On September 13, 2024, California’s Franchise Tax Board (“FTB”) released updated proposed regulations (“Draft Regulations”), which would amend the rules regarding market-based sourcing for sales other than sales of tangible…
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/ Business Organizations, Finance & Banking, Franchise Law, Taxation
On September 17, 2024, Governor Gavin Newsom signed AB 2602 into California law (to be codified at Cal. Lab. Code §927). The law addresses the use of “digital replicas” of performers. As defined in the law, a digital replica…
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/ Art, Entertainment, & Sports Law, Civil Procedure, Intellectual Property, Labor & Employment Law, Science, Computers, & Technology
On September 3, 2024, Senator Elizabeth Warren (D-MA) sent a letter to the Internal Revenue Service (the “IRS”) urging it to “increase enforcement scrutiny of REITs, especially large health and hospitality REITs that may be…
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/ Business Organizations, Real Estate - Commercial, Taxation
In a much-anticipated decision, the United States Court of Appeals for the Third Circuit recently held that unsecured noteholders’ claims against a debtor for certain “Applicable Premiums” were the “economic equivalent” to…
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/ Bankruptcy, Business Organizations, Commercial Law & Contracts
Last week, the Departments of Labor, Treasury, and Health and Human Services finalized regulations implementing the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA). Although the final regulations step back from…
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/ Health, Insurance, Labor & Employment Law
In a decision issued on September 16, 2024, the United States Government Accountability Office (“GAO”) ruled that federal contracting rules do not prohibit government agencies from requiring contractors to enter into labor…
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/ Administrative Law, Government Contracting, Labor & Employment Law
Last week, the SEC publicly announced a settled enforcement case against Keurig Dr. Pepper. The case focused on the company’s disclosure in its annual reports on Form 10-K on whether its K-Cup pods could (or would) be recycled……
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/ Business Organizations, Environmental Law, Securities Law
On September 12, 2024, the Regional Director for Region 22 (Newark) filed a complaint against Planned Companies, a building maintenance and services provider based in New Jersey alleging that its use of no-poach agreements with…
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/ Administrative Law, Antitrust & Trade Regulation, Labor & Employment Law
In an ongoing dispute commenced in 2016, the Eleventh Circuit for the second time in the lifetime of the litigation considered trade secret misappropriation and related copyright claims in a scraping case between direct…
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/ Civil Procedure, Business Torts, Intellectual Property, Science, Computers, & Technology
On September 6, 2024, President Biden signed an Executive Order on Investing in America and Investing in American Workers (the “Order”), that, among other things, aims to provide “incentives for federally assisted projects with…
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/ Administrative Law, Government Contracting, Labor & Employment Law
This post is an update of a previous post.
On 27 March 2024, government legislation (Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 (SI 2024/301), the “March…
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/ Business Organizations, Finance & Banking, Securities Law
The deadlines for filing and amending Schedule 13Gs are about to change, and regular 13G amendments will now be due on a quarterly basis instead of annually.
As we discussed in our alert last fall (available here), in…
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/ Business Organizations, Finance & Banking, Securities Law
In July 2024, the UK’s Financial Conduct Authority (“FCA”) published its “Quarterly Consultation Paper No. 44” (“Consultation”), which proposed introducing a requirement to provide criminal background checks on owners and…
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/ Administrative Law, Finance & Banking, Securities Law
California Climate Disclosure Laws – New Developments, Old Timelines -
The California legislature recently rejected Governor Gavin Newsom’s proposal to delay the deadlines to comply with California’s climate disclosure laws…
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/ Civil Procedure, Environmental Law, Finance & Banking
September 2024 AFRs and 7520 Rate -
The September 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.8%, a decrease from the August 2024 rate of 5.2%. The September…
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/ Business Organizations, Taxation, Wills, Trusts, & Estate Planning
