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A&O Shearman

Michigan District Court Declines Class Certification, Holding Defendants Rebutted Basic Presumption Of Reliance

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On September 30, 2024, the United States District Court for the Eastern District of Michigan denied class certification in a putative class action asserting claims under the Securities Exchange Act of 1934 against a mortgage...more

A&O Shearman

Northern District Of California Pares Claims In Putative Class Action Against Social Media Company

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On September 30, 2024, Judge Araceli Martínez-Olguín of the United States District Court for the Northern District of California granted in part and denied in part a motion to dismiss a putative class action asserting claims...more

A&O Shearman

The SEC Files Settled Complaint Against A Public Company Director For Allegedly Hiding Close Friendship With Company Executive To...

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On September 30, 2024, the Securities and Exchange Commission (“SEC”) filed a settled enforcement action against a former director of a public company (the “Company”) over claims that the director had failed to disclose his...more

White & Case LLP

Picking up speed on the road to carbon-neutrality

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The drive to achieve a carbon-neutral future is accelerating. Through the 2015 Paris Climate Agreement, nations committed to curbing climate change by limiting global temperature increases to no more than 2°C above...more

McDermott Will & Emery

ZuFinG II – Der nächste Schritt zur Stärkung des Finanzstandorts Deutschland?

McDermott Will & Emery on

Nach den ersten Schritten mit dem Zukunftsfinanzierungsgesetz („ZuFinG I„) legte das Bundesministerium der Finanzen am 27. August 2024 mit dem Entwurf eines Zweiten Gesetzes zur Finanzierung von zukunftssichernden...more

A&O Shearman

Zooming In on AI - #6: AI under financial regulations in the U.S., EU and U.K.

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Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more

Keating Muething & Klekamp PLL

NLRB General Counsel Expands Focus on Non-Compete Agreements and Stay-Or-Pay Agreements

This summer, eyes were focused on the Federal Trade Commission and its announced rule seeking to invalidate millions of non-compete agreements across the country. That rule was ultimately struck down in the Court, but federal...more

A&O Shearman

Federal Circuit Reverses Infringement And Willfulness Determinations And Finds Damages Verdict Improperly Relies On Entire Market...

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On October 2, 2024, the Court of Appeals for the Federal Circuit (“CAFC”) issued a precedential opinion reversing-in-part decisions from the United States District Court for the Western District of Missouri in Case No....more

Faegre Drinker Biddle & Reath LLP

The New Fiduciary Rule (50): What is a Best Interest Process?

If you study the rules of the various standard-setters, a pattern emerges about their expectations for the process for developing a best interest recommendation. The DOL and SEC are consistent in that regard, while the NAIC...more

BCLP

Why Can’t We Be Friends?

BCLP on

Recently, the SEC announced settled charges against a former chairman/CEO and director of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent director without informing...more

K&L Gates LLP

Navigating the New UAE Competition Law: Moving Towards EU Principles? Part 1 – Overview

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The United Arab Emirates (UAE) has embarked on a substantial transformation of its competition law regime, ushering in a new era of regulatory oversight. The enactment of Federal Decree-Law No. 36 of 2023 on the Regulation of...more

Latham & Watkins LLP

SGX RegCo to Incorporate IFRS Standards Into Mandatory Climate Reporting Rules

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On 23 September 2024, the Singapore Exchange Regulation (SGX RegCo) announced that it will begin incorporating the IFRS Sustainability Disclosure Standards (IFRS Standards) issued by the International Sustainability Standards...more

Clark Hill PLC

DraftKings Case Shows Limited Reach of California’s Noncompete Ban

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It is no secret that California is hostile to noncompetition (noncompete) agreements. As of Jan. 1, 2024, California employers cannot enforce nor enter into noncompete provisions or agreements with an employee or prospective...more

Baker Donelson

Best Practices for Protecting Operations from Vendor's Cyber Incidents

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In the aftermath of a vendor's hack that crippled an industry, ensure your business is up to date on best practices for mitigating the risks of third-party cyber incidents. Many businesses struggle to adequately consider the...more

WilmerHale

DOJ Announces Changes to Corporate Compliance Guidance Focused on Artificial Intelligence, Access to Data, and Whistleblowing...

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The U.S. Department of Justice (DOJ) recently updated the Evaluation of Corporate Compliance Programs (ECCP), which prosecutors use to assess the effectiveness of a corporation’s compliance program, in large part to address...more

Troutman Pepper

Fiserv Nets Special Banking Charter in Georgia

Troutman Pepper on

The Georgia agency approved the Credorax application, but card networks refused to work with that company, said James Stevens, co-leader of the financial services industry group at the law firm Troutman Pepper....more

Cooley LLP

SEC approves Nasdaq proposal related to bid price compliance periods and reverse splits

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In July, the SEC posted a Nasdaq rule change proposal to “modify the application of the bid price compliance periods where a listed company takes an action to achieve compliance with the bid price requirement and that action...more

Vinson & Elkins LLP

Why CAMT I Get Away From You: Losing Applicable Corporation Status Under the Corporate Alternative Minimum Tax

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On September 12, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued long-awaited proposed regulations (89 FR 75062) (the “Proposed Regulations”) on the application of the...more

Wilson Sonsini Goodrich & Rosati

Important Filing Deadline: The U.S. Corporate Transparency Act

As we approach the final quarter of 2024, we wanted to remind you of the rapidly approaching deadline for the new Beneficial Ownership Information (BOI) reporting requirements under the U.S. Corporate Transparency Act (CTA)....more

Jones Day

NDIL Launches Pilot Program to Encourage Individual Self-Disclosure of Organizational Misconduct

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The Development: On September 16, 2024, the U.S. Attorney's Office for the Northern District of Illinois ("NDIL") announced its six-month Individual Self-Disclosure Pilot Program for Organizational Misconduct ("Pilot...more

Thomas Fox - Compliance Evangelist

The Chemical Show: Leadership’s Role in Compliance and Safety Culture with Tom Fox

Learn more about the transformative power of compliance and data in today's business landscape with guest Tom Fox, President of the Compliance Podcast Network. Host Victoria Meyer delves into the evolution of compliance...more

Cooley LLP

A Company’s PR Firm Gets Rosy on Social Media, SEC Enforcement Ensues

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Recently, a company settled an SEC enforcement proceeding because a public relations firm managing the CEO’s social media accounts went rogue when it disseminated material nonpublic information. Here are a few random...more

Manatt, Phelps & Phillips, LLP

CA Climate Disclosure Mandates—Deadlines Hold and the Clock is Ticking

Even California’s “Climate Governor” had concerns about rushing hastily into California’s unprecedented climate disclosure mandate laws. So much so, he proposed a two-year delay in their implementation. The Legislature...more

Osano

[Webinar] The Privacy Pro Survival Summit - October 22nd, 9:00 am - 2:30 pm EST

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How's life as a data privacy professional? Are you thriving? Are you even surviving? Most privacy pros we know work hard to keep up with the latest regulations, an increasing volume of DSAR requests, and where data resides in...more

Shipman & Goodwin LLP

Conn. Court Split May Lead To Vertical Forum Shopping: A Law360 Article

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In Mallory v. Norfolk Southern Railway Co.,[1] the U.S. Supreme Court clarified last year that states can require foreign entities to consent to personal jurisdiction as a condition for doing business within their borders. ...more

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