On July 26, 2023, an open meeting held by the Securities and Exchange Commission (SEC) resulted in the adoption of final rules that aim to enhance and standardize cybersecurity disclosures by public companies. This development indicates a significant shift in regulatory focus towards improving transparency in the cybersecurity realm. According to a report by legal…
In an undisclosed deal, e-discovery and legal services provider Consilio is acquiring two prominent UK companies, Lawyers On Demand (LOD) and SYKE, a legal tech consultancy. This acquisition is not only expected to boost Consilio’s presence in the United Kingdom but is also set to expand the company’s ELS, Enterprise Legal Services operations, across Europe,…
Legal professionals and corporate stakeholders have turned their attention to California as a series of significant legal updates have recently come into effect. Of particular interest is the change in enforcement start date for the California Consumer Privacy Act (CCPA), along with two new ordinances for Los Angeles businesses. For those unaware, The CCPA imposed…
The escalating influence of artificial intelligence, particularly Generative AI (GenAI), is forecast to disproportionately impact women and diverse groups through job losses in the coming decade. This trend is expected to intensify through to 2030, as reported last week by the McKinsey Global Institute. Numerous office support, customer service, and food services positions, which are…
In a recent move, the Court of Appeal of Florida, First District, reversed a decision to grant summary judgment in favor of a brake manufacturer in a case surrounding asbestos-induced mesothelioma. The plaintiff, representing the estate of the late Joan Smith, argued that her mesothelioma was caused by secondary exposure to asbestos through laundering her…
In a recent webinar series focused on State Attorneys General (AGs), the spotlight moved west past the Great Plains to the Rocky Mountains in Colorado. Insights into consumer protection and legal practices came from Colorado’s Attorney General Phil Weiser and Deputy AG for Consumer Protection, Nathan Blake. The dialogues spanned various topics such as office…
In an unexpected turn of events, The Washington Post uncovered on July 13, 2023, that the Federal Trade Commission (FTC) has issued a Civil Investigative Demand (CID)—which acts much like a pre-litigation subpoena—directed at OpenAI, LLC. This company is a renowned developer of technologies like ChatGPT and DALL-E. This surprising news has reverberated throughout the…
The Federal Court has recently delivered a verdict dismissing an effort by non-governmental organizations (NGOs) to rescind ministerial approval of a notable offshore oil and gas project. The NGOs claimed that the approving minister did not consider downstream emissions and marine shipping hazards in the approval process. This highlighted case suggests NGOs’ increasing utilization of…
On July 26, 2023, The Consumer Financial Protection Bureau (CFPB) issued its Summer 2023 Supervisory Highlights, as recounted on JD Supra. It describes key findings and unprecedented violations identified during examinations conducted between July 2022 and March 2023. The report has caught the attention of legal professionals and corporate entities engaged in the finance field…
As many legal professionals closely monitor ongoing international trade disputes, one pressing issue continues to dominate legal and political headlines. The European Union (EU) and the United States (US) remain at odds on policy approaches regarding the steel and aluminum industry due to disagreements anchored in Environmental, Social, and Governance (ESG) concerns, more particularly the…
On July 25, 2023, an important decision took place in the United States District Court for the Southern District of New York. Judge Jed S. Rakoff dismissed a motion to dismiss a putative securities class action, involving an online food ordering and delivery platform, known merely as “the Company”. The allegation stems from violations of…
The U.S. Securities and Exchange Commission (SEC) has implemented a significant new policy regarding cybersecurity disclosure requirements, according to a recent report. As of July 26, 2023, all public companies that fall under the reporting obligations and handle data collection or processing are subject to the rule. This rule, named the Cybersecurity Risk Management, Strategy,…
CBIZ, Inc, a renowned provider of professional business services in the United States, has recently announced the acquisition of American Pension Advisors, Ltd, as per JD Supra. The acquisition is a strategic move that further strengthens CBIZ Inc’s presence in the pension advisory sector, showcasing the firm’s commitment to reinforcing both its market leadership and…
In recent years, Australia’s housing crisis has grown to more than just a national concern. The issue, which appears to have been seeding over several generations, showcases severe symptoms that are both painfully obvious and difficult to address. The imbalance between supply and demand is widening, with supply-side problems accentuating the disparity. The international law…
In a noteworthy development from the world of law, Osler, a leading Canadian law firm, has appointed a new co-chair from its Toronto Mergers and Acquisitions (M&A) division. Notably, alongside this significant change, the firm has also welcomed new partners into its Intellectual Property (IP) and real estate divisions, showing a clear commitment to expansion…
In a significant move by the US Senate, an amendment has been approved to the National Defense Authorization Act, introducing mandatory notifications for specific outbound investments directed towards certain countries, amongst them the People’s Republic of China. This development follows a defined scope articulated by the Congress to reimagine the procedures. The implications of this…
In an ongoing development within the U.S. legal and political scene, Congressional Republicans are presenting a notably more concentrated emphasis on the procedures of gift and contract disclosures from international donors, specifically under the auspices of Section 117 of the Higher Education Act of 1965, 20 U.S.C. §1011f (hereafter referred to as “Section 117”). As…
In today’s digital age, email no longer holds a monopoly on business communications. Workers across the globe are increasingly leveraging devices and applications such as texts, WhatsApp, Slack, Teams, and countless other tools to communicate with coworkers, clients, and prospects. This shift has certainly expedited communication and improved the fluidity of team collaborations, but it…
In the ongoing legal landscape, employers who choose to exclude coverage for gender affirming care in their health plans may find themselves facing significant risks. This is in light of recent court rulings and legislative movements. In recent years, there has been a surge of cases pertaining to the delivery of and payment for gender…
In this week’s Food Venture Financing News, Flora Ventures, an Israel-based VC firm, established by an erstwhile executive of Mondelēz, announced that it has raised a significant $50 million in funds. This is a strategic move aiming to lend support to budding startups that are making waves in the domains of food security, sustainable agriculture,…
The Centers for Medicare & Medicaid Services (CMS) announced on July 31, 2023, a new payment model destined to improve dementia care and provide better support for unpaid caregivers, named Guiding an Improved Dementia Experience (GUIDE). This initiative has been designed keeping in mind health care providers who furnish dementia care, as it aims to…
In response to recent technological threats, such as the Colonial Pipeline ransomware attack, The Department of Homeland Security’s Transportation Security Administration (TSA) has issued a revised directive addressing pipeline security, named SD-Pipeline-2021-02D (the Directive). The newly introduced directive replaces its predecessor, SD-Pipeline-2021-02C, adding to the growing series of amendments in this sphere. These changes introduced…
In a recent ruling by the U.S. Court of Appeals for the Federal Circuit, it has been determined that a claim to a treatment method for pulmonary hypertension cannot be invalidated for lacking enablement or written description. The case at hand is United Therapeutics Corporation v. Liquidia Technologies, Inc. The court declared that the claims,…
In a recent legal update, an advisory jury’s extensive front pay award in a retaliation case has been dramatically cut down by the presiding judge in Idaho. As reflected in a case reported by JD Supra, the compensation originally stood at a hefty $1.65 million. Classified as an “advisory jury award”, this legal term is…
Good day to our esteemed readers. In today’s financial regulatory rundown, the Federal Financial Institutions Examination Council (FFIEC), working on behalf of its members, recently announced updates to six critical sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual. Let’s take a closer look. The noteworthy policy adjustments and emerging regulatory trends reflect the FFIEC’s…