SEC Adopts Statement and Interpretive Guidance on Public Company...
The Securities and Exchange Commission (SEC) issued a press release announcing its unanimous approval of a statement by SEC Chairman Jay Clayton and interpretive guidance (the “2018 Guidance”) to...
View ArticleSEC Announces Its First Enforcement Action Over Cyber-related Disclosures
The Securities and Exchange Commission’s $35 million settlement with Altaba Inc., the successor in interest to Yahoo! Inc., is the first civil penalty of its kind for a data breach and underscores the...
View ArticleSecurities Class Actions Filed Against Three Chinese Tech Titans After...
In early July, investigations by a Chinese cybersecurity regulatory agency, the Cyberspace Administration of China (“CAC”), into at least three China-based technology companies—DiDi Global Inc....
View ArticleCalifornia Federal Court Dismisses Data Security-Related Securities Fraud...
A California federal court has dismissed a putative securities fraud class action alleging that a large title insurer that disclosed a data security incident in May 2019 made false and misleading...
View ArticleRecent Updates in Two Closely-Watched Cybersecurity and Privacy-Related...
Observers have been awaiting decisions in a number of cybersecurity and privacy securities fraud class actions with potentially important implications for corporate liability. Over the last several...
View ArticleSEC Corporation Finance Director Clarifies that Form 8-K Item 1.05...
On May 22, 2024, the Director of the Division of Corporation Finance (“Corp Fin”) of the Securities and Exchange Commission (“SEC”) issued further guidance regarding disclosure of cybersecurity...
View ArticleSEC Settlement Suggests the Agency’s Attempt to Regulate Cybersecurity Controls
On June 18, 2024, the SEC announced a $2.125 million settlement with R.R. Donnelley & Sons Co. (“RRD”) related to the company’s 2021 ransomware attack (the “Incident”). The settlement, and the...
View ArticleSEC Corporation Finance Provides Additional Guidance on the Disclosure of...
On June 24, 2024, the Division of Corporation Finance (“Corp Fin”) of the Securities and Exchange Commission (“SEC”) issued five new Compliance and Disclosure Interpretations (“C&DIs”) related to...
View ArticleSEC Withdraws Proposed Cyber-Related Rule Applicable to Broker-Dealers And...
The Securities and Exchange Commission (SEC) recently announced the withdrawal of several Biden-era regulations, including a proposed rule that would have required a broad range of platforms and...
View ArticleSEC Dismisses Remaining Claims Against SolarWinds
On November 20, 2025, the Securities and Exchange Commission (SEC) dismissed its landmark enforcement action against SolarWinds Corp. and the company’s Chief Information Security Officer, Tim Brown....
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