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|Idaho Legislative Update - Fall 2014|
Jonathan Parker; Holland Hart LLP;
November 17, 2014, previously published on October 24, 2014With less than two weeks until the November 4 general election, Idaho’s campaign season is in full swing and the political community’s attention is centered on the elections. At stake this election cycle in Idaho is a U.S. Senate seat, two Congressional offices, and all of Idaho’s...
|MSRB Proposes to Extend "Gifts" Rule to Municipal Advisors|
J. Andrew Gipson; Jones Walker LLP;
November 17, 2014, previously published on November 6, 2014The Municipal Securities Rulemaking Board ("MSRB") on October 23, 2014, issued a request for comment on proposed rule amendments expanding application of Rule G-20 to municipal advisors. MSRB Rule G-20 presently governs gifts, gratuities, and non-cash compensation given or permitted to be...
|Governor Signs Sports Betting Bill; Clarification Motion Withdrawn|
Christopher L. Soriano; Duane Morris LLP;
November 17, 2014, previously published on October 17, 2014On October 16, 2014, the New Jersey Legislature passed Senate Bill 2460, which changed the legal framework for sports betting in New Jersey. Today, Governor Christie signed that legislation into law. Immediately thereafter, the Attorney General’s office withdrew the State’s application...
|SEC Approves MSRB's First Dedicated Rule for Municipal Advisors|
Matthew Bobys, Kenneth A. Gross, Ki P. Hong, Melissa L. Miles, Patricia M. Zweibel; Skadden, Arps, Slate, Meagher & Flom LLP;
November 17, 2014, previously published on October 31, 2014On October 23, 2014, the Securities and Exchange Commission (SEC) approved Municipal Securities Rulemaking Board (MSRB) Proposed Rule G-44, the MSRB's first dedicated rule for municipal advisors, with conforming changes to Rules G-8 and G-9 (required records and preservation period, respectively)...
|SEC Introduces "Control Person" Liability as Enforcement Action Weapon in Claim Against Municipal Officer for Misleading Bond Offering Document|
Leonard Weiser-Varon; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
November 17, 2014, previously published on November 10, 2014The U.S. Securities and Exchange Commission recently settled the first securities fraud charges brought against a municipal official alleging "control person" status under the federal securities laws. The SEC’s settlement with the former mayor of the city of Allen Park, Michigan...
|Government of India Discloses Names of Overseas Bank Account Holders: Risk and Ramifications Analysis|
Saionton Basu; Duane Morris;
November 17, 2014, previously published on October 29, 2014The GOI is obligated to disclose to the Supreme Court all such names of account holders it has received from cooperating territories and investigating agencies under the Egmont Principles, in line with past Supreme Court directives.
|2014 Florida Election Results|
Nicole Graganella; Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
November 15, 2014, previously published on November 5, 2014Florida Governor Rick Scott (R) was re-elected to another four-year term last night, November 4, 2014, defeating Democrat Charlie Crist, who served as Florida Governor from 2007 to 2011.
|Florida Senator Bill Galvano to Serve as Majority Leader|
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
November 15, 2014, previously published on November 5, 2014Florida Senate President-Designate Andy Gardiner (R-Orlando) announced today, November 5, 2014, that he has appointed Senator Bill Galvano (R-Bradenton) as Majority Leader for the 2014-2016 legislative term.
|Is Texas Following Florida’s Lead on Changing the Economic Loss Rule?|
Mary Jo Kuusela; Butler Pappas Weihmuller Katz Craig LLP;
November 15, 2014, previously published on October 13, 2014Practicing in both Florida and Texas I have seen the Economic Loss Rule evolve over the years, and its direct impact on the recovery potential for our subrogation claims appears to be moving in a positive direction. Recently, the Texas Supreme Court held in a per curium opinion in Chapman Custom...
|31 State Attorneys General Elected to Office|
Joseph W. Jacquot; Foley Lardner LLP;
November 14, 2014, previously published on November 5, 2014Of the 50-state Attorneys General (AGs), 43 are elected. In 2014, 31 AGs were on the ballot of which 11 were open seats. Unofficial results are in, so meet the new Attorneys General.