A longstanding disagreement concerning the celebrated “Fearless Girl” statue in New York City is set to be settled in court in April 2024. This dispute involves State Street Global Advisors Trust Co., a major asset management firm, and the sculptor behind the esteemed structure. The litigious contention has arisen over allegations of contract breach and…
The U.S. Securities and Exchange Commission (SEC) is proposing amendments to a specific rule under the Advisers Act, touching those operating within the field of investment advising, according to recent reports. Targeting Rule 203A-2(e), or the “Internet Adviser Exemption,” the proposed changes aim to modernize the provisions. This rule provides an exemption to specific investment…
In a recent trial a Fulton County State Court jury unanimously concluded that a negligent staffing agency hiring a temporary forklift operator was responsible for a serious workplace injury of another employee. The jury returned a substantial $6.35 million verdict against the agency. Victorious plaintiff attorney R. Scott Campbell of the law firm Shiver Hamilton…
The Supreme Court has upheld a ruling from a federal appeals court which prevents the city of Tulsa from enforcing municipal ordinances against Native Americans. The unsigned order, which was passed without any public dissents, came as a refusal of the city’s request to suspend the appeals court’s decision whilst it launches an appeal. The…
In the present tough economic climate, many suppliers are experiencing stress that could potentially affect their performance and consequently, put their clients’ businesses at risk. These are among the topics covered in a recent video series titled “What to Do if Your Suppliers Are in Distress,” produced by the law firm Williams Mullen. The first…
Law firms Dentons and Venable LLP are boosting investments in intellectual property expertise, each expanding their respective practices on different coasts of the United States. The legal landscape consistently shows an increased demand for specialized counsel as businesses across industries grapple with protecting their intellectual property amidst rapidly evolving technology and regulations. As reported by…
In a major regulatory shift, the Occupational Safety and Health Administration (OSHA) has issued a final ruling, reviving an OSHA recordkeeping rule originally implemented under the Obama administration in 2016. This rule, which was subsequently rolled back by the Trump administration in 2019, involves certain classifications of employers in high-hazard industries. According to the detailed…
In an unprecedented turn of events, a state judge based in California was recently charged with the murder of his wife. Authorities found the judge’s wife fatally shot, initiating an investigation that culminated in the judge’s arrest. Detailed coverage of the case can be found on the site of Law360. The potential implications of this…
Former U.S. President Donald Trump is set to encounter a turbulent legal and election timetable in the upcoming year, according to a recent report by Law360. The ex-president, currently engaged in a political campaign for a second term, additionally confronts an uncertain legal future due to multiple court proceedings. Six separate civil and criminal trials…
Respected law firms Labaton Sucharow LLP, Quinn Emanuel Urquhart & Sullivan LLP, Andrews & Springer LLC, Robbins Geller Rudman & Dowd LLP and Friedman Oster & Tejtel PLLC are being celebrated in this week’s edition of Law360’s Legal Lions. Their accolade comes following their substantial achievement in securing a $266.7 million fee award in the…
Earlier this year, on July 12th, President Kassym-Jomart Tokayev of Kazakhstan has taken a definitive step towards ensuring the recovery of assets acquired illegally and hidden abroad. He has signed a new law, ‘On the return of illegally acquired assets to the state,’ and also made supplementary amendments to the country’s Code of Administrative Offenses,…
A recent decision by the National Labor Relations Board (NLRB) could have significant implications for employers and their HR policies, even in non-unionized workplaces. In a case decided on August 2, 2023, known as Stericycle, Inc., the NLRB has potentially changed the landscape of employment law by reversing a previous 2017 decision regarding the analysis…
The Federal Communications Commission (FCC) recently took a significant step in its ongoing efforts to enforce proper consumer data security in the telecommunications industry. The agency announced a proposed fine of $20 million targeting two affiliated mobile carrier companies for their alleged violations of FCC rules. The FCC says the companies in question failed to…
On July 31, 2023, in a noteworthy development in the banking sector and financial institutions, the United States Securities and Exchange Commission (“SEC”) circulated an alert detailing deficiencies in broker-dealers’ (“BD”) implementation of their Anti-Money Laundering (“AML”) and Countering Financing of Terrorism (“CFT”) controls. The directives were brought to light by the Department of Examinations….
The Directive (EU) 2021/2167, a regulatory framework targeting non-performing loans, is set to be implemented by Member States by 29 December 2023. Among these countries, Germany has already taken significant steps towards this goal with the publication of the draft bill of the Credit Secondary Markets Act (Referentenentwurf Kreditzweitmarktgesetz) on 20 July 2023. This proposed…
Bill C-47, a legislation reform with profound impact on pension plans, recently received royal assent on June 22, 2023. This marks a significant occurrence wherein numerous amendments to the Income Tax Act (Canada) (ITA) and its regulations (ITA Regulations) are now implemented as part and parcel of the 2023 Federal Budget. Specifically of note for…
Keeping up to speed with the rapidly evolving landscape of 340B cases across the nation can be a daunting task for even the most dedicated legal professionals. The complex and multifaceted nature of this litigation field, coupled with the sheer volume of cases, warrants a weekly update to help you stay informed. As a dedicated…
For non-lawyers in the construction industry, it’s essential to familiarize oneself with the basics of contract interpretation. This is a critical aspect of business operations, considering that every legal action is backed by legally-enforceable promises or contracts. A primer for any non-lawyer would essentially encapsulate the knowledge taught to first-year law students in the U.S….
The American Bar Association (ABA) has identified several issues that require attention in order to re-establish public trust in the judiciary. These include reconstructing a flawed judicial confirmation process, addressing instances of ethics missteps by the U.S. Supreme Court, and enhancing transparency and civics education. As stated in a recent piece on Law360, the ABA…
In the fast-paced world of business transactions, understanding the complex intersection of technology and the law is crucial. This is made evident by the technology, outsourcing, and commercial transactions team of Morgan Lewis, who often find themselves advising clients involved in transactions where intellectual properties are being transferred. Typically, these involve corporate transactions, cooperation and…
Although diversity, equity, and inclusion (DEI) efforts are being promoted across law firms and corporate legal departments, these initiatives appear to not be as effective as hoped for many Black women attorneys. An alarming proportion of these professionals have encountered or observed instances of discrimination or bias in their workplaces, as revealed by a recent…
Recently, the House Oversight and Accountability Subcommittee on Health Care and Financial Services hosted a hearing with the title “Hemp in the Modern World: The Years long Wait for FDA Action”. Described as a “first-of-its-kind”, this hearing took place in a small room in a House office building and offered a platform for lawmakers and…
The California Privacy Protection Agency’s (CPPA) Enforcement Division has taken up the mantle of scrutinizing data privacy practices by connected vehicle manufacturers and accompanying technologies. The CPPA, a body established by the 2018 California Privacy Rights Act, is chiefly engrossed in crafting regulations. This latest probe, however, signals the expanding scope of their remit. (Robinson+Cole…
In line with global efforts being made towards addressing climate change issues, Boston Mayor Michelle Wu, on July 31, 2023, has signed an executive order prohibiting the utilization of fossil fuels in new constructions and significant renovations of city-owned buildings. The news comes as an important step in diminishing the city’s carbon emissions despite the…
In its August 4, 2023 report, McDermottPlus Consulting updated on a variety of regulatory developments. Among the highlights, we see initiatives from Centers for Medicare & Medicaid Services (CMS) including the final FY 2024 Inpatient Prospective Payment System (IPPS) rule, a newly proposed Medicare Dementia Care Model, as well as the latest 2024 Medicare Part…