Document(s) published by this organization: 103
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|Texas Supreme Court Petitioned To Review Allegedly Improper Characterization of Life Settlements as Securities|
Drinker Biddle Reath LLP;
November 26, 2013, previously published on November 20, 2013In the ongoing debate regarding whether investments in life settlements constitute securities, Trinity Settlement Services, LLC (Trinity) recently filed a Petition for Review in the Supreme Court of Texas, in which Trinity seeks guidance following the dismissal of Trinity’s declaratory...
|Use It or Lose It: New IRS Guidance Permits Carryover for Health FSAs|
Heather B. Abrigo, Dawn E. Sellstrom; Drinker Biddle & Reath LLP;
November 26, 2013, previously published on November 21, 2013The IRS has relaxed the rule that any amounts remaining at the end of a plan year in a health flexible spending account (health FSA) must be forfeited. But whether cafeteria plans should be amended to include this new provision is a question plan sponsors should consider carefully.
|SEC Announces First Deferred-Prosecution Agreement with an Individual|
Mary P. Hansen; Drinker Biddle & Reath LLP;
November 26, 2013, previously published on November 21, 2013On November 12, 2013, the Securities and Exchange Commission (SEC) announced it had entered into a Deferred-Prosecution Agreement (DPA) with Scott Herckis, a former hedge fund administrator, for his role in an allegedly fraudulent scheme involving Heppelwhite Fund, LP, a Connecticut-based hedge...
|The Scoop on Revenue Sharing|
Joseph C. Faucher; Drinker Biddle & Reath LLP;
November 26, 2013, previously published on November 19, 2013The Issue: What do plan fiduciaries need to know about revenue sharing?
|New AAA/ICDR Optional Appellate Arbitration Rules - Questions Abound|
Michael P. Daly, Andrew P. Foster, D. Alicia Hickok, Carol F. Trevey; Drinker Biddle & Reath LLP;
November 19, 2013, previously published on November 13, 2013On November 1, 2013, the American Arbitration Association (AAA) and its international branch, the International Centre for Dispute Resolution (ICDR), introduced new Optional Appellate Arbitration Rules. As the title indicates, the new “Optional” Appellate Rules only apply where the...
|U.S. Government Decides to Continue Duties for Five More Years on Welded Steel Pipe from China|
Richard P. Ferrin, Douglas J. Heffner, Eric (Rick) L. Johnson, William Silverman; Drinker Biddle & Reath LLP;
November 14, 2013, previously published on November 8, 2013Yesterday, the U.S. International Trade Commission (ITC) unanimously determined that revocation of the existing antidumping (AD) and countervailing duty (CVD) orders on circular welded carbon-quality steel pipe from the People’s Republic of China would result in continuation or recurrence of...
|Reigning in Reckless Regulators|
Jason P. Gosselin, Timothy J. O'Driscoll, Stephen A. Serfass; Drinker Biddle & Reath LLP;
November 8, 2013, previously published on November 7, 2013The battle between regulators and life insurers over unclaimed property continues to rage in California. Last week, Thrivent Financial for Lutherans sued California’s Controller, John Chiang. While at least two other insurers have alleged that Chiang’s demands exceed his authority under...
|Senate Approves Antitrust Anti-Retaliation Bill|
Todd N. Hutchison, Paul H. Saint-Antoine, Ronald A. Sarachan; Drinker Biddle & Reath LLP;
November 8, 2013, previously published on November 7, 2013Earlier this week, the Senate approved an anti-retaliation bill aimed at protecting whistleblowers that report or participate in investigations of violations of antitrust law. The proposed language of Senate Bill 42, or the Criminal Antitrust Anti-Retaliation Act of 2013 (CAARA), has the potential...
|Lawsuit Regarding Alleged Fraudulent Life Settlement Scheme|
Drinker Biddle Reath LLP;
November 6, 2013, previously published on October 31, 2013Who: Plaintiffs: Windsor Property and Surety, LLC and WCM Direct, LLC
|NIST Releases Draft Cybersecurity Framework|
Kenneth K. Dort; Drinker Biddle & Reath LLP;
November 5, 2013, previously published on October 30, 2013Last week the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) released its long-anticipated draft “Preliminary Cybersecurity Framework” (PCF). This PCF lays out a proposed framework by which both private and public companies that work with...