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…
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…