Jul 27, 2023
On July 26, 2023, a divided SEC adopted final rules for cybersecurity disclosures. The final rules are based on proposed rules the agency first introduced in March 2022. The rules require companies to disclose material cybersecurity incidents they experience, and to disclose on an annual basis material information regarding their cybersecurity risk management and governance. The rules will have a significant impact on reporting companies’ disclosure practices and could present a challenge for some companies.
Jun 21, 2023
Over the last few days, at least three U.S.-listed China-based companies have been hit with securities class action lawsuits after Chinese government regulatory crackdowns that targeted the defendant companies’ industries or the companies’ business approach. These developments not only highlight the kinds of regulatory risks all companies face, but also underscore the risks that companies doing business in China face in the political and business environment under the Chinese governmental regime. The recently filed cases also show how these risks can translate into securities class action litigation when the companies involved have securities listed on U.S. exchanges.
May 23, 2021
The authors of this article consider the likelihood for even further litigation relating to SPAC transactions and review the steps that well-advised companies involved in SPAC transactions can take to try to reduce their litigation.
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