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 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.
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@example.com) in the firm’s Washington, D.C. office, or any of the following:
K. Susan Grafton (202-887-3554, firstname.lastname@example.org)
Barry R. Goldsmith (202-955-8580, email@example.com)
Brian J. Lane (202-887-3646, firstname.lastname@example.org)
Ronald O. Mueller (202-955-8671, email@example.com)
John F. Olson (202-955-8522, firstname.lastname@example.org)
John H. Sturc (202-955-8243, email@example.com)
Selina Sagayam (+44 20 7071 4263, firstname.lastname@example.org)
Eleanor Shanks (+44 20 7071 4279, email@example.com)
James Barabas (+44 20 7071 4253, firstname.lastname@example.org)
Alan Samson (+44 20 7071 4222 , email@example.com)
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