Federal regulators are increasingly scrutinizing inside trading (Rule 10b5-1) plans, which allow corporate insiders to trade securities under a forward looking written plan adopted when they are not aware of material nonpublic information. See SEC Commissioner Allison Herren Lee, Stock Trading Plans Should Prevent – Not Enable – Insider Trading: Statement on Proposed Amendments to Rule 10b5-1 (Dec. 15, 2021).
Read moreThe Iowa House and Senate have recently proposed companion bills that would limit employer liability in civil actions involving commercial motor vehicles. The proposed bills would place a $2 million damages cap on noneconomic damages for each plaintiff in any personal injury or wrongful death action against the owner or operator of a commercial motor vehicle, regardless of the number of claims, theories of recovery, or defendants in the civil action.
Read moreOn February 21, 2023, the National Labor Relations Board (NLRB, or the Board) issued a sweeping ruling with profound implications for employers. In the McLaren Macomb case, the Board overruled several of its own Trump-era decisions that held that employers may include broad confidentiality and non-disparagement provisions in their severance agreements.
Read moreThe U.S. government recently released the first-ever joint compliance note from the U.S. Departments of Commerce, Treasury, and Justice concerning “cracking down” on third-party intermediaries used to evade both U.S. Russia-related sanctions and expert controls (the Note). Top officials at the U.S. Department of Justice (DOJ) have already stated that compliance with U.S. sanctions and export control laws and regulations is the “New FCPA [Foreign Corrupt Practices Act]” and the Note cements this rhetoric.
Read moreThe United States Department of Justice (DOJ) just announced its first-ever Pilot Program on Compensation Incentives and Clawbacks. This game-changing initiative – which will be in force for three years – will send significant ripples through executive compensation and government corporate resolution programs. Navigating this new program will require deft counsel who understand this new intersection between employment law and corporate compliance programs.
Read moreOn February 13, 2023, two New Jersey State senators introduced a bill that, if passed, will affect long-term care facilities throughout the Garden State. The proposed legislation will supplement Titles 26 (the Health Care Facilities Planning Act) and 46 (of which Chapter 2B contains the Revised Durable Power of Attorney Act) of the Revised Statutes. A companion bill was introduced on February 16 in the General Assembly. Part One of this alert discussed the proposed legislation’s impact on long-term care resident admission agreements and arbitration agreements. This part covers the proposed changes to guardianship rules and the Medicaid application process.
Read moreOn February 24, 2023, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) listed additional entities and individuals either operating in several key sectors of the Russian economy or suspected of aiding the unlawful evasion of U.S. sanctions. In addition, the U.S. government expanded the areas of the Russian economy subject to sanctions by adding the metals and mining sector of the Russian Federation.
Read moreOn February 13, 2023, two New Jersey State senators introduced a bill that, if passed, will affect long-term care facilities throughout the Garden State. The proposed legislation will supplement Titles 26 (the Health Care Facilities Planning Act) and 46 (of which Chapter 2B contains the Revised Durable Power of Attorney Act) of the Revised Statutes. A companion bill was introduced on February 16, 2023, in the General Assembly. Part One of this two-part alert discusses the proposed legislation’s impact on long-term care resident admission agreements and arbitration agreements. Part Two will cover proposed changes to guardianship rules and the Medicaid application process.
Read moreIn Walmart, Inc., et al. v. Leigh Ann Reeves (Case No. 2021-SC-0288-DG), the Kentucky Supreme Court recently addressed a case involving third-party criminal acts and premises liability.
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