U.S. financial regulators on Wednesday said General Electric Co.’s finance arm was released from its designation as a systemically important financial institution, freeing it from enhanced oversight from the Federal Reserve and providing a roadmap for firms seeking to escape stricter regulation.
The Internal Revenue Service needs to step up its game to ensure compliance with refundable tax credits, according to the Government Accountability Office, which found in its report released Monday that nearly $30 billion are being overclaimed each year.
The U.S. Supreme Court saved its biggest immigration case for the end, issuing a blow to immigrants in the U.S. without legal authorization with a tie vote that upheld a block on the president's executive actions. But while United States v. Texas was the most important immigration case in the 2015 term, it wasn't the only one, and there were a few bright spots for immigrants and immigration advocates, according to experts.
A Pennsylvania House subcommittee on Tuesday advanced an effort to investigate whether state Attorney General Kathleen Kane’s actions in office merit impeachment, voting to authorize subpoenas to gather additional information and requesting lawmakers to pursue a court order to protect employees in her office from retaliation for cooperation.
Presumptive Republican presidential nominee Donald Trump railed against globalization Tuesday in a speech at a metal factory near Pittsburgh, blaming trade deals with China and others for the loss of a third of U.S. manufacturing jobs since 1997 and pledging to reverse course on trade policy should he win office.
The U.S. Department of the Interior asked a Washington, D.C., federal judge on Monday to throw out a lawsuit brought by the Center for Biological Diversity seeking tougher environmental regulations on off-shore drilling operations, saying the court has no authority to order such revisions to its environmental policies.
The Internal Revenue Service on Monday took aim at a U.S. Tax Court decision invalidating its rule requiring cost-sharing agreements between related parties to include the costs of stock-based compensation, saying in an appeal to the Ninth Circuit that it is unnecessary to consider what unrelated parties do.
A Pennsylvania federal court on Monday refused to toss a civil rights suit launched against the Pennsylvania Turnpike Commission by a former employee alleging he was terminated after beginning a campaign for state Senate against an incumbent favored by department heads, saying the allegations suggest a constitutionally improper motive.
U.S. Securities and Exchange Commission Chair Mary Jo White said Monday that the SEC plans to use its power as a disclosure agency to require that companies provide better information about what they are doing to improve diversity on their boards.
A wireless communications trade group on Monday told the Federal Communications Commission that while it applauds the broadcast industry’s efforts to evolve, a proposed new broadcast television standard must not interfere with spectrum licenses purchased at an ongoing auction.
Some law firms have perfected the art of pleasing general counsels, a skill that wins them the love of clients and allows them to score new cases and deals. Here, we look at a new report that delves into the intricacies of making clients happy.
Some law firms have honed their ability to serve clients so well that their relationships with general counsels have entered a sort of utopian existence where they earn glowing recommendations from clients and consistently win work. Here, find out which 24 firms have reached a state of “clientopia,” according to a new report by BTI Consulting Group.
U.S. Attorney Paul Fishman has blasted accusations by a defendant in the so-called Bridgegate case that his office spoiled evidence, telling a federal judge Monday that the government never tampered with a purportedly deleted text message exchange between New Jersey Gov. Chris Christie and another official.
Verizon and trade group INCOMPAS pushed their compromise approach to the Federal Communications Commission's proposed regulatory regime for business data services, endorsing on Monday rate-setting for noncompetitive services based on forecasts instead of actual market results.
A pair of Senate Democrats on Tuesday asked Green Dot Corp., Wal-Mart and MasterCard for information about a technical glitch that prevented Wal-Mart-branded prepaid card users from accessing their accounts for as many as three days last month.
Hillary Clinton expressed support for patent reform on Tuesday while unveiling a plan to curb excessive patent litigation and allow the U.S. Patent and Trademark Office to keep all the fees it collects from patent applicants.
