Wells Notice

Court Rules Dodd-Frank’s Wells Notice Deadline Is Internal

by Ethan Mark | Leonard, Street and Deinard - Dodd-Frank and... on 4/24/2013

Section 929U of the Dodd-Frank Act provides: Not later than 180 days after the date on which Commission staff provide a written Wells notification to any person, the Commission staff shall either file an action against...more

It's Time For The SEC To Join The Digital Age: Why The SEC's Attempted Crackdown On The Use Of Social Media Is Misguided

by Benjamin Fischer | Morvillo Abramowitz Grand Iason & Anello P.C.... on 1/16/2013

Early last month, Netflix disclosed the fact that it and its Chief Executive Officer, Reed Hastings, had received “Wells Notices” from the Staff of the Securities and Exchange Commission....more

Levick Weekly - January 4, 2013: The Newtown Tragedy & Camera Chasing At Its Worst

by Gene Grabowski | LEVICK on 1/5/2013

In This Issue: - Global Regulatory Cooperation - Infographics Are The New Soundbites: A Look At Hydraulic Fracturing - The Newtown Tragedy & Camera-Chasing At Its Worst - Why Netflix Shouldn’t Back Down -...more

Levick Weekly - December 21, 2012: Why Netflix Shouldn't Back Down

by Richard S. Levick | LEVICK on 12/21/2012

In This Issue: - National Security’s Business Impacts - Why Netflix Shouldn’t Back Down - Class Certification - The SEC Gets Its Groove Back - The Story Of Fragrances - NACD Boardvision - Blogs - Excerpt...more

SEC Probe of Netflix Highlights Legal Risks of Social Media

by David W. Braswell, Jeffrey Schultz, Joseph S. von Kaenel | Armstrong Teasdale LLP on 12/21/2012

The U.S. regulatory probe of a Facebook posting by Netflix CEO Reed Hastings is raising questions about whether the 43-word message violates a rule requiring that material information be released to all investors at the same...more

Court Finds No Duty for Public Company to Disclose SEC Wells Notice

by Holland & Knight LLP on 7/30/2012

A federal judge has ruled that a public company did not have a duty to disclose the receipt of a Wells Notice from the SEC. In that case, shareholders filed a federal securities fraud class action lawsuit against a major...more

Federal Court Rules that Receipt of "Wells Notice" Does Not Trigger Reporting Liability

by Paul S. Lawler | Holland & Knight LLP on 7/2/2012

On June 21, 2012, the U.S. District Court for the Southern District of New York ruled that a company's receipt of a "Wells Notice" from the SEC does not trigger a duty to disclose under Rule 10b-5 of the Exchange Act....more

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