In a world where artificial intelligence (AI) is progressing at an astounding pace, the arrival of ChatGPT in November 2022 has notably aroused interest and popularity within this dynamic sector. According to an analysis by Bricker Graydon LLP, ChatGPT, a natural language processing AI chatbot, is a product of OpenAI — a group known for…
Attorney Janathan Allen recently focused on the fundamental necessity of business succession planning in a podcast shared by Allen Barron, Inc. The link to the podcast can be found here. Succession planning, often neglected, is vital for any business. It provides a clear path on how operations should continue in the event of death or…
In early July, seven more Humira® (adalimumab) biosimilars, including a single interchangeable, joined Amjevita™ (adalimumab-atto) on the US market. Abrilada™ (adalimumab-afzb) remains the sole FDA-approved adalimumab biosimilar yet to be launched, despite predictions for an early release as of July 2023. The addition of these new biosimilars is poised to shake up the market considerably…
On August 2, 2023, the National Labor Relations Board (NLRB or the Board) made a significant decision in the case of Stericycle, Inc. that holds serious implications for employers and their ability to formulate workplace policies. This ruling overturned the earlier precedent that had given employers considerable leverage in establishing workplace policies. The NLRB, making…
In a noteworthy ruling, the English Commercial Court has denied recognition and enforcement of a California-seated arbitration award, opining that the enforcement would violate UK public policy. The Court stated this would be in direct conflict with principles outlined in the Consumer Rights Act 2015 (CRA 2015) and the Financial Services and Markets Act 2000…
In a recent turn of events, Judge Jeremy Kernodle of the U.S. District Court for the Eastern District of Texas has delivered a court’s decision in the Texas Medical Association case. The case challenged certain parts of a federal law known as the No Surprises Act, which primarily geared towards restricting health care providers from…
The Centers for Medicare & Medicaid Services (CMS) recently unveiled its proposed set of regulations concerning the Hospital Outpatient Prospective Payment (OPPS) and Ambulatory Surgical Center (ASC) Payment Systems for calendar year 2024. The proposals also encompass the Physician Fee Schedule (PFS), with all these officially known as the ‘Proposed Rules.’ The Proposed Rules represent…
In the wake of the recent Minnesota legislative session, employers with Minnesota-based employees can expect a number of changes in the state’s employment laws. These alterations could significantly impact their policies and procedures, therefore awareness and understanding of these changes is paramount. As reported previously on JD Supra, the new laws include a ban on…
In 1963, the Pennsylvania Supreme Court issued a ruling suggesting that an individual does not have an expectation of privacy when a private investigator follows and photographs them on the street once they have claimed personal injuries sustained in a car accident. The argument was that the claimant “must expect reasonable inquiry and investigation to…
In this recent episode of California Employment News, Meagan Bainbridge and Lukas Clary delve into the complexities surrounding the Professional and Administrative pay exemptions. These exemptions, found in both federal and state laws, are commonly used to exclude certain employees from overtime, meal and rest break, and minimum wage rules. These exceptions, often seen as…
The phrase “without merit” is frequently deployed in response to lawsuits, often as a knee jerk reaction. However, the implications of terming a lawsuit as “without merit” could be more substantial than initially expected, as illustrated in a recent case involving a public company and its CEO. The lawsuit revolved around securities fraud claims which…
The landscape of California employment law continues to evolve in nuanced ways, particularly in relation to Professional and Administrative pay exemptions. This is a topic that impacts numerous corporations and law firms as changes in exemption rules may influence employment contracts, employee classification, and overall business strategy. According to a recent podcast featured on JD…
In the expanding world of securities, it’s becoming increasingly important for professionals to review and verify statements, as demonstrated in a recent article by Ary Rosenbaum from The Rosenbaum Law Firm P.C. Away from traditional trading, a growing number of individuals, including our legal colleague Mr Rosenbaum, are finding appeal in brokerage accounts which allow…
On July 19, 2023, a lawsuit was instigated against a Utah-based fintech company by the Consumer Financial Protection Bureau (CFPB). The Bureau alleged that the firm, along with several of its affiliates, deceived consumers by obscuring the terms of its financing agreements, thereby violating the Consumer Financial Protection Act (CFPA) and the Truth in Lending…
In the complex field of personal injury law, sometimes the most challenging cases are those involving semi-truck accidents. Victims can often face considerable uncertainty on how to proceed. In the state of Florida, it is critical to understand that negligence of multiple parties may contribute to these cases. This article aims to shed some light…
In a notable turn of events, OpenAI’s top executives recently made several surprising admissions in a series of interviews. OpenAI’s head scientist, Ilya Sutskever, unveiled startling details about the development process of the company’s neural-net Artificial Intelligence technology to fellow scientist Sven Strohband. According to Sutskever, the emergent intelligence of his neural-net Artificial Intelligence (AI)…
For those closely monitoring the regulatory landscape, particularly in the realm of environmental law, it is crucial to understand the forthcoming changes disclosed by the United States Environmental Protection Agency (“EPA”). Recently, the agency published its Spring 2023 Semi-Annual Agenda of Regulatory and Deregulatory Actions (the “Agenda”), albeit somewhat later than expected. This comprehensive agenda,…
Two years back, the general counsel for the National Labor Relations Board (NLRB) issued a memo suggesting its primary focus would be on rigorous investigation of workplace policies that might unlawfully impede employees’ Section 7 rights under the National Labor Relations Act. It’s time for corporates and law firms to revisit their employee manuals in…
With rapid advancements in the digital world, cybersecurity has become more crucial than ever. Now, a new reality is taking shape in the corporate domain: the U.S. Securities and Exchange Commission (SEC), on July 26, 2023, has officially mandated the inclusion of cybersecurity disclosures for public companies. What does this imply? By this ruling, public…
As the extended 990-PF filing deadline draws near, private foundations operating on a calendar year accounting period should take note. It is imperative that the leaders of such foundations verify that they have complied with the 1.39% net investment income excise tax. Moreover, this should be accurately accounted for on the foundation’s 2022 tax return….
On July 26, 2023, the Securities and Exchange Commission (SEC) announced its proposed rules targeted at eliminating potential conflicts of interest among broker-dealers and investment advisors in their interactions with investors through the use of predictive data analytics (PDA) or artificial intelligence (AI). These rules fall under the Securities Exchange Act of 1934 and the…
The U.S. Small Business Administration’s 8(a) Business Development Program, used to aid small businesses in competing in the American economy and accessing the federal procurement market, could be impacted by recent U.S. Supreme Court decisions. The rulings pertaining to affirmative action programs in higher education admissions could have profound implications for racially conscious programs in…
In a recent case before the Supreme Court of New York, New York County, a significant ruling was handed down concerning an asbestos-related lawsuit. The plaintiff in the case alleged exposure to asbestos while working with, and around, boilers manufactured by the defendant, Burnham, from 1961 to 1999. The deciding judge in the case found…
The 2022 Annual Report from the Committee on Foreign Investment in the United States (CFIUS) disclosed crucial information about the year’s foreign investment trends. Here are eight crucial takeaways from the report: The Committee reviewed a record number of filings in 2022. This indicates an upward trend in foreign investment activity in the United States….
In a recent unsettling development, The Hartford Life and Accident Insurance Company has announced a crucial data breach that has potentially affected thousands of customers. The announcement came in the form of a formal notice of data breach filed with the Texas Attorney General on August 7, 2023. As explained by Console and Associates, P.C.,…