Insider Trading, Share Buybacks

Second Circuit Keeps Narrow Scope Of Short-Swing Trading Claims Arising Under Section 16(b)

A&O Shearman on 6/4/2025

On May 23, 2025, in a significant decision with implications for future short-swing trading claims, the United States Court of Appeals for the Second Circuit Court affirmed two district court decisions holding that a...more

What to Expect from the SEC During a Second Trump Administration?

Morrison & Foerster LLP on 11/15/2024

Given the recent news about President-Elect Trump’s cabinet appointments , it is a safe bet that the SEC Division of Enforcement’s priorities will change under the new administration. Under President Biden, SEC Chair Gary...more

Fifth Circuit Vacates SEC Rules for Share Repurchase Disclosure

Dorsey & Whitney LLP on 1/4/2024

We had previously reported that beginning with the next annual report on Form 10-K, most US-listed issuers would be required to make more extensive disclosures on their share repurchase programs and insider transactions...more

SEC charges Charter Communications with controls violation related to 10b5-1 plans for company buybacks

Cooley LLP on 11/15/2023

Yesterday, the SEC announced a settled action against Charter Communications for “violating internal accounting controls requirements when it engaged in stock buybacks not authorized by its board of directors.” More...more

Hong Kong Issues Guidance on Automatic Share Buyback Programs

Latham & Watkins LLP on 11/9/2023

The SEHK guidance sets out the framework for its assessment in considering a waiver application of the increasingly popular automatic share buyback program. The Stock Exchange of Hong Kong Limited (the SEHK) has issued a...more

New Stock Buyback Disclosure Requirements

A&O Shearman on 5/16/2023

On May 3, 2023, the SEC adopted new disclosure requirements for stock buybacks, including disclosure of daily share repurchase activity on a quarterly basis. These quarterly reports of daily share repurchase activity will be...more

SEC’s Proposed Buyback Disclosure Rules: Actions Companies Should Consider Taking Now

Orrick, Herrington & Sutcliffe LLP on 1/5/2022

In addition to the proposed rules regarding insider trading policies that we wrote about a few weeks ago, the Securities and Exchange Commission has also proposed amendments to its rules regarding disclosure about stock...more

SEC Focuses on Potential Misuse of Material Non-Public Information in Stock Trades: Proposed Amendments Regarding Rule 10b5-1...

White & Case LLP on 12/23/2021

To address what the SEC characterizes as "critical gaps" in its insider trading regime, on December 15, 2021, the Securities and Exchange Commission (the "SEC") voted unanimously to propose amendments to Rule 10b5-1 under the...more

Chair Gensler on 10b5-1 Trading Plans

Mayer Brown Free Writings + Perspectives on 6/8/2021

Yesterday, speaking at a conference, Securities and Exchange Commission Chair Gary Gensler shared some thoughts regarding Rule 10b5-1 plans and how the SEC might “freshen up” the rule. The Chair noted that currently there is...more

SEC Enforcement and Public Companies – 2020 Key Cases and What We Expect in 2021

Morgan Lewis on 1/14/2021

Most media accounts suggest that the incoming Biden administration will usher in a more “aggressive” SEC enforcement posture, with renewed emphasis on investigating potential fraud and controls deficiencies at public...more

Financial Daily Dose 3.31.2020 | Top Story: US retail giants furlough hundreds of thousands of workers as locations remain closed

Robins Kaplan LLP on 3/31/2020

Macy’s announced on Monday that it will furlough most of its nearly 130,000 workers (at its Macy’s, Bloomingdale’s, and Bluemercury retail locations) starting this week as its stores remained shuttered due to the pandemic....more

Insider Trading › Share Buybacks