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In a much-anticipated decision, the U.S. Court of Appeals for the Second Circuit joined five other circuits in ruling that employer stock in a 401(k) plan is subject to a "presumption of prudence" that a plaintiff alleging fiduciary breach can overcome only upon a showing that the employer was facing a "dire situation" that was objectively unforeseeable by the plan sponsor.

Exchange traded funds (ETFs) and similar vehicles organized in the United States have become increasingly popular investment choices for Latin American investors.

In an important decision, the California Supreme Court held recently in Ameron Intern. Corp. v. Ins. Co. of the State of Pennsylvania (Ameron) that a subcontractor’s insurers were required to defend and indemnify the company against its administrative appeal of a governmental agency order requiring it to pay damages for supplying defective products.

On June 23, the U.S. House of Representatives passed the America Invents Act (304-117) (H.R. 1249), which will alter some central aspects of the current patent system.

On June 8, Governor Daniel P. Malloy (D) signed into law "An Act Mandating Employers Provide Paid Sick Leave To Employees" (the Act), which requires employers to provide paid sick leave to their service workers.

Failure to provide detailed cost data relating to the provision of oil transportation service causes FERC to deny a pipeline's request to charge market-based initial rates.

On June 24, the U.S. Supreme Court issued rulings in three significant cases involving honest services fraud under 18 U.S.C. § 1346, which purported to criminalize behavior that deprives another of "the intangible right of honest services."

On December 15, 2010, the New York State Department of Labor (NYDOL) announced that it had finalized the state’s Hospitality Industry Minimum Wage Order (the Wage Order).

In a move that may be considered by many as the Obama administration’s boldest attempt to impose employer neutrality in connection with union organizing and collective bargaining, the U.S. Department of Labor’s (DOL’s) Office of Labor Management Standards (OLMS) has proposed a sweeping expansion of employer and consultant reporting requirements for so-called "persuader activity."

Recently, in "United States v. Borrasi", the Seventh Circuit aligned with the Third, Fifth, Ninth, and Tenth Circuits in determining that the Anti-Kickback Statute (AKS) is violated where at least a portion of a payment made to a physician was intended to induce that physician to refer patients to the paying entity.

EB-3 category for individuals from most countries advances significantly, and EB-2 category for individuals from India advances by five-and-a-half months.

Unitek Global Services, Inc. ("Unitek" or the "Debtor") filed for bankruptcy under Chapter 11 of the Bankruptcy Code on November 3, 2014 in the United States District Court for the District of Delaware.

This Outline highlights selected U.S. Securities and Exchange Commission (the "SEC" or the "Commission") and Financial Industry Regulatory Authority ("FINRA") enforcement actions and developments regarding broker-dealers during the first half of 2010.

Type III supporting organizations should take steps to comply with new regulations and funders should review due diligence procedures for grants made to these organizations.

After years of online and offline discussions, international meetings, and many versions of proposed controlling documents, in June 2011 ICANN (described below) voted to allow up to 1,000 new top-level domains (TLDs) on the Internet in the near future.

The limited exemption will provide broker-dealers with more time to make necessary operational or systems changes.