Akin Gump Strauss Hauer & Feld LLP

Iowa Modifies its Renewable Energy Tax Credit Regime

The governor of Iowa has signed into law House File 645 (the “Act”) modifying statutory provisions related to Iowa’s renewable energy tax credits, effective June 26, 2015. There are four primary changes, three of which are…more
| Energy & Utilities, Taxation

7th Circuit Opens Door to Data Breach Class Actions

On July 20, 2015, the U.S. Court of Appeals for the 7th Circuit issued an opinion that could dramatically change the class action landscape for companies that are victims of hackers. In Remijas v. Neiman Marcus Gp., the 7th…more
| Civil Procedure, Consumer Protection, Privacy, Science, Computers, & Technology

2015 Changes to Delaware Law Go into Effect

Amendments to the DGCL - Several significant amendments to the Delaware General Corporation Law (DGCL) were signed into law on June 24, 2015, and will go into effect on August 1, 2015. Most significantly, these amendments:…more
| Business Organizations

UCITS Remuneration Guidelines—Impact On US Managers

The European Securities and Markets Authority (ESMA) issued a consultation paper on 23 July 2015 in respect of the proposed guidelines on remuneration (UCITS Remuneration Guidelines) regarding the remuneration principles under…more
| Commercial Law & Contracts, Finance & Banking, Securities Law

Rebutting the Fraud-on-the-Market Presumption in Securities Class Actions: Halliburton Class Certified Over Price Impact Objections

On July 25, 2015, Judge Barbara Lynn of the Northern District of Texas issued a formative opinion in the class actions securities arena. The case, The Erica P. John Fund, Inc., et al. v. Halliburton Co., et al., No…more
| Business Organizations, Civil Procedure, Finance & Banking, Securities Law

Department of Labor Guidance Seeks Expanded “Employee” Classification of Workers

On July 15, 2015, the Department of Labor (DOL) issued an Administrator’s Interpretation (No. 2015-1) providing guidance on the classification of employees as independent contractors under the Fair Labor Standards Act (FLSA)…more
| Labor & Employment Law

IP Newsflash - July 2015 #3

DISTRICT COURT CASES - Expert Witness’ Flawed Infringement Opinion Supports an Award of Attorneys’ Fees - Defendants Six Flags Theme Parks Inc. sought an award of attorneys’ fees under 35 U.S.C. § 285 against…more
| Civil Procedure, Civil Remedies, Intellectual Property

FERC Eliminates Annual Retail Purchaser List Filing Requirement

On July 16, 2015, the Federal Energy Regulatory Commission (FERC) eliminated the requirement for certain public utilities, including regional transmission organizations (RTOs), independent system operators (ISOs) and exempt…more
| Energy & Utilities

SEC Solicits Input on Revising Disclosure Rules Regarding Audit Committees

In a Securities and Exchange Commission (SEC) concept release issued earlier this month, the SEC requested the public’s input on more than 70 questions surrounding the sufficiency of current disclosure requirements on audit…more
| Securities Law

FERC Staff Notice of Alleged Violations Accuses Columbia Gas of Failing to Publicly Post Notices of Auctions

On July 16, 2015, the Federal Energy Regulatory Commission (FERC) issued a staff notice of alleged violations (“Notice”) stating that its Office of Enforcement has preliminarily determined, in a nonpublic investigation, that…more
| Energy & Utilities

Small Wind Industry Given Grace Period for Compliance with IRS Engineering Standards

On July 14, the Internal Revenue Service (IRS) published Noticed 2015-51, which postpones the effective date of safety and performance standards mandated by Notice 2015-4. The standards in Notice 2015-4 originally applied to…more
| Energy & Utilities, Taxation

IP Newsflash - July 2015 #2

FEDERAL CIRCUIT CASES - The Federal Circuit Rules that the PTAB’s Decision to Institute a CBM Cannot Be Challenged in Court This week, the Federal Circuit decided Versata II, a companion case to Versata Development…more
| Civil Procedure, Intellectual Property, Science, Computers, & Technology

Lack of Bribery Act Awareness by One-Third of UK Small Businesses Poses Risk for Partners

A U.K.-government-commissioned survey of 500 businesses known as “small and medium sized enterprises” (SMEs) in the United Kingdom released in July 2015 found that more than one-third of the businesses had never heard of the…more
| Commercial Law & Contracts, International Law & Trade

Mexico’s Energy Industry - July 2015

On July 15, 2015, the First Tender initially published on December 11, 2014 (First Tender), came to a conclusion when the Comisión Nacional de Hidrocarburos (CNH) conducted the Opening and Presentation of Bid Proposals Ceremony…more
| Energy & Utilities, International Law & Trade

Sanctions Relief to Expect from the Nuclear Deal with Iran

On July 14, 2015, Iran and the P5+1 countries (China, France, Germany, Russia, the United Kingdom and the United States), with the High Representative of the European Union for Foreign Affairs and Security Policy, finalized the…more
| Commercial Law & Contracts, Elections & Politics, International Law & Trade
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