Over the past few months, Cadwalader’s Quorum has closely followed the remarks of U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins as they relate to the SEC’s revitalized mandate to spur capital markets...more
Early in the show Modern Family, we meet a family formed through remarriage, cultural differences, and a significant age gap. When Jay Pritchett marries Gloria Delgado, he becomes stepfather to her sensitive teenage son,...more
Developments in securities litigation move fast, and not all of them matter equally. Each month, Alto Litigation curates and summarizes the cases, rulings, and regulatory actions most likely to shape risk and strategy in the...more
At the Texas A&M School of Law Corporate Law Symposium on February 17, 2026, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins addressed the ballooning size and complexity of corporate risk factor disclosures...more
While visiting Texas, Securities and Exchange Commission Chair Atkins addressed corporate law matters and disclosure reform issues. Here, we address the Chair’s comments related to disclosure reform. Chair Atkins once again...more
Just last week, I blogged about drafting risk factor disclosure in a new AI-dominated era. A few days ago, SEC Chairman Paul Atkins delivered this speech – in addition to addressing several other topics – laying out a...more
In remarks delivered on February 17, 2026, at the Texas A&M School of Law Corporate Law Symposium, SEC Chairman Paul Atkins highlighted aspects of his agenda that are of particular interest to public companies and companies...more
On February 4, 2026, the United States Court of Appeals for the Ninth Circuit reversed in part a decision from the United States District Court for the Western District of Washington granting a motion to dismiss a putative...more
Technology risks constantly evolve. Effective IT Risk Management Programs can identify, address and, as needed, adapt to emerging risks. This analysis illustrates how an effective IT Risk Management Framework can identify an...more
Welcome to the inaugural McGuireWoods’ Quarterly Securities & Capital Markets Update. Each edition will review important securities law developments from the previous quarter and alert readers of significant considerations...more
Geopolitics and supply chain risk have emerged as top concerns for Chief Legal Officers. These factors are shaping strategic plans and competitive advantage as well as day-to-day operations. ...more
As companies prepare for the upcoming proxy and annual report season, the following lists some of the key items to consider...more
2025 was challenging for the transportation and logistics industry vertical, to say the least. But the same can be said for many of the other verticals reliant on transportation and logistics providers for their essential...more
The FDA's Digital Health Advisory Committee (DHAC) met on November 6, 2025 to explore how generative AI-enabled digital mental health medical devices should be regulated—a first-of-its-kind review in a rapidly expanding...more
On December 9, 2025, CARB posted initial proposed regulations concerning SB 253 and SB 261. ...more
California’s ambitious climate disclosure regime has hit a significant roadblock. On November 18, 2025, the Ninth Circuit Court of Appeals granted an injunction halting enforcement of SB 261, the Climate-Related Financial...more
On November 18, 2025, the California Air Resources Board (CARB) convened its third virtual public workshop to discuss implementation of California’s climate disclosure laws, including greenhouse gas (GHG) emissions reporting...more
On October 29, 2025, the U.S. Court of Appeals for the Ninth Circuit issued an order addressing an emergency request aimed at delaying implementation of California’s sweeping climate-related disclosure requirements under...more
In 2023, California adopted two laws (SB 253 and SB 261) that will require reporting of greenhouse gas and climate-related financial risks by companies doing business in California beginning in 2026. The first compliance...more
Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on...more
In late October, ExxonMobil filed a complaint in the U.S. District Court for the Eastern District of California against state officials challenging the state’s new carbon emissions disclosure law (SB 253) and climate risk...more
The European Union’s Artificial Intelligence (AI) Act, effective from August 1, 2024, imposes a risk-based framework on AI systems used within the EU, affecting U.S. employers that use AI for HR functions involving EU...more
The Federal Reserve has issued guidance—including template term sheets—on the process for mutual banking organizations, such as mutual holding companies, to issue capital instruments that qualify as regulatory capital. The...more
The European Systemic Risk Board (ESRB), which is responsible for collecting and analyzing data from national central banks, supervisors, and the European Union agencies about risk in the EU financial system, released a major...more
Companies will have to keep waiting for California to issue implementing regulations for The Climate Corporate Data Accountability Act (SB 253) and The Climate-Related Financial Risk Act (SB 261) (each bill as amended by...more