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Rhode Island Passes Data Transparency and Privacy Protection Act
On June 28, the Rhode Island Data Transparency and Privacy Protection Act (DTPPA) was enacted without Governor Dan McKee’s signature, making Rhode Island the twentieth state to enact comprehensive consumer data privacy legislation….By: Bass, Berry & Sims PLC
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Cryptocurrency: the Next Chapter in the Valuation Conundrum
Earlier this week, the Singapore High Court handed down a decision concerning cryptocurrency valuation in the context of assessing damages for breach of contract and made some important observations in the process. The Court explored two key valuation challenges arising from the uniquely volatile nature of cryptocurrency: (i) how to ascertain market value; and (ii)…
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Digital Agents
On July 11, 2024, the Resolution amending the Regulations applicable to credit institutions (the “Resolution”) regarding Digital Agents was published in the Federal Official Gazette. The purpose of the Resolution is to create a new type of banking commercial agent identified as “Digital Agents,” referring to third parties who act on behalf and for the…
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Through the Looking Glass: US Internal Revenue Service Finalizes Cryptocurrency Tax Reporting Regulations
In August 2023, the US Internal Revenue Service (“IRS”) proposed regulations to fulfill the Congressional mandate to require US tax reporting of digital asset transactions by brokers and other intermediaries. After evaluating more than 44,000 comments, the IRS has reworked the proposed regulations and issued them in final form….By: Mayer Brown
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Legal Update: Department of Justice Maintains Its False Claims Act Enforcement Focus on Government Contractor Cybersecurity
On June 17, the Department of Justice (DOJ) announced settlements of alleged False Claims Act (FCA) violations associated with cybersecurity requirements in contracts to provide a secure environment for online applications for federal housing assistance. Guidehouse Inc. and Nan McKay and Associates paid $7.6 million and $3.7 million, respectively, to settle the civil claims initially…
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Notable Ruling Roundup – July 2024 #3
Our notable ruling roundup aims to keep our readers up to date on recent rulings in the food & consumer packaged goods space. Carolyn Winans v. Ornua Foods North America Inc., No. 2:23-cv-01198-FB-RML (E.D.N.Y. – April 23, 2024): The Eastern District of New York trimmed a putative class action complaint alleging the labeling and marketing…
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Himes v. Somatics – California’s New Causation Standard for the Learned Intermediary Doctrine
In Himes v. Somatics, LLC, No. S273887, 2024 WL 3059637 (Cal. June 20, 2024), the Supreme Court of California delivered a win to the defense, upholding the learned intermediary doctrine in cases involving prescription drugs and medical devices. But the opinion also sets out a new causation standard that may prove to be difficult to…
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Summary Judgment Denied as to U.S. Navy Ship Product Suppliers; Court Determines Florida Law Applies
U.S. District Court for the Eastern District of Pennsylvania Plaintiff Leona Rhoades, on behalf of the estate of her husband, Dewey T. Rhoades, commenced this action against a variety of defendants, alleging that their products contained asbestos that contributed to her husband’s lung cancer and eventual passing. Mr. Rhoades had been employed as a mechanical…
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Even with Unfavorable IME Opinions on Causal Relationships, Psychological Workplace Injuries May Be Not Compensable
Job stress is an unfortunate reality of being part of today’s workforce. The capacity for being able to deal with such stress varies from worker to worker, but whether that stress is the cause of someone’s psychological ‘injury’ is a question for medical professionals to determine….By: Goldberg Segalla
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What I Wish I Knew Then: Elise Langsam
My latest “What I Wish I Knew Then” column in the New York Law Journal features an interview with Elise Langsam. Elise is a sole practitioner who specializes in personal injury and medical malpractice cases. Her early experiences — and resulting insights — provide some terrific guidance not just for young lawyers but for all…