U.S. District Court for the Southern District of New York

Case Status

Docket Number


Case Updates

District court dismisses SEC enforcement claims brought under “internal accounting controls” provision and holds that this statutory provision does not authorize the SEC to regulate a company’s cybersecurity policies and procedures unrelated to financial accounting

July 18, 2024


U.S. Chamber files letter urging district court to dismiss SEC’s amended complaint, reaffirming arguments made in its previous amicus brief urging dismissal of the SEC’s initial complaint

March 29, 2024


U.S. Chamber files coalition amicus brief urging district court to dismiss, in part, an SEC enforcement action

February 02, 2024

The Chamber's brief argues that the SEC unlawfully expanded its enforcement authority by reading the statutory term "internal accounting controls" to encompass unrelated cybersecurity policies and procedures.

Nicole Friedlander and Jeffrey B. Wall of Sullivan & Cromwell LLP served as outside counsel.

Case Documents