In a first-of-its-kind case, the SEC focused on a company’s accounting controls around Rule 10b5-1 buybacks and imposed a $20 million fine. The novel theory in the case highlights the n...
A divided Securities and Exchange Commission voted to amend its whistleblower rules to: (1) increase the amounts of smaller awards; (2) assert SEC discretion in determining award amounts;...
The SBA has issued a long-awaited Procedural Notice providing guidance on the procedures for changes of ownership of an entity that has received Paycheck Protection Program funds.This mem...
A speech by the Director of Enforcement and several recent insider trading cases signal that the SEC will seek increased penalties in some cases in response to the Supreme Court’s disgo...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Davis Polk’s webcast features a review of the key developments in anti-corruption and FCPA enforcement and related areas through mid-2020. Topics include:
2020 corporate FCPA enfor...
On Friday, July 3, 2020, the Department of Justice’s Criminal Division and the Securities and Exchange Commission’s Enforcement Division published the Second Edition of its Resource G...
On Monday, June 22, 2020, the Supreme Court decided Liu v. Securities and Exchange Commission, the latest decision in a long-running challenge to the SEC’s authority to obtain disgorgem...
As the COVID-19 crisis places extraordinary pressure on the supply chain for various essential goods, federal and state authorities have turned their focus to suspected instances of price...
On May 7, 2020, the Supreme Court in Kelly v. United States reversed the convictions of two former New Jersey officials charged with fraud after closing lanes of the George Washington Bri...
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”)—a sweeping economic relief package that will deliver an u...
