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SEC Announces Enforcement Action for Misleading Non-GAAP Disclosures

USA - March 23 2023 The Securities and Exchange Commission (SEC) recently entered into a consent order with IT services company DXC Technology (DXC) with respect to…

Christopher Auguste, John Bessonette, Jenna Burch-Smith, Abbe L. Dienstag, Alan R. Friedman, Jen Jernstedt, Shari Kahn Krouner, Todd E. Lenson, Jeffrey H. Taub, Daniel F. Zimmerman

SEC Proposes Data Breach Notification and Incident Response Requirements

USA - March 21 2023 On March 15, 2023, the Securities and Exchange Commission (SEC) proposed three rule changes that demonstrate its continued focus on cybersecurity…

Darina F. Delappe, Alan R. Friedman, Yasho Lahiri, Todd E. Lenson, Austin Manes, Kevin P. Scanlan, George M. Silfen, Steven S. Sparling

Cybersecurity in the Boardroom: ‘Caremark’ Liability for Boards’ Failure to Oversee Cybersecurity

USA - March 14 2023 In an era of increasing cyberattacks by varying threat actors, the Board's oversight of cybersecurity risks remains a key responsibility. In two…

Christopher Auguste, John Bessonette, Alan R. Friedman, Randy Kreider, Shari Kahn Krouner, Todd E. Lenson, Austin Manes, Martin M. McSherry, Steven S. Sparling

SEC Adopts T+1 Settlement Cycle

USA - February 23 2023 On Feb. 15, the Securities and Exchange Commission (SEC) adopted final rule amendments to Exchange Act Rule 15c6-1 to shorten the standard settlement…

Christopher Auguste, John Bessonette, Fabien Carruzzo, Abbe L. Dienstag, Richard E. Farley, Jen Jernstedt, Jamie D. Kocis, Shari Kahn Krouner, Todd E. Lenson, Gilbert K.S. Liu, Thomas E. Molner, Terrence L. Shen, Peter G. Smith, Daniel F. Zimmerman

Cybersecurity, Privacy and Data Protection 2022 Year in Review

USA - January 24 2023 The year 2022 saw a groundswell of interest in privacy rights and related legislation. Five states enacted new laws or regulations aimed at…

David M. Alexander, Boaz I. Cohen, Rachel Czwartacky, Alan R. Friedman, Arielle Warshall Katz, Randy Kreider, Austin Manes, Martin M. McSherry, Steven S. Sparling