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On June 8, 2023, the US Securities and Exchange Commission’s (SEC) Division of Examinations (DOE) published a risk alert informing advisors of focus areas during examinations for the Marketing Rule.

ArentFox Schiff is pleased to announce that the firm’s Private Clients, Trusts & Estates Group and 10 partners have been recognized by Chambers High Net Worth 2023 guide, a publication that ranks the top attorneys and law firms for international private wealth.

Ola Källenius says Mercedes-Benz will own the future of luxury electric cars; investing $45 billion to shift all of the brand’s powertrains to electric by 2030.

For better or worse, generative artificial intelligence (AI) is already transforming the way we live and work. Within two months of its initial release to the public, ChatGPT reached 100 million monthly active users, making it at the time the fastest-growing consumer application in history.

September 11, 2023

Fredrick Weber and Christopher Floss will present at the Illinois Institute for Continuing Legal Education’s live webcast on September 11, 2023.

The Biden Administration is in the process of revising a cog fundamental to federal policymaking. The cog, a guidance document issued by the Office of Management and Budget’s (OMB) entitled Circular A-4, has the potential to dramatically alter the regulatory environment.

A recent ruling in the U.S. District Court for the Northern District of California allows anonymous coders to pursue claims for alleged breach of open-source software licenses by artificial intelligence assisted coding tools.

Signed into law on July 13, 2022, the District of Columbia Cannabis Employment Protections Act, provides major new workplace protections for marijuana users.

ArentFox Schiff, led by Partner Matt Finkelstein, represented long-time client BMG, the Berlin-based international music publishing company and record label, in the purchase of Paul Simon’s royalty income from Simon & Garfunkel recordings as well as his neighboring rights income, representing a subs

In a putative class action filed on June 28, 2023, in the Northern District of California, and in other similar cases, plaintiffs allege that OpenAI, Microsoft, and their respective affiliates violated the privacy rights of millions of internet users through large-scale data scraping.

Against the backdrop of increased government scrutiny of fashion supply chains, including recent Congressional inquiries and CBP detentions of cotton products and apparel, New York lawmakers reintroduced a 2023 version of 2022 Fashion Sustainability and Social Accountability Act.

July 20, 2023

Christopher Floss will participate as a co-panelist at the Family Wealth Alliance’s Elevating Women in Family Wealth summer event on July 20, 2023.

Now is a good time to review your trust instruments, family office documents, or company’s governing documents and succession plans to ensure you are prepared to deal with whatever the future brings before it happens.

In certain circumstances, shareholders of corporations and members of limited liability companies can obtain confidential communications between corporate management and the company’s attorney that would otherwise be protected by the attorney-client privilege.

On September 14, 2022, The New York Times published an article detailing the Chouinard family’s transfer of the majority of their ownership interests in Patagonia to a 501(c)(4) nonprofit organization.

A class action complaint filed recently against Foot Locker, Inc. in New York alleges that the footwear retailer is misleading consumers into believing that products are scarce or about to sell out, when that is not in fact the case.

Headlines that Matter for Companies and Executives in Regulated Industries

The International Sustainability Standards Board (ISSB) standards have joined the climate-disclosure reporting frameworks that take a financial materiality-led approach.

On July 12, 2023, PURIS Proteins LLC, a domestic producer of pea protein, which is a plant-based protein used in foods, filed antidumping and countervailing duties (AD/CVD) petitions requesting trade relief on imports of certain pea protein from China.

ArentFox Schiff is pleased to announce that Matthew Bentley has been selected to participate in the National Conference of Bankruptcy Judges (NCBJ) annual Next Generation Program.

This US Supreme Court’s administrative and environmental decisions were somewhat predictable for much of the 2022-2023 term. And then they weren’t – the final weeks of the term especially featured some high-drama decisions.

Major changes to the Telephone Consumer Protection Act (TCPA) regulations applicable to unsolicited informational robocalls to landlines are coming into effect on July 20, 2023.

August 9, 2023

Fredrick Weber will present two sessions at the North American Division of Seventh-day Adventists Planned Giving & Trust Services (PGTS) Biennial Conference on August 9, 2023.

Below is a table of currently pending PBM (Pharmacy Benefit Manager)-reform legislation, featuring brief descriptions, links to the texts, and additional information about each bill.