In light of the rapidly changing coronavirus (COVID-19) situation, Troutman Sanders and Pepper Hamilton have postponed the effective date of their previously announced merger until July 1, 2020. The new firm – Troutman Pepper – will feature 1,100+ attorneys across 23 U.S. offices. Read more.
Jay A. Dubow, a partner with Pepper Hamilton, a member of the firm’s White Collar Litigation and Investigations Practice Group and a co-chair of the Securities and Financial Services Enforcement Group, was quoted in the May 1, 2020 The Verge article, "Was Elon’s Tesla Twitter Meltdown Illegal? An Investigation."
Jay Dubow, a partner at Pepper Hamilton who focuses on white collar litigation, thinks the SEC is in a tough position. On the one hand, Musk is openly flouting their settlement if he didn't get his tweets approved. On the other hand, if the SEC goes so far as to force Musk to dissociate himself from Tesla, that potentially hurts the shareholders who bought into the stock because they believe in him. "They're going to have to react and do something," Dubow says. "Because this was a clear violation of the order and I don't know how they're going to let that go."