On May 13, 2019, in a 5-4 decision in Apple Inc. v. Pepper, the U.S. Supreme Court held that consumers of iPhone apps are direct purchasers of Apple and therefore have standing to sue the company

Over the last few years, significant developments in Delaware law and practice have changed the traditional M&A litigation landscape.

On July 12, 2019, the staff of the Division of Corporation Finance, Division of Investment Management, Division of Trading and Markets, and Office of the Chief Accountant of the SEC issued a public statement...

As of September 11, 2019, the California Senate and Assembly had both passed an employment bill (AB5) that, if signed by Gov. Gavin Newsom,...

On Dec. 19, 2025, New York Governor Kathy Hochul signed the Trapped at Work Act (New York Labor Law §§ 1050–1055).

Since the Delaware Supreme Court held in CML V, LLC v. Bax that creditors of a Delaware LLC lack standing to pursue derivative breach-of-fiduciary-duty claims, even if the LLC is insolvent or near...

The two rulings are best understood in the context of Delaware law on limited partnerships.

Informal settlements between activist investors and their corporate targets can be a means to resolving activist situations quickly.

The SEC has proposed Regulation Crypto Assets, introducing two new exemptions from registration requirements and a safe harbor from the investment contract definition. This framework aims to provide clarity for crypto asset offerings while establishing pathways for both small startups and larger U.S.-based issuers, though certain principles-based concepts may introduce areas of regulatory uncertainty.

The U.K. Financial Conduct Authority (FCA) has issued its first antitrust decision since obtaining competition law powers four years ago. The decision is a controversial one. It sets the FCA

Following the U.S. Supreme Court’s decision in Learning Resources, Inc. v. Trump, which held that the International Emergency Economic Powers Act (IEEPA)...

FW moderates a discussion on executive compensation and best practices.

Less than a year after the most significant U.S. tax reform legislation since 1986 was signed into law, it is still too early to predict the long-term effects.

On February 28, 2019, the Division of Investment Management of the Securities and Exchange Commission issued a no-action letter relaxing its views on "in person" voting requirements for investment company boards of directors.

The SEC has issued guidance on how federal securities laws apply to crypto vaults and onchain lending strategies, emphasizing that moving activities onchain does not exempt them from regulatory oversight. Market participants must carefully analyze vault structures, lending protocols, and management functions to determine whether they trigger investment contract, investment company, or investment adviser requirements.

On May 20, 2019, the U.S. Supreme Court ruled in Mission Product Holdings, Inc. v. Tempnology, LLC, 587 U.S. ___, that a debtor's ability to reject executory contracts under Section 365(a) of the Bankruptcy Code ...

Guidance and no-action decisions from the staff of the SEC's Division of Corporation Finance provide important guideposts, but the path forward on many shareholder proposals remains murky.

On 21 February 2019, the U.K. Competition and Markets Authority (CMA), at the U.K. government's request, set out ‘wide-ranging and radical' proposals to reshape U.K. competition enforcement and consumer protection regime.

The United States has a federal system of government. Accordingly, regulation of M&A activity falls within the dual jurisdiction of the federal government ...

On September 26, 2019, the Securities and Exchange Commission (SEC) adopted new Rule 163B and related amendments under the Securities Act to expand...