Featured Federal Law Update

Tax Law  |  Expert Legal Commentary

Steinhart v. Co. of Los Angeles: Transfer of Life Estate is a “Change in Ownership” of Real Property

By H. Jacob Lager of Zuber & Taillieu LLP

The Supreme Court of California ruled that transfer of property to a revocable trust of which the transferor is sole beneficiary does not constitute a “change in ownership” triggering property reassessment under California law because the owner is still essentially the same person. However, if that trust subsequently becomes irrevocable… More...

Expert Legal Commentaries

Patent Law

Forest Group v. Bon Tool: Upping the Incentives for False Marking Claims

March 4, 2010

The Federal Circuit has determined that the maximum fine for violation of the federal false marking statute should be applied on a per article basis, rather than the “per decision”… More...

Securities Law

Electronic Trading v. Banc of America: Federal Securities Laws Preclude Antitrust Laws re: Short Sale Litigation

February 26, 2010

The U.S. Court of Appeals for the Second Circuit dismissed a putative antitrust case relating to short sale transactions on the grounds that federal securities laws precluded the application of… More...

Patent Law

Prometheus Labs v. Mayo: Preserving Patentability of Medical Diagnostics

February 19, 2010

The Federal Circuit has preserved patent-eligibility for medical diagnostics testing, finding that the administration of drugs and determination of resulting chemical levels can meet the machine-or-transformation test set forth in… More...

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Copyright Law

Employment Law

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Trademark Law

Legal Industry News

Court Cuts $5 Million Fee Award, Calling It An Unnecessary “Rolls Royce” Defense

March 10, 2010

California’s 4th District Court of Appeal ruled that a trial court erroneously “rubber stamped” $5 million in attorney fee requests from three big firms that simultaneously represented the former trustee… More...

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New Statutes, Regulations, and Rules

Tax Law

SCOTUS: City of NY Can’t Use RICO to Sue Internet Cigarette Sellers for Lost Tax Revenues

March 10, 2010

Voting 5-3, the Supreme Court of the United States (“SCOTUS,” or “SC”) ruled that the City of New York can not use the federal racketeering law… More...

Securities Law

Proposed FINRA Rule Provides for Attorney Representation of Non-Party Witnesses in Arbitration

March 4, 2010

The Financial Industry Regulatory Authority, Inc. (“FINRA”) (f/k/a National Association of Securities Dealers, Inc. (“NASD”)) has filed with the Securities and Exchange Commission (“SEC” or “Commission”)… More...

Employment Law

Department of Labor Announces Rules to Enhance Retirement Advice and Transparency for Workers

March 1, 2010

The U.S. Department of Labor (“DOL””) has announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k),… More...

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Copyright Law  |  Employment Law  |  Patent Law  |  Securities Law  |  Tax Law  |  Trademark Law

Other Federal Law Updates

Tax Law
New Proposed Legislation

CA State Assembly Passes Bill That Classifies Offshore Income As Domestic Income

March 11, 2010

The California State Assembly has approved by a vote of 41 to 28 legislation (“AB 1178”) that would classify income from offshore tax havens as domestic… More...

Patent Law
New Proposed Legislation

Senate Judiciary Committee Unveil Details of Patent Reform Agreement

March 9, 2010

Leaders of the Senate Judiciary Committee have announced details of an agreement on long-pending legislation to make needed reforms to the nation’s patent system. More...

Trademark Law
New Proposed Legislation

Bill to Ease Burdens on Trademark Owners Set to Become Law After Its Passage in the House and Senate

March 8, 2010

Legislation authored by Senator Patrick Leahy (D-Vt.) to help assist trademark owners in maintaining the protection of their brands will now head to the President’s desk… More...

Securities Law
New Proposed Legislation

Omnibus Small Business Stimulus Bill Goes to Senate Panel after House Passage

March 8, 2010

An omnibus stimulus bill for small businesses, the Small Business Financing and Investment Act of 2009, H.R. 3854, has been referred to the Senate Committee on… More...

Securities Law
New Proposed Legislation

Senate Bill Restricts Corporate Spending in Elections

March 3, 2010

U.S. Sen. Sherrod Brown (D-OH) has unveiled legislation that aims to place restrictions on corporate spending in elections. More...

Employment Law
New Proposed Legislation

Massive Bipartisan Job-Creation Bill Pushed in the Senate

March 2, 2010

The draft Hiring Incentives to Restore Employment (“HIRE”) Act of 2010 is a bipartisan legislative proposal authored by Sens. Max Baucus, D-Mont., and Chuck Grassley, R-Iowa,… More...

More Federal Law Updates

Copyright Law  |  Employment Law  |  Patent Law  |  Securities Law  |  Tax Law  |  Trademark Law

Feed From Law Shucks™

A self-deprecating look at life in and after BigLaw

Quinn Emanuel Changes Name, Still Called Quinn Emanuel

March 11, 2010

Quinn Emanuel Urquhart & Sullivan LLP (nee(-ish) Quinn Emanuel Urquhart Oliver & Hedges LLP) just… More…

Note to W&C: Promoting Associates No Substitute for Lost Partners

March 10, 2010

Not sure why White & Case thinks people will be fooled by this: White &… More…

Tips for In-House Counsel

New FDIC Guidelines Offer Helpful Hints for Real Estate Workouts

By Michael J. Zerman of Zuber & Taillieu LLP

On October 30, 2009, the Federal Deposit Insurance Corporation (“FDIC”), together with other federal regulatory… More...

IRS Liberalizes Rules for Restructuring Mortgages Held by REMICs

By Patrick Del Duca, H. Jacob Lager and Michael J. Zerman of Zuber & Taillieu LLP

The Internal Revenue Service and the U.S. Department of Treasury recently published new guidance to… More...

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