One of the procedural innovations the PSLRA introduced was the requirement that plaintiffs’ counsel who file a securities class action lawsuit complaint must issue a press release announcing the complaint’s filing and notifying prospective class members of the opportunity to seek to become lead plaintiff. Plaintiffs’ lawyers quickly realized the potential publicity value for them from this exercise. Over time, related practices have developed, including the now commonplace practice in which plaintiffs’ lawyers issue a press release before they have … Read the rest
The Judiciary today released its Annual Report providing detailed information about mission critical initiatives that advanced over the course of 2023, including efforts to enhance the court system’s physical and information technology security and modernize its IT systems.
Judiciary News – United States Courts… Read the rest
On May 27, 2022, the OECD released two public consultation documents related to the tax certainty aspects of Amount A. The first, entitled Pillar One – A Tax Certainty Framework for Amount A(the Amount A Draft), proposes new mechanisms for multinational enterprises (MNEs) to obtain certainty on different aspects of Amount A. The second, entitled Pillar One – Tax certainty for issues related to Amount A (the Related Issues Draft), proposes a mandatory binding dispute resolution mechanism for issues … Read the rest
In a wide-ranging report, the Judiciary’s Workplace Conduct Working Group said its program to ensure an exemplary workplace has achieved broad improvements, by adding abusive conduct to longstanding protections against discrimination and harassment, imposing an express prohibition on abusive conduct, and improving processes to make it easier for employees to report and resolve workplace concerns.
Judiciary News – United States Courts… Read the rest
In 2021, the Judiciary confronted uniquely trying times: The global pandemic placed serious constraints on the courts for a second straight year, unanticipated spikes in caseloads were driven by the Jan. 6 upheaval at the Capitol and other events, and cybersecurity threats to government technology systems continued unabated.
Judiciary News – United States Courts… Read the rest
FTC Releases New Health Breach Notification Rule Guidance, Targets Health Apps and Connected Devices
In a new post on the Covington Digital Health blog, our colleagues discuss recently announced Federal Trade Commission (“FTC”) guidance meant to help companies determine their obligations under the Health Breach Notification Rule (the “Rule”). The guidance follows the FTC’s September 2021 Policy Statement, which expanded the Rule’s application to the developers of health apps, connected devices, and similar products, and similarly emphasize the FTC’s continued scrutiny of health technology. The post walks through the new guidance documents, which, notably, … Read the rest