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New Board Will Create and Oversee Sustainability Disclosure Requirements

Amidst the many weighty matters discussed and debated at the recent COP26 climate conference, a major announcement with momentous potential effects on businesses may have gone unnoticed. The IFRS Foundation said at the...more

New Class Action Claims Non-Compliance with Mortgage Forbearance Mandates

Millions of homeowners have signed up for a forbearance under the CARES Act, which gives homeowners with a federally-backed mortgage loan the right to obtain a temporary reduction or suspension of mortgage payments by way of...more

Twitter Wins Dismissal of Defamation Suit in Florida Federal Court

A Florida federal court recently dismissed a defamation lawsuit brought against social media giant Twitter in a case related to documents allegedly obtained from President Biden’s son Hunter’s laptop.1  The plaintiff, John...more

Cyber Insurance Carriers, Increasingly Targeted by Hackers, Impose New Coverage Conditions

Insurers that offer coverage for cyberattacks find themselves playing both offense and defense lately. As they await possible action by Congress to enact federal cybersecurity legislation, the insurance industry has gone on...more

Federal Court Blocks Florida Law Aimed at Social Media Giants

A federal judge recently blocked a Florida law that would have penalized social media companies for removing, or refusing to publish, posts by politicians. Florida legislators approved the legislation after Facebook, Twitter...more

Industry Groups File Lawsuit Challenging Florida Social Media Law

On May 24, 2021, Florida’s governor signed into law legislation prohibiting social media companies from blocking political candidates seeking to use those companies’ websites to communicate with the sites’ users. Almost...more

Mortgage Brokers File Class Action Against Leading Wholesale Mortgage Lender

United Wholesale Mortgage (UWM), the nation’s largest wholesale mortgage lender, announced on March 4, 2021, that it would no longer do business with mortgage brokers who also worked with Rocket Mortgage (the online loan...more

NFTs: Unique Assets Spur Legal Questions of First Impression

Non-fungible tokens (NFTs) have gotten a lot of media attention of late, with breathless reports of multi-million dollar purchases of items one might never have expected to command such staggering sums. The objects sold have...more

The SPAC Era Is Upon Us, and Related Litigation Is on The Rise

Special Purpose Acquisition Companies (SPACs) have been in such widespread use over the last year or two that an uptick in SPAC-related litigation appears inevitable....more

Department of Justice Appeals Federal Court’s Decision on Constitutionality of COVID-19 Eviction Moratorium

On February 27, 2021, the Centers for Disease Control and Prevention (the “CDC”), the United States Department of Health and Human Services (the “HHS”), and the United States of America (collectively the “Government”)...more

Lehman Brothers Holdings Inc. Files New Adversary Proceedings Against Mortgage Brokers

If you thought Lehman Brothers Holdings Inc. (“LBHI”) was done suing lenders as a result of its settlements with RMBS trustees years ago, think again. ...more

Mixed Results for University Defendants in Latest Tuition Refund Suits

Two more university tuition refund cases were recently decided at the pleadings stage, with mixed results for the university defendants. The U.S. District Court for the Southern District of New York ruled in the matter of...more

As Florida Mulls New Privacy Protections, Facebook Takes Hit in Illinois For Biometric Data Collection

In one of the largest data privacy settlements ever, a California federal district court judge last week approved a $650 million settlement to be paid by Facebook to nearly 1.6 million Facebook users in Illinois. The...more

With Supreme Court Privacy Case Pending, Silicon Valley Weighs In

On March 30, the Supreme Court of the United States will hear oral arguments in TransUnion LLC v. Ramirez. This case marks the first time the Court will address the residual question in Spokeo, Inc. v. Robins — what about...more

The Fed Raises Concerns about Corporate Debt

We have previously written about the possible economic and litigation implications of mushrooming corporate debt. Now, the Federal Reserve has flagged some of those same concerns....more

ViacomCBS Seeks to Recover COVID-19-Related Losses from Insurer

Business interruption insurance claims keep coming, cutting across a broad array of industries. The entertainment and media sectors are certainly not immune from pandemic-related losses. Last month, ViacomCBS became the...more

Florida Proposes New Data Privacy Legislation

On February 15, 2021, Florida introduced House Bill 969, aimed at consumer privacy protection. A prior attempt last year by the Florida legislature to pass similar legislation failed to become law....more

Environmental Disclosure Issues Loom Large as Investors Pressure Companies to Address Climate Risks

As the real-life consequences of climate change accelerate and become more pronounced, so does the need for businesses and government entities to consider various practical effects. Corporations are facing significant...more

Universities Win Dismissals of Class Actions Seeking Tuition Refunds

COVID-19 class actions continue to increase and are expected to spread to additional areas of law. Higher education has been one of the prime subjects of class actions thus far. To date, over 250 class action lawsuits have...more

Incentivizing Employee Vaccinations: U.S. Businesses Seek Legal Guidance

More than 40 U.S. business groups, including the National Association of Manufacturers, National Restaurant Association, American Hotel and Lodging Association, and the U.S. Chamber of Commerce, requested on February 1 that...more

Considerations for Employers Considering "Mandatory" Vaccination Policies

A vexing question for many businesses is whether to make COVID-19 vaccinations mandatory for employees once those vaccinations become more widely available. Though the health and safety benefits of such a policy may seem...more

Student Loan Defaults May Spark SLABS Litigation

U.S. student loan borrowers owe approximately $1.7 trillion on their student loans. About 92% of that amount consists of federal student loans (debt owed to the U.S. government), with the remainder owed to a growing market of...more

Still Litigating the 2007-08 Financial Crisis: The Claims Keep Coming

One would think that, as we approach 2021, litigation related to residential mortgage loans originated and sold well over a decade ago would be ancient history. Nevertheless, some suits filed years ago remain active, and,...more

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