The Canadian Securities Administrators (ACVM) have reported a general trend of increasing feminine representation on boards of directors in open corporations in Canada. In its ninth consecutive year of increase, the ACVM observes a progressing role and presence for women both at the helm of the board and in key, high-ranking positions. This information comes…
In a recent dispute, Polsinelli PC, a prominent national law firm, has filed a motion to dismiss an ex-partner’s sexual harassment lawsuit, alleging the claims are beyond the specified statutory obligations of Missouri law as dictated by her employment contract. The firm’s legal team stated that the accusations leveled by the ex-partner are both “legally…
The landscape of corporate and law firm risk management is consistently changing, requiring professionals to stay informed and adaptive. As raised within a recent publication by Ary Rosenbaum of The Rosenbaum Law Firm P.C., uncovered insights highlight an important facet of risk perception and management. Titled “ They won’t fear it until it happens,“, the…
On 26 October 2023, the Economic Crime and Corporate Transparency Act received royal assent. Shaped to tackle corruption, money laundering, and fraud, this new law is poised to have substantial impacts on businesses. Although full details of the law are currently not available, its advancements against economic crime are expected to bring about significant changes…
On October 26, 2023, in a significant evolution of labor law, the National Labor Relations Board (“NLRB”) issued a final rule that broadens the parameters regarding when an entity may be considered a joint employer of a group of employees. This rule, initially proposed on September 7, 2022, presents a revised standard for determining joint…
The Ohio Supreme Court is currently considering whether insurers are obliged to indemnify Sherwin-Williams Co., the paint manufacturer which, along with others, was found liable in a $409 million public nuisance case over lead paint. Lawyers on both sides have expressed concerns over the potential wider implications of the forthcoming decision. Earlier this week, the…
In a major development in patent law, the Patent Trial and Appeal Board (PTAB) recently upheld a ruling that all challenged claims of IGT’s patent were unpatentable as obvious over two prior art patents. This ruling was part of Zynga Inc. v. IGT, IPR2022-00199-32. It is highly significant because the PTAB, in defiance of IGT’s…
In a recent move by the Internal Revenue Service (IRS), new regulations concerning mortality tables for most qualified defined benefit plans have been published. These new rules, detailed in the 88 Fed. Reg. 72,357 (Oct. 20, 2023) are slated to take effect from 2024. On the same day, the IRS also put forth proposed regulations…
On October 10, 2023, the Securities and Exchange Commission (the ”SEC”) made a noteworthy amendment to their rules governing beneficial ownership reporting. As per the adopted rule amendments, investors who are mandated to file beneficial ownership reports under the Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 (the ”Exchange Act”) will be…
With ever increasing scrutiny on pay disparities, Colorado is taking a significant step towards ensuring pay transparency. On September 29th, Colorado’s Department of Labor and Employment released its proposed Equal Pay Transparency (EPT) rules. The aim is clear – clarifying the state’s mission to Ensure Equal Pay for Equal Work. Going into effect on January…
The past week has seen a series of pivotal legal cases unfolding in London, spanning a variety of industries and services. High-profile cases include accusations of commercial fraud against the now-defunct crypto lender Celsius and its CEO by a London-based venture capital firm. This case underscores the enduring global skepticism on the risks and governance…
In the past week, U.K’s legal scene has been abuzz with a number of significant lawsuits. Among the highlights, a London-based venture capital firm has levelled accusations of commercial fraud against defunct crypto lender Celsius and its CEO. Adding further intrigue, law firms Wiggin and Reynolds Porter Chamberlain face a lawsuit lodged by a man…
In a significant development, the United States has introduced a Visa Waiver Program for eligible Israeli citizens and nationals with immediate effect. This initiative allows individuals holding a biometrically enabled passport book to begin the necessary process for gaining authorization to travel to the United States. The authorization process is navigated through the US Customs…
Recently, the main suspect, Pedro Argote, in the high-profile murder case of Circuit Court Judge Andrew Fisher Wilkinson of Washington County, Maryland was found deceased. According to Above The Law, Judge Wilkinson was fatally shot in his driveway, an act the authorities believe was a “targeted attack”. Prior to Judge Wilkinson’s death, he had presided…
In a significant development for employers, the National Labor Relations Board (NLRB) issued a final rule on October 26, 2023, setting a new standard defining joint-employer status. This ruling clarifies that an entity can be a joint employer of another’s employees if it maintains authority to control essential terms and conditions of employment, an area…
The U.S. Department of State is slated to launch an anticipated stateside visa renewal pilot program, according to additional details revealed on October 18, 2023. The American Immigration Lawyers Association (AILA) released these details, showcasing the State Department’s focus on easing the process of H-1B nonimmigrant visas renewal for specific qualified noncitizens currently residing stateside….
In an unprecedented move, California Governor Gavin Newsom has endorsed a bill that restricts the use of four food additives. This novel legislation, the first of its kind in the United States, has caused a ripple effect within the food industry, resulting in subsequent pleadings for the U.S. Food and Drug Administration (FDA) to respond….
Beginning on January 1, 2024, the Occupational Safety and Health Administration (OSHA) will enforce a new mandate requiring employers in select industries to commence electronic filing of their Form 300-Log of Work-Related Injuries and Illnesses, as well as Form 301-Injury and Illness Incident Report. This obligation will apply predominantly to employers within designated NAICS classification…
Indonesia’s courier service, J&T Global Express Ltd, recently launched its initial public offering in Hong Kong, raising approximately $501 million in the process. Guided by law firm Latham & Watkins, along with seven other regional firms, this listing represents the city’s second largest this year. The leading listing remains with the $676 million listing of…
The Blue Cross and Blue Shield Association along with the Blue Shield of California have lodged a trademark infringement suit against Lorene Hackett, a woman living in Southern California. Hackett is accused not only of this, but also of the alleged incorporation of notable entities such as Fried, Frank, Harris, Shriver & Jacobson and a…
In the Centennial edition of the esteemed Radiology journal, two luminaries within the field of radiology provided their insightful prognostications forecasting the future of artificial intelligence (AI) and radiology informatics. Their essays stand as compelling and essential reading for legal professionals navigating the evolving regulatory and legal landscape affected by advances in medical technology. As…
An important ruling has recently been delivered in the $85 million patent dispute involving Dell Technologies Inc.’s spinoff, VMware Inc. A Delaware federal judge dismissed an appeal to halt the proceedings, thereby reinforcing the verdict rendered earlier in this case. This news underlines the complexity and potential ramifications of patent litigation, revealing how innovative approaches…
The European Central Bank (ECB) recently disclosed the findings from its second economy-wide stress test in September 2023, suggesting a rise in credit risks for European banks in tandem with the current climate transition. The report demonstrated that banks’ credit risks could potentially double by the year 2030 under a slower climate transition, significantly impacting…
In an unprecedented lawsuit settlement, a prominent Wisconsin-area auto group was fined $1.1 million by the Federal Trade Commission (FTC) on allegations of utilizing unfair and deceptive sales practices. This major fine was levied in response to claims of the auto dealer group systematically charging American Indian consumers higher interest rates for vehicle financing and…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently published General Licenses (GL) 8H related to the Russian Harmful Foreign Activities Sanctions Regulations, according to a recent update on JD Supra. This news pertains to Part 587 of the 31 Code of Federal Regulations (CFR) also known as the “RuHSR”….