16Nov
When Do M+A Discussions Constitute MNPI? Recent SEC Guidance May Shed Some Light
Last month, the SEC announced that a public company had agreed to pay a $20 million penalty to resolve charges related to its repurchase of stock while supposedly in possession of material, non-public information (“MNPI”) that it might be acquired by another company. The SEC’s cease and desist order offers important lessons for assessing whether a company is in possession of MNPI in the context of ongoing M&A discussions....
By:
Goodwin
Source Url: https://www.jdsupra.com/legalnews/when-do-m-a-discussions-constitute-mnpi-41452/
Related
• Under a new law just signed into effect by the California Governor and set to take effect on Janu...
Read More >
This Jones Day Global Merger Control Update highlights significant changes in merger control regimes...
Read More >
Employers will need to go into overdrive to prepare for new Department of Labor rules on overtime. O...
Read More >
As the coronavirus (COVID-19) spread around the world, most businesses were forced to close their do...
Read More >
On February 27, 2020, the Federal Trade Commission (FTC) announced an action to block a proposed tra...
Read More >
New legislation broadens the scope of foreign investments control review in France and reinforces th...
Read More >