Bloomberg Law “The US Supreme Court’s decision to pause a nationwide injunction blocking the Corporate Transparency Act again created uncertainty for US businesses even as the federal government said enforcement of the law remains on hold. The justices on Thursday granted the Justice Department’s request to stay the injunction—the first to block Read more…
Bloomberg Law “The Federal Trade Commission will require companies to secure opt-in consent for targeting advertising to children and bar them from retaining kids’ data indefinitely under finalized amendments to its children’s privacy rule being unveiled Thursday. But the update to the FTC’s rules implementing the 1998 Children’s Online Privacy Read more…
Bloomberg Law “The US Justice Department filed a lawsuit to block a $570 million deal in the corporate travel market over antitrust concerns. In a complaint filed Friday in federal court in New York, antitrust enforcers said American Express Global Business Travel Group Inc.’s acquisition of rival CWT Holdings would harm the market for travel management. Read more…
Bloomberg Law Amazon.com Inc. must face an antitrust lawsuit by a competing online retail platform that alleges the e-commerce giant maintains an illegal monopoly and uses that power to stifle competition. Zulily LLC, an online apparel retailer that describes itself as an Amazon victim, has offered enough evidence that it competes Read more…
Bloomberg Law A Fifth Circuit panel reinstated a nationwide injunction blocking enforcement of the Corporate Transparency Act, three days after a different panel lifted it, causing turmoil in compliance offices. The CTA, enacted as an anti-money laundering measure, requires that US entities that existed before 2024 disclose the identities of Read more…
Bloomberg Law The opportunity zone program, which offers tax incentives for investing in designated low-income census tracts, is poised for a potential second life as Congress addresses the roughly $4.7 trillion in expiring tax cuts and other business incentives contained in the Tax Cuts and Jobs Act of 2017. If the Read more…
Bloomberg Law “A Papa John’s franchisee defeated a delivery driver suit over mileage reimbursement because the worker failed to allege his pay fell below Colorado’s minimum wage, a federal judge said. The driver argued that improper reimbursement for the costs of using a personal vehicle to deliver pizzas for HPG Read more…
Bloomberg Law “TikTok’s Chinese parent company faces a ban in the US next month as a result of a federal appeals court ruling Friday, ratcheting up a political clash over the wildly popular video-sharing app. A three-judge panel in Washington unanimously upheld a new US law, ruling that it didn’t violate free Read more…
Bloomberg Law ” Court finds defects in Live Nation’s batched proceedings Class action against Live Nation to proceed in open court A Ninth Circuit ruling that denied Live Nation Entertainment Inc.’s bid to compel “batched” arbitration underscores the risks that corporate defendants face when pushing to resolve consumer antitrust disputes outside of 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…