SEC Enforcement/Securities Litigation and D&O Insurance

more+
less-

Recent SEC Enforcement Developments -

.. Change in SEC policy regarding “no admissions” settlements

- SEC Chair Mary Jo White has joined with colleagues at DOJ to change the perception that U.S. companies are “too big to jail”

- SEC has made it a priority in “egregious” cases to require admissions of liability

..Recent settlements:

- SAC: agreed to plead guilty to insider trading violations and pay a $1.2 billion penalty

- JP Morgan: $200 million penalty in the London Whale case, coupled with JPM admissions of the facts underlying the SEC’s charges, and a public acknowledgement that JPM violated the federal securities laws

Please see full presentation below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DOJ
SEC

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×