Securities Alert – New Disclosure in Upcoming SEC Filings
The SEC has adopted a number of substantive new rules that will require new disclosures as soon as December 18, 2023 for material cybersecurity incidents on Form 8-K.
Securities Alert – The SEC Adopts Amendments to Beneficial Ownership Reporting
On October 10, 2023, the SEC adopted final rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. These sections, along with Regulations 13D and 13G, require an investor who beneficially owns more than 5% of a covered class of equity securities to publicly file either a Schedule 13D (investors with control intent) or a Schedule 13G (investors without a control intent).
White-Collar Defense Alert – Recent Amendment to the U.S. Sentencing Guidelines Allows for More Lenient Sentencing of Nonviolent First-Time Offenders GalleryWhite-Collar Defense Alert – Recent Amendment to the U.S. Sentencing Guidelines Allows for More Lenient Sentencing of Nonviolent First-Time Offenders
White-Collar Defense Alert – Recent Amendment to the U.S. Sentencing Guidelines Allows for More Lenient Sentencing of Nonviolent First-Time Offenders
Earlier this year, the U.S. Sentencing Commission voted to approve several amendments to the U.S. Sentencing Guidelines, including promulgating a new guideline at §4C1.1, entitled Adjustments for Certain Zero-Point Offenders, thus paving the way for more lenient sentences for certain nonviolent, first-time offenders.
Employment Alert – Employers Should Prepare: The Labor Department Plans Major Salary Threshold Increase for Exempt Status
On August 30, 2023, the US Department of Labor published a new proposed rule to raise the annual salary level threshold for exempt workers to $55,068 per year. This new rule could become law in 2024.
Securities Alert – SEC Approves Public Company Cybersecurity Disclosure Requirements
The rule, proposed in March 2022, includes requirements about current disclosure of material cybersecurity incidents, and periodic disclosures about a registrant’s processes to assess, identify, and manage material cybersecurity risks.
Litigation Alert – The Newly Created Texas Business Court: What You Need to Know
Texas recently passed legislation creating a Business Court system to hear certain disputes between or among businesses and their owners or controlling persons and management regarding breach of contract, breach of fiduciary duty, corporate governance, and the like.
Securities Alert – The SEC Adopts New Buyback Disclosure Rules
Given the expected increase in scrutiny of issuer buybacks, we recommend that companies consider taking some or all of the actions noted in this Alert before the fourth quarter of this year.
Energy Alert – Watershed Moment: U.S. Supreme Court Narrows Federal Power Under Clean Water Act
This Alert addresses what this means for energy infrastructure in and around “wetlands.”