Kornblau, at Dentons, noted that when markets are down, it often leads to more investigations, private shareholder actions and SEC enforcement.
Kornblau said until now, enforcement had not gone up in the “blockbuster way” that many were expecting since the beginning of the Biden administration.
He added there was a lot of work to go around now and he would not be surprised if most securities litigation-focused practices would be busy—and increasingly so. He said how firms are preparing for such a spike in demand would depend on their client bases and current bench, but many would likely be looking for fresh SEC enforcement talent to add to their roster.
‘Enforcement 40’ for 2020
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