In response to the profound changes of today’s economy, the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) have jointly issued new draft guidelines regarding mergers on July 19. This move signals the ongoing evolution of these two influential agencies and their increasing focus on the dynamics of the modern market. JDSupra…
A refusal by a Pennsylvania federal court to diminish claims from a lawsuit against Takeda Pharmaceuticals and a number of generic-drug makers denotes an escalating issue concerning alleged anti-competitive behavior. These pharmaceutical companies have been accused of striking up exclusivity contracts aiming to delay competition for Takeda’s anti-gout drug, Colcrys. As a result, this controversial…
In recent years, the call for diverse representation in all sectors has gained significant traction. One such sector is legal professions, where clients are progressively seeking information regarding the culture of diversity at law firms. Certainly, it is increasingly evident that diversity information plays a vital part in earning business from clients. According to Lloyd…
In a move that is vital for legal professionals working in large corporations and law firms, particularly those concentrating in environmental and property law, the U.S. Supreme Court released an order that directly impacts the construction of energy pipelines across the country. The order, issued on July 27, nullified the U.S. Court of Appeals for…
Legal professionals should take note of the rising trend in the secondary’s market where loan participations have garnered substantial interest among clientele. A recent article published on JD Supra titled ‘Game On August 2023 – Participation Trophies: Documenting and Negotiating Loan Participations’ offers an insight into this growing development. This trend particularly stands out for…
In a recent development, the U.S. Geological Survey has raised alarms over the quality and sustainability of tap water in the United States. This study mentions that up to 45 percent of the water supply could possibly be contaminated with Per- and polyfluoroalkyl substances, also known as PFAS. Motivations behind the research include rising domestic…
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…
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…
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….
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…
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…
There has been a flurry of attention around the anticipated Corporate Transparency Act, slated to take effect from January 1, 2024. Nevertheless, despite the prevalent buzz, for many operational corporations in the U.S., the Act’s actual impact might be considerably milder than anticipated. This soft impact arises chiefly from the broad exemptions incorporated into the…
In a recent development, the deputy director of regulations and doctrine of the National Tax and Customs Directorate (DIAN) of Colombia issued an addition to the unified concept No. 106 of 2022 on July 18, 2023. This new decree further specifies the obligation to invoice the assignment of Exploration and Production (E&P) contracts. While full…
In a recent episode of the People Strategy Leaders Podcast, host Sri Chellappa speaks with special guest Tom Fox, Founder of the Compliance Podcast Network. Fox, with his impressive history as a General Counsel and Chief Compliance Officer spanning over 15 years, contributes key insights on igniting efficiency through a culture of transparency and open…
At the end of June 2023, the New York Department of Labor (DOL) issued final amended regulations to the state’s Worker Adjustment and Retraining Notification (NY WARN) Act. Reflecting the dynamic changes within the workplace and the legal landscape, these amendments mark an important shift for employers conducting mass layoffs in New York. The amendments,…
In the dynamic field of law, creating involved and comprehensive content is critical. This content not only helps law firms position themselves as thought leaders but is also an essential element in generating leads and demonstrating the firm’s credibility. Companies worldwide are seeing the value in these tactics, as seen in the article Way To…
The heated debate concerning the preservation of endangered species has taken a new turn with particular focus on the Oregon spotted frog. The cost attached to saving this species is staggering; approximately $2.7 billion over a span of 40 years to be exact, according to a report by Greenwire (subscription required). This cause may seem…
Recent discussions with Brian Goodrich and Katherine Skeele have highlighted the crucial importance of open engagement on LGBTQ+ issues within professional spaces, including major law firms. Holland & Knight’s Diversity Council and LGBTQ Affinity Group recently shared insights from these conversations, discussing their experiences with professional openness about their identities. In a video address, both…
As the end of the fiscal year approaches, followed by a multitude of decisions from National Labor Relations Board (NLRB), the spotlight falls on the highly-anticipated case, Stericycle, Inc., 372 NLRB No. 113 (2023). The August 1, 2023 decision has captured the attention of legal professionals worldwide not only due to its overturning of existing…
In a recent development, Tucker Ellis LLP has widened its presence in California through a merger with business litigation firm, Connor Fletcher & Hedenkamp LLP. This merger represents a significant strategic move for both firms, as it combines Tucker Ellis’ already extensive legal offerings with the specialized litigation focus offered by Connor Fletcher & Hedenkamp….
In a notable development, a Judicial Panel on Multidistrict Litigation has moved forward with consolidating 13 insulin price-fixing lawsuits. These cases also include future tag-along lawsuits from various states, counties, and private entities against three of the most significant global pharmaceutical corporations. This move arises from the allegations that these companies have excessively inflated the…