On July 26, the Securities and Exchange Commission (SEC) announced a significant change in policy with the adoption of a new rule explicitly addressing cybersecurity risk management, strategy, governance, and incident disclosure. The move reflects increasing concern surrounding cyber threats and a push for proactive measures to safeguard public companies and their stakeholders. This rule…
In a world where social media influencers hold significant sway over consumer buying behavior, questions around the legal implications of their actions become incredibly pertinent. One instance, capturing recent headlines, emphasizes the potential for these influencers to incite chaos, manifesting in a public disorder situation. According to a jdSupra post, an influencer with 3.6 million…
In recent developments, the Internal Revenue Service (IRS) has increased its focus on detecting, investigating, and prosecuting fraud, with special attention dedicated to the Employee Retention Tax Credit (ERC) post-COVID. As reported by JD Supra, heightened scrutiny of ERC claims has culminated in these claims reaching the top of the IRS’s “Dirty Dozen” list of…
In a recent episode, Tom Howerton once again graced Jdsupra viewers with his insight, this time extensively treating the impact of NIST 800-53 Rev. 5 on organizational cybersecurity. This latest rendition of security guidelines issued by the National Institute of Standards and Technology (NIST) has expanded its sphere of influence to deal not just with…
Gilbert + Tobin, an esteemed Australian law firm, recently added a new member to its partnership fold. Drawing expertise from competitors, the firm has recruited a specialist renewable energy lawyer from Ashurst, highlighting an increased demand for professionals versed in the sectors of projects and infrastructure law. Although it’s not uncommon for legal firms to…
Early on Tuesday, global law firm Dentons announced a surprise de-merger from its mainland China branch, Dacheng Law Offices. Effective from this month, Dentons will no longer operate as a combined entity with Dacheng. In an email alert to its clients, Dentons attributed the split to “an evolving regulatory environment for Chinese law firms in…
In an ongoing discussion within the legal profession, it is being suggested that it may be time to cease the routine usage of the phrase ‘without merit’ in categorizing lawsuits. The matter has been brought to light in an opinion piece published over on Law.com. While it is common practice to dismiss a lawsuit by…
Two prominent U.S. law firms, Quinn Emanuel Urquhart & Sullivan and Fried Frank, have recently extended their remote work policies for their UK-based employees for the entire month of August. The decision highlights a continuing trend found mainly among U.S. companies, allowing staff greater flexibility during the summer months. Quinn Emanuel typically requires their employees…
In a recent development, Mishcon de Reya, a prominent law firm in London, experienced the departure of one of its partners who decided to join CMS, another reputed law firm operating out of the city. This event follows soon after Mishcon added two partners from Withers Hong Kong to its workforce back in June. Mishcon…
In harmony with the rising need for institutional integrity, businesses worldwide are seeking methods to foster a culture of compliance within their organizations. Legal professionals need to understand the six core principles for compliance incentives to inspire ethical business practices among their employees. Based on a piece by Thomas Fox, the Compliance Evangelist, these principles…
Global law firm CMS has witnessed a notable deceleration in its global revenue growth, according to a recent report. This news follows a period when the firm promoted a record number of partners across its global offices. This extensive growth initiative was part of a strategic effort to solidify the company’s footing in several international…
Renowned Hollywood producer Larry Kasanoff recently made an appearance on the Sunday Book Review, the Authors Podcast, to discuss his upcoming book, A Touch of The Madness. The episode provided key insights into crucial creative, as well as business, aspects within the film producing sector. The discussion, led by Tom Fox, covered an array of…
In today’s intricate business landscape, keeping up with continuously evolving compliance programs can be quite a challenge. As these complexities rise, so does the need for the use of advanced technologies. As reflected in a recent episode of the award-winning podcast ‘Data Driven Compliance‘, hosted by Tom Fox, data analytics and artificial intelligence (AI) are…
On August 1, 2023, the U.S. Environmental Protection Agency (EPA) declared the first set of product and service categories that were selected for the expansion of its Recommendations of Specifications, Standards, and Ecolabels for Federal Purchasing. The announcement plays a role in a more extensive effort that was previously declared last year to widen the…
Global law firm Dentons is reportedly ending its association with Beijing Dacheng Law Offices. This notable split comes as a response to China’s newly implemented data privacy and cybersecurity regulations. Notably, this association previously brought thousands of lawyers under the Dentons banner, significantly expanding its global reach and areas of practice. The shake-up in this…
The intersection of privacy law and trade secret law has become a complex battleground in recent years as companies increasingly collect and use data about their customers. With this scenario, compliance with both laws evolves into a critical challenge for enterprises aiming to protect their intellectual property and the privacy of their customers, as pointed…
In the latest developments within the corporate law sphere, Connecticut-based tech consulting firm Gartner Inc. has requested a federal judge to discard counterclaims raised in a contentious lawsuit. These counterclaims were presented by The Hackett Group Inc., with the accusation that Gartner Inc. has been unlawfully seeking out trade secrets. This move from Gartner Inc….
In accord with a recent ruling, a New York federal judge throws his support to a near $16.6 million arbitrated award issued to Acorda Therapeutics Inc. Acorda Therapeutics, the American biotechnology company based in Ardsley, New York, has been in dispute with Ireland’s global biopharmaceutical company, Alkermes PLC, consequent to a bone of contention revolving…
In a recent development, the Seventh Circuit has given the green signal for Nulogy Corp. to pursue its lawsuit against Deloitte. Nulogy Corp., a software company, alleges that Deloitte misused its proprietary information in collaboration with Menasha Packaging Co. The Seventh Circuit’s decision revitalises the lawsuit that had been initially lodged by Nulogy Corp., injecting…
Tesla Inc., the renowned electric vehicle company, has been accused of patent infringement. According to a recent filing in a Texas federal court on August 7, 2023, Graphite Charging Co., claims Tesla used their patented technology to develop their charging stations, related applications, and autonomous control systems. Graphite Charging Co.’s patents specifically cover inventions for…
In recent news, IP Data Co., a patent owner, accused Canadian e-commerce firm Shopify of initiating a ‘smear campaign’ by urging it to disclose more about its funding. The tech company has referred to the Shopify’s move as nothing more than an attempt for publicity. The controversy rose to prominence when Shopify demanded more transparency…
In an ongoing scrutiny of events surrounding the 2020 U.S. Presidential Election, former U.S. President Donald Trump has reportedly contested what he deems an overly restrictive protective order proposed by federal prosecutors. According to details available from a Law360 report, the proposed order pertains to the handling of sensitive discovery materials in a case indicting…
In an unexpected development, Dentons, one of the world’s most expansive law firms, has decided to terminate its merger with Dacheng, its mainland China arm. According to the details shared by Dentons with its clients during partner communications, the firm intimated that it will be “modifying its relationship with Beijing Dacheng Law Offices”. Under the…
In a move indicative of the ever-increasing importance of digital security, the Securities and Exchange Commission (SEC) has adopted final rules necessitating public companies to disclose substantial cybersecurity incidents. The rules also require these companies to provide pertinent information regarding their cybersecurity risk management strategy and governance structures. This development applies to firms that are…
Reliable legal news sets the tone for the start of a busy work week. A recommended morning read for Monday, August 7, 2023, focuses on a fresh compilation of news articles, insightful commentary, and other significant links specifically related to the United States Supreme Court. Of particular note is an intriguing article detailling Justice Clarence…