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HTMLIRS Says Bitcoin Isn’t Money
Joel Cazares; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 7, 2014
On March 25, 2014 the IRS issued Notice 2014-21, which describes how the IRS will interpret existing general tax principles to apply to transactions using “virtual currencies” such as Bitcoin. This Notice is the most recent in a line of similar regulatory pronouncements issued by...

 

HTMLCalifornia Proposition 65 Caramel Coloring Suits
Bruce Colbath; Sheppard Mullin Richter Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 8, 2014
This January, Consumer Reports, an independent product testing organization, released a report entitled “Caramel Color: The health risk that may be in your soda” detailing its investigation of the presence of 4-methylimidazole (“4-MeI”), an impurity and potential carcinogen...

 

HTMLNew Approaches - and Increasing Oversight - for Medicaid Managed Long Term Services and Support
Eric A. Klein, Rachel Landauer; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 3, 2014
Approximately one-third of Medicaid spending, $136 billion, is on long-term services and supports (LTSS). While the majority of Medicaid LTSS takes place in institutional settings, such as nursing facilities and mental health facilities, there is an ongoing emphasis on the role of non-institutional...

 

HTMLTech Company Shares Tech, Makes Self-Disclosure, Pays Penalty
Mark L. Jensen, Thaddeus Rogers McBride; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 3, 2014
On February 19, 2014, the U.S. Commerce Department announced that it had reached an agreement with Santa Clara-based Intevac, Inc. to settle allegations that Intevac violated U.S. export regulations governing exports of technology. Under the agreement, Intevac agreed to pay a civil penalty of...

 

HTMLWhat Does the First-Ever Extradition on an Antitrust Charge Mean for the Auto Parts Investigation?
Jennifer M. Driscoll-Chippendale; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 4, 2014
On April 4, 2014, the U.S. Department of Justice, Antitrust Division announced a milestone victory, having successfully litigated its first extradition for an alleged antitrust violation. Romano Pisciotti, an Italian national and former Parker ITS Srl executive, was extradited from Germany for his...

 

HTML“Going Native”
Sheppard Mullin Richter Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 8, 2014
Native advertisements represent not only an increasingly popular and effective means of promotion for marketers, it also represents a massive headache for the Federal Trade Commission (“FTC”). Native advertising, also known as corporate content or branded journalism, is marketing...

 

HTMLSeventh Circuit Affirms Lodestar Method to Determine Attorneys’ Fees in TCPA Class Action Settlement
Shannon Z. Petersen, David M. Poell; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 9, 2014
In Americana Art China Company, Inc. v. Foxfire Printing & Packaging, Inc., 743 F.3d 243 (7th Cir. Feb. 18, 2014), the U.S. Court of Appeals for the Seventh Circuit affirmed the district court’s attorneys’ fees award in a class action settlement arising from the defendant’s...

 

HTMLStarving the Bear: The United States Restricts Exports to Russia
Thaddeus Rogers McBride, Cheryl Palmeri; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 3, 2014
The pressure on Russia continues to build. As we previously reported, throughout March, the United States and other Western powers implemented a series of sanctions against individuals and entities deemed to be involved in the political destabilization of Ukraine. Those sanctions were restricted...

 

HTMLUS v. Quality Stores, Inc.: Supreme Courts Finds Severance Payments Taxable Wages Under FICA
Karin Hunter Johnson; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 11, 2014, previously published on April 9, 2014
In an 8-0 decision issued March 25, 2014 in United States v. Quality Stores, Inc., the Supreme Court held that severance payments made to employees who are involuntarily terminated are taxable wages for the purposes of withholding Federal Insurance Contributions Act (“FICA”) taxes,...

 

HTMLFacebook Announces Purchase of Oculus VR, a Virtual Reality Gaming Company
Irene Lu, Stephanie L. Zeppa; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 4, 2014, previously published on March 28, 2014
On March 25th Facebook announced the social media company’s plans to acquire Oculus VR for approximately $2 billion. Oculus is best known for its forthcoming product, Oculus Rift, a virtual reality gaming headset. By offering expansive 3D views and technology that reacts to a user’s...

 


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