As experienced legal professionals, maintaining the integrity of our data can often take a backseat to more pressing immediate tasks, such as case management and client servicing. However, as we enter the fall season, a period of transformation and preparation, it becomes increasingly important to invest time in cleaning our data to ensure efficiency and…
The European Commission (EC) made an unexpected move on September 25, 2023, when it halted the intended acquisition of Flugo Group Holdings AB (also known as eTraveli) by Booking Holdings Inc. This deters the EC’s first veto of a transaction within this year and signifies its first-ever prohibition anchored solely upon anxieties related to the…
Boies Schiller Flexner LLP has boosted its litigation capacity with a recent hiring announcement. The law firm revealed the addition of a renowned former judge from the Southern District of New York to its ranks, strengthening their position in the legal landscape. The newly joined professional, revered for their resilient legal acumen, had been serving…
UpSlope Advisors, Inc., a firm known for its strategic and operational insights, has made waves in the sector by taking a stand regarding what they perceive as an unfair procurement process. They have lodged an explicit protest against a decision made by the United States Transportation Command (USTRANSCOM), arguing that the award of a contract…
The 2023 G20 summit, which took place on 9th and 10th of September in India, embraced the potent theme of “Vasudhaiva Kutumbakam”, a Sanskrit term signifying “the world is one family”. Embodying both traditional and modern global issues, this phrase was a precise representation of the complex daily challenges that law professionals increasingly have to…
In an intriguing turn of events, a special-purpose acquisition company (SPAC), entangled in a financial squabble post a botched $2.6 billion casino deal in the Philippines, has found itself under legal obligation to clear its pending dues of more than $1.9 million to the law firm Schulte Roth & Zabel LLP. This obligation must be…
As multinational commerce continues to thrive, cross-border aviation transactions are becoming increasingly prevalent. However, the legal and logistical challenges involved in these deals are considerable. Differences in law, as well as cultural nuances, can prolong the process significantly. When seeking to close such deals and ensure smooth transactions, assembling a robust team of legal and…
In recent times, the Federal Trade Commission (FTC) has begun to closely inspect the possible adverse effects that loyalty discounts and bundled prices could yield on competitors and their ability to reach customers. As reported by Troutman Pepper, bundled discounts are offered when a vendor decides to sell two or more products for a reduced…
As legal professionals, it is vital to stay aware of any changes in legislation that may impact our operations. A significant shift is the Securities Exchange Commission’s (SEC) new Cybersecurity Rule which has recently come into effect. The new regulations were implemented in September and apply to reporting public companies. As outlined by Burr &…
Liberty Global Inc. (“LGI”) and the Department of Justice (DOJ) are currently locked in a vigorous legal battle, focusing primarily on the interpretation of the economic substance and step transaction doctrines. The crux of the issue lies in a transaction, LGI claimed a dividends received deduction for $2.4 billion relating to the proceeds from the…
The Supreme Court will commence its 2023-24 term on the conventional first Monday in October, with six arguments over five days on topics ranging from federal sentencing laws to voting rights. Live audio of oral arguments will continue to be provided for interested public, indicating the court’s sustained commitment to public accessibility. The new term…
As the 2024 Federal Fiscal Year kicks off on October 1, 2023, the U.S. Congress has yet to pass, and the President has not signed, the necessary bill to provide funding for FFY2024. This lapse in appropriations risks a partial yet significant government shutdown, beginning October 1, 2023. This development could have substantial implications for…
In regulatory affairs, recent action signals an emerging trend that legal teams across the globe must consider carefully. The SEC and FINRA, for instance, have long been attentive to so-called “off-channel” communication issues. These problematic communication practices, some several years in the making, involve brokers-dealers and investment advisers using social media applications and messaging services….
In an effort to clarify the nature and goals of its work, the State Bar of Texas has made the decision to rename its diversity, equity and inclusion committee. The decision, ratified by the board on Friday, will see the group become known as the outreach and engagement committee. Notably, despite the intent to bring…
With a government shutdown looming, the U.S. Food and Drug Administration (FDA) braces for inevitable setbacks. The federal government is set to shut down on October 1, 2023, unless an agreement is reached to prevent it. The impacts of this shutdown could be significant, especially for agencies like the FDA which might see an estimated…
Recent data paints a stark image of the working-age population in the United Kingdom: approximately 23% reported that they were disabled as of January to March 2023. Staggeringly, it is estimated that 70-80% of these disabilities are non-visible, meaning the individuals affected don’t necessarily present symptoms or indications readily noticeable by others. As we approach…
Vetnos LLC, a business-to-business sports technology firm based in New York, is urging a Georgian federal court to rebuff attempts by PrizePicks, an Atlanta-based daily fantasy sports gaming platform, to evade a lawsuit. The case filed against PrizePicks contends that it infringed upon Vetnos’ patents and exploited trade secrets to launch a fixed-odds fantasy sports…
As we approach the end of the fiscal year on September 30, Congress seems to be on the verge of dealing with the first full-scale government shutdown in approximately five years as repeated efforts to implement brief funding reprieves either stumbled or fell flat. Since the existing levels of government financing will expire at midnight…
In efforts to increase the accessibility and efficiency of the legal industry in Pennsylvania, the state’s Supreme Court has approved a unique pilot initiative, thereby permitting lawyers to remotely access images of briefs submitted to its appellate courts. Hitherto, such images have only been accessible in person, with legal practitioners having to physically make a…
With another eventful week in appellate news, the legal community continues to weigh and interpret several critical developments. This summary of the week’s key stories includes highlights from Howard Bashman’s How Appealing blog, a trusted online platform that provides timely information on appellate litigation. One significant matter of interest for legal observers remains the current…
The growing demand for skilled AI professionals has surged the cost of legal technology, as evident from the challenges legal tech companies face in allocating high-paying roles for AI talent which do not directly translate into profit-making, as discussed in Legaltech News. Another intriguing development in the sector is driven by the apprehension about integrating…
In the wake of the COVID-19 pandemic, numerous companies faced the challenge of abrupt employee furloughs, leading to a variety of legal ramifications. A crucial point recently highlighted by a Ninth Circuit panel concerns the obligation of employers to pay the final wages immediately, even while the employees are on furlough. A case at hand…
In a significant move, New York State Governor Kathy Hochul has signed into law a bill that fundamentally alters the way employers can communicate with their employees on certain issues. Effective from September 6, 2023, the legislation bans “captive audience meetings”, restricting employers from mandating employees to attend meetings or listen to communications where the…
In the wake of potential Congressional appropriations lapse this weekend, U.S Federal law, specifically the Antideficiency Act, has placed constraints on agency business conduct. This occurrence has pushed the Securities and Exchange Commission (SEC) to update its plans for an orderly shutdown, which were last adopted in 2018. According to the latest report, the SEC…
In the sphere of burgeoning legal issues surrounding corporate operations, it has come to light that a national basketball academy has abandoned a federal lawsuit in Ohio filed against its former vice president. The suit alleged that the ex-VP used proprietary information to establish a rival program. The decision to drop the case came in…