‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Has Two ‘Suspected’ Coronavirus Cases, Agency Official Says (1)
Two workers at the SEC’s Washington headquarters may have the new coronavirus, an agency official said in a court filing. The Securities and Exchange Commission’s Enforcement Division has implemented an emergency policy of “either requiring or strongly encouraging telework for its personnel, depending on their individual circumstances and each employee’s physical proximity to the workstations […]
Cruise Line Shareholder Files First Coronavirus-Related Securities Suit | The D&O Diary
After I published a post last week suggesting that there could be D&O claims arising out of the COVID-19 coronavirus outbreak, several people suggested to me that I was being alarmist and expressed deep skepticism about the possibility of coronavirus-related claims. After all, they said, there were no D&O claims filed in connection with the […]
Wall Street’s Court Halts New Jury Trials Over Virus – Bloomberg
The court that oversees Wall Street is suspending new jury trials at least through next week, joining a global slowdown of court systems based on public hearings in the face of an outbreak that dictates the opposite. The federal court in Manhattan, one of the busiest dockets in the U.S. and the nation’s main forum […]
Why In-House Counsel Need to Watch for Insider Trading, Public Disclosure Issues From COVID-19 | Corporate Counsel
The COVID-19 coronavirus pandemic means in-house counsel need to keep an eye on potential insider trading by employees at all levels who may gain access to material, nonpublic information about supply chain or other disruptions that could affect a company’s bottom line, or its financial outlook. Inside counsel also need to consider whether and how to handle […]
U.S. SEC staff stay home after employee treated for coronavirus symptoms – Reuters
Staff at the U.S. securities regulator were working from home on Tuesday after an employee at its Washington, D.C., headquarters was treated for coronavirus symptoms, the Securities and Exchange Commission said. The markets regulator also canceled Wednesday’s scheduled public meeting of the agency’s commissioners, after saying earlier on Tuesday that it would go ahead with […]
SEC Enforcement Unit On Lookout For Coronavirus Scams Says Division Co-Head Peikin
The Securities and Exchange Commission Enforcement Division is on the lookout for COVID-19 coronavirus scams, Division Co-Director Steve Peikin said today. His statement came in response to a question from a reporter if Enforcement was on guard against fraudsters trying to make money on the crisis as scammers have tried in the wake of other […]
SEC Provides Conditional Regulatory Relief and Assistance for Companies Affected by the Coronavirus Disease 2019 (COVID-19)
Today, the Securities and Exchange Commission announced that it is providing conditional regulatory relief for certain publicly traded company filing obligations under the federal securities laws. The impacts of the coronavirus may present challenges for certain companies that are required to provide information to trading markets, shareholders, and the SEC. These companies may include U.S. companies located […]
The Risk of Coronavirus-Related D&O Claims? | The D&O Diary
Over the last few days, as updates about the spread of the coronavirus have dominated the news cycle and roiled financial markets, I have had a number of conversations about whether the emerging coronavirus outbreak could result in D&O claims. There is no doubt that if a building fire, a plane crash, or an oil […]