Blank Rome LLP

Time to Review Your Severance Agreements

In August 2016, the SEC issued cease-and-desist orders against two different companies for using severance agreements which required exiting employees to waive their ability to obtain monetary awards under the SEC’s…more
| Business Organizations, Securities Law

New IRS Self-Certification Procedure Eases Complexity of Obtaining Waiver of 60-Day Time Limit on Rollovers of IRA and Employer Plan Distributions

Action Item: On August 24, 2016, the Internal Revenue Service (“IRS”) issued new guidance that allows individuals who inadvertently fail to complete the rollover of a distribution from an individual retirement account (“IRA”) or…more
| Labor & Employment Law, Taxation

Act Now to Avoid Proposed IRS Rules Which Would Eliminate Valuation Discounts for Intra-Family Transfers of Interests in Family Controlled Entities

Action Item: Owners of family businesses and investment entities (such as family limited partnerships, limited liability companies (“LLCs”), and corporations) are urged to consider making transfers of interests in those entities…more
| Business Organizations, Taxation

Cybersecurity, Cyber Insurance: What Fund Directors Need to Know

Cyberattacks are attempts by hackers to damage, destroy and/or steal data from a computer network or system. From 2013 to 2015, more than 153.6 million people had information stolen in cyberattacks involving companies such as…more
| Business Organizations, Privacy, Science, Computers, & Technology, Securities Law

Breaking News—New Jersey Supremes at Last Deliver New Jersey Developers a Win against the Insurance Industry, Finding Coverage Exists for Subcontractor’s Faulty Workmanship

Action Item: Developers and contractors, as well as commercial and residential property owners and occupants, must be aware of a recent New Jersey Supreme Court decision in Cypress Point Condominium Association, Inc. v. Adria…more
| Civil Procedure, Construction Law, Immigration Law

E-Discovery Search Methodology Cannot Be Forced Upon Producing Party

Action Item: Companies and individuals involved in litigation that includes e-discovery, should be aware of a decision last week by Magistrate Andrew J. Peck, whose e-discovery decisions are well-regarded in the legal community…more
| Civil Procedure, Electronic Discovery

New FAA Legislation Expands Safety and Security Programs and Provides New Authorities for Drone Operators

Action Item: On July 15, 2016, President Obama signed into law H.R. 636, the FAA Extension, Safety, and Security Act of 2016 (“the Act,” Pub.L. 114-190). The Act extends the authorization of the Federal Aviation Administration’s…more
| Transportation

CBP Announces the “JADE”—A New Enforcement Division for the Jones Act

Action Item: The creation of the National Jones Act Division of Enforcement (“JADE”) signals that U.S. Customs and Border Protection has made Jones Act outreach and enforcement a national priority. U.S. and foreign stakeholders…more
| Maritime Law

Augmented Reality Insurance Risks: Gotta Catch ‘Em All

The rising Pokemon Go sensation has dramatically increased the popularity of augmented reality games, but it has also brought with it increased risks and liabilities for both game users and developers alike. For those who don’t…more
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Pennsylvania Tax Amnesty Enacted

A new Pennsylvania tax amnesty program is coming. It was enacted as part of the state’s 2016–2017 budget process. Taxpayers with unfiled state tax returns or returns that need to be amended will be able to pay the tax and half…more
| Taxation

Tax Court Provides Extra Time for Snow Day

On June 2, 2016, the United States Tax Court issued Guralnik v. Commissioner denying a Motion to Dismiss for Lack of Jurisdiction the Internal Revenue Service (IRS) filed on the ground that the taxpayer’s petition was not timely…more
| Taxation

9th Circuit: Online Poker Accounts Not Reportable on FBAR

On July 21, 2016, the Ninth Circuit in United States v. Hom, No. 14-16214 D.C. No. 3:13-cv-03721-WHA (9th Cir. 2016), determined that a taxpayer who held an online poker account with PokerStars and PartyPoker was not required to…more
| Art, Entertainment, & Sports Law, Finance & Banking, Science, Computers, & Technology, Taxation

New OSHA Rule Creates Concern for Employers’ Drug and Alcohol Testing Policies

As we reported in May 2016, OSHA recently published a rule that phases in new requirements for employers. Certain portions of the rule that protect employees against retaliation for reporting injuries and illnesses are giving…more
| Labor & Employment Law

Pennsylvania’s 2016–2017 Revenue Budget Bill Includes Tax Amnesty and Extends Sales Tax to Digital Products

Action Item: A new Pennsylvania tax amnesty program is coming. It was enacted as part of the state’s 2016–2017 budget process. Taxpayers with unfiled state tax returns or returns that need to be amended will be able to pay the…more
| Taxation

Regulators' IM Crackdown May Increase Cyber Risk

In April, the Office of the Comptroller of the Currency issued a bulletin specifically aimed at banks' use of internal messaging software. The bulletin was issued to "remind" banks of their obligations related to the maintenance…more
| Finance & Banking, Privacy, Science, Computers, & Technology
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Contact

One Logan Square
130 North 18th Street
Philadelphia, PA 19103-6998, United States

  • 215.569.5500
  • 215.569.5555

Areas of Practice
  • Alternative Dispute Resolution (ADR)
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  • Appellate Practice
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Locations
Other U.S. Locations
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Other Countries
  • China
Number of Attorneys

400+ Attorneys

This profile may constitute attorney advertising. Prior results do not guarantee a similar outcome. Any correspondence with this profile holder does not constitute a client/attorney relationship. Neither the content on this profile nor transmissions between you and the profile holder through this profile are intended to provide legal or other advice or to create an attorney-client relationship.

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