The United States Court of Appeals for the Sixth Circuit, applying Kentucky law, has held that a directors and officers liability policy does not provide coverage for a class action lawsuit brought against a gym alleging deceptive practices arising from the gym’s membership contracts.
SUMMARY - The Retail Prices Index (RPI) is often used in property documents, for example for index-linked rents or adjustments to service charge caps. The Chancellor has said that RPI will be abolished in 2030. This article considers what might replace it....
On May 13, the Michigan Court of Appeals issued a decision addressing the Open Meetings Act (“OMA”) and Freedom of Information Act (“FOIA”). The case is scheduled for publication and is titled: Traverse City Record-Eagle (“plaintiff”) v.
The Federal Election Commission (FEC) recently discussed ways the agency could address mounting public concern about so-called Scam PACs, ultimately deciding that its Scam PAC Working Group should continue to study the issue.
On May 12, 2021, President Biden issued an executive order to strengthen U.S. cybersecurity defenses. The order comes in the wake of the ransomware attack on Colonial Pipeline and numerous other cybersecurity attacks against the U.S.
In January 2021, Washington, D.C. Mayor Muriel Bowser signed the Ban on Non-Compete Agreements Amendment Act of 2020, which will, once effective, constitute one of the broadest statutory bans of non-compete agreements in the United States.
Private credit lenders began 2020 facing the dual challenges of an increased risk of defaults and a lack of strong financial covenants, and the pandemic sparked a significant increase in defaults to 8.1% in Q2.
Ed. Note: This is the first in a series of three articles examining disciplinary and appeals processes in front of North Carolina professional and occupational licensing boards.
To encourage creditors, equity interest holders, indenture trustees, and unofficial committees to take actions that benefit a chapter 9 or chapter 11 estate, the Bankruptcy Code confers administrative expense status on claims for expenses incurred by them in making a "substantial contribution" in
