Sean C. Knowles Partner

The U.S. Supreme Court ruled in two related cases that federal district courts have jurisdiction to hear structural constitutional challenges to the adjudicative authority of the Federal Trade Commission and the U.S. Securities and Exchange Commission, and that litigants need not wait until the appeal of an adverse agency decision in the adjudication to raise such arguments in court.

Hundreds of COVID-19-related class action claims have been filed in state and federal courts throughout the country.

In its June 2019 Marchand v. Barnhill opinion, the Delaware Supreme Court provided guidance for directors (and their advisors) in two key areas—compliance and independence.

Understanding the many SEC, NYSE, Nasdaq and state law issues that affect their companies can be a bewildering task for public company directors and officers. To help with this is the fifth edition of The Public Company Handbook: A Corporate Governance and Disclosure Guide for Directors and Executives, a "plain English" guide for directors and executives seeking to familiarize themselves with legal matters facing public companies.

On June 13, 2013, the Securities and Exchange Commission announced the settlement of administrative proceedings against Revlon, Inc. In the settlement order, the SEC asserted that the company hid information regarding a 2009 “going private transaction” from its independent board members and minority shareholders in violation of Section 13 of the Securities Exchange Act of 1934 and Rule 13e-3 thereunder.