Bloomberg Law “The Financial Crimes Enforcement Network won’t issue fines to companies that miss the March 21 initial deadline to comply with the Corporate Transparency Act, it said in a news release. The act requiring 32 million US businesses to report information on their beneficial owners is poised to taked effect Read more…
Bloomberg Law “US businesses preparing to disclose their beneficial ownership information to the government under its new March 21 deadline to enforce the Corporate Transparency Act could see the compliance date pushed back again. That deadline is when most businesses must file reports identifying who owns or controls their company, directly or Read more…
Bloomberg Law “I was once taught that it was rude to talk about salary, or, really, anything related to money. Now, scrolling through social media, I regularly see posts about pay transparency, showcasing people discussing their compensation in front of the whole world. Though employees have long had the right Read more…
Bloomberg Law “US Supreme Court justices showed an interest in returning to the SEC the job of refining companies’ risk disclosure requirements during oral argument Nov. 7 in a Meta Platforms Inc. securities fraud case. The justices repeatedly wondered what kind of guideline they could craft as they confronted a wide range Read more…
Bloomberg Law “Warner Bros. Discovery Inc. and its top executives prevailed again on appeal in a securities lawsuit, after a panel of Second Circuit judges ruled Friday that investors couldn’t show the entertainment giant misled them in disclosures before its merger took place. The offering documents for the tie-up between Read more…
American Bar Association “Website host GoDaddy.com LLC must face antitrust claims that it discouraged customers from using the software tools of a rival through an unlawful agreement. Judge Anthony J. Trenga of the US District Court for the Eastern District of Virginia in a Thursday order denied GoDaddy’s motion to dismiss, saying plaintiff Entri Read more…
American Bar Association “There has been a growing interest in the acquisition and sale of telehealth providers. While the COVID-19 pandemic may have laid the foundation, a recent wave of success for online compounding pharmacies producing weight loss drugs has enhanced the interest in telehealth companies. Such telehealth companies are focusing on Read more…
Bloomberg Law “Apple Inc. must face several claims in a proposed class action alleging it collected data from app users after they had selected iPhone or iPad settings that Apple said would stop data tracking. The consumers sufficiently alleged they withdrew their consent to the contested data collection by disabling Read more…
Reuters “Sept 20 (Reuters) – The U.S. Federal Trade Commission sued the country’s three largest pharmacy benefit managers on Friday, accusing them of steering diabetes patients towards higher priced insulin in order to reap millions of dollars in rebates from pharmaceutical companies. The case accuses UnitedHealth Group Inc’s(UNH.N) opens new tabOptum Read more…
ABA Journal “The Happiest Place on Earth” may not have been living up to its name recently, when a forced arbitration case pushed Disney directly into the clickbait headlines. After his wife died from a severe allergic reaction at a park restaurant last year, Disney allegedly told her widower that Read more…