Webber Wentzel Dominates Africa Legal Awards 2023, Spotlighting Continent’s Legal Talents

The annual African Legal Awards ceremony is a prominent event in the global legal calendar, recognising the outstanding work conducted by legal professionals across Africa. This year, the awards highlighted both established firms and rising stars, with Webber Wentzel garnering the most accolades. Webber Wentzel, a South African law firm, proved to be the biggest…

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California’s Delete Act: Strengthening Data Broker Regulation and User Privacy Rights

The Golden State appears poised to make alterations to its existing data broker law with Senate Bill 362, informally dubbed the Delete Act (“the Act”). Following its recent approval in the Assembly’s Committee on Privacy and Consumer Protection, the Act has been passed on to the Assembly’s Committee on Appropriations. This imminent change in legislation…

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Policymakers Prioritize Drug Payment Reforms and Transparency to Alleviate Prescription Cost Burdens

In the escalating quest to address the increasing cost of prescription medications, it appears lawmakers’ spotlights have focused on the end consumer. The rallying call among policymakers has been a combination of measures aimed at simultaneously lowering drug prices while also providing consumers with more options for their out-of-pocket expenses. On this account, an increasing…

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NYSHRL’s Source-of-Income Discrimination Statute Deemed Unconstitutional: Implications for Equitable Housing Practices

In a significant recent decision, New York State Human Rights Law’s (NYSHRL) source-of-income anti-discrimination statute has been ruled unconstitutional. The ruling, in the case of People v. Commons W., LLC, throws a spotlight on the difficult equilibrium between promoting equitable housing practices and protecting constitutional rights. The source-of-income discrimination statute was formulated to ensure that…

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Whirlpool’s $11.5 Million Penalty Spotlights Corporate Responsibility in Consumer Safety

The Consumer Product Safety Commission (CPSC) recently announced that globally-renowned home appliances manufacturer, Whirlpool Corporation, has conceded to pay a hefty $11.5 million civil penalty. This substantial settlement arises from the CPSC’s charges asserting that Whirlpool deliberately did not promptly report, as mandated by law, that 17 models of their electric radiant heat cooktops had…

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Standard Insurance Suffers Major Data Breach Affecting Over 300,000 Customers

In a disturbing turn of events, late last month, over 300,000 customers of Standard Insurance Company were impacted by a data breach. The breach, centered on the MOVEit data healthcare transfer service, was revealed by Pension Benefit Information, LLC (“PBI”). The extent of information accessed by unauthorized parties is believed to include sensitive details such…

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Breaking Barriers: Black Professionals Championing Change in Private Equity and Finance

In an era where diversity and representation are paramount, we spotlight professionals making significant contributions to their sectors. In this installment, we focus on the narratives of black dealmakers and change makers in the private equity and financial community. The insights offered in this series serve to both illuminate the unique challenges faced by black…

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DOL’s Notice of Proposed Rulemaking to Expand Overtime Protections: Impact on Labor Costs and Strategies

In a move that came as significant, yet not unexpected, the Department of Labor (DOL) announced a Notice of Proposed Rulemaking on August 30, 2023, proposing to increase the Fair Labor Standards Act’s (FLSA’s) minimum salary threshold for white-collar overtime exemptions. This was reported by Kelley Drye & Warren LLP on their legal news page,…

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Implications of CFPB’s Section 1071 Final Rule: Exploring New Small Business Lending Data Regulations

As we traverse the labyrinth of legal regulation updates, it is essential to keep up with new mandates. One such significant update arrived in the form of the Consumer Financial Protection Bureau’s (CFPB) new small business lending data collection and reporting rule—Section 1071 Final Rule. Legal professionals worldwide, especially those working within large corporations and…

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SEC Awards $18 Million to Whistleblower: Enhancing Transparency and Integrity in Financial Markets

In an announcement made on August 25, 2023, the U.S. Securities and Exchange Commission (SEC) revealed its decision to grant an award exceeding $18 million to a whistleblower. The individual in question first reported misbehavior within their organization internally before providing key information and assistance that engendered a successful SEC enforcement action. The grant signifies…

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Drug Pricing Developments Unfold: CMS Guidance, Constitutional Challenges, and Legislative Efforts in 2023

With the turning of the midpoint of 2023, the arena of drug pricing sees an influx of developments. The Centers for Medicare & Medicaid Services (CMS) finalized its guidance to prepare for unprecedented price negotiations, putting a highlight on the initial 10 drugs covered under the Innovation and Regulatory Affairs (IRA). Meanwhile, the constitutionality of…

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Nevada Restaurants Face Employment Discrimination and Harassment Allegations: A Growing Concern for Hospitality Industry

Numerous restaurants based in Nevada are facing allegations of employment discrimination and harassment, according to a recently filed federal complaint. The suit, initially reported by Law.com Radar, highlights a growing concern over workplace equity and safety within the hospitality industry. Details about the identities of the restaurants involved, the nature of the alleged discriminatory practices,…

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SEC Chief Accountant Stresses Holistic Approach to Risk Assessment in Corporations

The U.S. Securities and Exchange Commission (SEC) Chief Accountant, Paul Munter, has recently issued a statement underscoring the importance of comprehensive risk assessments by auditors and management of companies. Munter’s spotlight on comprehensive evaluation expresses concern towards tendencies within companies to carry out risk assessments with a too-narrow focus on information and risks that directly…

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Generative AI Gains Traction at ILTACON 2023: Legal Professionals Engage with Innovative Technology

Last week, legal professionals from all over the world gathered in Orlando, Florida for the 43rd edition of ILTACON, one of the most prominent conferences in the legal tech industry. The event saw a significant turnout with about 3,400 onsite registrants, attesting to the importance and relevance of legal technology in today’s increasingly digital world….

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