The idea of borrowing against equity in a residential home through a second mortgage has been around for almost a century. However, the popularity of a home equity line of credit (HELOC) increased in the 1980s following the Tax…
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/ Consumer Protection, Finance & Banking, Real Estate - Residential
On July 24, Gov. Mike DeWine signed into law the Campus Accountability and Modernization to Protect University Students (CAMPUS) Act, which requires public and private higher education institutions to adopt and enforce policies…
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/ Civil Rights, Constitutional Law, Education Law
A federal judge in Texas has barred enforcement of the Federal Trade Commission’s (FTC’s) new regulations, which otherwise would have banned most non-compete agreements.
Holding that the FTC lacked statutory authority to…
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/ Administrative Law, Antitrust & Trade Regulation, Commercial Law & Contracts, Constitutional Law, Labor & Employment Law
Section 13(b)(2)(B) of the Securities Exchange Act of 1934 requires public companies to “devise and maintain a system of internal accounting controls.” In a recent opinion, a New York federal court rejected the Securities…
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/ Administrative Law, Science, Computers, & Technology, Securities Law
The Supreme Court of the United States (SCOTUS) recently issued two opinions that are likely to have a longer-term effect on the way securities industry matters are handled.
Juries, not the Securities Exchange Commission…
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/ Administrative Law, Civil Procedure, Commercial Law & Contracts, Finance & Banking, Securities Law
On July 11, 2024, the U.S. Court of Appeals for the Third Circuit held in Johnson v. NCAA, No. 22-1223, (3d Cir. July 11, 2024) that college athletes may be considered employees under the Fair Labor Standards Act (FLSA). College…
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/ Art, Entertainment, & Sports Law, Education Law, Labor & Employment Law
In the final days of the term that just ended, the Supreme Court of the United States (SCOTUS) issued two major decisions changing the federal regulation landscape – Loper Bright and Corner Post…
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/ Administrative Law, Civil Procedure, Constitutional Law
Certain Band-Aid bandages are the focus of a recently filed lawsuit. A complaint (filed in Moultrie, 3:24-cv-4757, (D.N.J. Apr. 10, 2024)) alleges that Band-Aid Flexible Fabric and Ourtone (BR45, BR55, and BR65) bandages…
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/ Consumer Protection, Health, Products Liability
On June 5, the United States Circuit Court of Appeals for the Fourth Circuit issued an unpublished opinion that provides a blueprint to insurance companies for handling bad faith claims. The Fourth Circuit held in Sellman v…
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/ Civil Procedure, Civil Remedies, Insurance
Many construction contracts call for disputes to be decided by arbitration under the auspices of the American Arbitration Association (AAA). In 2024, the AAA amended its rules governing AAA construction industry arbitrations…
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/ Alternative Dispute Resolution (ADR), Commercial Law & Contracts, Construction Law
The Financial Industry Regulatory Authority (FINRA) published guidance* to remind parties, attorneys, arbitrators, and mediators that the unauthorized disclosure of a Suspicious Activity Report (SAR) is a violation of federal…
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/ Alternative Dispute Resolution (ADR), Finance & Banking, Securities Law
On April 23, 2024, the Federal Trade Commission (FTC) issued its final rule banning non-compete provisions nationwide (the Rule). While the FTC contends that non-competes keep wages low, suppress new ideas and stifle the rights…
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/ Antitrust & Trade Regulation, Business Organizations, Commercial Law & Contracts, Conflict of Laws, Labor & Employment Law
States are taking varied positions on environmental, social, and governance (ESG) policies as a tool for investing and risk management. Many businesses have adopted ESG policies and states’ responses to this practice have become…
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/ Commercial Law & Contracts, Constitutional Law, Energy & Utilities, Environmental Law, Finance & Banking
Since the enactment of the Corporate Transparency Act (CTA), property ownership associations such as homeowner associations and condominiums (collectively, POAs) have struggled to understand their beneficial ownership…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking
The City of Pittsburgh, in an attempt to stem the tide of collapsing real estate tax revenues from downtown Pittsburgh commercial properties, is on the verge of passing an ordinance creating a tax exemption authorized by…
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/ Taxation
