News

UPDATE: FinCEN Alerts That CTA Reporting Is Voluntary While Preliminary Injunction Remains in Effect

By EsqSocial Corporation 19/12/24

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc., et al. v.

[Video] Employment Law Update: Staying Compliant in 2025

By EsqSocial Corporation 19/12/24

On December 17, 2024, Allison Callaghan, Pavneet Singh Mac, Julia Botezatu and Varand Nikolaian discussed significant new laws and recent case developments affecting employers in California.

What is the IP Risk Profile in AI Drug Discovery?

By EsqSocial Corporation 19/12/24

The scientific benefits and legal risks of AI-driven drug discovery are consequential. But recent IP law decisions allude to a general concept that IP rights will not be awarded if AI completely or significantly replaces human ingenuity in the creative process....

Fifth Circuit Rules OFAC Cannot Sanction Tornado Cash: Loper Bright Hamstrings OFAC’s Campaign Against Crypto Laundering

By EsqSocial Corporation 19/12/24

Shortly before Thanksgiving, a panel of the United States Court of Appeals for the Fifth Circuit ruled that the Office of Foreign Assets Control (“OFAC”) did not have the authority to sanction Tornado Cash, which offers a cryptocurrency mixing service provided through immutable smart contracts...

Defending Data Breach Class Actions

By EsqSocial Corporation 19/12/24

Class actions arising from data breach represented the fastest growing segment of class action filings. In 2023, more than 2000 class actions were filed, more than triple the amount filed in 2022.

FTC and Illinois Attorney General Settle with Grubhub for Deceptive Practices

By EsqSocial Corporation 19/12/24

This week, the Federal Trade Commission (FTC) and the Illinois attorney general announced a settlement with Grubhub Inc.

Perk Redux - Yet Another Company Stumbles Over SEC Executive Compensation Rules

By EsqSocial Corporation 19/12/24

On December 17, 2024, the SEC announced settled charges against Express, Inc. for failing to disclose perks paid to its then CEO, including personal use of airplanes. Without admitting or denying the SEC’s findings, Express agreed to a cease-and-desist order....

UK Financial Conduct Authority publishes guidance on firms' approaches to Consumer Duty board reports

By EsqSocial Corporation 19/12/24

The Financial Conduct Authority has published its findings following a thematic review into firms' approaches to completing the first annual Consumer Duty board report.

Crypto Fraud Victims Often Shortchanged Due to DOJ Regulation

By EsqSocial Corporation 19/12/24

Victims of cryptocurrency fraud often lose out to the government when it comes to recovering their losses. That is because of an obscure Department of Justice regulation that prioritizes the government’s right to keep forfeited funds over victims’ rights to restitution for their losses.

Supreme Court Hears Oral Argument in Hungary v. Simon—The Court’s Anticipated Decision Could Clarify Important Aspects of the FSIA’s Expropriation Exception

By EsqSocial Corporation 19/12/24

On December 3, 2024, the U.S. Supreme Court heard oral argument in Hungary v. Simon. As discussed in a previous client alert, the case concerns whether the U.S. Court of Appeals for the D.C.

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