New York Times (November 18)
“An under-the-radar lawsuit has privately been a hot topic of conversation in Fortune 500 boardrooms and corporate security departments.” The suit by the SEC against SolarWinds and its chief information security officer appears to be the first lawsuit “in which the S.E.C. has charged a company with intentional fraud related to cybersecurity disclosures.” The suit suggests “boilerplate disclosures” are no longer “sufficient if the company knows of more specific risks.”
Tags: Boardrooms, Boilerplate, CISO, Corporate security, Cybersecurity disclosures, Fortune 500, Fraud, Lawsuit, SEC, SolarWinds, Specific risks, Under-the-radar
Securities Technology Monitor (March 20)
The Deutsche Boerse (DB) plans to sue the EU for blocking its planned merger with NYSE Euronext. DB “plans the suit in order to recoup some of its merger costs and to clear the way to potentially make a future deal in which it could expand its derivatives operation.” DB, however, has no plans to revive the NYSE Euronext deal. DB’s main concern is that the definition of “derivatives markets” be expanded to include OTC trading, thus making future acquisitions of derivatives operations less likely to trigger monopoly concerns.
The Deutsche Boerse (DB) plans to sue the EU for blocking its planned merger with NYSE Euronext. DB “plans the suit in order to recoup some of its merger costs and to clear the way to potentially make a future deal in which it could expand its derivatives operation.” DB, however, has no plans to revive the NYSE Euronext deal. DB’s main concern is that the definition of “derivatives markets” be expanded to include OTC trading, thus making future acquisitions of derivatives operations less likely to trigger monopoly concerns.
Tags: Derivatives markets, Deutsche Boerse, EU, Lawsuit, NYSE Euronext, OTC