The Legal Intelligencer | Commentary
By Katayun I. Jaffari and John Crozier | August 1, 2024
On June 24, the Securities and Exchange Commission (SEC) issued new compliance and disclosure interpretations (C&DIs) providing additional guidance on cybersecurity incident reporting pursuant to Item 1.05 of Form 8-K.
The Legal Intelligencer | Analysis|News
By Amanda O'Brien | July 15, 2024
"The Supreme Court in Harrington made it clear that federal courts can no longer 'look the other way' and issue such free passes to mass tortfeasors such as Eckert who refuse to place their assets on the settlement negotiation table," argued attorney George Bochetto.
By Aleeza Furman | July 11, 2024
The settlement includes $12.7 million in attorney fees for the plaintiffs' lead counsel.
The Legal Intelligencer | Commentary
By Jay A. Dubow, Joanna Cline and Connor B. DeFilippis | May 28, 2024
Judge Frank Easterbrook, disenchanted with the current "federal practice" of plaintiffs attorneys extorting fees in disclosure cases without conferring a meaningful benefit on stockholders, penned the opinion for a two-judge panel rejecting such fee agreements and empowering shareholders and federal courts alike to scrutinize these fees going forward.
The Legal Intelligencer | Commentary
By Martha "Frannie" Reilly and Libby Smith | May 13, 2024
When announcing the final rules on March 6, SEC Chair Gary Gensler stated, "These final rules build on past requirements by mandating material climate risk disclosures by public companies and in public offerings. The rules will provide investors with consistent, comparable, and decision-useful information, and issuers with clear reporting requirements."
The Legal Intelligencer | Commentary
By Samuel E. Cohen and Ryan P. Friel | May 10, 2024
Like many recent DOL rules related to retirement investing, the retirement security rule is polarizing and is sure to face significant legal challenges, including from the insurance industry to whom the rule applies a new, heightened duty.
The Legal Intelligencer | Commentary
By Katayun I. Jaffari, Mehrnaz Jalali and Rikisha Collins | April 25, 2024
While the status of the final rules remains uncertain, the SEC's 2010 climate guidance continues to apply. Companies should continue to consider providing more robust disclosure on climate-related risks and their impact on the company's business, results of operations and financial condition in response to demands from investors and to comply with rules and guidance set forth by the SEC, states, other regulatory agencies and other advisory bodies.
The Legal Intelligencer | Commentary
By Jay Dubow, Joanna Cline and Milica Krnjaja | February 26, 2024
We expect the SEC's enforcement efforts in this area to continue at a high pace in 2024, even though whether or not cryptocurrency should be classified as a security or something else remains uncertain.
The Legal Intelligencer | Commentary
By Kirsten Ulzheimer | February 9, 2024
To supplement financial statements, management may provide another view of their company by disclosing alternative financial measures. This alternative information cannot be used to distort reality and must be presented in accordance with specific rules and guidelines.
The Legal Intelligencer | Commentary
By Katayun I. Jaffari and John Crozier | January 26, 2024
Implementation of practices has become especially crucial considering the newly required cybersecurity incident reporting and cybersecurity risk management and governance disclosure for public companies passed by the SEC last year.
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