Setoff and Recoupment in Bankruptcy: A Primer for Credit Managers
2007
Today’s credit manager is under more pressure than ever. Accounting wants to know why bad debt expense is so high, while sales is calling to find out why their largest prospective customer in years was turned down for financing. Sometimes it feels like no one is happy with the news coming out of your department. Add to a credit ...
California Court of Appeal Casts Doubt on Legality of Municipality’s Voter ID Law
Earlier this month, a California appellate court issued an order in People v. Huntington Beach indicating that California’s intermediate appellate court will hold that there is a limit on the power of localities to manage local elections, and municipal voter identification laws may be preempted by state law.This case dates back to October 2023...
Are You Ready for What’s (EDGAR) Next?
Here’s a friendly reminder that the EDGAR Next transition is fast approaching. If your company has not yet begun preparations, we urge you to start planning now. As you may recall, on September 27, 2024, the U.S. Securities and Exchange Commission (SEC) adopted final rules related to how filers access its Electronic Data Gathering, Analys...
Food & Consumer Packaged Goods Litigation Year in Review 2024
Perkins Coie Releases Ninth Annual Food & Consumer Packaged Goods Litigation Year in Review.In 2024, class action filings against the consumer packaged goods (CPG) industry reached a near high, with close to three hundred lawsuits filed. This year was notable for the wide variety of kind of claims at issue — natural, protein content, multi-func...
Corporate Transparency Act: Treasury Announces No Enforcement for Reporting Failures by U.S. Citizens and Domestic Reporting Companies and Further Rulemaking to Limit Application to Foreign Companies
Last week, we reported that the Financial Crimes Enforcement Network (FinCEN) reinstated the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements, with a new deadline for most companies to file their CTA BOI reports of March 21, 2025.However, on February 27, 2025, FinCEN issued a new press release announc...
Corporate Transparency Act: Treasury Announces No Enforcement for Reporting Failures by US Citizens and Domestic Reporting Companies and Further Rulemaking To Limit Application to Foreign Companies
Updated: March 03, 2025
On February 27, 2025, the U.S. Department of the Treasury’s (Treasury Department) Financial Crimes Enforcement Network (FinCEN) issued a press release confirming that the agency would not issue any fines or penalties or take any other enforcement action against companies based on failure to file or update beneficial ownership information (BOI) repo...
What to Expect From the NLRB
Andrew and Richard spoke at the 2025 Labor and Employment Summit for Association of Corporate Counsel.
Washington Supreme Court Denies Appeal of Meal Period Penalty Case
In October 2024 we wrote about the Washington State Court of Appeals’ opinion in Androckitis v. Virginia Mason Medical Center, which held that the remedy for meal period violations includes three components: (1) payment of time worked during the meal period; plus (2) 30 minutes of pay as a penalty; plus (3) double damages on unpaid amounts as ...
Executive Order Calls for Sweeping Review of Government Contracts
On February 26, 2025, an Executive Order (EO) calling for a sweeping review of government contracts over the next 30 days and directing that contracts be terminated or modified to reduce overall federal spending or reallocate spending to promote efficiency and “advance the policies” of the administration. The EO also directs agencies to ...
February Tip of the Month: Federal Court Issues Nationwide Injunction Against Trump Executive Orders on DEI Initiatives
On February 21, 2025, a federal district court issued a nationwide injunction temporarily blocking the enforcement of President Donald Trump’s January 2025 Executive Orders (EOs) targeting diversity, equity, and inclusion (DEI) initiatives.The court’s decision suspends the EOs’ provisions: (1) requiring federal contractors and grantees to include i...