Although this article is focused on tax-exempt debt, the tax ramifications of the LIBOR transition are not limited to the municipal finance world, and the elimination of LIBOR may also have a significant impact on taxable debt, interest swap transactions and other transactions utilizing LIBOR.
In a lawsuit filed on June 29, 2021, in Texas state court, a major national retailer alleges that a Texas law restricting its retail locations from selling liquor to consumers violates the Texas Constitution. The retailer is asking the court for a declaratory judgment that Section 22.16 of the Texa
Plaintiffs are filing an increasing number of lawsuits against companies alleging that their websites violate Title III of the Americans with Disabilities Act (ADA) because the sites are not accessible to visually impaired customers. But these lawsuits assume an answer to an unresolved question.
According to court documents, the defendant admitted to, among other things, distributing unnecessary compound prescriptions by adjusting prescriptions and paying recruiters commissions for procuring prescriptions for high-margin medications.
Since 2001, California Labor Code Section 226.7 has required employers to pay employees an additional hour of pay at the employee’s “regular rate of compensation” for not providing compliant meal or rest periods. The California Supreme Court’s new decision in Ferra v. Loews Hollywood Hotel, LLC int
Municipal advisors, as well as other regulated entities, should be aware of their general obligations under Federal securities laws and MSRB Rules when formulating advice about securities or products, in particular, if it involves the LIBOR transition.
Expanded telehealth services temporarily permitted during the COVID-19 public health emergency would be further extended to December 21, 2023, in order for CMS to conduct analyses regarding permanent expansion of certain telehealth services.
Headlines that Matter for Privacy and Data Security
On July 19, 2021, the Secretary of Health and Human Services (HHS) renewed the declaration of the COVID-19 Public Health Emergency (PHE), effective July 20, 2021.
The Centers for Medicare & Medicaid Services (CMS) calendar year 2022 rule proposing changes to payment policies under the Physician Fee Schedule (PFS) and Medicare Part B (the Proposed Rule) will officially be published in the Federal Register on July 23, 2021.
On Tuesday, July 13, DC lawmakers unanimously approved emergency legislation that will gradually phase out tenant protections, including the moratorium on evictions.
Senate passage of the Uyghur Forced Labor Prevention Act, issuance of the updated Xinjiang Supply Chain Business Advisory, and other recent government action may indicate that all products produced in whole or part in XUAR may soon be banned. Companies should be aware that this may impact the
The best benchmark for a company or a bank primarily depends upon the entity’s debt/interest rate swap situation as summarized below. This analysis also touches on the rationale behind the derivatives market's recent embrace of the move to recommended benchmarks in the US, starting on July 26.
The US policy behind this mandate is consistent with the desire to encourage open banking standards, albeit in a more piecemeal fashion than what has already been done in the UK.
US-based multinational medical device company, Avanos Medical Inc., entered into a deferred prosecution agreement and agreed to pay more than $22 million in connection with a criminal complaint charging the company with one count of introducing misbranded surgical gowns in interstate commerce with t
On July 9, 2021, President Biden issued Executive Order 14036, “Promoting Competition in the American Economy.”
Prop 65 Counsel: What To Know
California is paying closer attention to ensure that unclaimed property at your dealership is actually turned over to the State.
The focus on quantifying LIBOR exposure and related disclosure requirements may be a ‘red herring.’
BIPA, the frequently used basis for class action lawsuits in connection with facial recognition, fingerprint, and other technologies is once again serving as the basis for two recently filed suits.
Certain foreign entrepreneurs can now enter the US under the re-launched International Entrepreneur Rule to pursue and build new business opportunities in the United States.
On June 23, the U.S. Supreme Court held that a California provision requiring agricultural employers to allow unionizers onto their property violated the Fifth and Fourteenth Amendments – a clear win for employers.
The Second Circuit confirmed last month that parties settling trademark disputes have significant flexibility to avoid violating the antitrust laws. The Court overturned a Federal Trade Commission (FTC) decision finding that online contact lens retailer 1-800 Contacts violated the antitrust laws by
On July 1, 2021, the Departments of Health and Human Services, Labor, and Treasury, and the Office of Personnel Management, released a much-anticipated interim final rule designed to protect Americans from surprise medical bills.
We often think that environmental regulation comes top-down from Congress and Washington bureaucrats.