2019 marked the rise of the Direct Listing. Though they are not exactly new structures, following the heavily-publicized Direct Listings of tech giants Spotify and Slack, they have captured the imagination of the capital markets world. Venture...
In a unanimous ruling, the U.S. Supreme Court in Peter v. NantKwest, case number 18-801, struck down the U.S. Patent and Trademark Office’s (USPTO) recent and often-criticized effort to recoup its legal fees – even in cases it loses – because it...
Weekly Wrap - The final days of the 2019 session schedule came and went this week as members returned to Harrisburg to put a bow on some unfinished business prior to the New Year....
On Wednesday, December 18, the Fifth Circuit of the U.S. Court of Appeals issued a ruling in Texas v. United States, which determined that the individual health insurance mandate implemented by the Affordable Care Act (ACA) is unconstitutional. This...
On the same day as the departure of the lone Democratic Board member, the National Labor Relations Board (NLRB) this week continued its trend of issuing employer-friendly decisions that reverse Obama-era Board precedent. In two December 16 decisions...
After months of unsuccessful mediation, Ohio Attorney General Dave Yost filed an amended complaint in the Franklin County Court of Common Pleas against pharmacy benefit manager (PBM), OptumRx. The complaint, which brings additional claims and damages...
The Executive Board of the Brazilian National Health Surveillance Agency (“ANVISA”) issued, on December 09, 2019, a resolution designated “Resolution of the Collegiate Board” N. 327, regulating the registry of cannabis products and derivatives in...
Backup Withholding requires a payer to “withhold tax” from payments that are not otherwise subject to withholding. A Taxpayer (payee) may be subject to Backup Withholding if it...... By: Foodman CPAs & Advisors
The United States Commodity Futures Trading Commission (“CFTC” or the “Commission”) recently amended Part 4 of its regulations (the “Amendments”) (available here and here). The Amendments may affect many asset managers, including those that are...
