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HTMLKey Class Action Takeaways From Briseno v. ConAgra Foods
Robert J. Herrington, Jeff E. Scott, Rick L. Shackelford; Greenberg Traurig, LLP;
Legal Alert/Article
February 7, 2017, previously published on January 17, 2017
In Briseno v. ConAgra Foods, Inc., --- F.3d --- (9th Cir. Jan. 3, 2017), the Ninth Circuit held that Rule 23 does not require plaintiffs to establish an “administratively feasible” means of identifying putative class members, expressly rejecting decisions like Carrera v. Bayer Corp.,...

 

HTMLMortgage Servicers Subject to New California Law Protecting Surviving Spouses and Heirs; Violations Carry Steep Penalties
Jennifer L. Gray; Greenberg Traurig, LLP;
Legal Alert/Article
February 7, 2017, previously published on January 12, 2017
A new California law protects widowed spouses and other survivors, including domestic partners, heirs, siblings, joint tenants, and other people who own their homes but are not listed on the mortgage, from foreclosure following the death of a mortgagor. The Homeowner Survivor Bill of Rights (SBOR),...

 

HTMLA Fast Track for New Gaming Devices in Nevada
Mark A. Clayton, Erica L. Okerberg; Greenberg Traurig, LLP;
Legal Alert/Article
February 7, 2017, previously published on January 11, 2017
In Nevada, a licensed gaming device manufacturer may deploy a new gaming device after successfully completing the approval process, which includes a lab evaluation, field trial, and review/approval by the Nevada Gaming Control Board and the Nevada Gaming Commission. The manufacturer must submit the...

 

HTML2017 SEC Exam Priorities for Securities Industry Registrants
Richard M. Cutshall, Christopher P. McHugh; Greenberg Traurig, LLP;
Legal Alert/Article
February 6, 2017, previously published on January 18, 2017
The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) released its annual list of examination priorities for 2017 on Jan. 12, 2017. The examination priorities were previously summarized in the Greenberg Traurig Financial Services Observer.

 

HTMLAmgen Inc. v. Sandoz Inc. Expected to Clarify BPCIA Obligations
Scott J. Bornstein, Cort W. Welch; Greenberg Traurig, LLP;
Legal Alert/Article
February 6, 2017, previously published on January 17, 2017
The Biologics Price Competition and Innovation Act of 2009 (BPCIA) established an abbreviated approval process for biosimilar applications, but that process forces drug makers to navigate uncertain obligations for an applicant’s disclosure of its application and notice of commercial...

 

HTML'Brexit means Brexit' - UK outlines plans for Brexit
Addiped Cheng, Declan Grady, Gillian Sproul; Greenberg Traurig, LLP;
Legal Alert/Article
February 6, 2017, previously published on January 18, 2017
Shortly after taking office on 14 July 2016, UK Prime Minister Theresa May resisted suggestions that the UK's Referendum vote to leave the European Union might not be followed through. She stated: "Brexit means Brexit and we are going to make a success of it". Since then, there has been...

 

HTMLMorristown, New Jersey, Implements Paid Sick Leave Ordinance
Danielle E. Gonnella, Raquel S. Lord; Greenberg Traurig, LLP;
Legal Alert/Article
February 1, 2017, previously published on January 17, 2017
On Jan. 11, 2017, Ordinance 35-2016 took effect in Morristown, New Jersey, entitling private-sector employees who work at least 80 hours during a calendar year in Morristown to paid sick leave. The Ordinance, which was passed by the Town Council on Sept. 13, 2016, grants employees leave to care for...

 

HTMLArgentina - Foreign Exchange Market: Reduction of the Minimum Stay for Portfolio Investments and Financial Indebtedness
Mark A. Lopez; Greenberg Traurig, LLP;
Legal Alert/Article
February 1, 2017, previously published on January 17, 2017
On January 5, 2017, the Argentine Ministry of Treasury (Ministerio de Hacienda) issued Resolution No. 1-E/2017 (the Resolution), reducing to zero the prior minimum stay of 120 calendar days during which proceeds received from (a) portfolio investments of non-residents, and (b) new financial...

 

HTMLThe Supreme Court Agrees to Determine Whether SEC Actions Seeking Disgorgement are Subject to the Five-Year Limitations Period Set Forth in 28 U.S.C. § 2462
Donald S. Davidson, Robert A. Horowitz, Jason S. Lewis; Greenberg Traurig, LLP;
Legal Alert/Article
February 1, 2017, previously published on January 18, 2017
At the urging of both an individual petitioner and the SEC, the Supreme Court has agreed to resolve a recent circuit split as to whether the five-year limitations period applicable to SEC enforcement actions applies to the remedy of disgorgement. Kokesh v. SEC, --- S. Ct. ---, No. 16-529, 2017 WL...

 

HTMLFINRA's 2017 Annual  Regulatory and Examination Priorities
William B. Mack, Terry R. Weiss; Greenberg Traurig, LLP;
Legal Alert/Article
February 1, 2017, previously published on January 12, 2017
On Jan. 4, 2017, FINRA released its 12th annual Regulatory and Examination Priorities Letter in which it identifies its areas of examination focus for 2017, recurring challenges faced by firms, and possible risks impacting the financial sector. FINRA’s 2017 exam priorities do not appear to be...

 


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