In an historic move, Republican Liz Murrill emerged victorious in the runoff election for Louisiana Attorney General, defeating her Democratic rival, Lindsey Cheek. Murrill’s ascent to office marks a significant milestone, as she is the first woman to hold the state’s AG position. Murrill, an experienced litigator of nearly 25 years, formerly served as the…
On 10 November 2023, an important development occurred within the legal context of the EU Council. This event marked the publication of the final compromise text of the political agreement in a directive amending the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS Directive. The intent behind these amendments revolves around the aim of…
In a recent development, the newly established California Office of Health Care Affordability (OHCA) has made further revisions to the proposed regulations for pre-closing reviews of health care transactions. This is preparatory to commencing advanced regulatory reviews of certain health care transactions, effective from January 1, 2024. The information was made known by Mintz –…
The Arnold Law Firm has initiated a federal lawsuit against Jacoby & Meyers, alleging the misappropriation of a tagline trademarked by the Arnold Law Firm. Notably, the dispute centers around what the Arnold Law Firm argues are similarities between the two firms’ marketing taglines, which could potentially create confusion among their clientele – all of…
Sandra Day O’Connor, a trailblazing figure in American jurisprudence as the first woman to sit on the US Supreme Court, passed away on Friday at the age of 93. According to a statement from the Supreme Court, she died from complications related to advanced dementia, probable Alzheimer’s disease, and a respiratory illness. O’Connor was nominated…
On July 1, 2020, the United States-Mexico-Canada Agreement (USMCA) was implemented, marking a pivotal moment in North American trade. A significant objective of this agreement was to provide the North American vehicle and parts industries with a competitive edge in a rapidly expanding global marketplace. As we enter into the fourth year of the agreement,…
In a recent development from the legal sector, businesses operating in New York State will soon be obligated to provide written agreements to numerous “freelancers”, courtesy of a newly signed law by Governor Kathy Hochul. This law, known as the “Freelance Isn’t Free Act,” is slated for enforcement beginning May 20, 2024. With the addition…
The Corporate Transparency Act, enacted as part of the National Defense Authorization Act for Fiscal Year 2021, serves as a vital piece of legislation that aims to prevent illicit activities like money laundering, financing terrorism, and tax fraud. It achieves this by augmenting the transparency concerning the ownership of corporations and other entities. Parties may…
As we round the corner into another festive season, health care providers prepare to traverse the familiar minefield of holiday gift-giving. The exchange of gifts is a longstanding tradition, one that can bolster relationships and foster goodwill. However, for health personnel, this can bring a unique set of compliance risks and potential regulatory quagmires. Gifts…
Despite being heavily criticized for her controversial public declarations and arguments, Professor Amy Wax still holds a position at Penn Law. Wax has previously garnered attention for her problematic ruminations about the superiority of white culture and the academic performance of African-American students, which she backed with misused citations and negligible evidence, notably referencing dubious…
It is with profound sorrow that we report on the passing of Justice Sandra Day O’Connor, the first woman appointed to the Supreme Court, a role in which she exemplified judicial independence, diligence and unwavering commitment to the rule of law. Believed to have died as a result of complications related to advanced dementia and…
The Legaltech Week panel is back from a Thanksgiving break, ready to dive into this week’s legal tech and innovation news. The show features a revolving panel of experienced journalists and bloggers, regularly discussing the top stories in the legal tech field. Today’s stories will be discussed live at 3 p.m. Those who are interested…
New York state has recently passed legislation, signed by Governor Kathy Hochul, aiming to bolster protections for freelance workers and those filing discrimination complaints, while modifying regulations surrounding settlement agreements in claims of harassment, discrimination, or retaliation. At the heart of this legislative evolution is the enactment of the Freelance Isn’t Free Act. The Act…
Canada and Google have reached an agreement that resolves a standoff over the Canadian government’s Online News Act, and that will lead to substantial financial support for Canadian news publishers. The Canadian federal government made the announcement on Wednesday, indicating a shift in Google’s initial stance of potentially removing all Canadian news content following the…
As reported by JD Supra, the Internal Revenue Service (IRS) announced plans on September 20, 2023, to establish a specialized division with a sole focus on large or complex transfer entities. The overarching objective is to drive enhancements in high-income compliance efforts with the assistance of sophisticated technology inclusive of Artificial Intelligence (AI). Thanks to…
The Corporate Transparency Act (CTA) has been a significant enactment in the field of corporate law and policy. Introduced as part of the Anti-Money Laundering Act of 2020, this statute has broad implications for corporate governance and the responsibility of companies. The act primarily targets smaller and unregulated companies, requiring them to file a report…
In a direct move to maintain transparency and honesty in marketing, the Federal Trade Commission (FTC) has sent firm warning letters to multiple stakeholders involved in social media influencing. These letters have been headed to two major trade associations and twelve health influencers who operate online, outlining that their recent behavior may be in violation…
In the wake of the 2022 baby formula shortage, which resulted from contamination issues, there has been a tremendous effort from both Congress and the Food and Drug Administration (FDA) to safeguard the integrity of infant formula supply chain and uplift product quality. This, undoubtedly, has a direct impact on corporations, particularly those operating in…
The US Department of Energy (DOE) has initiated efforts to thoroughly revise its Department of Energy Acquisition Regulation (DEAR). As conveyed via a notice of proposed rulemaking (NOPR) and requests for comments in the Federal Register, the comprehensive revision targets to update and streamline the regulation’s policies, procedures, provisions, and clauses. This move by the…
The U.K. government has unveiled a draft of the Short Selling Regulations 2024, which is set to replace the existing U.K. Short Selling Regulation. The prior regulation, initially onshored from the European Union, is due for repeal under the Financial Services and Markets Act 2023. This information comes to us via a new published draft…
The judiciary’s policy-making arm has scaled back its funding request as part of a negotiation process with Congress. Following a reduction of $184 million from an initial request of nearly $9 billion, the Judicial Conference’s Budget Committee conveyed to Congress that a decreased budget could ultimately result in negative impacts for defenders’ offices and infrastructure….
In a move that sparked interest among legal professionals and corporations dealing in energy both domestically and internationally, the IRS and Treasury recently released proposed regulations regarding Section 48 Investment Tax Credits. As you likely know, these regulations pertain to the Internal Revenue Code of 1986, which was designed to provide an investment tax credit…
The Federal Trade Commission (FTC) has recently issued a final rule amending the Standards for Safeguarding Customer Information, otherwise known as the Safeguards Rule. This amendment requires certain financial institutions to report data breaches, particularly those involving at least 500 consumers, to the FTC. In a continued effort to protect consumers, this measure is particularly…
Trailblazer Sandra Day O’Connor’s journey from a Texas cattle ranch to the nation’s highest court was not without its obstacles. Navigating a work world rife with gender discrimination, O’Connor overcame snubs from Big Law firms – firms that would rather see the Stanford Law School graduate take up a secretary role. It was in the…
The International Organization of Securities Commissions (IOSCO) released a report on November 16 advising nation-level financial regulators on how to approach crypto and digital asset markets. The initiative follows a rising tide of interest in cryptocurrencies and other digital financial instruments across the global markets. The report, formally titled “Policy Recommendations for Crypto and Digital…