Topic
Disclosure
830 published works
Public Chatter
Corp Fin Clarifies That Companies Can Share Cyber Incident Information With Third-Parties Beyond 8-K Disclosure
Following on the heels of his statement last month clarifying that companies should not file Form 8-K under Item 1.05 in connection with a cybersecurity incident that they have determined…
The CLS Blue Sky Blog
SEC Corporate Finance Director Speaks on the State of Disclosure Review
By Erik Gerding
Good afternoon.[1] I appreciate the opportunity to speak with you again today as part of the Corp Fin Workshop. I wanted to make a few remarks about the important work…
The SEC Institute Blog
SEC Enforcement for Deficient Disclosures About Related Person Transactions
On March 7, 2024, the SEC announced settled charges against Skechers U.S.A., Inc. for failure to disclose related person transactions in its proxy statements and Part III of Form 10-K. …
Data Protection Report
SEC statement clarifies material cybersecurity incident disclosure requirement
By Chris Cwalina (US), Will Daugherty (US), Kevin J. Harnisch (US), Ji Won Kim (US)
SEC final rule on reporting material cybersecurity incidents In July 2023, the US Securities and Exchange Commission (SEC) finalized its rule requiring public companies to disclose material cybersecurity incidents under…
Adam Leitman Bailey's Blog
New York Landlord Obligations in Notifying Residential Tenants of Flood Risk, History, and Insurance
Effective June 21, 2023, New York State Real Property Law (Section 231-B) has been amended to require landlords to disclose specific information regarding flood risk and history directly through their…
Global Regulation Tomorrow
House of Lords Financial Services Regulation Committee letter to FCA on investment trusts’ cost-disclosure regime
On 1 May 2024, the House of Lords’ Financial Services Committee (Committee) published a letter (dated 30 April 2024) that it had sent to Nikhil Rathi (Chief Executive, FCA). The…
Eye On Privacy
Utah’s New AI Disclosure Requirements Effective May 1
By Liisa Thomas, Kathryn Smith
The Utah legislature has been busy, with another law effective May 1. This one is “privacy adjacent” but worth keeping in mind. The law, the Artificial Intelligence Policy Act, was…
Last Month at the Supreme Court
Decision Alert: Supreme Court Unanimously Holds That Pure Omissions Are Not Actionable Under SEC Rule 10b-5(b)
By Chantel Febus, James Azadian, Monika Harris, Christopher Sakauye, Puja R. Valera, A. Joseph Duffy IV, Dykema
On April 12, 2024, the Supreme Court unanimously held in Macquarie Infrastructure Corp. v. Moab Partners, L.P. that SEC Regulation S-K, Item 303 could not support a private right of…
Franchise Law Update
Action by Indiana Securities Division Reminds Franchisors to Watch Those Item 7 Estimated Initial Investment Numbers
The Securities Division of the Indiana Secretary of State issued a press release this week announcing that it filed an administrative complaint against Florida based Mac and Cheese Franchise Operations…
Cleary Securities, Disclosure, and Governance Watch
SEC’s Final Climate-Related Disclosure Rules: A Closer Look at the Climate Note to Audited Financial Statements
By Helena K. Grannis, David Lopez, Francesca L. Odell, Nina E. Bell, Jonathan R. Povilonis, Shuangjun Wang
On March 6, 2024, the U.S. Securities and Exchange Commission approved in a 3-2 vote final rules that require most reporting companies to provide certain climate-related information in their registration…