The Tax Cuts and Jobs Act of 2017 (TCJA) significantly increased the lifetime estate and gift tax exemption from $5.6 million to $11.18 million for individuals, with adjustments for inflation starting in 2018.
Headlines that Matter for Companies and Executives in Regulated Industries
Everyone loves recycling. However, when it comes to plastic, questions about how recycling occurs and whether it can meaningfully occur generate a fair amount of controversy.
In June 2023, a federal judge in the Northern District of Illinois denied Aon Corp.’s request for a temporary restraining order against Alliant Insurance Services, Inc. and nine former Aon employees after they allegedly poached 26 other Aon employees and misappropriated Aon’s trade secrets.
A recent Supreme Court of the State of Hawaii decision permitted climate-related claims against major petroleum and gas companies to proceed toward trial.
On October 27, the California Office of Environmental Health Hazard Assessment (OEHHA), the lead agency that implements Proposition 65, introduced its third attempt to amend the “short form” warning provisions of this widely enforced consumer protection statute.
Recent guidance from the US Department of Justice (DOJ) reflects its continued focus on corporate compensation structures to promote compliance.
On November 8, the US Food and Drug Administration (FDA) announced its intent to delay enforcement of the requirements for cosmetic product facility registration and cosmetic product listing.
Governor Newsom signed SB 616 on October 4, 2023. SB 616 expands California’s sick pay law in several important ways.
Prop 65 Counsel: What To Know
The event will be held on November 17, 2023, to explore the intersection of broadband connectivity and maternal health.
The use of artificial intelligence (AI) has already enhanced and has the potential to further expand and improve preK through 12th grade education. However, educators and school leaders are struggling to keep up with the many constantly evolving AI and generative AI (GenAI) tools.
D. Jacques Smith, Randall A. Brater, Nadia Patel, Michael F. Dearington, Shoshana Golden, Rebecca W. Foreman
Headlines that Matter for Companies and Executives in Regulated Industries
On October 24, US banking regulators, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (the “agencies”), issued long-awaited guidance on how large financial institutions should manage financial risks associated with climate change.
On October 30, 2023, President Biden issued an expansive Executive Order (EO) on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (AI), aiming to establish standards for AI technology to address related potential benefits and risks.
On October 13, 2023, California Governor Gavin Newsom signed a first-of-its-kind bill related to an industry-wide minimum wage in California. SB 525 impacts the health care industry and sets a minimum wage schedule that employers in the health care industry must follow.
Costs to clean up environmentally impacted real estate have continued to increase. A variety of factors have caused this trend including: listing of new contaminants, enhanced focus on contamination pathways like vapor intrusion, and changed circumstance caused by infrastructure challenges from shifting weather patterns and greater population density all pose risks to parties fulfilling cleanup obligations.
Matthew R. Bentley, Les Jacobowitz, Alan S. Dubin, Brooke Fodor, Megan (Woodward) Daily, Malia K. Benison
In light of the banking failures of Silicon Valley Bank, Signature Bank and First Republic (as well as Credit Suisse), this summer, the Federal Reserve and the FDIC proposed guidance and rules for larger banks.
D. Jacques Smith, Randall A. Brater, Michael F. Dearington, Nadia Patel, Shoshana Golden, Apeksha Vora
Headlines that Matter for Companies and Executives in Regulated Industries
It’s back . . . like a bad penny or another season of “Bachelor in Paradise.” Last week, the National Labor Relations Board (NLRB or Board) announced the return of its new and expanded “BFI standard” for determining “joint employer” status.
Beginning on November 1, 2023, employees receiving paid benefits under the Massachusetts Paid Family and Medical Leave law (PFML) can supplement, or “top off,” the state paid benefit with other accrued paid time off such as vacation, personal, sick time, or a combined PTO (paid time off) benefit.
Here we are in fourth quarter of 2023 already! As companies start wrapping up 2023 and preparing and modeling for 2024, we thought it was a good time to highlight five regulatory developments, changes, or challenges on the horizon for pharmaceutical manufacturers operating in the US market:
Every year, thousands of applications are filed with the Federal Communications Commission (FCC) by defense contractors and equipment manufacturers seeking approval for experimental wireless operations in support of National Security objectives.
In the latest installment of WorldSmart, Hunter Carter is joined by Partner Malcolm McNeil and the CEO of FLOGEN Technologies, Dr. Florian Kongoli, to explore the intricate relationship between sustainability, technology, and the intersection of science, law, and medicine.
The US Department of Justice (DOJ) has issued its inaugural report highlighting recent activities related to the incorporation of environmental justice (EJ) principles into its enforcement efforts.