Simpson Thacher Attorneys Author Article on SEC Charges Against Corporation and Former Officer
03.15.23
This is only gets display when printing
Partners Martin Bell, Marc Berger, Nicholas Goldin, Jeffrey Knox, Charles Mathes and Michael Osnato authored an article titled “SEC Charges McDonald’s and Former CEO in Connection With Disclosures Surrounding CEO’s Separation,” which was published by Wolters Kluwer’s Insights: The Corporate & Securities Law Advisor. The article addressed a recent SEC action against McDonald’s and its former CEO, in which it charged the company with including false and misleading disclosures relating to the circumstances of the former CEO’s separation in its proxy statement in violation of Section 14(a) of the Exchange Act and Rule 14a-3 promulgated thereunder. The agency also charged the former CEO with violating the antifraud provisions of the Exchange Act and the Securities Act. The article additionally detailed the background on the charges and provided key takeaways, including in relation to appropriate disclosures surrounding the termination of executives.
To read the full article, please click here.