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The EU has also adopted and begun implementing the EU Sustainable Finance Disclosure Regulation ((EU) 2020/852) (the “SFDR”), which requires financial market participants such as banks, insurance companies, pension funds, investment firms and financial advisors to make ESG-related disclosures about their investment decision-making processes as well as specified disclosures about financial products marketed as having sustainable characteristics or objectives. [read post]
2 Aug 2022, 11:18 am by Kevin Kaufman
Corporate and International Taxes Imposes a 15 percent minimum tax on corporate book income for corporations with profits over $1 billion, effective for tax years beginning after December 31, 2022. [read post]
1 Aug 2022, 9:01 pm by Jeff Lubitz
The Fair Fund was created to resolve allegations against the Boston-based multinational conglomerate related to a failing to disclose material information in its power business and worsening trends in its insurance business. [read post]
29 Jul 2022, 5:34 am by Brian Turetsky
  Amendments to the MLA in 2013 granted enforcement authority to the FTC and the other agencies specified in Section 108 of TILA, including the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency. [read post]
26 Jul 2022, 9:01 pm by William A. Birdthistle
As we know, fund shareholders often do not participate in important votes.[10] Further, investors in funds are not always aware how portfolio shares are voted by the funds in which they are invested.[11] This lacuna creates a scenario where investors’ voices are being entirely delegated and used indirectly to influence portfolio companies’ behavior without investors’ awareness, attention, or, perhaps even interest. [read post]
25 Jul 2022, 4:20 am by Public Employment Law Press
  Municipal Audits Finger Lakes Horizon Economic Development Corporation – Revolving Loan Fund Program (2022M-36) The board did not properly manage and monitor the revolving loan fund program. [read post]
25 Jul 2022, 4:20 am by Public Employment Law Press
  Municipal Audits Finger Lakes Horizon Economic Development Corporation – Revolving Loan Fund Program (2022M-36) The board did not properly manage and monitor the revolving loan fund program. [read post]
21 Jul 2022, 8:21 am by Angelina Cameron
  Singapore has a pension program called the Central Provident Fund (CPF). [read post]
20 Jul 2022, 8:17 am by Jeff R. Vaisa
The dispute was over a home insurance claim where two homeowners sued their insurance carrier, State Farm, for denying a claim for a frozen water pipe and subsequent water damage to their home. [read post]
19 Jul 2022, 2:59 pm by Kevin LaCroix
Introduction   Five years ago, we surveyed a decade’s worth of federal district court decisions on motions to dismiss securities claims brought against development-stage biotech companies to answer an important question: are these cases more likely to survive a motion to dismiss—and therefore riskier to insure against—than other securities class actions, as D&O insurers have traditionally assumed? [read post]
18 Jul 2022, 2:46 pm by Kevin LaCroix
In the following guest post, ISS Securities Class Action Services and the FOX Williams law jointly report on the current state of play in European Class Actions. [read post]
18 Jul 2022, 7:56 am
Deferring income or benefits - Corporate officers or those who work in executive positions may have opportunities for delaying the receipt of income until a future date. [read post]
15 Jul 2022, 9:07 am by Holly Brezee
Large multi-national corporations with eyes on the cannabis sector are largely keeping their powder dry until questions of federal prohibition are addressed. [read post]
13 Jul 2022, 1:55 am by Kyle Hulehan
Since unemployment insurance (UI) tax systems are similar in every state, a small change in one state’s policies can change its UI tax component ranking dramatically. [read post]
7 Jul 2022, 6:03 am by Matthew D. Lee
There are a number of factors to consider with respect to employer group health plan coverage for abortion services, including whether the plan: is subject to the Employee Retirement Income Security Act of 1974, as amended (ERISA)is fully insured or self-insured (self-funded), given that insurers of fully insured plans are subject to state insurance lawsprovides coverage to individuals who are residents of states that allow… [read post]
The CPP aimed to effect this shift by setting stringent goals for each state to cut power plant emissions by 2030. [read post]
Investors and insurance providers are increasingly worried about the spiking number of attacks against local government information technology (IT) services and data. [read post]
5 Jul 2022, 9:05 pm by Martin Gelter
With only a small investment in any firm, efforts to reduce agency costs may not be cost-justified either for a diversified retail investor or a fund. [read post]
5 Jul 2022, 10:32 am by Dan Lopez
These are former journalists, former reporters, policymakers, who are very concerned about declining competition much like the progressives, but who have a very different view of the role of the antitrust laws in terms of an expansive view of the design of the laws to control political power, corporate power and its translation through economic power. [read post]
30 Jun 2022, 11:27 am by Andrew N. D'Aversa
The OCC also promises greater clarity on regulation of digital assets to come in the future, likely a reference to the Sprint Initiative the OCC is engaged in with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, on which we previously blogged. [read post]