Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on:
- The SEC charging seven public companies with violating the whistleblower protection rule by requiring employees to waive possible whistleblower monetary awards in employment, separation, and other agreements
- The SEC’s charges against biotechnology company Zymergen Inc., for allegedly misleading IPO investors about the company’s market potential and sales prospects
- The SEC’s decision to approve a Nasdaq proposal to modify its independent director and committee phase-in periods, which presents a host of considerations for affected companies
- The California legislature’s amendments to climate disclosure laws, which may slightly delay the timeline for disclosing certain greenhouse gas emissions
- Reminders about Form 10-Q disclosures and upcoming compliance deadlines