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NEWS SEC's Roisman Offers Ways To Cut ESG Disclosure Costs Despite his "reservations" about the U.S. Securities and Exchange Commission developing a more prescriptive environmental, social and governance disclosure framework, Commissioner Elad Roisman on Thursday put his two cents in on how to minimize costs and burdens for firms if the anticipated new rules become a reality. Biden Unveils Plan To Crack Down On Corruption, Tax Havens President Joe Biden issued a memorandum Thursday directing a range of federal government agencies to develop a new strategy for enforcing U.S. anti-corruption laws internationally by cracking down on foreign tax havens and illicit financing, which he said "contribute to income inequality, fund terrorism and generate pernicious foreign influence."
What Benefits Attorneys Should Know About SECURE Act 2.0 Benefits attorneys should familiarize themselves with the details of a bipartisan retirement bill that's currently making its way through Congress, such as an expansion of nonprofit and government plans' investment options and an auto-enrollment mandate for new 401(k) plans. Here, Law360 breaks down key components of the SECURE Act 2.0.
SEC Waives Tipster Filing Deadline To Award $23M In Payouts The U.S. Securities and Exchange Commission waived a filing deadline to pave the way for a $10 million payout to one of two whistleblowers whose tips helped expose a "complex and fraudulent" scheme. 3rd Circ. Won't Revive Charity's Suit Over BNY Mellon Fees The Third Circuit on Thursday declined to revive a Pennsylvania philanthropic organization's lawsuit alleging BNY Mellon misrepresented its fees, reasoning that a district court made "exceptionally well-reasoned and thorough" decisions dismissing the case.
Timber Scam Receiver Seeks $3M Following Butler Snow Deal A federal receiver appointed in the wake of a massive timber industry scam in Mississippi is seeking more than $3 million in fees after reaching a multimillion-dollar settlement with Butler Snow LLP, which the receiver had accused of furthering the fraud.
Investors Sue Amazon For Docs On Market Clout, Tax Parries An Amazon.com Inc. pension fund investor sued the online retail conglomerate in Delaware's Chancery Court on Thursday, seeking expedited action on demands for records on director and officer handling of alleged anti-competitive conduct and tax-avoidance tactics. 1 Firm Eked Ahead Of Peers Amid Bumpy May IPO Market Cooley LLP steered the most initial public offerings of any firm in May, enduring a choppy period for IPOs that saw market volatility before returning to more robust levels in recent weeks. Mayer Brown Adds Ex-Stroock Tax Partner In New York Mayer Brown LLP's New York office has added its seventh partner in six months with the arrival of a former Stroock & Stroock & Lavan LLP attorney, the firm announced. What Attorneys Should Know About Fee Deferral Milestone Consulting’s John Bair explores contingency-fee structuring considerations for attorneys, laying out the advantages — such as tax benefits and income control — as well as caveats and investment options.
F. Lee Bailey, Disbarred Former OJ Simpson Atty, Dies At 87 F. Lee Bailey, a former lawyer who defended notorious clients including O.J. Simpson, Patricia Hearst and confessed Boston Strangler Albert DeSalvo, died in Georgia on Thursday. He was 87. In-House Attys From Top Law Schools, Firms Have Higher Pay Industries across the U.S. are paying their general counsel bigger total compensation packages if they attended a top law school program or previously worked for AmLaw 100 firms, according to a survey of in-house lawyers released Thursday. UVA Class On Mueller Probe To Be Taught By ... Mueller Former special counsel Robert Mueller, who supervised the investigation into Russian interference in the 2016 presidential election, will teach a course about that investigation to students at the University of Virginia School of Law, the school confirmed to Law360 on Thursday. Fragomen Bets On Biz Travel With Nomadic Acquisition Fragomen Del Rey Bernsen & Loewy LLP has bolstered its technology arm by acquiring travel document management provider Nomadic, the global immigration law firm announced Thursday. Shook Hardy Expands To St. Louis With 10-Atty Enviro Team Kansas City, Missouri-based Shook Hardy & Bacon LLP is continuing its 2021 expansion wave, opening an office in St. Louis with the addition of a 10-attorney environmental and toxic tort litigation team from Capes Sokol, the firm announced Thursday. Dem Gets More Time To Serve GOP Legislator With Riot Suit A House Democrat who hired a private investigator to find Rep. Mo Brooks so he could serve the Alabama Republican with a complaint alleging that he helped incite the insurrection at the U.S. Capitol on Jan. 6 will have another 60 days to track him down. 2nd Circ. Boots Judge From Case Over Sentencing Orders The Second Circuit on Wednesday ordered the removal of a U.S. district judge from a criminal case, ruling that he improperly compelled prosecutors to file a motion that permitted a sentence below mandatory minimum guidelines. Dem Advisory Panel Backs 9 For Fed. Judge, US Atty In Fla. A Southern District of Florida advisory panel organized by the state's Democratic U.S. representatives has recommended nine candidates for two federal district judgeships and a U.S. attorney post, including sitting jurists and partners at Akerman, Pillsbury and Holland & Knight. Coronavirus Litigation: The Week In Review The D.C. Circuit has left the U.S. Centers for Disease Control and Prevention's eviction moratorium in place, a suit accusing Airbnb of failing to repay hosts and guests for canceled bookings during the COVID-19 pandemic is heading to arbitration, and Carnival Corp. has escaped shareholder claims that it concealed coronavirus infections on its ships. Podcast The Term: Computer Misuse Is Not A Federal Crime A cop who took $5,000 to look up a stripper's license plate information may have broken department protocol and the public trust, but he did not violate federal computer crime law, Justice Amy Coney Barrett said in a decision explored by The Term podcast this week. Plus, a look at a corporate giant's failed bid to escape a $2.1 billion product liability judgment.
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