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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSPACs Remain in the SEC’s Crosshairs
SPACs remain in the SEC’s crosshairs with this comprehensive rule proposal that expands the scope of underwriter liability, amends the scope of a safe harbor for financial projections and adopts a new safe harbor under the Investment Company Act of 1940. If adopted, the proposal would represent the most expansive regulatory consequences to SPAC business […]
The Continuing Problem of Frequent Filers in Securities Litigation | The D&O Diary
When Congress enacted the Private Securities Litigation Reform Act (PSLRA) in 1995, it aimed to address perceived abuses in securities class action litigation. Among the ills Congress sought to address was the prevalence in securities litigation at the time of “professional plaintiffs” — that is, repeat players who lent their names to lawyer-driven lawsuits without […]