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The Iowa Supreme Court has stirred up a flurry of media attention with its recent holding that "an employee who has not engaged in flirtatious conduct may be lawfully terminated simply because the boss views the employee as an irresistible attraction."

On December 21, 2011, the Securities and Exchange Commission ("SEC") adopted amendments to the "accredited investor" definitions in Regulation D and Rule 215 under the Securities Act of 1933 (the "1933 Act") to exclude the value of a person’s primary residence from the net worth calculation and clarify the treatment of borrowing secured by a primary residence for purposes of the net worth calculation.