Following discussions with Davis Polk and other leading capital markets law firms, the SEC posted updated guidance that provides a path forward for companies seeking to IPO during the shutdown.

The CFTC issued an advisory on when it would refer cases to DOJ for criminal investigation and prosecution. The guidance is relatively brief and straightforward...

In this issue, we discuss FinCEN's postponement of the effective date for a final anti-money laundering rule that was issued in August 2024 for investment advisers...

The Treasury Department and IRS released final regulations regarding the clean hydrogen production tax credit, providing additional flexibility and investment certainty.

Reversing an order issued earlier this week, the Fifth Circuit reinstated the nationwide injunction on enforcement of the Corporate Transparency Act, placing reporting requirements back on pause.

Each year, thousands of public companies in the U.S. hold shareholders' meetings and put multiple proposals to a vote.

A split en banc Fifth Circuit (9 in the majority and 8 in the dissent) has issued a majority opinion vacating the SEC's order approving Nasdaq's...

Citing a need to better protect and inform mutual fund investors, the Securities and Exchange Commission ("SEC") proposed on July 21, 2010 to replace Rule 12b-1 under the Investment Company Act with new rules governing asset-based distribution fees and related disclosure in fund prospectuses, annual and semi-annual reports to shareholders and investor confirmation statements.

On January 10, 2025, the U.S. Chamber of Commerce and other parties filed a complaint in the Eastern District of Texas against the Federal Trade Commission and FTC chair Lina Khan...

The Takeover Panel has published a new Practice Statement on unlisted share alternatives, commonly referred to as "stub equity" offers. This update summarises the key points from the statement for bidders and their advisers.

In this issue, we discuss, among other things, the further extension of the compliance date for Form PF amendments, and a recent enforcement action involving alleged violations...

In this issue, we discuss a recent no-action letter relating to the use of state trust companies as permitted custodians for crypto assets under relevant Advisers Act and Investment Company Act custody rules.

Since our client update on September 15, we have heard from many companies and advisors with questions about ExxonMobil's innovative Retail Voting Program, which has clearly generated enormous interest

On November 5, 2024, a federal court denied a summary judgment motion to invalidate California's two climate-related disclosure laws on First Amendment grounds leaving them in place as the lawsuit pro...

DOJ issued a policy statement summarizing the Biden administration's corporate enforcement efforts and previously announced updates to its Corporate Enforcement Policy (CEP)...

On November 19, 2024, a Ninth Circuit panel affirmed the dismissal of a securities fraud action alleging that Cloudera and its officers made false and misleading statements regarding the technical

Against the backdrop of increased global focus on climate-related disclosures, there have been several recent developments in the UK's sustainability reporting landscape.

The Department of Justice's Antitrust Division, together with the U.S. Postal Service, has announced a whistleblower rewards program, its first ever for criminal antitrust cases.

SEC Chairman Paul Atkins' speech last week in Delaware sounded to many like a death knell for shareholder proposals under Rule 14a-8. In fact...

Changes in leadership at the federal banking agencies are likely to result in significant changes to the regulatory policies regulating crypto.