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US Securities and Exchange Commission Approves Rules to Ease Investor Access to Exhibits in Company Filings

The SEC adopted rule and form amendments to make it easier for investors and other market participants to find and access exhibits in registration statements and periodic reports that were originally provided in previous filings. The…more

State AGs Ask Supreme Court to Spark Major Expansion to Scope of Federal Debt Collection Law

Should a full-service consumer finance company be subject to federal debt collection law when it attempts to collect upon debt it purchased? Attorneys general from Maryland, the District of Columbia, California, New York, and more than…more

FinTech Trends: Investment Opportunities, Regulatory Challenges and the Outlook for Mexico

1. What is FinTech? FinTech is the subsector of the financial services industry that employs new technologies not only to more efficiently deliver products and services but also to provide access to these services to underserved…more

OTA & Travel Distribution Update - March 17th, 2017

With my bracket totally blown by Villanova’s loss this afternoon, there is no time like the present to prepare this week’s OTA & Travel Distribution Update. This week’s Update features stories for everyone. ?Discounted OTA…more

ADA and Batman - by Robin

Recently, Ben Affleck stepped down from directing the new Batman movie to focus on his recovery following recent treatment for alcoholism. His reason for stepping down was due to his belief that he was unable to give the directing role…more

Renewable Energy Update - March 2017 #4

Renewable Energy Focus - PG&E expands renewables portfolio - Solar Industry Magazine - Mar 16 - Pacific Gas and Electric Co. (PG&E) has announced that 69.3% of the electricity delivered to its customers in 2016…more

A Pair of Unbrotherly Business Altercations Go to Trial

Like most civil cases, the vast majority of business divorce disputes get resolved before trial, which is disappointing for us voyeurs since only at trial with live witnesses undergoing cross examination does one get the full flavor of…more

SCOTUS Agrees that Cheerleading Uniform Designs Are Eligible for Copyright Protection

In a 6-2 decision authored by Justice Thomas, the US Supreme Court has now provided guidance as to whether aesthetic designs, such as stripes, chevrons, zigzags and color blocks of a cheerleading uniform are eligible for copyright…more

Supreme Court Decision Arms Clothing Designers with ‘Powerful Tool’

As a result of a recent Supreme Court decision, clothing designers are expected to have an easier time stopping others from copying their original designs. On Wednesday, March 22, the Supreme Court issued guidelines to determine…more

Europe: Combatting illegal pharma trade

We are delighted to announce the launch of our Combatting illegal pharma trade enforcement guide. This publication is a pharmaceutical industry-specific brochure which complements our suite of brand and trademark protection and…more

DJI Releases Report on Lifesaving Drone Operations

DJI, market leader in drones and aerial systems, released a new report, “Lives Saved: A Survey of Drones in Action,” on lifesaving drone operations using data collected from around the world. DJI reports that drones have helped rescue…more

Restaurant Chain Must Allow Employees to Wear Union Buttons

The National Labor Relations Board recently determined that In-N-Out Burger violated the National Labor Relations Act by maintaining and enforcing a work rule prohibiting employees from wearing any type of unauthorized buttons or…more

Corporate Investigations and White Collar Defense - March 2017

DOJ's New Guidance for Evaluating Corporate Compliance Programs - Why it matters: On February 8, 2017, the DOJ released, to little fanfare, a new guidance document entitled "Evaluation of Corporate Compliance Programs." The stated…more

A Time For Unity

Washington, D.C. based alumna Sarah Baker is on a break. For now, at least. Having worked from the Obama White House for the last five-plus years, she’s earned a little time to reflect and assess her options. And, given her only…more

SEC Adopts T+2 Settlement Cycle

On March 22, 2017, the Securities and Exchange Commission adopted an amendment to Rule 15c6-1(a) to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard…more

TC Heartland LLC v. Kraft Foods Group Brands LLC -- 98 Professors Chime In

As we reported last week, the Supreme Court will hear oral arguments in the TC Heartland LLC v. Kraft Foods Group Brands LLC case on Monday March 27. In that previous report, we covered the background of the case, and presented the…more

Cheering on the Fashion Industry: U.S. Supreme Court Issues Landmark Copyright Decision That Will Have Deep Implications for Fashion and Sports Industries

On March 22, 2017, the Supreme Court decided that federal copyright protection applies to cheerleading-apparel designs. The decision, which has far-reaching implications for the fashion and sports industries, sets a new and uniform…more

