Six New Lessons from Latest Round of COVID-19 Comment Letters
While the COVID-19 outbreak has left many of us hanging around the house for months, that hasn’t stopped the Securities and Exchange Commission from...
The State of COVID-19 Disclosure, Part III: CARES Act Relief
You did it. You’ve reached the third and final installment of our series on the “state of COVID-19 disclosure.” Previous episodes focused on lan...
The State of COVID-19 Disclosure, Part I: Debt Covenants
It’s coming from celebrities. It’s coming from aunt Sally’s Facebook feed. It’s even coming from heads of state. Misinformation is one of the ...
Issuers Get (Halfway) Back Into Spending, Guidance Game
As citizens emerge from shelter-in-place orders and the frozen economy thaws, issuers too have begun a return to normalcy (whatever that is). Some pub...
Disclosure Describes Strings Attached to PPP Funds
The Paycheck Protection Program provided a welcome lifeline to businesses in the midst of the pandemic. But for companies that have cashed their PPP c...
Corporate Debt Issuances Spike in Pandemic
In the pandemic, we’ve all become hoarders. Toilet paper. Disinfectant. Meat.
And apparently, if you are a public company, there’s another stap...