The American Civil Liberties Union pushed a D.C. Circuit panel to reconsider its decision to keep secret a Senate intelligence committee's landmark investigation into the CIA's torture program, arguing Monday that Congress did not explicitly bar the report from public release.
The U.S. Securities and Exchange Commission on Tuesday proposed a new rule that would require investment advisers to adopt written business continuity and transition plans, saying advisers need to be able to address significant disruptions like a cyberattack or bankruptcy while minimizing investor harm.
Federal Communications Commission Chairman Tom Wheeler proposed on Monday to mainly continue existing media ownership restrictions and revive a limit on the ability of TV stations to enter into joint advertising agreements, saying the plan accounts for media marketplace shifts.
The European Commission’s decision to hold Starbucks liable for about €30 million ($34 million) in Netherlands back taxes was based on an opaque transfer pricing agreement for intellectual property that gave the coffeehouse chain an unfair, selective advantage, according to a document released Monday.
The U.S. Department of Defense’s long-awaited proposed rule — which makes significant changes to the ways contractors have conducted “data rights” business for almost 50 years — mostly turns the badly written 2012 National Defense Authorization Act's Section 815 into a workable framework. But two particularly troublesome potential pitfalls remain, say Jay DeVecchio and Locke Bell of Morrison & Foerster LLP.
Practitioners drafting agreements to satisfy the U.S. Department of Labor’s new best-interest contract exemption will need to ensure the contract also conforms to the financial institution’s related customer agreements and disclosures and employs terms designed to protect the firm, say Clifford Kirsch and Allison Wielobob of Sutherland Asbill & Brennan LLP.
When it comes to protections for medical marijuana users, the tide appears to be changing as some states are revising their laws to include specific discrimination protections for employees. Amanda Wingfield Goldman at Coats Rose Ryman Yale & Lee PC provides practical steps for drafting drug testing policies in states where medical marijuana is legal, and states where recreational and medical marijuana is legal.
The result of the United Kingdom referendum on leaving the European Union shows both a general lack of trust in politicians and a failure in turn of those politicians to address deep-rooted social and economic problems, says Huw Beverley-Smith at Faegre Baker Daniels.
The Financial Choice Act, recently proposed by the Republican chairman of the House Financial Services Committee, addresses specific provisions of the Dodd-Frank Act that are widely viewed as controversial, many of which have bipartisan support for reform, say attorneys with K&L Gates LLP.
If, as Vermont's new drug pricing law itself expresses, transparency is merely the first step to health care cost control, patients need and deserve to know: What is the next step? Vermont will eventually be faced with more daunting questions around what actions it will take to rein in these costs and what impact those changes will have on patients, say attorneys at Dentons.
The Federal Circuit and the U.S. Patent and Trademark Office are moving in substantially the same direction at the same time, which may move U.S. patent practice back to a more moderate and discerning Alice implementation, says Ronald Embry of Patterson & Sheridan LLP.
The Protecting our Infrastructure of Pipelines and Enhancing Safety Act of 2016 allows very little time to act before the Pipeline and Hazardous Materials Safety Administration's next authorization period will ramp up. Furthermore, a change in administration will undoubtedly give rise to new initiatives, priorities and pushes for additional requirements, which may cause existing unfulfilled mandates to remain unresolved, say attorn... (continued)
Indiana recently joined a handful of other states that authorize and regulate the consumer third-party litigation funding industry by statute. Scheduled to take effect on July 1, the statute also establishes a new distinction between the various types of legal funding. But, in doing so, it could potentially reduce the availability of capital, says Victoria Shannon Sahani, associate professor at Washington and Lee University School of Law.
Nothing passes Congress during an election year. Well, the Defend Trade Secrets Act of 2016 did. In some ways, the act is unexceptional. In other ways, however, it is exceptional. Perhaps the single most important provision is the availability of ex parte seizure orders, says Patrick Coyne of Finnegan Henderson Farabow Garrett & Dunner LLP.