Latest From Skadden

  • In Malouf, Tenth Circuit Applies Supreme Court’s Lorenzo Decision
    Skadden, Arps, Slate, Meagher & Flom LLP
    Jay B. Kasner, Peter B. Morrison, Scott D. Musoff, Susan L. Saltzstein, Virginia Milstead, Raza Rasheed

    Malouf v. SEC is the first post-Lorenzo circuit court case to address whether a knowing failure to correct another’s material misstatements can trigger liability under Rule 10b-5. Malouf was decided in the context of an SEC enforcement action and therefore does not necessarily reflect how Lorenzo may apply in a private action context. Nevertheless, plaintiffs may point to Malouf to suggest that Lorenzo broadened the universe of parties with potential Rule 10b-5 exposure.

  • SEC Proposes to Modernize Business, Legal Proceeding and Risk Factor Disclosure Requirements Under Regulation S-K
    Skadden, Arps, Slate, Meagher & Flom LLP
    Brian V. Breheny, Andrew J. Brady, Hagen J. Ganem, Josh LaGrange, Ryan J. Adams, Andrew T. Bond, Blake M. Grady, Caroline S. Kim, Justin A. Kisner
    On August 8, 2019, the SEC announced proposed amendments to modernize the rules requiring description of business, legal proceeding and risk factor disclosures pursuant to Regulation S-K. The amendments are intended to improve the readability of disclosures for investors and simplify compliance requirements for companies.

     

  • UK Employment Flash — August 2019
    Skadden, Arps, Slate, Meagher & Flom LLP
    Helena J. Derbyshire, Damian R. Babic, Ashley Moss
    In this issue of UK Employment Flash, we examine the latest employment law developments, news and insights from the UK, including the Court of Appeal's ruling regarding pay for fathers or other caregivers taking shared parental leave, new government fines that have been imposed for data breaches and a European Court of Justice requirement that employers set up a system to record employees' actual working time.