Patience is good advice as demonstrated by the case of Subway Developments 2000 v. Subway Franchise Systems of Canada, (S.D.N.Y. Jun. 9, 2025) 2025 WL 163602. This analysis was first published in the Legal Intelligencer by Craig Tractenberg.
The U.S. District Court for the Southern District of New York was petitioned to enter judgment and confirm a…
On May 27, the Texas Legislature sent Senate Bill 3 (SB3) to Gov. Greg Abbott for signature, marking a potentially seismic shift in the legal landscape for hemp-derived cannabinoid products in the state. If signed into law – or allowed to take effect without a veto – SB3 will impose one of the most comprehensive…
The U.S. Securities and Exchange Commission (SEC) has announced the appointment of Brian T. Daly as the new Director of the Division of Investment Management, effective July 8, 2025. Daly, a highly regarded figure in the investment management industry, brings decades of experience advising fund managers and sponsors on regulatory compliance and legal matters.
Daly’s…
Last week there was a last minute extension of the compliance date to changes to Form PF. That seemed relatively straightforward. The detailed data and parsing of the data and reporting of the data is a lot for the large hedge funds and other private funds that have to do quarterly reporting. It’s a…
Adopted in July 2023, the US Securities and Exchange Commission (SEC)’s cybersecurity disclosure rules require public companies to report material cybersecurity incidents on Form 8-K and to annually report on their cybersecurity risk management and governance.
However, recent developments – including SEC Chair Paul S. Atkins’s appointment in April 2025, the emergence of a Republican-appointed…
Maryland Attorney General (AG) Anthony G. Brown recently announced three settlements with real estate and property management companies, resulting in more than $310,000 in combined civil penalties and restitution. Brown alleged that the property management and real estate companies discriminated against various tenants that utilized housing vouchers or had criminal records, in violation of federal…
In May, California’s attorney general (AG) charged a local dermatologist with more than 20 counts of fraud after uncovering a scheme that allegedly resulted in the state’s Medicaid program paying out over $1.3 million for services that were never rendered.…
It should come as no surprise that the current Securities and Exchange Commission under Chair Atkins would retreat from the rule-making of the SEC under Chair Gensler. We’ve seen it with the rapid retreat on crypto. Last week the SEC formally withdrew 14 proposed rule-makings.
Happy to see the Safeguarding Advisory Client Assets proposal…
Indiana and Maryland became the most recent states to enact legislation regulating earned wage access (EWA) services, with Indiana passing House Enrolled Act 1125 on May 6, and Maryland passing House Bill 1294 on May 20.…
The Department of Justice (DOJ) has released long-awaited guidance (FCPA Guidelines) regarding its approach to enforcement of the Foreign Corrupt Practices Act (FCPA) following the Executive Order (EO) pausing FCPA enforcement.
The FCPA Guidelines, published on June 9, 2025 , emphasize a prosecutorial focus on protecting US interests, significant criminal conduct rather than routine business…
