Proposed regulations (the “Proposed Regulations”) recently published by the Secretary of the Treasury under the Corporate Transparency Act (the “CTA”) make it clear that reporting under the CTA is imminent for owners of closely-held businesses.
A claim under a business-to-business contract was dismissed this week when Delaware’s Chancery Court held that, under an earlier agreement between the parties, the dispute had to be brought in a different Court. Centene Corp. v. Accellion, Inc., (Del. Ch. Mar. 28, 2022).
To mitigate the negative economic and social consequences of Russian military aggression against Ukraine and to lessen the effect of the restrictive economic measures taken in response to the crisis, as well as retaliatory counter measures, the European Commission adopted the Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia (Framework).
The Securities and Exchange Commission (SEC) is proposing to amend certain rules that govern beneficial ownership reporting.
A U.S. Appeals Court has struck down a company's bylaw requiring that all shareholder derivative suits be filed in Delaware’s Chancery Court, finding the provision effectively eliminated claims under the Securities Exchange Act of 1934, as amended (the Exchange Act) for which federal courts have exclusive jurisdiction. Seafarers Pension Plan v. Bradway, Case No. 20-2244 (7th Cir. Jan. 7, 2022).
The Securities and Exchange Commission (SEC) recently issued a proposal that would require more detailed and frequent disclosure of issuer share repurchases, often referred to as stock buybacks.
On January 10, 2022, Governor Phil Murphy signed into law a bill (A5549, now L. 2021, c. 362) that permits New Jersey nonprofit corporations to hold members’ meetings in part or solely by means of remote communication, regardless of any state of emergency.
On December 15, 2021, the Securities and Exchange Commission (SEC) proposed for public comment amendments to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (Exchange Act), and new related disclosure requirements. The proposed amendments would, among other things, add new conditions to the availability of the affirmative defense against insider trading liability afforded by the rule and create new disclosure requirements regarding issuers’ insider trading policies,
The District of Columbia Council has postponed the first effective date of voter Initiative 82, the “Tip Credit Elimination Act,” from January 1, 2023, to May 1, 2023.
In 2022, New York State and New York City enacted many new workplace laws, creating additional obligations for employers.
On December 16, 2022, a federal district judge in California denied artist Ryder Ripps’s and his partner’s anti-SLAPP motion and motion to dismiss in a closely monitored action filed against them by Yuga Labs, Inc. (“Yuga”), the creator behind the monumentally successful Bored Ape Yacht Club (“BAYC”) NFTs.
If your New Year’s resolution is fitness-related, we’re on the same page … or hamster wheel.
Even with the strictest compliance with Occupational Safety and Health Administration (OSHA) regulations and best workplace safety practices, on-the-job injuries from time to time are inevitable in the construction industry.
The Equal Employment Opportunity Commission (EEOC) promised in a March 2022 hearing to address what it considered to be “severe and pervasive” discrimination in the construction sector.
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