October 3, 2008
As a result of President Bush’s signing of the Emergency Economic Stabilization Act of 2008 (H.R. 1424), the Securities and Exchange Commission’s Division of Trading and Markets announced[1] today that the prohibition on short sales in the securities of financial institutions will expire at 11:59 p.m. ET on Wednesday, October 8, 2008.
We will continue to update you on the SEC’s short sale initiatives as information is made available.
[1] SEC Division of Trading and Markets, Press Release 2008-238 (Oct. 3, 2008), available at http://www.sec.gov/news/press/2008/2008-238.htm
Gibson, Dunn & Crutcher lawyers are available to assist in addressing any questions you may have about these developments. Please contact the Gibson Dunn attorney with whom you work, K. Susan Grafton (202-887-3554, [email protected]) in the firm’s Washington, D.C. office, or any of the following:
Washington, D.C.
K. Susan Grafton (202-887-3554, [email protected])
Barry R. Goldsmith (202-955-8580, [email protected])
Brian J. Lane (202-887-3646, [email protected])
Ronald O. Mueller (202-955-8671, [email protected])
John F. Olson (202-955-8522, [email protected])
John H. Sturc (202-955-8243, [email protected])
California
James J. Moloney (949-451-4343, [email protected])
New York
Dennis J. Friedman (212-351-3900, [email protected])
Adam H. Offenhartz (212-351-3808, [email protected])
Eduardo Gallardo (212-351-3847, [email protected])
London
Selina Sagayam (+44 20 7071 4263, [email protected])
Eleanor Shanks (+44 20 7071 4279, [email protected])
James Barabas (+44 20 7071 4253, [email protected])
Alan Samson (+44 20 7071 4222 , [email protected])
Paris
Benoît Fleury (+33 1 56 43 13 00, [email protected])
Mylène Blanc-Gallaud (+33 1 56 43 13 00, [email protected])
Munich
Philip Martinius (+49 89 189 33-121, [email protected])
Dubai
Peter L. Baumbusch (+971 4 365 0470, [email protected])
Singapore
Jai S. Pathak (213-229-7657, [email protected])
Emad H. Khalil (+65 6507 3682, [email protected])
© 2008 Gibson, Dunn & Crutcher LLP
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