February 26, 2020
In an article published by Law360, New York partner Adele Hogan discusses the coronavirus and its potential impact on U.S. Securities and Exchange Commission disclosures.
“The response to COVID-19 has begun to impact many industries and has included countries closing their borders, enhanced health screenings, healthcare service preparation and delivery, quarantines, cancellations, disruptions to supply chains and customer activity, as well as the general concern and uncertainty,” Hogan writes.
Hogan outlines the decision-making process for SEC disclosure obligations.
“Where boards and executives are uncertain of the outcome, and the outcome could be material, then disclosures must be made. That is particularly difficult at the early stage of a health situation such as COVID-19,” Hogan explains.
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