Legal Technology News

KPMG: The Use of Cloud Enablement Services Projected to Grow by 92% in the Next 12 Months

As organizations continue to expand their use of global business services (GBS), the growth of both domestic and offshore shared services continues to outpace that of traditional outsourcing, according to the latest quarterly survey of sourcing service providers and KPMG advisers by KPMG LLP, the audit, tax and advisory firm. More...

Expert Legal Commentaries

Securities Law

Lawson et al. v. FMR LLC: Sarbanes-Oxley’s Whistleblower Protection Is Limited to Employees of Publicly Traded Companies

March 28, 2012

In a split decision, the First Circuit recently held that Sarbanes-Oxley’s whistleblower protection is limited to employees of publicly traded companies and thus excludes employees of a publicly traded company’s… More...

Patent Law

Mayo v. Prometheus: The Supreme Court Reverses the Federal Circuit, Finding Prometheus' Patents Cover Laws of Nature and Therefore Ineligible Subject Matter

March 21, 2012

A unanimous Supreme Court recently reversed the Federal Circuit in Mayo Collaborative Services v. Prometheus Labs Inc., (U.S. S Ct. decided March 20, 2012) holding that the two Prometheus patents… More...

Tax Law

TIFD III-E, Inc. v. United States: Second Circuit Rejects Debt Holder as Partner, Enforces § 6662 Penalties

March 21, 2012

The Second Circuit recently found that partners whose interests are bound by overwhelmingly debt-like features are not partners for tax purposes. In TIFD III-E, Inc. v. United States, 666 F.3d… More...

Patent Law

Celsis In Vitro, Inc. v. Cellzdirect, Inc.: Federal Circuit Disagrees on Obviousness Analysis Post-KSR

March 16, 2012

The Federal Circuit recently affirmed a preliminary injunction after analyzing patent for obviousness in light of KSR. In Celsis In Vitro, Inc. v. Cellzdirect, Inc., 664 F.3d 922 (Fed. Cir.… More...

Employment Law

Hosanna-Tabor Evangelical Church v. EEOC: Supreme Court Confirms Ministerial Exception to Employment

February 27, 2012

The Supreme Court recently confirmed the applicability of the ministerial exception found under the First Amendment in precluding the application of employment discrimination laws to ministers. In Hosanna-Tabor Evangelical Church… More...

Legal Technology News

NVIDIA and Intellectual Ventures Partner to Acquire Portfolio of Wireless Tech Patent Assets

May 16, 2012

NVIDIA (NASDAQ: NVDA) and Intellectual Ventures (IV®) have jointly acquired a set of technology patents developed and owned by IPWireless. More...

BDO Survey Shows U.S. Tech Companies Still Consider Breaches in Technology Security, IP Infringement, and Legal Proceedings as High Risk Factors

May 15, 2012

Interruptions and impediments to supply chain operations continue to rank among the greatest concerns for U.S. technology companies, according to an annual report issued by BDO USA, an accounting and… More...

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Legal Industry News

British Lawyer Arrested for Participating in 11-Year Tax Fraud Scheme Involving Swiss Bank Accounts

May 16, 2012

On Friday, federal agents arrested Michael Little, a British attorney who is also licensed to practice law in New York. He was arrested on charges that he participated in an… More...

New York-Based Securities Lawyer Is One of Four Defendants Sentenced to Prison for Role in $7 Million Fraudulent Stock Manipulation Scheme

May 15, 2012

Two stock promoters, a securities lawyer, and a stock trader, associated with a Costa Rican brokerage firm, were sentenced late last week in the Southern District of Florida for their… More...

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New Statutes, Regulations, and Rules

Tax Law

IRS Provides Penalty Relief to Farmers Affected by MF Global Bankruptcy

May 16, 2012

The Internal Revenue Service has provided penalty relief to farmers who incur estimated tax penalties because they did not timely receive Forms 1099 from MF Global… More...

Employment Law

US Labor Department Publishes Revised List of Products Made with Forced or Indentured Child Labor

May 15, 2012

The U.S. Department of Labor’s Bureau of International Labor Affairs has published a revised list of products that federal contractors must certify under Executive Order 13126… More...

Employment Law

US Labor Department’s OSHA Announces New National Emphasis Program for Nursing and Residential Care Facilities

May 10, 2012

The U.S. Department of Labor's Occupational Safety and Health Administration has announced a new National Emphasis Program for Nursing and Residential Care Facilities to protect workers… More...

Other Federal Law Updates

Securities Law
New Releases/No Action Letters

SEC Releases Risk Alert on Unauthorized Trading

May 16, 2012

The Securities and Exchange Commission has released an alert to help firms prevent and detect unauthorized trading in brokerage and advisory accounts. More...

Securities Law
New Releases/No Action Letters

FTC Closes Eight-Month Investigation of Express Scripts, Inc.'s Proposed Acquisition of Pharmacy Benefits Manager Medco Health Solutions, Inc.

May 15, 2012

The Federal Trade Commission has closed its investigation of the proposed acquisition of pharmacy benefits manager Medco Health Solutions, Inc. by Express Scripts, Inc. More...

Securities Law
New Releases/No Action Letters

SEC Establishes New Supervisory Cooperation Arrangements with Foreign Counterparts

May 10, 2012

The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part… More...

Employment Law
New Proposed Legislation

Senators and Congressmen File Separate Bills Prohibiting Employers from Requiring Employees to Give Access to their Social Networking Accounts

May 9, 2012

Senators Richard Blumenthal (D-CT), Chuck Schumer (D-NY), Ron Wyden (D-OR), Jeanne Shaheen (D-NH), and Amy Klobuchar (D-MN) have introduced legislation aimed at curbing the growing practice… More...

Securities Law
New Releases/No Action Letters

SEC Issues Risk Alert on Strengthening Practices for Underwriting of Municipal Securities, and Investor Bulletin on Municipal Bonds

May 3, 2012

The Securities and Exchange Commission has issued a Risk Alert on compliance measures to help broker-dealers fulfill their due-diligence duties when underwriting offerings of municipal securities.… More...

Securities Law
New Proposed Legislation

Bipartisan Bill for More Effective Oversight of Investment Advisers Proposed

May 3, 2012

The Investment Adviser Oversight Act of 2012 would amend the Investment Advisers Act of 1940 to provide for the creation of National Investment Adviser Associations (NIAAs)… More...

Tips for In-House Counsel

The Consumer Financial Protection Bureau Flexes Its Muscle on Attorney-Client Privilege

By Andrew Erskine of Zuber & Taillieu

The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) is asserting its authority to demand… More...

Waging a Privacy War In The Global Marketplace: How Are Targeted Advertising Business Models At Risk?

By David F. Michail of Zuber & Taillieu

Trillions of bits of data are being transmitted all over the world every second. Sequences… More...