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On October 15, 2024, the Department of Defense (“DoD”) released its final rule (the “Final Rule”) formally establishing the Cybersecurity Maturity Model Certification (“CMMC”) program, nearly three years after first announcing its plan for the initiative.

The Texas Lawbook and the Association of Corporate Counsel Houston Chapter presented an update on the key developments and in SEC Enforcement affecting corporate litigation, compliance, and disclosures.

This year kicked off with several important name, image, and likeness (“NIL”) updates that universities, boosters,¹ and NIL Collectives² would do well to review. Earlier this month, the NCAA Division I Committee on Infractions Panel (the “Committee”) issued a negotiated resolution with Florida State University (“FSU”) following an investigation into alleged impermissible conduct during the recruitment of a football player who was listed in the National Collegiate Athletic Association’s (“NCAA”) transfer portal. This resolution comes on the heels of new NCAA disclosure rules and the NCAA President’s letter that proposes allowing universities to enter into NIL agreements with student-athletes.

Welcome to Vinson & Elkins’ Securities and ESG Updates. Our aim is to provide insights into notable developments in securities reporting and the environmental, social and governance space over the quarter.

Historically, companies gave little thought to antitrust considerations when they developed environmental, social, and governance (“ESG”) goals and plans.