ALERT: Securities and Exchange Commission Extends Emergency Orders Relating to Short Sales and Repurchases
On October 1, 2008, the Securities and Exchange Commission (SEC) issued a press release announcing that it will extend its emergency orders that impose restrictions and reporting requirements on certain short selling activities and relax certain conditions on issuer share repurchases. At the time of the publication of this alert, two orders extending the effectiveness of the issuer repurchase rule and Rule 204T of Regulation SHO, have been issued.
This alert is published by Akin Gump’s corporate and investment funds practices. To read the full alert please click here.
If you have questions regarding this alert, please contact—
- Patrick J. Dooley, 212.872.1080, New York
- Bruce S. Mendelsohn, 212.872.8117, New York
- Eliot D. Raffkind, 214.969.4667, Dallas
- Stephen M. Vine, 212.872.1030, New York
- Richard B. Zabel, 212.872.8060, New York
