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  • Article

    FASB To Modify Going Concern Proposal

    Recently, the FASB tentatively decided to require disclosure regarding a substantial doubt about an entity’s ability to continue as a going concern.
    United StatesAccounting and Audit
    Morgan Lewis
    Morgan Lewis
  • Article

    New Guidance Issued On Conflict Minerals Audits

    The American Institute of CPAs recently issued additional guidance for CPAs who perform the independent private sector audit required by the SEC when a company issues a conflict minerals report.
    United StatesAccounting and Audit
    Morgan Lewis
    Morgan Lewis
  • Article

    SEC Staff’s Regulation S-K Study May Lead to Financial Reporting Requirements Reform

    The SEC staff recently issued a report on its review of Regulation S-K, which was required by section 108 of the JOBS Act, the 2012 law that was enacted to increase U.S. job creation and economic growth by improving access to the public capital markets for emerging growth companies.
    United StatesAccounting and Audit
    Morgan Lewis
    Morgan Lewis
  • Article

    California Bans Nondisparagement Clauses In Consumer Contracts

    The "Yelp" Bill impacts any entity or person doing business with consumers in California.
    United StatesConsumer Protection
    Morgan Lewis
    Morgan Lewis
  • Article

    Delaware Secretary Of State's Office Closing For Four Days During US Labor Day Holiday

    We strongly urge our clients to consider closing dates, lien lapses, and other filings or deadlines.
    United StatesCorporate/Commercial Law
    Morgan Lewis
    Morgan Lewis
  • Article

    Summary Of ISS 2018 Americas Proxy Voting Guidelines Specific To US Public Companies

    The updated ISS guidelines are effective for meetings on or after February 1, 2018.
    United StatesCorporate/Commercial Law
    Morgan Lewis
    Morgan Lewis
  • Article

    New York City Mayor Signs Law Barring Inquiries Into Applicants' Pay History

    New legislation effective October 31, 2017 prohibits employers from asking New York City job applicants about their past compensation and benefits.
    United StatesEmployment and HR
    Morgan Lewis
    Morgan Lewis
  • Article

    DC Circuit Affirms FERC Decision On MISO Cost Allocation

    The US Court of Appeals for the District of Columbia denied challenges to Federal Energy Regulatory Commission orders that rejected a Midcontinent Independent System Operator (MISO) ....
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    Department Of Transportation Kicks Tires On EV Programs Under New Infrastructure Law

    The US Department of Transportation's Federal Highway Administration (FHWA) recently issued a notice seeking public comment on two new electric vehicle (EV) programs that will receive funding under the...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    DOE May Be Considering Mandatory Purchases To Support ‘Fuel-Secure' Generation For 24 Months

    The White House announced late last week that President Donald Trump has directed Energy Secretary Rick Perry to "prepare immediate steps to stop the loss" of "fuel-secure power facilities," ...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    Extension Of Fiduciary Rule Transition Period Likely Official End Of November

    On November 1, the White House Office of Management and Budget (OMB) received a much-anticipated notice from the US Department of Labor (DOL) named "18-Month Extension of Transition Period...
    United StatesFinance and Banking
    Morgan Lewis
    Morgan Lewis
  • Article

    OCR Announces First HIPAA Settlement With Wireless Health Services Provider

    The $2.5 million settlement reflects the agency's focus on mobile health privacy.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Morgan Lewis
    Morgan Lewis
  • Article

    Surprise! Texas District Court Strikes Down Portions Of No Surprises Act

    In the case of Texas Medical Ass'n, et al. v. US Department of Health and Human Services, et al., the US District Court for the Eastern District of Texas on February 23 invalidated portions of...
    United StatesFood, Drugs, Healthcare, Life Sciences
    Morgan Lewis
    Morgan Lewis
  • Article

    Proposed Rule To Benefit Certain Immigrant Startup Entrepreneurs

    USCIS published an advance copy of a proposed rule that would extend discretionary parole to certain international entrepreneurs to allow them to establish new businesses in the United States.
    United StatesImmigration
    Morgan Lewis
    Morgan Lewis
  • Article

    Significant Change To US Department Of State Visa Bulletin

    It is our understanding that the State Department intends to create two separate categories of cut-off dates, both of which would be reflected in each monthly Visa Bulletin.
    United StatesImmigration
    Morgan Lewis
    Morgan Lewis
  • Article

    Billboard Tax Imposed On New York City’s Commercial Renters

    Companies with ads on New York’s billboards may find that tax collectors are their first customers.
    United StatesTax
    Morgan Lewis
    Morgan Lewis
  • Article

    IRS Proposes Regulations Regarding Hardship Withdrawals

    The US Internal Revenue Service has released proposed regulations requiring retirement plans to eliminate the six-month suspension for hardship withdrawals made on and after January 1, 2020...
    United StatesTax
    Morgan Lewis
    Morgan Lewis
  • Article

    Tax Reform Bill Proposes To Eliminate UBTI Exemption For Government Plans

    House bill, if enacted, will alter tax analysis with respect to fund investments.
    United StatesTax
    Morgan Lewis
    Morgan Lewis
  • Article

    SASB And IIRC Agree To Memorandum Of Understanding

    Two private sector organizations will likely have a greater impact on disclosures by public companies now that they have entered into a Memorandum of Understanding.
    United StatesAccounting and Audit
    Morgan Lewis
    Morgan Lewis
  • Article

    The Increased Focus On Audit Committees

    Regulators and others have been increasing their focus on audit committee performance, noting the importance of the committees to the credibility of financial statements.
    United StatesAccounting and Audit
    Morgan Lewis
    Morgan Lewis

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