On June 26, 2020, the SEC issued an update regarding its efforts responding to COVID-19, which included an announcement that the 45-day grace period regarding certain public company filings due on or before July 1, 2020 would not be extended. The SEC’s decision was based on the recommendation by the Division of Corporation Finance that any further extension would be “unnecessary” due to the implementation of “business continuity plans” by market participants, which included a shift “to a more remote and distributed workforce.”
For more information, the entire SEC update, titled An Update on the Commission’s Targeted Regulatory Relief to Assist Market Participants Affected by COVID-19 and Ensure the Orderly Function of our Markets, can be found here.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP focuses on complex civil litigation, including securities, antitrust, wage and hour and consumer class actions as well as shareholder derivative and merger and transactional litigation. The firm is headquartered in New York, and maintains offices in California, Georgia and Pennsylvania.
Since its founding in 1995, Faruqi & Faruqi, LLP has served as lead or co-lead counsel in numerous high-profile cases which ultimately provided significant recoveries to investors, direct purchasers, consumers and employees.
To schedule a free consultation with our attorneys and to learn more about your legal rights, call our offices today at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi
New York office
Tel: (212) 983-9330
Fax: (212) 983-9331