SEC Enforcement/Securities Litigation and D&O Insurance


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.

Topics:  Compliance, D&O Insurance, DOJ, Enforcement, Mary Jo White, SEC, Securities Litigation, Too Big to Fail

Published In: Business Torts Updates, General Business Updates, Insurance Updates, Mergers & Acquisitions Updates, Securities Updates

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 »