The SEC has withdrawn proposed rules captioned “Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8. In conjunction therewith the SEC announced “The Commission does…
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/ Administrative Law, Finance & Banking, Securities Law
On Wednesday, May 28, the U.S. Tax Court ruled in Soroban Capital Partners LP v. Commissioner that a "functional analysis" test applies when determining whether a limited partner who contributes services to a partnership may…
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/ Business Organizations, Taxation
As this year’s legislative session is wrapping up, two states, Virginia and Oklahoma, enacted legislation to reform their laws related to surcharges. May 2, 2025, Virginia Gov. Glenn Youngkin signed Senate Bill 1212 to amend the…
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/ Commercial Law & Contracts, Consumer Protection, Finance & Banking
On May 15, 2025, the Departments of Labor, Health and Human Services, and Treasury (the “Departments”) issued a statement of non-enforcement (the “Statement”) announcing that they will not enforce the 2024 Final Rule under the…
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/ Administrative Law, Health, Insurance, Labor & Employment Law
On May 20, 2025, the U.S. Equal Employment Opportunity Commission (EEOC) announced that the 2024 EEO-1 Component 1 data collection window is now open. The timeframe for covered employers to file the report is shorter than in…
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/ Administrative Law, Civil Rights, Labor & Employment Law
The SEC announced today that it will host a roundtable on June 26, 2025, to discuss executive compensation disclosure requirements. The roundtable’s agenda and speakers will be disclosed at a later date…
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/ Business Organizations, Securities Law
Most major universities have developed extremely lucrative business empires by exploiting the use of their trademarks and trade dress on apparel and merchandise, among other things. They have done so on the theory that the…
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/ Art, Entertainment, & Sports Law, Consumer Protection, Intellectual Property
Amongst the issues discussed in a Delaware Chancery Court opinion in a case captioned In re Plug Power Inc. Stockholder Derivative Litigation, was whether SEC comment letters formed a basis for a Caremark Claim…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Securities Law
Sweepstakes casinos have become a force in online gaming, offering casino-style games without navigating the complex regulatory scrutiny of gaming regulators or legislators. Sweepstakes casinos use creative business models,…
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/ Antitrust & Trade Regulation, Art, Entertainment, & Sports Law, Commercial Law & Contracts, Consumer Protection
On May 1, 2025, the Internal Revenue Service (IRS) released Revenue Procedure 2025-19, which provides the 2026 inflation adjusted limits related to Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs)…
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/ Finance & Banking, Health, Labor & Employment Law, Taxation
Govern Walz has signed legislation that includes the following changes to the Minnesota Business Corporation Act:
Provides that bylaws may address emergency powers of a corporation where it is impracticable for the…
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/ Business Organizations, Commercial Law & Contracts, Mergers & Acquisitions
In April 2025, both the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) announced significant changes to their supervisory and enforcement approaches, signaling a shift in…
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/ Administrative Law, Consumer Protection, Finance & Banking
Legislatures in several states have recently introduced bills that would require certain parties who submit Hart-Scott-Rodino (HSR) premerger filings to the federal government to provide that same information to the state. On…
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/ Administrative Law, Antitrust & Trade Regulation, Mergers & Acquisitions
On April 4, 2025, the California Department of Financial Protection and Innovation (DFPI) issued proposed regulations to implement certain aspects of the state’s Digital Financial Assets Law (DFAL), which establishes a licensing…
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/ Finance & Banking, Science, Computers, & Technology
As part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the SEC’s Division of Corporation Finance has provided its views about the application of certain disclosure…
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/ Securities Law
