On June 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s 2022 rescission of certain rule amendments regarding proxy advisory firms, holding that the SEC’s explanation for rescinding the amendments was “arbitrary and capricious and
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Fifth Circuit Court of Appeals Vacates SEC’s 2022 Rescission of Certain 2020 Amendments to Proxy Rules
On June 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s 2022 rescission of certain rule amendments regarding proxy advisory firms, holding that the SEC’s explanation for rescinding the amendments was “arbitrary and capricious and
Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny
Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials
Federal and state governmental regulation of health care transactions continues to increase rapidly. At the federal level, there is increased
Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny
Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials
Federal and state governmental regulation of health care transactions continues to increase rapidly. At the federal level, there is increased
Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny
Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials
Federal and state government regulation of health care transactions continues to increase rapidly. At the federal level, there is increased
Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny
Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials
Federal and state government regulation of health care transactions continues to increase rapidly. At the federal level, there is increased
SEC v. Jarkesy: A Divided Supreme Court Holds That the SEC Cannot Seek Civil Penalties through an Administrative Proceeding
On June 27, 2024, the United States Supreme Court (the “Court”) affirmed the Fifth Circuit’s ruling in SEC v. Jarkesy and held that a defendant facing civil penalties in a securities fraud claim brought by the Securities and Exchange Commission
SEC Settles Charges Against Exchange for Alleged Failure to Inform SEC of Cyber Intrusion
On May 22, 2024, the SEC announced the settlement of administrative proceedings against a U.S. securities exchange and certain of its subsidiaries for their alleged failure to timely inform the SEC of a systems intrusion in violation of Rules 1002(b)(1)
SEC Settles Charges Against Dually-Registered Broker-Dealer and Adviser for Alleged Failure to Address Conflicts of Interest
On May 21, 2024, the SEC announced the settlement of administrative proceedings brought against a dually-registered broker-dealer and investment adviser for its alleged failure to address conflicts of interest in compliance with Rule 15l-1(a) of the Securities Exchange Act of
Highlights from 2024 ALI-CLE Accountants’ Liability Conference
The annual ALI-CLE Accountants’ Liability Conference occurred in Washington, D.C. on May 16 and 17, 2024 and was co-hosted by Junaid A. Zubairi, Chair of Vedder Price’s Government Investigations and White Collar Defense group, and Veronica Callahan of Arnold &