On June 22, the Supreme Court held in Liu v. SEC that the SEC may obtain disgorgement in federal court cases, as long as the disgorgement does not exceed a wrongdoer’s “net profits and is awarded for victims.” The Court’s...more
6/25/2020
/ 15 U.S.C. § 78u(d)(5) ,
Administrative Authority ,
Business Expenses ,
Calculation of Damages ,
Corporate Misconduct ,
Disgorgement ,
Enforcement Actions ,
Equitable Relief ,
Kokesh v SEC ,
Lack of Authority ,
Liu v Securities and Exchange Commission ,
Net Profits ,
Remedies ,
SCOTUS ,
Securities and Exchange Commission (SEC)
On May 18, 2020, Massachusetts announced a four-phase reopening plan, parts of which took immediate effect. Phase 1 is the “Start” phase, during which “limited industries [may] resume operations with severe restrictions.”...more
Overview of the Updated CISA Guidance -
On April 17, the Cybersecurity and Infrastructure Security Agency (CISA), an agency within the Department of Homeland Security (DHS), issued the third version of its nonbinding...more
In response to the COVID-19 pandemic, governors of 49 states have issued executive orders restricting operations or closing categories of businesses and/or requiring residents to shelter-in-place. These orders vary...more
On Saturday, March 28, 2020, CISA updated its guidance regarding the essential critical infrastructure workforce and ensuring community and national resilience during the COVID-19 pandemic (March 28 Guidance). The new...more