In light of the tax reform bill pending in Congress, individuals throughout Illinois should give strong consideration to prepaying 2018 real estate taxes now to receive the largest possible benefit ...

Earlier this year, the City of Chicago's Department of Finance issued "Personal Property Lease Transaction Tax Ruling #12," clarifying the City's position on the taxation of cloud computing services.

On August 22, 2022, the Federal Trade Commission ("FTC") published an advance notice of proposed rulemaking ("ANPR") that requests "public comment on the prevalence...

Thompson Coburn partner Michael Parks weighed in on the evolving relationships between news organizations and AI companies in a recent Bloomberg Law article. While some companies are taking legal action...

State-chartered banks and non-banks alike face a challenging 50-state regulatory regime when offering interstate internet banking and financial services

Thirteen years after the first state data breach notification law was enacted, New Mexico has finally decided to join the other 47 states with such laws...

The New York Department of Financial Services (NYDFS) finalized amendments to its cybersecurity regulations on November 1, 2023, marking a significant update...

In the abstract, unsecured creditors receiving 100% of what their claim is (plus interest!) is the best possible outcome in a bankruptcy proceeding.

In the August 12, 2014 Federal Register, the Coast Guard issued a final rule entitled "Vessel Documentation Renewal Fees

In this episode of Three Lawyers and a Drone, we discuss the controversial topic of drone usage by law enforcement.

On May 1, the Federal Aviation Administration (FAA) granted Yamaha Motor Co. Ltd., a commercial exemption under Section 333 of the FAA Modernization and Reform Act of 2012 for flights...

In recent years, many pension plan sponsors have sought to reduce pension liabilities by offering lump sum "window" programs.

The Missouri Supreme Court’s August 27, 2013, decision in Farrow v. Saint Francis Medical Center provided a stunning result in a case presenting a common fact pattern.

Companies that use staffing agencies to supply workers face special issues in determining their risk for the significant penalties under the Affordable Care Act's "play or pay" rules.

The U.S. Supreme Court’s decision in United States v. Windsor, No. 12-307 is causing various federal agencies to clarify existing regulations and guidance, including the U.S. Department of Labor.

If a bank has approved a loan application but later changes its mind, it should promptly advise the loan applicant; otherwise, the bank may face liability for punitive damages.

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On September 28, 2012, HM Treasury published the final report on the review of the London Interbank Offered Rate (LIBOR) undertaken by Martin Wheatley, Financial Services Authority (FSA) Managing Director and Chief-Executive designate of the Financial Conduct Authority (FCA) (the "Wheatley Review").

In a rare bipartisan moment, Congress overwhelmingly passed and the President signed into law on October 25 the Family Farmer Bankruptcy Clarification Act of 2017.

The U.S. Court of Appeals for the Seventh Circuit allowed a secured creditor to retain its lien and therefore the proceeds from a sale, even after the secured creditor mistakenly released its mortgage lien.