Barring any unforeseen changes, the Corporate Transparency Act's (CTA) major reporting deadline arrives on January 1, 2025. The CTA requires all existing reporting companies (those entities formed prior to January 1, 2024) to…
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/ Administrative Law, Business Organizations, Finance & Banking
At long last and at the tail-end of what is on track to be the hottest summer on record, the Occupational Safety and Health Administration (OSHA) issued its first proposed heat standard on August 30, 2024. OSHA's Notice of…
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/ Administrative Law, Labor & Employment Law
On August 20, 2024, a Texas federal court judge issued an order halting the Federal Trade Commission's (FTC) non-compete rule, preventing it from taking effect on September 4, 2024. The order, issued by Judge Ada Brown, held…
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/ Administrative Law, Antitrust & Trade Regulation, Civil Procedure, Commercial Law & Contracts, Labor & Employment Law
During the 2024 legislative session, the State of Kansas enacted H.B. 2098, amending K.S.A. 79-3606 to include new Section 79-3606(uuuu). Section 79-3606(uuuu) provides a sales tax exemption for all sales of equipment,…
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/ Business Organizations, Communications & Media Law, Taxation
On April 23, 2024, the U.S. Department of Labor (DOL) issued a final rule which included a two-step raise of the federal minimum salary requirement for exempt employees under the Fair Labor Standards Act (FLSA). Beginning July…
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/ Administrative Law, Civil Procedure, Labor & Employment Law
On June 28, the Supreme Court released its opinion in Loper Bright Enterprises et. al v. Secretary of Commerce (Loper), which regulatory practitioners have been anxiously awaiting to see whether the Court would allow…
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/ Administrative Law, Civil Procedure, Constitutional Law
The U.S. Department of Labor (DOL) announced two settlements with major insurance companies this month that highlight the importance of employers avoiding the collection of group life insurance premiums from employees until the…
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/ Insurance, Labor & Employment Law
Colorado is the first state to enact a comprehensive artificial intelligence (AI) law to protect consumers against discrimination after a nearly identical bill failed to pass in Connecticut. The purpose of the Colorado…
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/ Civil Rights, Commercial Law & Contracts, Consumer Protection, Privacy, Science, Computers, & Technology
Erik Gerding, Director, SEC Division of Corporation Finance, issued a statement to clear up misconceptions following filing of an 8-K disclosing a cybersecurity incident…
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/ Business Organizations, Finance & Banking, Securities Law
On June 6, 2024, the U.S. Supreme Court, in Connelly v. United States, unanimously agreed that life insurance proceeds owned by a closely-held company should be included in the valuation of the company in determining the value,…
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/ Business Organizations, Taxation, Wills, Trusts, & Estate Planning
Each year, several thousand students transfer between high schools in Minnesota. Some of these transfer students participated in athletics or fine arts at their prior schools and wish to continue those endeavors at their new…
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/ Art, Entertainment, & Sports Law, Education Law
Consumer lenders face a rapidly changing legal landscape. States are increasingly targeting the activities of non-bank third parties in the consumer loan process and interest rate exportation by state-chartered banks. In the…
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/ Consumer Protection, Finance & Banking
Private Equity (PE) has been a popular and frequent target of the Biden Administration’s recent antitrust enforcement efforts. Earlier this year, the Federal Trade Commission (FTC) and Department of Justice Antitrust Division…
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/ Antitrust & Trade Regulation, Business Torts, Commercial Law & Contracts, Consumer Protection, Mergers & Acquisitions
The Consumer Financial Protection Bureau (CFPB ) has issued an interpretive rule stating that Buy Now, Pay Later (BNPL) loan providers are "card issuers" under Subpart B of Regulation Z and are thus subject to certain consumer…
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/ Administrative Law, Consumer Protection, Finance & Banking
Around this time last year, the 2023 Minnesota Legislature came to a close with the DFL trifecta-in control of both the House and Senate and the Governor's office. This trifecta declared a decisive victory by passing a slate of…
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/ Administrative Law, Elections & Politics
