Client Alert
SEC Extends Temporary Emergency Order To Facilitate Issuer Repurchases
October 2, 2008
Yesterday, the SEC extended a temporary emergency order which is designed to facilitate issuer repurchases in an effort to promote market stability and issuer liquidity given the recent events affecting the financial markets. The SEC order1, which was issued September 18, 2008 and was initially set to expire today, will now expire on October 17, 2008.
Click here to read our client alert regarding the SEC’s September 18th order.
Note
1 Emergency Order Pursuant to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market Developments (September 18, 2008), available at: http://www.sec.gov/rules/other/2008/34-58588.pdf.
Contact Information
If you have any questions regarding the SEC order, please contact the Womble Carlyle attorney with whom you usually work or one of our Corporate and Securities attorneys.
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