Cravath Attorneys Present on New Rules for 10b5‑1 Plans and Insider Trading‑Related Disclosures at Texas General Counsel Forum Program

On April 5, 2023, Cravath partner Michael L. Arnold and of counsels William D. Podurgiel and Lisa M. Kohl conducted a virtual program for members of the Texas General Counsel Forum entitled “Navigating the New Rules for 10b5‑1 Plans and Insider Trading Related Disclosures.” The program examined the U.S. Securities and Exchange Commission’s recently adopted final rules related to Rule 10b5‑1 that limit the availability of the affirmative defense and include new disclosure requirements related to public companies’ insider trading policies. The program also described emerging best practices in insider trading policies.