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HTMLThe NLRB’s New ‘Quickie’ Election Rules Take Effect Despite Pending Court Challenges
Justin F. Keith, Terence P. McCourt, Howard L. Mocerf; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 14, 2015
On April 14, 2015 the National Labor Relations Board’s (NLRB) new union election rules (Election Rules) went into effect. As discussed in a prior GT Alert, the NLRB adopted the new rules by a 3-2 vote with the two Republican NLRB members dissenting. As outlined below, the Election Rules make...

 

HTMLSupreme Court Issues Guidance on Disclosure of Opinions in Registration Statements
Robert A. Horowitz, Steven M. Malina; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on March 26, 2015
In a highly anticipated opinion issued earlier this week in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, 575 U.S. --- (2015), the U.S. Supreme Court disposed of a split amongst circuits and set forth a new test as to when a statement of opinion in a registration...

 

HTMLRecent DOJ and Regulatory Actions Against Smaller Institutions Suggest That Community Banks Should Continue to Carefully Consider BSA/AML Risks
Jared E. Dwyer, Carl A. Fornaris; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 15, 2015
On March 31, 2015, the National Credit Union Administration liquidated North Dade Community Development Federal Credit Union of Miami Gardens, Florida. In its press release, the NCUA reported that North Dade was liquidated because the “credit union had violated various provisions of its...

 

HTMLCuba to Be Removed from U.S. State Sponsors of Terrorism List
Kara M. Bombach, Cyril T. Brennan, Sandra K. Jorgensen, Renee A. Latour; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 14, 2015
On April 14, 2015, President Obama announced the removal of Cuba from the State Department’s list of State Sponsors of Terrorism (SSOT) and formally submitted the statutorily required delisting notification to Congress. Cuba has been designated an SSOT since March 1, 1982. Removing Cuba from...

 

HTMLCFPB Enforcement Action Against Collection Agency and Its Service Providers
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 14, 2015
On April 8, the CFPB announced that it had sued a debt collection agency, its individual owners, and its service providers in the United States District Court for the Northern District of Georgia for allegedly violating the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial...

 

HTMLCFPB Outlines Payday Loan Rule
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on March 31, 2015
The CFPB held a field hearing on payday lending March 26 in Richmond, Va., where it announced the details of the payday loan rule that it is considering proposing. Although the outline of the rule provided by the CFPB is not a formal notice of proposed rulemaking, it is referred to in this Alert as...

 

HTMLCourt Holds that ‘Supremacy Clause’ Does Not Create a Private Right of Action to Enforce the Provisions of Medicaid
Robert P. Charrow; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 1, 2015
On Tuesday, March 31, 2015, in Armstrong v. Exceptional Child Center, Inc., No. 14-15 (U.S. March 31, 2015), the Supreme Court ruled 5-4 that private parties do not have the right under the U.S. Constitution’s Supremacy Clause to sue states over low Medicaid reimbursement rates. Plaintiffs...

 

HTMLExpansion of New York State’s Lobbying Law Enacted
Mark F. Glaser, Joshua L. Oppenheimer; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on April 1, 2015
New York State’s 2015-2016 enacted budget includes a variety of changes to the State’s ethics laws, mainly pertaining to disclosure obligations for public officials who maintain outside employment and penalties for failing to comply, as well as pension forfeiture for officials convicted...

 

HTMLSupreme Court Decision Impacts Strategic Decision Making for Trademark Enforcement
Daniel I. Schloss; Greenberg Traurig, LLP;
Legal Alert/Article
April 17, 2015, previously published on March 25, 2015
On March 24, 2015, the U.S. Supreme Court held that, in some cases, decisions made by the Trademark Trial and Appeal Board (TTAB) of the U.S. Patent and Trademark Office can preclude courts from addressing the same issue decided by the TTAB. The case is B&B Hardware, Inc. v. Hargis Industries,...

 

HTMLSEC Adopts Regulation A+: Two New Alternatives for Exempt Capital Raises
Dorothee Fischer-Appelt, Godric C. Shoesmith; Greenberg Traurig Maher LLP;
Legal Alert/Article
April 17, 2015, previously published on April 2, 2015
On March 25, 2015, the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) adopted final rules implementing Title IV of the Jumpstart Our Business Startups Act (the “JOBS Act”) by amending SEC Regulation A to create two new exemptions for...

 


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