On June 1, 2016, the Securities and Exchange Commission issued an interim rule amending Form 10-K to permit the inclusion of a discrete summary of business and financial information contained elsewhere in the annual report. The rule implements...
Editor's Overview - In this month’s newsletter, our colleagues focus on two sets of legislative updates. First is a discussion of the IRS’s proposed Treasury Regulations prescribing rules under Section 457 of the Internal Revenue Code for the...
The Federal Circuit Court of Appeals has issued a decision in BASCOM Global Internet Services, Inc., v. AT&T Mobility LLC, No. 2015-1763 (Fed. Cir. June 27, 2016) finding that asserted content-filtering system claims are not ineligible for patent...
The European Securities and Markets Authority (“ESMA“) has published the responses received to the Discussion Paper on UCITS share classes. The UCITS Directive recognizes the possibility for UCITS to offer different share classes to investors but...
Typically when a state General Appropriations (GA) bill for the new Fiscal Year is passed, the legislature considers bills amending the Public School Code, Human Services Code, Fiscal Code and Tax Code. While the GA bill distributes funds to...
In Yershov v. Gannett Satellite Information Network, Inc., 2016 U.S. App. LEXIS 7791 (1st Cir. Apr. 29, 2016), the First Circuit held that users of free mobile applications, or “apps,” can bring a claim against an online service provider if the...
During the 2016 Session, 109th General Assembly, the Legislature considered several tax and related initiatives before adjourning. Although the number of such initiatives this Session was not as large as in the 2015 Session (remember the 2015 Revenue...
Director of the US Office of Financial Research (OFR) Richard Berner spoke about financial resilience, including how to define, measure and monitor financial stability or resilience. He noted that resilience has two key aspects......
The Federal Trade Commission (“FTC”) announced that InMobi, a Singapore-based mobile advertising company whose products are used by many Android and iOS app makers to deliver advertisements to consumers, will pay $950,000 in civil penalties and...
Last week, the IRS announced that the electronic filing personal identification number tool (e-file PIN), used by taxpayers to verify their signature on their tax filings, “is no longer available.”...
