Intelligence

A “Friends Of” organization is a U.S. tax-exempt organization that generally advances charitable work associated with another U.S. organization or a foreign institution or cause. It may be closely identified with one overseas hospital, university, museum, or relief organization. The organizations may share a name, history, mission, supporters, and fundraising priorities. They may collaborate every day. For those Friends Of organizations that support foreign entities, the IRS has very specific requirements on how they can operate and send the funds abroad.

The D.C. Circuit adopted broad, ordinary meanings of “induce” and “remuneration” under the Anti-Kickback Statute, joining the Second and Fourth Circuits in rejecting narrower, corruption-focused interpretations.

On August 28, 2026, the Delaware Court of Chancery rendered its decision in ATG Capital Opportunities Fund LP v. Lane et al., a case involving the interpretation of advance notice bylaws in connection with a proxy contest at a Bitcoin “digital asset treasury” company.

Colorado regulates marijuana businesses through the state Marijuana Enforcement Division (MED), while local jurisdictions retain separate licensing and regulatory authority over marijuana businesses within their boundaries. The current Colorado Marijuana Rules are codified at 1 CCR 212-3 (version effective January 5, 2026). Because state rules, forms, fee schedules, and local ordinances can change, applicants should confirm relevant requirements before filing or closing a transaction.

The Delaware Court of Chancery issued the first opinion analyzing the DGCL Section 144 safe harbors in the context of a challenged merger transaction involving a conflicted director/officer, holding the safe harbors were unavailable at the pleading stage but dismissing most defendants under common law protections.

FinCEN ha eliminado permanentemente la obligación de reportar beneficiarios finales bajo la Corporate Transparency Act para empresas estadounidenses, borrando además toda la información previamente reportada.