Despite a challenging start to the year, a substantial number of private equity (PE) firms are optimistic about an increase in technology-related mergers and acquisitions (M&A) over the next year. This sentiment, which contrasts significantly with the less sanguine outlook of their corporate deal-making colleagues, was highlighted in a recent survey last quarter. This suggests…
The Department of Homeland Security has taken a critical and continued step to mitigate labour shortages in seasonal industries, by choosing once again to dispense all of its 64,000 H-2B supplemental visas in fiscal year 2024. This decision, which fully utilises the discretionary cap mandated by Congress, echoes last year’s rule on discretionary visas and…
Pharmaceutical company, Gilead Sciences Inc., seeks to recoup over $4 million in legal fees accumulated by Usama Malik, the former chief financial officer of Immunomedics, a unit within Gilead. This repayment is associated with the legal cost that ensued during a federal investigation into alleged insider trading. Usama Malik, 48, was serving as the CFO…
The Federal Communications Commission (FCC) has initiated a draft Notice of Inquiry (NOI), aimed at investigating the potential effects of emerging Artificial Intelligence technologies on its mission to curb unwanted and illegal calls and texts, under the mandate of the Telephone Consumer Protection Act (TCPA). This is seen to be in line with the White…
Amazon, the global online marketplace, and Quincy Bioscience, a biotech firm, have united in their efforts to fight the sale of counterfeit goods. Specifically, they are targeting sellers peddling imitations of Quincy Bioscience’s brain health dietary supplement. This alliance marks another step in Amazon’s ongoing mission to eliminate the sale of counterfeit items within its…
There is an undeniable appeal in using popular culture references to parse through often complicated legal news. A case in point is Akerman LLP’s newsletter which has chosen to take a cheeky nod from the well-known Netflix series, Stranger Things, in titling their latest edition: “Explainer Things: Episode 10“. The newsletter clearly embraces the spirit…
In a recent episode of the podcast “The Briefing”, a case has been discussed where a tattoo artist has filed a lawsuit against Netflix. The artist claims the streaming giant displayed one of her tattoos in the series “Tiger King” without obtaining her prior consent. As notable litigation unfolds in this case, the potential impact…
Following the digital boom of recent years, where information rockets around the at an alarming pace, reputation management has become even more critical than ever before. In cases where false and defamatory content is publicly shared online, it can quickly reach and influence thousands, if not millions, within mere minutes. This rampant sharing can inflict…
In a notable development in the realm of copyright law, an unprecedented ruling has moved forward an artist’s copyright claim against Stability AI Ltd. The information comes courtesy of a recent article published on JD Supra. Over the past year, several groups of plaintiffs have lodged multiple copyright infringement lawsuits against companies responsible for the…
In October 2023, the Division of Enforcement of the Commodity Futures Trading Commission (CFTC) made an update with an Enforcement Advisory that clarified the Commission’s approach towards negotiated resolutions of enforcement actions. This information is reported by Jenner & Block, an established law firm. The implications of these updates are likely to be far-reaching and…
The state of California is taking measurable steps towards enhancing transparency within its venture capital (VC) industry. As documented by JD Supra, Governor Gavin Newsom officially signed Senate Bill 54 (SB 54) into law on October 8, 2023. The new mandates set within this law will commence on March 1, 2025, and will be applicable…
In a recent decision by a North Carolina Business Court judge, attorneys from Kilpatrick Townsend & Stockton LLP have been excused from their representation of technology company Innovare Ltd. This development follows the firm’s expression of the case’s representation evolving into an “unreasonably difficult” scenario. The company now faces a thirty-day deadline to secure new…
The EU Digital Operational Resilience Act (Regulation (EU) 2022/2554), more commonly known as DORA, proposes a regulatory framework to bolster the operational resilience of the financial sector. The key method to achieve this is the implementation of uniform requirements for the security of network and information systems. As an integral part of the EU’s Digital…
In recent legal news, Disney has urged a North Carolina federal court to dismiss a trademark lawsuit lodged by a shirt manufacturer. The entertainment giant’s defense hinges on asserting that due to its lack of direct business activities within North Carolina, the court should not have jurisdiction to adjudicate the case. Disney’s legal position signifies…
In a significant development for the Saudi Arabian business scenario, the General Authority for Competition (GAC) recently declared alterations to its merger control notification thresholds. They have introduced a new local nexus test and a minimum turnover threshold for the acquired entity. These changes come amidst GAC’s active role in merger enforcement, which includes newly…
In a significant move to maintain grid reliability amidst rapid nonsynchronous resource integration, the Federal Energy Regulatory Commission (FERC) issued Order No. 901 on October 19, 2023. This FERC order urges the North American Electric Reliability Corporation (NERC) to establish new or adjusted Reliability Standards tackling the reliability gaps related to inverter-based resources (IBRs) (Perkins…
As we discuss the trajectory of the Minimum Energy Efficiency Standards (MEES), introduced to improve energy efficiency in commercial and residential properties, it is important to note the evolving political landscape and its potential impacts. In September, Chancellor Rishi Sunak suggested a step back from the Government’s net zero policy and targets, a notable move…
In November, the U.S. NAV finance market saw significant developments that made this year particularly noteworthy. Analyzing the latest events, it’s clear that the dealings and conclusions from this month have shaped this year in a profound manner. Two weeks ago, the highly anticipated Cadwalader Finance Forum was held in Charlotte, providing industry professionals with…
Recent controversy has enveloped Mitchell Hamline School of Law over accusations of apparent institution support for antisemitism. Prompted by the school’s response to the Israel-Hamas war and a professor’s supportive opinion of Palestine on social media, the incident led to a resignation. Melissa Weiner, a partner at Pearson Warshaw and an adjunct professor due to…
The Colorado Department of Labor and Employment (CDLE) recently publicized proposed updates to its Equal Pay Transparency Rules (Updated EPT Rules). The rules, once implemented, should provide implications for an array of legal professionals in major corporations and law firms. As expected, the move follows the Colorado legislature’s recent amendments to the Equal Pay for…
In a significant ruling from the U.S. District Court for the Northern District of California, contentious AI training data usage found partial resolution. The case, Andersen et al. v. Stability AI et al., saw defendants largely favoured in a recent decision. The defendants’ motion to dismiss was largely granted by Judge William Orrick. This case…
Recently, an intriguing case in the realm of royalty payments unfolded. In Perdido Properties LLC v. Devon Energy Production Company et al., doubts were raised over whether an agreed judgment stipulating title and signed division orders are sufficient prerequisites to commence royalty payments. A digest of proceedings surrounding the case, which involves the addition of…
As global businesses continue to grapple with the challenges of sustainable economic development, many are looking to utilize tax incentives to boost their environmental-friendly investments. Recent seminars, such as those hosted by legal giant Allen & Overy LLP, have delved into this concept, laying out some key takeaways for corporations seeking to stay ahead in…
The cryptocurrency industry is facing one of its most consequential trials yet, following the criminal conviction of renowned entrepreneur Sam Bankman-Fried on seven counts of fraud and conspiracy, as reported by eminent journalists Emily Nicolle, Allyson Versprille, and Michael P. Regan on Bloomberg Law. Following the downfall of his FTX crypto empire, Bankman-Fried claimed to…
In a significant development, the Financial Action Task Force (FATF) has removed the Cayman Islands from its ‘Grey List’ for higher monitoring in anti-money laundering (AML) matters. The FATF made this announcement last Friday, marking a significant reversal in the Cayman Islands’ status and a consequential vote of confidence in its regulatory framework. Cadwalader, Wickersham…