News

Pressure on U.S. Crude Oil Export Restrictions Increases along with Domestic Production

By EsqSocial Corporation 07/02/14

The debate regarding U.S. restrictions on crude oil exports is escalating. Due to an increasing domestic supply of crude oil, primarily from shale oil production, a number of policymakers and members of the oil industry have called for a repeal of...

A New Hurdle For Higher Education: College Football Players Huddle Up for Union Organizing

By EsqSocial Corporation 07/02/14

Last week, the Northwestern University football team shook up the playbook by taking the unprecedented step of petitioning the National Labor Relations Board for a union election. The result – to be determined – will have a significant impact on the...

State Attorney Generals Settle with Online Payday Lenders

By EsqSocial Corporation 07/02/14

The Attorney General for the State of New York announced that it reached a settlement agreement with several online payday lenders for alleged violations of New York’s usury and licensed lenders laws....

The Supply Side of Health Care IT: Notes from the Experts

By EsqSocial Corporation 07/02/14

As discussed in prior blog posts, on Tuesday, November 5, 2013, Foley & Lardner LLP hosted the ninth annual FOLEYTech Summit in Boston. One of the morning breakout sessions at FOLEYTech featured a panel discussion of leading health care IT investors....

Virtual Currency Round-Up: NY Mulls Bitcoin License; FinCEN Issues Opinion Letters on Bitcoin Mining, Software Providers and Bitcoin Investment Activity; Bitcoin is Money, Says WA DFI

By EsqSocial Corporation 07/02/14

New York Department of Financial Services Superintendent Benjamin Lawsky said the agency is considering a “BitLicense” in hearings held Jan. 28-29 in New York City. The Department will develop a virtual currency regulatory framework sometime in 2014...

Gambler accused of failing to pay $12.9M in markers at Nevada casinos faces felony theft case

By EsqSocial Corporation 07/02/14

It isn't just in the New York gambling subculture of the 1950s portrayed by Marlon Brando and Frank Sinatra in Guys and Dolls that a high-roller who doesn't make good on his marker is viewed as having committed a serious offense.

IRS Now Allows Caregiver Parents to Exclude Medicaid Waiver Payments From Income

By EsqSocial Corporation 07/02/14

The Internal Revenue Service has reversed a long-standing policy and agreed to allow parents of people with disabilities who receive Medicaid waiver funds in return for caregiving services provided to their children to exclude those funds from their...

Supreme Court Narrows the Tort of Unlawful Interference with Economic Relations

By EsqSocial Corporation 07/02/14

Canadian courts have long struggled with the tort of unlawful interference with economic relations. This struggle has generated significant ambiguity in the case law—even the tort’s name was unsettled. However, on January 31, 2014, the Supreme Court...

Student Athletes’ NLRB Petition Looms Large for Colleges and Universities

By EsqSocial Corporation 07/02/14

A group of Northwestern University football players recently filed a petition with the National Labor Relations Board (NLRB) seeking to be represented by a labor union. Although this request is the first of its kind, it presents the same broad...

U.S. Signs Four More FATCA IGA’s

By EsqSocial Corporation 07/02/14

On February 5, 2014, the Treasury Department announced that it had recently concluded FATCA IGA’s with Canada, Hungary, Italy, and Mauritius. All four agreements were reciprocal Model 1 agreements. In other words, FFI’s in those countries will report...

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