Big Law Firms Back Covington in SEC Fight Over Client Data (1)

Feb. 22, 2023, 3:05 PM UTCUpdated: Feb. 22, 2023, 6:47 PM UTC

A total of 83 US law firms are backing Covington & Burling in its fight with the Securities and Exchange Commission over client data.

The firms signed onto an amicus brief filed late Tuesday supporting Covington’s stance that attorney-client privilege should block an SEC subpoena. The agency wants a federal court in Washington to force Covington to turn over the names of nearly 300 clients whose information may have been exposed in a 2020 cyberattack that impacted the firm.

The SEC says it needs the information to help an investigation into whether hackers behind the cyberattack engaged in illicit trading. ...

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