The health care and FDA practice unit of Greenberg Traurig in Denver, Colorado has welcomed two new members to its team, Erin M. Eiselein and Anna-Liisa Mullis, who join the firm as shareholders. The news was announced by the firm on Thursday. Eiselein brings extensive expertise to the firm, providing advice on health care regulatory…
Addressing the conundrums arising from the entanglement of traditional knowledge and intellectual property (IP) rights, it’s worth understanding that this presents a noteworthy test for legal systems worldwide. On one side of the intersection, there lies the inestimable economic potential encompassed within traditional knowledge. This valuable asset consists of insights, practices, and the prospect for…
The Corporate Transparency Act (CTA) is ushering in a new era of accountability and transparency for corporations, particularly regarding the reporting of beneficial ownership. As per the final rule authorized by the Financial Crimes Enforcement Network (FinCEN), specific companies will be required to file beneficial ownership reports starting on January 1, 2024. This impending regulation…
In a significant legal shift, vocational training program Prehired will pay back a sum of $4.2 million and cancel any outstanding loans following a settlement reached with a bipartisan coalition of 11 Attorney Generals (AGs), in collaboration with the Consumer Financial Protection Bureau (CFPB). The conclusion of this dispute marks the resolution of allegations that…
In a recent turn of events, patent owners have filed an amicus brief in support of Cellect’s rehearing petition. This move comes on the heels of a significant U.S. Court of Appeals decision, with substantial implications on obvious-type double patenting (“ODP”). The precedential decision in question, arising from In re Cellect, ruled that when expiration…
In the rapidly changing legal landscape, corporations and law firms need to be aware of new developments—particularly if they involve labor laws. A recent article published on JDSupra predicts that retaliation claims will be even easier to allege in 2024, especially in California. For legal practitioners familiar with labor law, retaliation claims are among the…
Earlier today, the Committee on House Administration of the U.S. House advanced a series of election-related bills, set to reach the floor of the U.S. House. Notably, the proposed bills include a provision aimed at prohibiting “direct or indirect” contributions and expenditures by foreign nationals in connection with state and local issue referenda, along with…
On October 7, 2023, California Governor Gavin Newsom signed new bills into law that may create more regulatory burden and litigation risks for large corporations existing and doing business in California. This significant development came to notice broadly as the U.S. Securities and Exchange Commission (SEC) is still in its deliberative process on a federal…
The Internal Revenue Service (IRS) recently held a press conference where officials announced their plans to leverage artificial intelligence and other advanced technologies. The primary objective of this endeavor is to assist in detecting instances of tax evasion, specifically among high-income taxpayers utilizing large or complex pass-through entities. The IRS’s new strategy is groundbreaking in…
In today’s ultra-competitive legal landscape, the key to winning repeat business and fostering long-term client relationships often hinges on more than just providing exceptional legal service. A critical factor that often gets overlooked is client perception and emotional satisfaction. How valued clients feel can significantly influence their decision to stick around or seek services elsewhere….
In a significant legal development, Rent-A-Center, a dominant player in the rent-to-own industry, has agreed to shell out an $8.75 million settlement following allegations of consumer harassment. This case was initiated by Andrea Joy Campbell, the Massachusetts Attorney General. She alleged that Rent-A-Center, Inc. violated state consumer protection laws and debt collection regulations. The lawsuit…
Retired U.S. Supreme Court Justice Sandra Day O’Connor, the court’s landmark first female member, died on Friday at the age of 93, as confirmed by the court officials. Justice O’Connor’s remarkable legal career spanned 25 years, during which she was known for her position at the ideological center of the court. This central ideological positioning…
In a crucial decision that could potentially shape corporate governance practices in California, the state courts ruled that the director of a corporation harbors an obligation to disclose pertinent information while soliciting consents. This verdict is based upon the stipulations laid down by the California General Corporation Law, which sanctions shareholders to act via written…
International law firms have a significant influence in shaping emerging markets globally. As a consequence however, questions are arising over the impact of their rates and salaries. For instance, when big law firms dive into emerging markets, fluctuation in the rate structures and intricate shifts in compensation packages are recorded. But what does this mean…
According to a recent announcement from HM Treasury, a review of a current exemption for pension schemes has been launched. This exemption, applicable for a temporary period, falls under the purview of the U.K. EMIR, which stands for the onshored European Market Infrastructure Regulation. As part of this exemption review, HM Treasury has published a…
Retired U.S. Supreme Court Justice Sandra Day O’Connor, who made history as the first female member of the court, passed away on Friday, at the age of 93, as reported by the court’s official announcement. Justice O’Connor was renowned for her centrist stance and her position at the ideological heart of the court gave her…
When served a subpoena, the first instinct of many corporations may be to comply fully and immediately. After all, it’s a legal document commanding the business to produce documents or evidence related to a lawsuit or investigation. However, as legal professionals, it’s essential to understand that a subpoena isn’t a magical mandate that immediately requires…
The public comment period for the 2023 draft updates to the Merger Guidelines (“Draft Guidelines”), issued by the U.S. Federal Trade Commission and Department of Justice, has come to an end. The process has witnessed the submission of approximately 1,600 comments from various stakeholders. Due to the significant interest attracted by these guidelines, the comments…
Officials at the U.S. Securities and Exchange Commission (SEC) and Department of Justice are currently in the spotlight of a state-level inquiry into the federal bribery case against U.S. Senator Robert Menendez. Details of their involvement emerge from a conversation with individuals privy to the matter who revealed the state attorney general is spearheading an…
In an intriguing intersection of fiction and reality, lawyer Reece Hirsch of Morgan Lewis has demonstrated the profound impact that penning several thriller novels can have on deepening his legal practice. As an attorney in the privacy sector, Hirsch confirms that this unique hobby has rendered fresh perspective on his work, offering an enriched understanding…
As we welcome the first day of December, legal professionals worldwide are keenly following the happenings surrounding the Supreme Court. Here, we provide a succinct summary of relevant news articles, insightful commentaries, and other noteworthy links. Here’s what to know this Friday: The Supreme Court has been deliberating upon a series of cases related to…
As legal professionals, we strive to stay agile and sharp. When we discover an activity that not only serves as relaxation but also translates into enhanced professional performance, it’s worth sharing. Reece Hirsch, an attorney at Morgan Lewis, extols the benefits of his unusual pastime of writing thriller novels and its constructive influence on his…
For lawyers and law firms around the globe, affiliating with professional associations is common and sometimes regarded almost as a rite of passage in the field. These relationships, however, often don’t get evaluated for their actual worth. A crucial question that lawyers frequently neglect to consider is the tangible benefits derived from their memberships, specifically…
This week, a series of engaging developments in the realm of workplace pensions emerge from the driven team at Allen & Overy. Notably, these developments are tied to regulatory changes and new legal frameworks impacting pensions. The comprehensive update provided by Allen & Overy includes a range of topics beginning with the Autumn statement on…
In a recent development, a Danish law firm has been directed to pay a staggering €59 million due to erroneous tax advice furnished by one of its former legal counsel. The firm’s Chief Executive characterized the judgement as surprisingly severe. Sadly, further details of the situation remain obscured behind a paywall. Given the significant financial…