A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On March 23, 2020, two co-directors of the SEC's Division of Enforcement released a statement emphasizing the importance of maintaining market integrity and following corporate controls...
On March 23, 2020, two co-directors of the SEC's Division of
Enforcement released a
statement emphasizing the importance of maintaining market
integrity and following corporate controls and procedures in light
of COVID-19. The statement reminds corporate insiders that the
material non-public information that comes to their attention may
hold an even greater value now than it would under usual
circumstances, particularly if earnings reports or required SEC
disclosure filings are delayed due to COVID-19. They asserted that
insiders should be mindful of their obligations to keep this
information confidential and comply with the prohibitions on
illegal securities trading.
The statement encouraged public companies to be mindful of their
established disclosure controls and procedures, insider trading
prohibitions, and codes of ethics, and to ensure that they protect
against the improper dissemination and use of material non-public
information. Similarly, broker-dealers and investment advisers were
reminded to comply with policies and procedures designed to prevent
misuse of material, nonpublic information.
Originally published 13 May, 2020
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