First MCDC Settlement Leaves Much To Be Desired

Law360, New York ( July 17, 2014, 10:39 AM EDT) -- On July 8, 2014, the U.S. Securities and Exchange Commission announced that it has entered into a settlement order with Kings Canyon Joint Unified School District — the first settlement with an issuer under the commission's Municipalities Continuing Disclosure Cooperation (MCDC) initiative, which began in March 2014.[1] The Kings Canyon settlement order is also noteworthy for what it does not do — provide useful SEC guidance on the scope of potential disclosure violations to be reported under the MCDC. See our prior article, "A 'Prisoner's Dilemma' For Issuers And Underwriters."...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!