In an important notice for investment advisers, all individuals and firms subject to state registration, renewal, or reporting are required to have funded their Investment Adviser Registration Depository (IARD) accounts by December 11, 2023. These individuals should prepare for any sort of filing fees related to any state obligations. To ensure efficient processing, IARD has…
On October 31, 2023, a formal decision was published by the U.S. Government Accountability Office (GAO), stating that the Securities and Exchange Commission (SEC) had failed to adhere to the prescribed Congressional Review Act (CRA) procedures by issuing Staff Accounting Bulletin No. 121 (SAB 121) in 2022. This finding raised significant concerns among legal professionals…
Former Chief of the Organized Crime Section for the Eastern District of New York (EDNY), Jennifer (Sasso) Schubert, has recently taken her expertise to a trial boutique. Prior to leaving her position at the U.S. Attorney’s Office in Brooklyn, Schubert had been searching for her next career step. Her journey led her on a trip…
As we enter the third year of the ‘Latin America Focus’ empirical period, we grapple with the ongoing evolution of the landscape in the region, the progression of which can reveal both opportunities and challenges for enterprises at all scales – local, regional, and international. The optimistic growth enjoyed post-pandemic in 2022 has seen a…
On Monday, the Federal Circuit made a decision to reconsider the interpretation of critical terminology relating to a patent lawsuit brought against Viatris, a leading pharmaceutical company. The lawsuit pertains to a treatment for blood pressure, and the court has signalled the need for the reevaluation of additional evidence. This development came after a district…
In the rapidly-evolving landscape of artificial intelligence and copyright law, recent developments hint towards a potential solution from an unlikely source. The U.S. Copyright Office, on August 30, published a notice of inquiry and request for comments concerning the interplay between artificial intelligence (AI) and copyright law. The development follows an emerging concern in the…
A significant legal battle concerning gun rights and domestic violence restrictions is set to be heard before the United States Supreme Court. The case revolves around Texan, Zackey Rahimi’s challenge to the constitutionality of the federal law under 18 U.S.C. § 922(g)(8) which prohibits anyone subject to a domestic-violence restraining order from possessing a firearm….
Former Chief Trial Attorney of the US Army, Scott N. Flesch, has recently made a significant transition into private practice. Flesch has joined the government contracts counseling and litigation practice at Miller & Chevalier. During his tenure in the US Army, Flesch handled contract disputes litigation and administered proceedings before the Armed Services Board of…
In a recent development, a Texas federal judge granted a motion from the legal firm Lewis Brisbois, compelling a lawyer to respond to certain deposition questions related to a lawsuit. The suit alleges that the defendant took part in a conspiracy to infringe upon the law firm’s trademark rights, a claim the defendant has sought…
In a recent episode of On Record PR, Jennifer Simpson Carr interviewed Dr. Joel Davis Brown, the Chief Visionary Officer at Pneumos, LLC, discussing transformational leadership strategies. Pneumos, LLC is a management consulting and coaching firm working with notable clients including LinkedIn and the United Nations. Joel also carries the distinction of being a co-founder…
In a significant update to the regulatory framework related to corporate finance, the Fifth Circuit has ruled against the Security and Exchange Commission (SEC), directing the agency to revisit the cost-benefit analysis of its newly established stock repurchase disclosure rules. In the landmark case, Chamber of Commerce v. SEC, the court ruled on October 31,…
In a recent ruling from the Eighth Circuit Court of Appeals, a franchisor known as Breadeaux’s Pisa had its motion to stay pending arbitration denied. The court opined that the claims made by Breadeaux’s Pisa did not fall within the Federal Arbitration Act’s (FAA) mandatory stay provision. This decision reaffirms the court’s position on the…
In the rapidly developing landscape of American cannabis industry, the growth in the number of jobs and employment opportunities is staggering. Following the pre-2012 days of medical-only legalization, there were merely hundreds of jobs in the sector. Today, the industry has seen a substantial expansion with approximately 430,000 jobs created, despite the fact that the…
The advancement of carbon capture and storage (CCS) projects often touted as a pivotal solution in the fight against climate change are facing immense challenges, as brought to light by the recent termination of a key Midwest project. The large-scale Heartland Greenway project was developed by Navigator CO2 Ventures, a company backed by several significant…
Energy and infrastructure specialist, Greg Lavigne, has recently left his position at Allen & Overy to join Sidley Austin. Now operating as a partner in the energy, transportation, and infrastructure group, Lavigne is based in New York. His decision to move to Sidley Austin occurred only a few weeks following a significant merger approval between…
On October 31, The U.S. Food and Drug Administration (FDA) approved Amgen’s WEZLANA (ustekinumab-auub) as a biosimilar to and interchangeable with Janssen’s STELARA (ustekinumab). WEZLANA has become the first product to be granted approval as a biosimilar to STELARA. This news has created significant ripples in the pharmaceutical industry, given that biosimilars are expected to…
In a recent update from the USPTO Office of the Chief Economist, there has been a significant insight into patenting activity relating to COVID-19 technology diagnostics. The release date of this analysis was October 23, 2023. This report provides vital data for legal professionals with an interest or investment in intellectual property law, particularly those…
In a recent announcement, law firm Husch Blackwell LLP has declared a significant reinforcement to its intellectual property team. This follows the recruitment of an esteemed attorney formerly of Greenberg Traurig LLP, presenting decades of expertise in patent and trade secret litigation. This addition to Husch Blackwell is a strategic move to bolster their intellectual…
In a remarkable decision, the BVI Commercial Court awarded a US$178 million judgment to claimant Soemarli Lie in a lengthy and challenging shareholder dispute. Brought against Ng Min Hong & Success Overseas Finance Limited, the case was presided over by Justice Wallbank. The trial was a valuation assessment, which transpired on the 24-25 October 2023,…
Following the upheaval caused by the COVID‑19 pandemic, numerous parties and jurisdictions globally had to confront the tricky problem of how shutdown orders impacted their private contract rights. For legal professionals dealing directly with these matters, it is of utmost importance to be well-versed with the specific nuances of such contractual difficulties. In the state…
On November 3, a federal district court delivered a significant decision that projects an expansive interpretation of the term “patient” in the context of the 340B program. The decision came about in the case of Genesis Healthcare, Inc. v. Becerra, with the federal district court judge for the district of South Carolina ruling in favor…
In a pivotal decision, the U.S. Supreme Court refused to hear a petition this week from food equipment manufacturer, HIP Inc. The petition called upon the court to consider the question of a co-inventor’s contribution size and its significance in patent cases. With the court sidestepping its opportunity to provide further clarity on this issue,…
In a significant development in the public media sector, the former Deputy General Counsel at National Public Radio (NPR) is slated to assume the role of General Counsel at America’s Public Television Stations. The public media nonprofit membership organization confirmed this update recently and it goes into effect from Monday. The new General Counsel, whose…
Florida Senators Marco Rubio and Rick Scott have called upon the state’s three federal district court chief justices to impose disclosure regulations on foreign entities that seek to fund US legal proceedings. In a letter penned by the Senators, they argued that third-party litigation financing investments from international parties could leverage an excessive amount of…
California has recently taken significant strides towards regulating crypto activities with the enactment of the Digital Financial Assets Law (the “DFAL”) on October 13, 2023. Overseen by the state’s Department of Financial Protection and Innovation, the DFAL seeks to establish a meticulous licensing framework and ensure comprehensive regulatory supervision for all digital financial assets. Dedicated…