Sanofi and Regeneron Take Aim on Amgen IL-4 Receptor Patent

This week Sanofi-Aventis and Regeneron Pharmaceuticals took aim at Amgen’s U.S. Patent No. 8,679,487 on two fronts, filing a declaratory judgment action in district court and a petition for inter partes review in the U.S. Patent &…more

March 2017 UK Immigration Update

Changes to the immigration rules fulfill the Migration Advisory Committee’s previous recommendations. On March 16, the UK government announced changes to the UK’s immigration rules, implementing the final phase of changes…more

Trump’s Proposed EPA Budget Cuts Underscore the Role of Next Generation Enforcement

Proposal for dramatic reductions in EPA staff and budget could lead to uneven environmental enforcement as states, tribes and environmental groups fill the vacuum. Introduction - On March 16, Donald Trump’s administration…more

PEXA and e-conveyancing demystified for mortgagees - There is considerable confusion amongst mortgage lenders about the PEXA world.

There is considerable confusion amongst mortgage lenders about the PEXA world. In this report we try to simply describe the way forward. Yes, e-conveyancing cannot be ignored. From 3 April 2017, standalone mortgages in South Australia…more

What Does the Introduction of Mandatory Data Breach Notification in Australia Mean for You?

Australia's Data Breach Bill amends the Privacy Act 1988 (Cth) ("Privacy Act") and requires private and public organisations regulated by the Privacy Act to notify affected individuals and the Australian Information Commissioner of…more

US Securities and Exchange Commission Proposes Rule Amendments to Improve Municipal Securities Disclosures

The SEC proposed rule amendments to improve investor protection and enhance transparency in the municipal securities market. These proposed amendments are intended to provide timely access to information regarding certain financial…more

Allowability of Legal Costs

The next in our Infographics series walks through the allowability of costs for certain in-house legal services. It provides a quick guide to when a contractor’s legal costs may, and may not, be charged to the government…more

DTSA’s First Verdict “Fig”-ure: Jam’n to the Tune of $500,000

In little under a year after its enactment, a Federal Court jury in the Eastern District of Pennsylvania issued the first verdict under the Defend Trade Secrets Act in favor of the Plaintiff Dalmatia Import Group, Inc. The jury awarded…more

Star Athletica v. Varsity Brands, Inc. Copyright Case

Seyfarth Synopsis: On March 22, 2017, the United States Supreme Court issued its opinion in the Star Athletica v. Varsity Brands, Inc. case, affirming and holding that “a feature incorporated into the design of a useful…more

How Will Cap-Exempt Institutions Respond to USCIS’s Suspension of H-1B Premium Processing?

On March 3, 2017, U.S. Citizenship and Immigration Services (USCIS) unexpectedly announced that it will temporarily suspend its premium processing service for all H-1B petitions received on or after April 3, 2017. The premium…more

NC Legislative Update - March 2017 #4

This Week - The week began Monday evening with Gov. Cooper’s (D) State of the State address to a joint session of the North Carolina General Assembly. In his address Cooper outlined his goals for the direction in which he hopes to…more

EC Approves Amgen’s Biosimilar Adalimumab

Amgen announced yesterday that the European Commission (EC) has granted marketing authorization for AMGEVITA (biosimilar adalimumab) in all available indications, including certain adult and pediatric inflammatory diseases. AMGEVITA…more

Employment Authorization Issues Arising From Corporate Restructuring

American business experienced a near record number of mergers and acquisitions in 2016, and this trend is likely to continue in 2017. Such corporate transactions raise a number of legal issues, including employment issues. During its…more

Update: HHS Decides Appeals Backlog Rule

On January 17, 2017, HHS published a rule addressing public comments and finalizing changes to the Medicare benefit claim appeals processes that were proposed on July 5, 2016. Although there was initially some speculation regarding…more

A Reminder: The Domestic Worker Bill of Rights is Permanent

Effective January 1, 2017, Senate Bill 1015 removes the 2017 sunset provision of 2013’s Assembly Bill 241, the Domestic Worker Bill of Rights, which granted overtime protections to California’s privately hired domestic workers who are…more

What you need to know before Brexit gets underway this week

This Wednesday, the UK embarks on a journey not previously taken by any other EU Member State. The process for withdrawing from the EU, which will get officially underway following the UK's formal notification to the European Council…more

North Carolina Legislative Update, March, 2017 #4

This week at the legislature, Senate confirmations continued as rumors of another potential HB2 compromise swirled. Confirmations - Senate committees are continuing the process of confirming Governor Cooper's Cabinet members…more

DOJ Argues that CFPB Structure is Unconstitutional

On March 17, 2017, the Department of Justice (DOJ) filed an amicus brief in PHH Corp. v. CFPB, No. 15-1177 (D.C. Cir.), in which it argued that the Consumer Financial Protection Bureau’s (CFPB) single director structure is…more

To Seek Design Protection or Not, That is the Question!

