Capital Markets & Securities Law Watch
Sort by:
3 results
December 26, 2023
|1 min read
Fifth Circuit Vacates SEC’s Share Repurchase Rule
On December 19, 2023, the Fifth Circuit vacated the Securities and Exchange Commission’s (SEC) new share repurchase disclosure rule discussed in our prior blog posts available here and here.
November 29, 2023
|1 min read
Effectiveness of Share Repurchase Disclosure Rule Postponed for Now
On November 22, 2023, the Securities and Exchange Commission (SEC) announced an order postponing the effective date of the Share Repurchase Disclosure Modernization rule indefinitely, pending further SEC action.
November 8, 2023
|4 min read
Fifth Circuit Directs SEC to Correct Defects in Share Repurchase Disclosure Rules
On October 31, 2023, the Fifth Circuit Court of Appeals held that the Securities and Exchange Commission (SEC) acted arbitrarily and capriciously, in violation of the Administrative Procedures Act (APA), when it failed to respond to petitioners’ comments and failed to conduct a proper cost-benefit analysis in connection with the adoption of rules requiring issuers to disclose share repurchase activity and the reasoning as to why the issuer repurchased its own shares.