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SEC Brings Landmark Cybersecurity Disclosure Lawsuit Against Solarwinds and Its CISO

On October 30, 2023, the SEC filed charges against SolarWinds Corp. and its chief information security officer (CISO), alleging: ..Failures to disclose known cybersecurity vulnerabilities affecting the company’s “crown...more

SEC Schedules Vote on Proposed Cybersecurity Disclosure Rules; Enforcement Director Speaks on Cyber Resiliency

The SEC has scheduled a public meeting for July 26, 2023 to, among other things, “consider whether to adopt rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and...more

Beware of Insider Trading Whistleblower Scams

There has recently been a rash of similar anonymous whistleblower tips to public companies, each claiming that an unnamed company supervisor boasted about reaping profits from insider trading. The number of public companies...more

Disclosure Controls and Procedures - Not Just a Quarterly Certification

On June 15, 2021, the SEC announced that it had settled charges against First American Financial Corporation for failures in First American’s disclosure controls and procedures. Rule 13a-15(a) under the Exchange Act requires...more

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