Each year, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) requires all holders of blocked property to submit an Annual Report of Blocked Property (“ARBP”) setting forth all blocked…
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/ Administrative Law, Finance & Banking, International Law & Trade
On September 9, 2024, the Securities and Exchange Commission (“SEC”) announced it settled enforcement actions against seven public companies for alleged violations of its whistleblower protection rule in their employment-related…
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/ Business Organizations, Labor & Employment Law, Securities Law
The 2023 Seward & Kissel Established Manager Hedge Fund Study (the “Study”) focuses on those Seward & Kissel investment manager clients that have been in business for at least 5 years and manage greater than $1 billion in…
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/ Administrative Law, Finance & Banking, Securities Law
Hertz Noteholders Land Win in Bankruptcy Interest Payoff Fight | Bloomberg Law -
On Tuesday, an appeals court ruled that car rental company the Hertz Corp, which emerged from bankruptcy in 2021, must pay over $270 million in…
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/ Bankruptcy, Business Organizations, Finance & Banking
Who may be interested: Investment Advisers -
Quick Take: The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule subjecting certain registered investment advisers (RIAs) and exempt…
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/ Finance & Banking, Securities Law
Who may be interested: Registered Investment Advisers, Registered Investment Companies, Compliance Staff -
Quick Take: The SEC recently announced a number of enforcement actions relating to recordkeeping failures,…
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/ Business Organizations, Finance & Banking, Securities Law
Owning an NFL team is no longer a fantasy. The National Football League (the “NFL” or the “League”) voted to allow minority stakes to be sold to private equity firms (“PE”). However, according to NFL.com, “an executive from a…
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/ Art, Entertainment, & Sports Law, Business Organizations, Finance & Banking, Taxation
On August 28, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule (the “Final Rule”) that subjects certain registered investment advisers (“RIAs”) and exempt reporting advisers (“ERAs”) to anti-money…
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/ Finance & Banking, Securities Law
Residential Solar Firm Lumio Files Bankruptcy, Plans to Sell | Bloomberg -
Privately owned provider of residential solar panels Lumio filed for Chapter 11 bankruptcy on Tuesday in Delaware with plans to sell its company to…
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/ Bankruptcy, Business Organizations, Finance & Banking
Who may be interested: Investment Advisers; Compliance Staff -
Quick Take: The SEC announced that it had settled charges against a registered investment adviser (Adviser) for failing to establish, maintain, and enforce…
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/ Finance & Banking, Securities Law
Big Lots bankruptcy reports send shares tumbling to record lows for Columbus retailer | The Columbus Dispatch -
Home goods retail chain Big Lots Inc. is considering filing for bankruptcy after years of decreased sales. The…
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/ Bankruptcy, Business Organizations, Civil Procedure
In a win for employers, the Connecticut Supreme Court defines “supervisor” narrowly for purposes of vicarious employer liability under Connecticut Fair Employment Practices Act -
Under Connecticut’s civil rights law, an…
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/ Business Organizations, Civil Rights, Labor & Employment Law
Who may be interested: Registered Investment Companies; Boards of Directors; Investment Advisers; Compliance Officers; Fund Administrators-
Quick Take: In its August 28, 2024, open meeting, the SEC amended fund reporting…
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/ Finance & Banking, Securities Law
The Internal Revenue Service (“IRS”) recently finalized Treasury Regulations (the “Final Regulations”) and published two notices and a Revenue Procedure (the “Transitional Guidance”) for broker reporting of certain…
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/ Finance & Banking, Science, Computers, & Technology, Taxation
Who may be interested: Board of Directors; Registered Investment Advisers; Registered Investment Companies; Broker-Dealers; Transfer Agents; Compliance Staff -
Quick Take: The SEC announced that it settled charges against a…
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/ Business Organizations, Finance & Banking, Securities Law
