News

On October 15, 2020, the Securities and Exchange Commission (“Commission” or “SEC”) announced settled charges against Andeavor LLC for internal accounting controls violations relating to a stock buyback plan it implemented while it was in discussions to be acquired by Marathon Petroleum Corp.

On October 14, 2020, the Government of Canada added an additional 31 names to the list of sanctioned individuals under the Special Economic Measures (Belarus) Regulations (Belarus Regulations) made under the Special Economic Measures Act.

Executive compensation clawback policies continue to grow in popularity.

One year after the 2014 Farm Bill created a hemp pilot program for state-grown hemp to receive USDA approval, New York state launched its Industrial Hemp Agricultural Research Pilot Program under the Farm Bill in 2015.

On October 20, the Consumer Financial Protection Bureau (CFPB) issued a final rule extending the Government Sponsored Enterprise “GSE Patch”, which was set to expire on January 10, 2021.

I recently met with two brothers whose sister had died suddenly. Still dealing with their grief, the brothers were further confused by the probate process and how their sister’s estate would ultimately be distributed to them.

“Because that’s where the money is,” was the famous quote fictitiously attributed to Willie Sutton when asked why he robbed banks. Given the trillions of dollars held by employee benefit plans, these plans are prime targets for cybercriminals.

On the evening of Oct. 19, 2020, New York State released long-anticipated guidance on the state's new Paid Sick Leave Law, or "PSL." The new law is not limited to coronavirus-related situations.

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