All Perspectives

Recently, Major League Baseball (MLB) informed teams that cannabidiol (CBD) sponsorships were no longer off limits and that they were free to pursue sponsorships in the CBD category under certain conditions. CBD companies will also no longer be prohibited from airing commercials during MLB games.

A number of electric vehicles should become more affordable, but watch out for a few circumstances.

The suit against the new DeLorean alleges that the high-ranked executives started Reimagined Automotive while ‘some or all’ of the defendants were still employed at Karma.

ArentFox Schiff is pleased to announce that 121 attorneys have been recognized by The Best Lawyers in America 2023, with an additional six attorneys highlighted as “Lawyers of the Year” and 40 attorneys listed as “Ones to Watch.”

The Metaverse stands to disrupt nearly every industry – fashion, media and entertainment, real estate, sports, the list goes on – presenting immense possibilities and potential risks. We have created the ArentFox Schiff Industry Guide to the Metaverse to answer questions and anticipate concerns.

On August 3, 2022, eleven suspended PGA Tour members filed a complaint [1] in the United States District Court for the Northern District of California (the “Court”) against PGA Tour, Inc. (the “Tour”), alleging violation of federal and California state antitrust laws.

Today, President Joe Biden signed into law the Inflation Reduction Act of 2022 (the “Act”). Although the proposal further restricting the availability of long-term capital gain treatment with respect to carried interests ultimately was dropped from the final version of the bill.

The Inflation Reduction Act of 2022 (IRA), has several primary goals, including: promoting clean energy, manufacturing, and construction through a wide array of tax incentives and grants; and raising revenue through the primary mechanisms of a new corporate alternative minimum tax.

Bankruptcy & Financial Restructuring Partner George Angelich is named one of Global M&A Network’s 2022 Top 100 Restructuring and Turnaround Professionals.

ArentFox Schiff is pleased to announce that Partner Eva Pulliam has been named to the Minority Corporate Counsel Association’s (MCCA) 2022 Rising Star list.

Christine Quigley will present at the ABA RPTE Skills Training for Estate Planners virtual conference on August 12, 2022.

Partner Hillary Stemple was quoted by Pink Sheet on how the US Department of Health and Human Services (HHS) and US Food and Drug Administration (FDA) could expand access to medication abortion, in line with President Biden’s July executive order.

Headlines that Matter for Companies and Executives in Regulated Industries

Consent decrees play a major role in environmental litigation. This week, Maine People’s Alliance v. Holtrachem Manufacturing Company, one of the nation’s longest-running cases under the RCRA citizen suit provisions, has essentially ended with a Maine district court’s entry of a consent decree.

The Commodity Futures Trading Commission, under a reconstituted Commission, is signaling a new era of aggressive enforcement of the Commodity Exchange Act. 

Clean car drivers who love to keep their car garaged or covered need not apply.

The ongoing worldwide semiconductor shortage will cause more than 100,000 vehicles to be cut from North American production schedules this week, Automotive News reported Sunday. Over 180,000 vehicles are expected to be dropped globally.

As use of cryptocurrency investment has increased throughout the world, regulators have faced a bevy of novel questions, especially related to applying different strains of law to regulate novel digital assets.

- The efforts to legalize cannabis have gained traction in some states and run into serious roadblocks in others.
- Nineteen states allow adults to possess and use cannabis for non-medical uses (adult use).  
- Thirty-seven states allow for medical cannabis use through state run programs.

In a newly filed lawsuit against the State of Idaho, the federal government argues that Idaho’s “near-total ban on abortion,” scheduled to take effect on August 25, 2022, overreaches by prohibiting abortion even where federal law may require physicians to perform an emergency abortion.

Five new state omnibus privacy laws have been passed and will go into effect in 2023. 
Organizations should review their privacy practices and prepare for compliance with these new privacy laws.

Most of California’s Industrial Welfare Commission (IWC) wage orders mandate that employees “shall be provided with suitable seats when the nature of the work reasonably permits the use of seats.

Headlines that Matter for Companies and Executives in Regulated Industries

Regulators at all levels – federal, state, and local – seek to address climate concerns. On July 27, Washington, DC, joined localities banning natural-gas hookups when Mayor Muriel Bowser signed an ordinance limiting use of fossil fuels like natural gas in newly constructed buildings.

Brian Janowsky will speak at the Hawaii Estate Planning Council on August 4, 2022.