While design patents are gaining wider attention—thanks in part to the highly-publicized litigation involving Samsung and Apple—they still remain an underutilized form of intellectual property (IP) protection.  This blog discusses the…more

Eleventh Circuit Affirms A Very Unhappy Unverdict Against Hip Manufacturer

A funny thing happened on the way to a defense verdict last year—after the jury decided that the defendant’s product was not defective, the MDL judge told the jurors that perhaps they did not “fully understand” and instructed them to…more

US Federal Reserve Board Will Not Object to Resubmitted Capital Plan from Morgan Stanley

The US Federal Reserve Board announced that it will not object to a resubmitted capital plan from Morgan Stanley given the progress made by the firm in addressing deficiencies identified by the Federal Reserve Board in last year's…more

Improper Purpose Frustrates Member’s Assertion Of A Proper Purpose

The inspection rights of members of California nonprofit mutual benefit corporations mirror those of shareholders of California corporations. Section 8333 of the Corporations Code provides that the accounting books and records and…more

Weekly Update Newsletter - March 2017 #4

SMALL BUSINESS ADMINISTRATION - Small Business Investment Companies: Passive Business Expansion and Technical Clarifications - The delayed effective date for SBA’s final rule on Passive Business Expansion and Technical…more

Chris Lazarini Comments on Covenant of Good Faith and Fair Dealing

Bass, Berry & Sims attorney Chris Lazarini commented on a case in which the plaintiff claimed Merrill Lynch acted improperly in selling shares held as collateral for a loan when plaintiff had not defaulted on the loan. The court denied…more

Corporate and Financial Weekly Digest - Volume XII, Issue 11

SEC Adopts Amendment to Shorten Settlement Cycle for Securities Transactions - On March 22, the Securities and Exchange Commission adopted an amendment to Rule 15c6-1(a) that shortens the standard settlement cycle for most…more

Supreme Court Finds Cheerleading Uniform Designs Copyrightable

On March 22, 2017, the Supreme Court held in Star Athletica, LLC v. Varsity Brands, Inc. that designs on cheerleading uniforms may be protectable under the Copyright Act. The Court's 6-2 decision, clarifying the protectability of…more

Through Rain, Sleet, or Snow: The USPS Delivers a Helpful Example of Well-Executed Employment-Related Internal Investigations

Remember when the U.S. Postal Service (USPS) conjured up images of disgruntled employees engaging in workplace violence? Those days of incidents, often sparked by employee discontent over unresolved labor grievances and…more

SEC Adopts T+2 Settlement Cycle and Hyperlink Requirement for Exhibits

The SEC recently adopted rule amendments to: - shorten the standard settlement cycle for most broker-dealer securities transactions to two business days following the trade date, or T+2; and - require registrants to…more

CSLB Releases New Forms and Announces New Fees!

The California Contractors State License Board (CSLB”) has issued new application forms. Effective May 1, 2017, the CSLB will only accept forms with a revision date of October 2017 (Pro tip: see bottom of form to verify it indicates a…more

Revisions to Companies Act (Cap.50) of Singapore - New requirements with effect from 31 March 2017

Service providers who used to face grouses or challenges when asked for details on companies’ shareholders and ultimate beneficial owners would now have an easily understandable and frequently-quoted legislation to point to when asking…more

What Does Snapchat Need to be Identified?

My daughter captured this striking photo on a recent trip to Times Square in New York City..…more

The ACA Survives…Again

We feel like a broken record, because we’ve said it before: the Affordable Care Act is still here. We said the same thing after each of two Supreme Court challenges to central portions of the law, both of which (in 2012 and 2015) fell…more

US Federal Banking Agencies Seek Comment on FFIEC 101

The US Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC issued a proposal to remove two items from Schedule B of form FFIEC 101, the report entitled Risk-Based Capital Reporting for Institutions Subject…more

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