Daniela Manzi

Herbert Smith Freehills Kramer

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SEC Announces Penalties Against Four Companies for Downplaying Severity of SolarWinds Cybersecurity Breach in Disclosures

On Oct. 22, 2024, the Securities and Exchange Commission announced that it charged four technology companies with making materially misleading disclosures about the effect the SolarWinds cyberattack had on these issuers. To...more

10/28/2024 / Corporate Counsel , Cyber Attacks , Cybersecurity , Disclosure Requirements , Hackers , Popular , Securities and Exchange Commission (SEC) , SolarWinds

Southern District of New York Dismisses Most Claims in SEC Cybersecurity-Related Enforcement Action Against SolarWinds

On July 18, 2024, U.S. District Judge Paul A. Engelmayer of the Southern District of New York dismissed most of the charges that the Securities and Exchange Commission brought against SolarWinds and its chief information...more

8/5/2024 / Chief Information Security Officer (CISO) , Cyber Attacks , Cybersecurity , Popular , Securities and Exchange Commission (SEC) , Securities Exchange Act , SolarWinds

SCOTUS Unanimously Holds That Respondents in FTC and SEC Administrative Law Proceedings May Challenge the Constitutionality of...

On April 14, 2023, the Supreme Court issued a unanimous decision in two related cases, Axon Enterprise, Inc. v. FTC (No. 21-86) and SEC v. Cochran (No. 21-1239), holding that respondents may challenge the constitutionality of...more

4/20/2023 / Administrative Law Judge (ALJ) , Administrative Proceedings , Constitutional Challenges , Due Process , Enforcement Authority , Federal Trade Commission (FTC) , FTC Act , Popular , SCOTUS , Securities and Exchange Commission (SEC)

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