February 15, 2012
Advisories
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Effective February 6, 2012, the Obama Administration issued Executive Order No. 13599 (“E.O. 13599”), which requires United States persons to block all property and property interests of the government of Iran and all Iranian financial institutions (including, specifically, the Central Bank of Iran) that is subject to U.S. jurisdiction. Previously, United States persons were required to reject, but not block, transactions that involved the government of Iran or Iranian financial institutions, except to the extent transactional parties were named on the Specially Designated Nationals List (“SDN List”) and were thus subject to blocking.
February 15, 2012
Advisories
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In September of 2011, Michigan passed the Health Insurance Claims Assessment Act (the “Act”), which imposes a one percent tax on, among others, certain group health plan claims paid by employer-sponsored group health plans subject to ERISA. The Act is effective from January 1, 2012, through December 31, 2013.
This advisory addresses some of the basic questions regarding the Act’s application to employers who sponsor medical plans covering employees in Michigan and suggests strategies for addressing this new law with your third-party administrators.
February 13, 2012
Advisories
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"Avoiding Double Taxation Without Competent Authority Relief," BNA, 41 TM International Journal 71, February 10, 2012.
10 February 2012
Publications
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The article discusses All-Payer Claims Databases (APCD) initiatives and, specifically, how these initiatives are not uniform, with various states taking different approaches to the purpose and implantation of APCDs. This presents thorny issues for those entities that are subject to the requirements of more than one APCD. In addition, the article discusses how implementation of the APCDs presents important issues concerning ERISA.
February 7, 2012
Advisories
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February 3, 2012
Advisories
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"Solving Insolvent Pensions: The Limitations of the Current Bankruptcy Option," 28 Emory Bankr. Dev. J. 89, 2011-2012.
2011-2012
Publications
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Featured in Bloomberg Law Report on Securities Law, discussing Judge Rakoff’s decision in SEC v. Goldman Sachs & Co., February 2012.
February 2012
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February 2012
Publications
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February 1, 2012
Advisories
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Featured in Bloomberg Law Report – Securities Law’s February 2012 edition discussing SEC/Citigroup settlement.
February 2012
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The Court of Appeal struck down the county’s use of a Negative Declaration adopted for the approval of an oak woodlands management plan and mitigation fee program. The county relied on a negative declaration because a program EIR had been prepared when the county’s General Plan was updated a few years earlier, which recognized that future development would cause impacts to the oak woodlands. But the Court of Appeal held that the program EIR did not examine the specifics of a management plan or mitigation fee program which had the potential to cause new significant impacts not studied in the program EIR.
February 2012
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“Employer Stock-Drop Cases: The Second Circuit Weighs In,” Employee Benefit Plan Review, Vol. 6, No. 8 (Aspen Publishers, Feb. 2012).
February 2012
Publications
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In his January 24, 2012, State of the Union address, President Barack Obama announced the creation of a new law enforcement task force targeting financial crimes. Specifically, President Obama tasked Attorney General Eric Holder Jr. with creating a special group of federal and state prosecutors to expand investigations into the “abusive lending and packaging of risky mortgages that led to the housing crisis.” This advisory discusses the new initiative.
January 31, 2012
Advisories
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“Pioneer Construction, Inc. v. Global Investment Corp., et al., 202 Cal.App.4th 161 (2nd Dist, December 21, 2011),” Bankruptcy e-Bulletin, Insolvency Law Committee - Business Law Section of the State Bar of California, January 30, 2012.
January 30, 2012
Publications
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January 26, 2012
Advisories
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January 26, 2012
Advisories
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January 25, 2012
Advisories
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January 25, 2012
Advisories
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The CPSC Recall Snapshot is a monthly review of consumer product recalls and civil penalties announced by the CPSC
January 2012
Advisories
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