Bondholders of the Puerto Rico Electric Power Authority (PREPA) have a secured claim only up to the amount of certain funds established under their trust indenture, and an unsecured claim for the value of future net revenues of PREPA that would have been payable to them over the remainder of the ter
On March 22, 2023, National Labor Relations Board General Counsel Jennifer Abruzzo issued GC Memo 23-05 providing guidance on the recent decision in McLaren Macomb. Below are some of the notable points set forth in the Memorandum.
Louisiana has been at the center of the past year’s eruption of environmental-justice related enforcement activities.
With the advent of OpenAI’s ChatGPT, GitHub Copilot, and Google’s Bard, generative artificial intelligence (AI) is all the rage from students looking for an easy answer to c-suite executives hoping to stay ahead of the game.
In the landmark case of Dobbs v. Jackson Women’s Health Organization, the US Supreme Court overturned its prior rulings in Roe v. Wade and Planned Parenthood of Southeastern Pennsylvania v. Casey, which had recognized a constitutional right to abortion protected from government interference.
Anthony V. Lupo, Ralph V. De Martino, Dan Jasnow, Pamela M. Deese, Matthew Berlin, Justin A. Goldberg, Yusef Abutouq, Emily B. Lewis
On the heels of recent legal setbacks and challenges for NFT collections offered by Dapper Labs and DraftKings, the New York Attorney General (NYAG) filed suit in New York state court against the parent companies of cryptocurrency trading platform, KuCoin.
D. Jacques Smith, Randall A. Brater, Michael F. Dearington, Shoshana Golden, Nadia Patel, Elizabeth Satarov
Headlines that Matter for Companies and Executives in Regulated Industries
The Minnesota Legislature is currently considering legislation prohibiting the presence of intentionally added PFAS in a variety of consumer products by 2026 and in all consumer products by 2032.
The US Securities and Exchange Commission (SEC) released a proposal to amend Rule 206(4)-2, the “custody rule” (the “current rule”), which currently requires all investment advisors with the ability to possess client funds and securities to hold funds in a designated bank account.
Valuation is a key element in bankruptcies. Generally, a higher valuation of a bankrupt firm means larger creditor recoveries, and a higher valuation of pre-petition collateral means a smaller “adequate protection” package for prepetition secured lenders.
Executive branch priorities are clearly set out in agency budget requests. While the amount budgeted generally changes when Congress has its say, the original request provides unique insight into how agencies perceive what can and should happen in the next fiscal year.
On March 14-15, 2023, at US Customs and Border Protection’s (CBP) Forced Labor Technical Expo (Expo), “Tools for Supply Chain Transparency,” 19 technology service providers (providers) presented their forced labor supply chain diligence solutions.
Less than a month after denying copyright protection to AI-generated illustrations in a comic book, the US Copyright Office issued a statement of policy last Thursday to provide guidance on copyright protection of works that contain material generated using AI assistive technology.
With some of the nation’s largest real estate owners defaulting on, and looking to restructure, loans backed by commercial office buildings, what may have seemed like an impossibility a few short years ago, is now very much a reality.
As those in the reproductive health space scramble to keep up with the ever-changing landscape of mifepristone (Mifeprex) access, it seems that every party must have their say.
Headlines that Matter for Companies and Executives in Regulated Industries
The Federal Communications Commission (FCC) has announced the next public meeting of its Precision Agriculture Connectivity Task Force (Task Force), which has been scheduled for March 28, 2023.
Anthony V. Lupo, Dan Jasnow, Pamela M. Deese, Ralph V. De Martino, Matthew Berlin, Yusef Abutouq, Emily B. Lewis
On March 9, 2023, a putative class action was filed against DraftKings Inc. for alleged violations of federal securities laws in the US District Court for the District of Massachusetts.
While many had hoped that the senior housing rollercoaster would begin to level off in 2023, inflation and rising interest rates continue to create uncertainty for the year ahead. Nonetheless, industry members share one common belief: innovation will be key.
On January 20, 2023, the Hong Kong International Arbitration Centre (HKIAC) released its statistics for 2022.
Prop 65 Counsel: What To Know
At the beginning of the millennium, food halls occupied a very small niche of the United States restaurant industry.
Yesterday, Illinois Governor Pritzker signed into law the “Paid Leave for All Workers Act,” which will allow most Illinois employees up to 40 hours of paid leave per year, for any purpose, starting on January 1, 2024. This will represent a sea change for many employers in the state.