News

Eaze Case Puts Financial Institutions on Notice

By EsqSocial Corporation 25/03/21

On March 24, 2021, Defendants Hamid (Ray) Akhavan and Ruben Weigand were found guilty of defrauding banks as part of a scheme they had set up to help cannabis company Eaze accept credit card payments for marijuana purchases.

Illinois Predatory Loan Prevention Act signed into law and now effective

By EsqSocial Corporation 25/03/21

On March 23, Illinois Governor Pritzker signed into law SB 1792, which contains the Predatory Loan Prevention Act (the “Act”).  The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Secretary of Financial and Professional Regulation to adopt rul

Plutocratic clan offers $1 billion more in bankruptcy bid to end opioid suits

By EsqSocial Corporation 25/03/21

Members of the plutocratic Sackler clan have upped the ante yet again in a bankruptcy court bid to settle thousands of lawsuits targeting Purdue Pharmaceutical, the company long in the family’s grip and  blamed for untold misery in the now-resurgent opioid abuse and drug overdose crisis....

California Expands Supplemental Paid Sick Leave to September 2021

By EsqSocial Corporation 25/03/21

Who Needs to Know - Private employers in California with 26 or more employees, and certain public entity employers not covered under the 2020 supplemental paid sick leave law....
By: Troutman Pepper

RiverVest Venture Partners Closes Life Sciences Fund With $275 Million

By EsqSocial Corporation 25/03/21

RiverVest Venture Partners has announced it has closed its fifth fund — RiverVest Venture Fund V — with $275 million of capital commitments....
By: McGuireWoods LLP

New pricing agreement in France includes provisions on biosimilars pricing for the first time.

By EsqSocial Corporation 25/03/21

On 5 March 2021, the President of the Economic Committee for Health Products (CEPS) and the President of the French pharmaceutical industry association (Leem) signed a new three-year framework agreement in the presence of the French Minister of Health.

Navigating the American Rescue Plan’s Employment-Related Provisions

By EsqSocial Corporation 25/03/21

On March 12, 2021, the American Rescue Plan Act of 2021 (ARP) was signed into law, providing an estimated $1.9 trillion stimulus package to address the ongoing COVID-19 pandemic.

No More Deference for Amazon’s Reference Prices

By EsqSocial Corporation 25/03/21

As many retailers and manufacturers that sell directly to their customers know well, sale and similar promotional pricing practices have been the targets for regulators and class action plaintiffs for several years, and Amazon is back in that spotlight, this time in a lawsuit filed by the state o

Activist Shareholder Proposals and HCM Disclosures Pivot to Diversity, Equity, and Inclusion in 2021

By EsqSocial Corporation 25/03/21

Since 2015, pay gap disclosure has been front and center on the activist shareholder proposal landscape from an employment and workforce perspective.

NFTs: Legal Risks from “Minting” Art and Collectibles on Blockchain

By EsqSocial Corporation 25/03/21

Our firm represents clients in some of the world’s most significant disputes relating to blockchain, cryptocurrency, film, music, and artworks, and has been closely monitoring the exponential growth in the non-fungible token (NFT) art and collectibles market.

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