VC Group Gets Win In Foreign Entrepreneur Rule Row
Law360, New York (December 1, 2017, 9:49 PM EST) -- A D.C. federal judge on Friday granted a venture capital group's bid to vacate a Trump administration rule that delayed an Obama-era regulation for international entrepreneurs, finding it unlawful because the government failed to give time for public notice or comment.
U.S. District Judge James E. Boasberg sided with the National Venture Capital Association, Omni Labs Inc. and others who had argued that the U.S. Department of Homeland Security didn't have good cause to forgo notice and comment on the rule that pushed back the effective date of the International Entrepreneur Rule until March, and vacated the rule. The rule would have permitted...
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