April 2017

Securities and Shareholder Litigation 2017: A Look AheadWhile not necessarily as eventful as 2015, 2016 saw courts interpret and build upon major decisions from prior years, and have set up at least one important issue for consideration by the U.S. Supreme Court. 2016 also featured several important legal developments that should continue to impact both private litigation and public enforcement throughout 2017, including:

  • SEC Whistleblower Program. By the time the SEC closed its 2016 fiscal year in September, it had filed a record number of enforcement actions. In addition, the SEC’s whistleblower program awarded more than $57 million to 13 whistleblowers during the year, almost as much as in all previous years combined. The big question will be whether the Trump administration will allow this trend to continue.

Continue Reading Bass, Berry & Sims Securities and Shareholder Litigation Group Publishes 2017: A Look Ahead

Recently, the SEC adopted technical amendments for self-executing provisions of the JOBS Act—mostly relating to EGCs.

One important update that impacts virtually all companies is the update related to amending the cover pages for numerous filings. Broadly speaking, the cover page has been revised to include a “check the box” item to indicate that the person filing the report is an “emerging growth company” and an additional box to check as follows: “If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.”

Continue Reading Effective Today – New EGC “Check the Box” on Cover Pages of Most SEC Forms, including 8-K, S-1/3/4/11 and 10-K/Q

From the Bass, Berry & Sims Blog Network
From the Bass, Berry & Sims Blog Network

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