The SEC’s recent enforcement settlement involving a fund manager highlights the SEC’s focus on an investor’s “control purpose” triggering the requirement to file on a Schedule 13D as opposed to a short-form 13G. At issue was HG Vora Capital Management’s 5% interest in a public company, and whether it had complied with its obligations to supersede its existing filing with a long-form Schedule 13D filing within 10 days of no longer being “passive.”
Michael Beckwith
Michael Beckwith is a law clerk in the Litigation Department.
Michael earned his J.D. from New York University School of Law and his B.A.., cum laude, from Binghamton University. While in law school, Michael was a Human Rights Scholar at the Center for Human Rights and Global Justice, was an International Law and Human Rights Fellow, and served as Managing Editor of the Journal for Legislation and Public Policy.
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