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SEC Proposes Sweeping New Rules on Climate Risk Disclosure

On March 21, 2022, the Securities and Exchange Commission (the “SEC”) proposed new climate disclosure rules (the “Proposed Rules”)1, which would require registrants, including foreign private issuers, to disclose a broad array of information on climate-related risks and activities, including emissions data. Background The goal of the Proposed Rules, the SEC says, is to enhance and…

Client Alerts | April 7, 2022 | Investor Activism | Securities and Corporate Finance

Kleinberg Kaplan’s Dov Kleiner featured in Practical Law The Journal, a Thomson Reuters publication

Kleinberg Kaplan Partner Dov Kleiner was featured in the Spring 2022 issue of Practical Law The Journal, a Thomson Reuters publication. In the State Q&A section, Dov offers perspectives on New York-specific processes related to the Assignments for the Benefit of Creditors (ABCs). He, along with other attorneys in Delaware, Florida and Michigan highlight filing…

Firm News | April 1, 2022 | Creditors’ Rights and Bankruptcy Litigation

Kleinberg Kaplan’s Christopher Davis quoted by Business Insider on Activist Campaigns for 2022

Christopher Davis, chair of Kleinberg Kaplan’s Investor Activism practice, was recently quoted in Business Insider article, “Legal advisors to activist hedge funds are swamped as more investors launch campaigns,” which discusses the anticipated growth in activist campaigns for 2022. Chris said, “There’s pent-up demand since people have largely been on the sideline for the past…

Firm News | March 21, 2022 | Investor Activism

Kleinberg Kaplan Partner Matthew Gold Assists State of Washington in Successful Challenge of Purdue Pharma Settlement

Kleinberg Kaplan Creditors’ Rights and Bankruptcy Litigation partner Matthew J. Gold has been representing the State of Washington in its highly publicized legal battle against Purdue Pharma, maker of OxyContin, a painkiller that allegedly contributed to the national opioid crisis. Kleinberg Kaplan senior counsel Robert Tuchman also advises on this matter. Today, the Attorney General…

Firm News | March 3, 2022 | Creditors’ Rights and Bankruptcy Litigation

SEC Proposes Overhaul of Beneficial Ownership Reporting, including Accelerated Filing Deadlines, Changes to Group Rules and Treatment of Cash-Settled Derivatives

On February 10, 2022, the Securities and Exchange Commission (the “SEC”) announced its proposals to amend Regulation 13D-G and Regulation S-T to address, they said, information asymmetries in financial markets and to modernize the regulations under Section 13 of the Securities Exchange Act of 1934 (the “Exchange Act”) to account for technological and financial innovations. …

Client Alerts | February 18, 2022 | Securities and Corporate Finance | Investor Activism

Certain Fund Managers May Be Required To File TIC Form SHC By March 4, 2022

Fund managers may be required to file Treasury International Capital (“TIC”) Form SHC, Report of U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments (“Form SHC”), for 2021 by March 4, 2022, based on the fair value of foreign assets owned by U.S. persons determined as of December 31, 2021. For 2021 and other benchmark…

Client Alerts | February 11, 2022 | Hedge Funds | Private Equity Funds