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If you have ever dreaded defending a negligence case in Pennsylvania because joint and several liability could expose you to liability for an entire verdict even if found one percent negligent, then you will welcome this news: Governor Corbett has signed legislation into law that now alters the mechanics of civil liability in negligence and strict liability actions for injury to person or property in Pennsylvania.

A new California law governing limited liability companies became effective as of January 1, 2014.

The amendments discussed in the article represent the first significant changes to the LLC Act since it went into effect in 1994.

The SEC has released the long-awaited proposed crowdfunding rules necessary to implement Title III of the JOBS Act.

On August 22, the Departments of Labor, Treasury and Health and Human Services issued proposed regulations defining the content, format and timing of the issuance of the summary of benefits and coverage ("SBC") as mandated by the Affordable Care Act.

On November 20, the Department of Labor’s Employee Benefits Security Administration (EBSA), U.S. Department of Health and Human Services (HHS), and the Treasury Department issued proposed rules titled "Incentives for Nondiscriminatory Wellness Programs in Group Health Plans."

In American Baptist Homes of the West, the Board overruled the almost 37-year-old precedent articulated in Anheuser-Busch Inc., 237 N.L.R.B. 982, 99 LRRM 1174 (1978).

The Supreme Court of the United States recently issued a decision that resolves the long-standing controversy over whether statutory discrimination claims are subject to binding arbitration under the grievance and dispute resolution procedures of a collective bargaining agreement (“CBA”).

On March 17, 2011, the Federal Energy Regulatory Commission ("FERC" or the "Commission") issued an order (the "March 17 Order") on review of a Notice of Penalty ("NOP") in which it affirmed the North American Electric Reliability Corporation's ("NERC's") proposed $80,000 penalty against Turlock Irrigation District ("Turlock"). The Turlock NOP, submitted by NERC on November 13, 2009, was the first that the Commission chose to review.

In this article, the authors describe bad boy guaranties, which provide for personal liability against borrowers and principals of borrowers upon the occurrence of certain enumerated bad acts committed by the borrower or its principals.

As a secured lender, you take a security interest in your borrower’s inventory and/or equipment and then perfect it under applicable law.

On September 17 and 18, 2008, the Securities and Exchange Commission (the "Commission") issued three emergency orders restricting certain short selling practices. These orders:

The U.S. Supreme Court ruled on April 17, 2012, in Caraco Pharmaceutical Labs. Ltd. v. Novo Nordisk A/S, slip no.10-844, that a generic pharmaceutical manufacturer can counterclaim to have a "use code" for a method of use patent corrected in the FDA Orange Book.

New Jersey's Appellate Division has made clear that low value consumer fraud class actions pending in its state courts are not subject to an ascertainability analysis.

On June 11, 2012, the United States Supreme Court granted certiorari to resolve an issue that may impact whether companies can defeat securities fraud class actions early in the litigation.

Real estate owners and developers have been increasingly turning toward preferred equity structures and investments in order to raise much needed capital for the purchase, renovation, and development of real property where such capital is unavailable from traditional lending sources.

Over the past couple of months, there have been two important developments that could affect a lender's decision whether to finance real estate transactions involving entities and individuals