April 29, 2015

Schedule 13D Reform: Will Congress Get Involved?

The battle over whether to shorten the Schedule 13D filing window has been long and drawn out. For example, as noted in this blog, SEC Commissioner Gallagher said last Fall that we shouldn’t expect changes to the 13D window “this year or next.” As noted in this Cooley blog, several public watchdog organizations have weighed in with this letter to the Senate Banking & House Financial Services Committees urging that Congress take action to shorten the 10-day filing period applicable to Schedule 13D. Also see this WSJ article