Vedder Price served as counsel for client Schawk, Inc., which announced Tuesday that the SEC will terminate its investigation related to Schawk’s 2008 financial restatement.

The SEC issued a Wells notice to Schawk in May 2011. The Wells notice stated that the staff of the SEC was considering recommending an enforcement action against Schawk. In response to the Wells notice, Schawk had the opportunity to demonstrate why an enforcement action was not warranted.    

“The SEC does not take its charging decisions lightly,” commented Mr. Junaid A. Zubairi, who served as Lead Counsel on the matter. “The Wells notice is the respondent’s opportunity to sway the SEC on its decision to file suit. We were able to help Schawk build a case that resulted in no enforcement action against the company. This is an example of how utilizing the Wells process, in appropriate circumstances, can pay dividends. The intentions behind the Wells process are working.”

Mr. James S. Montana, Jr., who also served as Lead Counsel, said “We are very pleased to successfully guide Schawk throughout this matter, which has now come to a successful conclusion.”

Schawk, Inc., a long time client of the firm, is a leading provider of integrated brand development and deployment services for a wide range of clients with a global footprint of operations in 19 countries.

James S. Montana, Jr. and Junaid A. Zubairi were assisted by Christopher G. Barrett, William W. Thorsness, Rachel C. Jennings, Rachel T. Copenhaver and other Vedder Price attorneys.