SEC Issues First Charges for False Disclosures Concerning the COVID-19 Pandemic

While the COVID-19 pandemic has caused enormous challenges to public companies’ day-to-day operations, it has also introduced new complexities to their public disclosure obligations. As the Securities and Exchange Commission’s recent charges against a large restaurant chain make clear, regulators are monitoring public companies to ensure that they timely disclose material changes to operations and financial condition.

To read the full text of this Duane Morris Alert, please visit the firm website.