FINRA adopted amendments to exempt business development companies ("BDCs") from FINRA Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and from paragraph (b) (Spinning) of FINRA Rule 5131 (New Issue Allocations and Distributions) on July 23, 2025.

The CFTC and NHL have signed a groundbreaking Memorandum of Understanding establishing a framework for information sharing and cooperation to protect the integrity of professional hockey and related event contracts traded...

On the long and winding road to recovery for structured products, 2011 marks a year of modest improvement in the CLO space.

The staff of the U.S. Securities and Exchange (SEC) recently posted responses to frequently asked questions.

On March 19, 2025, the SEC staff published two new Marketing Rule FAQs that relieve issues with displaying investment performance under previous staff guidance.

The law regarding whether apps are products subject to product liability statutes remains unsettled, but the determination of their status will have a significant impact on the scope of future claims against developers.

In Roubert v. Amazon, the plaintiff employee sued Amazon after she allegedly tripped over a bolt at an Amazon warehouse and claimed injuries to her shoulder, knee, and back. 2025 WL 607060, at *1 (E.D. Pa. Feb. 25, 2025).

Recent decisions reaffirm courts' willingness to reject arguments that a defendant waived arbitration rights by participating in litigation.

This monthly newsletter examines significant legal trends and landmark cases in product liability and mass torts, from RICO liability in fabricated medical records schemes to AI chatbot regulation and PFAS drinking water standards. The analysis covers critical developments including the Supreme Court's FIFRA preemption ruling in Roundup litigation, bankruptcy estate successor liability clarifications, and emerging issues around AI-generated expert testimony.

The Internal Revenue Service (IRS) recently issued new proposed regulations clarifying when restricted property is granted with a "substantial risk of forfeiture"

Courts are increasingly confronting requests for party communications with AI platforms and are applying traditional privilege and work-product principles to resolve them. Key facts likely to drive the analysis include the nature of the relationship...

The New York Department of Financial Services warns regulated entities about AI-enabled cyber threats, the FTC enforces new intimate image removal requirements and settles deceptive AI marketing claims, while the European Commission issues its first major Digital Services Act fine against an e-commerce platform for inadequate risk assessment.

The SEC noted that the Proposed Amendments are intended to "reduce reporting burdens without significantly affecting the SEC's use of the data or the public's ability to assess relevant information about a [reporting] fund."

Royalties and licensing fees from intellectual property used in the operation of tangible property in Pennsylvania are not subject to sales and use tax. Intellectual property is something separate, and is not merely an ancillary or incidental part of taxable tangible property.

Contracts often contain exclusion clauses which seek to exclude or limit liability.

ESMA has responded to the EU Commission's March 2024 proposed amendments to the ELTIF 2.0 RTS.

On 25 June of this year, Hong Kong received a new Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products (the "Handbook") issued by the Hong Kong Securities and Futures Commission (the "SFC").

The German Ministry of Finance issued on 15 April 2010 a Tax Circular ("Tax Circular") clarifying the tax reporting obligations of German investors holding shares or similar interests in non-German partnerships and in other (corporate) entities.

A companion bill to the "U.S. Covered Bonds Act of 2011" (the "Act"), which was introduced earlier this year in the U.S. House of Representatives, was recently introduced in the U.S. Senate.

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