Simpson Thacher Attorneys Author Article on Fifth Circuit Decision on SEC Private Fund Adviser Rules
06.13.24
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Partner David Blass and Counsel William LeBas, Manny Halberstam and Nicholas Ridley authored an article titled, “The 5th Circuit Vacates the SEC’s Private Fund Adviser Rules,” which was published by Thomson Reuters Westlaw. The article discussed the Fifth Circuit Court of Appeals decision to vacate the entirety of the SEC’s Private Fund Adviser Rules on the grounds that the SEC lacked statutory authority to adopt the Rules. The article further explored the SEC’s potential next steps following the decision and indicated that most firms will likely hold off on taking any further significant steps to prepare for compliance with the Rules now that they have been vacated.
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