June 18, 2025 On June 12, 2025, various divisions within the Securities and Exchange Commission (“SEC”) formally withdrew a number of pending proposed rules which would have affected investment advisers, investment companies,…
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/ Administrative Law, Finance & Banking, Securities Law
Sunnova files for bankruptcy on residential solar woes | Reuters -
On Sunday, June 12, the residential solar panel installer announced that it had filed for Chapter 11 bankruptcy, making it the second company of its kind to…
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/ Bankruptcy, Business Organizations, Civil Procedure, Energy & Utilities, Transportation
On June 11th, 2025, the Securities and Exchange Commission (the “SEC”), together with the U.S. Commodity Futures Trading Commission (the “CFTC”) further extended the compliance date for the amendments to Form PF (the “Form PF…
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/ Administrative Law, Finance & Banking, Securities Law
On June 4, 2025, the US Securities and Exchange Commission (the “SEC”) published a Concept Release on Foreign Private Issuer Eligibility (the “Release”) seeking comment on the eligibility criteria for companies to qualify as a…
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/ Administrative Law, International Law & Trade, Securities Law
On June 5, 2025, the U.S. Supreme Court issued a unanimous decision in Ames v. Ohio Department of Youth Services, holding that courts may not impose a heightened evidentiary standard on majority-group plaintiffs alleging…
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/ Civil Rights, Labor & Employment Law
The Department of Labor (“DOL”) recently issued Compliance Assistance Release No. 2025-01 (the “Release”), reversing previous guidance that cautioned plan fiduciaries offering investments in digital assets in…
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/ Administrative Law, Finance & Banking, Securities Law
On May 22, 2025, the House of Representatives passed by a one-vote margin the “One Big Beautiful Bill Act” (the “House Bill”), which has now moved to the Senate for consideration. This Memorandum discusses the House Bill’s…
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/ Business Organizations, International Law & Trade, Taxation
On May 15, 2025, the staff of the Division of Trading and Markets (the “Staff”) of the Securities and Exchange Commission (“Commission”) released responses to frequently asked questions (“FAQs”) relating to crypto assets and…
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/ Finance & Banking, Science, Computers, & Technology, Securities Law
Fifth Circuit holds six-month delay in ADA accommodation request was unreasonable -
The Fifth Circuit Court of Appeals in Strife v. Aldine Independent School District partially reversed the lower court’s dismissal of an…
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/ Business Torts, Civil Procedure, Commercial Law & Contracts, Labor & Employment Law
Interval funds and tender offer funds – closed-end funds registered under the Investment Company Act of 1940 (1940 Act) – are gaining appeal among alternative and private fund managers seeking to access the retail and retirement…
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/ Finance & Banking, Securities Law
In just under two weeks, the House of Representatives introduced, modified and passed the One Big, Beautiful Bill of 2025 (the “House Tax Bill”). This Memorandum addresses a new proposed tax on certain persons sending money…
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/ Finance & Banking, International Law & Trade, Taxation
Implant maker Exactech may conclude bankruptcy without TPG settlement | Reuters -
Medical implant maker Exactech adjourned its Chapter 11 plan confirmation hearing on Wednesday, delaying proceedings that would have protected…
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/ Bankruptcy, Business Organizations, Mergers & Acquisitions, Products Liability
Delaware has recently enacted two sets of amendments to the Delaware General Corporation Law (“DGCL”). One from 2024 is Senate Bill 313, which made explicit the right of a corporation to grant governance rights to a shareholder…
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/ Business Organizations, Commercial Law & Contracts
We have recently witnessed a noticeable lengthening of the time needed to close on an institutional investor’s fund allocation. Anecdotally, the typical time frame to close on an institutional investor allocation appears to have…
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/ Commercial Law & Contracts, Finance & Banking, Securities Law
On May 12, the Criminal Division of the U.S. Department of Justice (DOJ) issued a series of changes in its white collar enforcement priorities. These changes were announced in the Criminal Division Enforcement Plan, the Criminal…
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/ Criminal Law, International Law & Trade, Labor & Employment Law, Securities Law
