lummis-Gillibrand Payment Stablecoin Act. The bill is the latest bipartisan effort by the two senators to provide a comprehensive federal oversight regime for the regulation of stablecoins.
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Mar 28, 2024 | 
natlawreview.com | John Gardella |Paul Anderson |Scott H. Kimpel |Rachel S. Saltzman
On March 1, 2024, the Virginia legislature passed S.B. 361 (the “Bill”), which amends the Virginia Consumer Data Protection Act to introduce new protections for children’s privacy. If signed by the Virginia Governor, the new children’s privacy protections will go into effect on January 1, 2025.
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Mar 28, 2024 | 
natlawreview.com | John Gardella |Paul Anderson |Scott H. Kimpel |Rachel S. Saltzman
Skip to main content March 28, 2024 Volume XIV, Number 88 Legal Analysis. Expertly Written. Quickly Found.
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Mar 27, 2024 | 
lexology.com | Scott H. Kimpel |Rachel S. Saltzman |Geoffrey B. Fehling |Shawn Regan |Hannah Flint
The US Securities and Exchange Commission (SEC) has finally adopted long-anticipated rules governing public company disclosure of climate-related risks, strategy, governance, targets and other metrics. As expected and widely reported, several groups have filed petitions for review to challenge the new rules, but the timetable for resolving the litigation is uncertain. The results of the upcoming national elections in November could also lead to future changes to the rules.
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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.
