News

Historic $2.9 Billion Anti-Bribery Settlement Has Important Takeaways for Manufacturers

By EsqSocial Corporation 29/10/20

It would be a mistake to think that the $2.9 billion settlement Goldman Sachs Group Inc. has agreed to pay in order to resolve allegations of widespread bribes to government officials in Malaysia and the United Arab Emirates has no relevance to those in the manufacturing industry....

When Sugars are Not Counted as Sugars: FDA Clarifies Nutrition Facts Labeling Requirements for Allulose

By EsqSocial Corporation 29/10/20

Key Points - The FDA will exercise enforcement discretion when Nutrition and Supplement Facts Labels (a) exclude allulose from Total Sugars and Added Sugars declarations, and (b) use as low as 0.4 kcal/g for allulose calorie count; but allulose must be included as a Total Carbohydrate....

DOJ Procurement Collusion Strike Force Announces a Permanent Director and Brings Its First Public Indictment Against an Engineering Firm and Former Executive

By EsqSocial Corporation 29/10/20

Last November, the Department of Justice announced that it was forming a government procurement collusion strike force comprised of prosecutors from both the DOJ Antitrust Division and United States Attorney’s offices from across the country, the FBI, and Inspectors General from the Department of

2021 Employee Benefit Plan Limits Announced by IRS

By EsqSocial Corporation 29/10/20

The IRS has released the 2021 cost-of-living adjustments for limits on employee benefits with some adjustments to the 2021 rates including minor increases to the maximum contributions allowed under Code Section 415 for defined contribution plans (e.g.

Required Revisions to Nutrition and Supplement Facts Labels are to be Fully Implemented by January 1, 2021

By EsqSocial Corporation 29/10/20

The Food and Drug Administration issued new regulations requiring changes to the nutrition and supplements facts labels of conventional food and dietary supplements, respectively, on May 27, 2016....

Do You Need to Send an Annual Notice to Plan Participants? If So, You May Need to Do So by December 1, 2020*

By EsqSocial Corporation 29/10/20

Our Employee Benefits & Executive Compensation Group reviews the multiple year-end notices that defined contribution plans must issue to participants....
By: Alston & Bird

Commercial Division Opts for Money Damages in Lieu of Dissolution in Oppressed Shareholder Suit

By EsqSocial Corporation 29/10/20

New York Business Corporation Law § 1104-a empowers a holder of 20% or more of a closely held corporation’s stock to petition for that corporation’s dissolution on the grounds that, inter alia, the controlling shareholders have committed “illegal, fraudulent or oppressive actions toward the compl

Fifth Circuit Holds That Plaintiffs Too Can Waive Their Right To Arbitrate by Litigation

By EsqSocial Corporation 29/10/20

Few decisions have considered when a plaintiff waives his right to arbitrate through litigation conduct, but the Fifth Circuit has now done so for the second time. In Sabatelli v. Baylor Scott & White Health, Case No. 19-50047 (5th Cir. Oct.

CFPB Initiates Process to Regulate Financial Data Access

By EsqSocial Corporation 29/10/20

Last week, with the issuance of an Advance Notice of Proposed Rulemaking (ANPR), the Consumer Financial Protection Bureau (CFPB) announced its intention to explore regulation of open banking.

Vertically Challenged - Insight into the EU Commission's Efforts to Update the EU Rules on Vertical Agreements

By EsqSocial Corporation 29/10/20

The European Commission (Commission) has launched the impact assessment phase concerning its ongoing revision of the Vertical Block Exemption Regulation (VBER) and the accompanying Vertical Guidelines, which set out the rules for distribution systems throughout Europe.

Pages