Alerts

The Institutional Limited Partners Association (ILPA) continues to refine its guidance on continuation funds to address the needs of limited partners in the current market.

On July 13, in connection with the suspension of its Cybersecurity Maturity Model Certification (CMMC) Phase II roll-out, the US Department of Defense/War established a CMMC Reform Task Force, charged with reviewing and proposing reforms to the Department’s cybersecurity program requirements for the Defense Industrial Base (DIB).

On July 14, the Ninth Circuit vacated a $40 million jury verdict against XP Power, LLC in a closely watched trade secret misappropriation case brought by Comet Technologies USA, Inc. and its affiliates under the federal Defend Trade Secrets Act (DTSA) and, at least initially, the California Uniform Trade Secrets Act (CUTSA).

New York’s data center pause is temporary, but the review process itself will make permanent the assumptions, standards, and evidentiary records that govern future development.

Businesses and industries have developed comprehensive approaches to protecting confidential, classified, and proprietary information to serve their corporate interests. Now, businesses need to think about and prepare for a new threat: employees using information to make money on online betting platforms.

Headlines that Matter for Companies and Executives in Regulated Industries

On June 18, the US Department of Commerce, Bureau of Industry and Security (BIS), announced the release of one new General Authorization (GA) and one amended GA related to the January 16, 2025, “Securing the Information and Communications Technology and Services Supply Chain: Connected Vehicles” Rule (the Connected Vehicles Rule).

On July 14, a California federal court granted a preliminary injunction blocking the California Attorney General from enforcing Senate Bill 343 (SB 343), a law regulating recyclability claims on products and packaging.

Businesses often focus on whether a regulation is lawful under the Administrative Procedure Act (APA), an inquiry that traditionally turns on whether an agency action is arbitrary and capricious. Recent US Supreme Court decisions suggest a different question may come first: whether courts ever reach that analysis at all.

On July 14, the US Department of Justice (DOJ), together with the US Department of Homeland Security (DHS) and US Customs and Border Protection (CBP), held a major news conference in Chicago, Illinois, announcing that the Trade Fraud Task Force has surpassed $1 billion in criminal and civil recoveries, penalties, forfeitures, and charged losses in less than one year since its launch.

Peptides remain one of the hottest topics in the drug industry, and many therapeutic peptides offered for sale today have been compounded.

The US Department of Defense (DoD) issued a memorandum yesterday directing immediate suspension of the Cybersecurity Maturity Model Certification (CMMC) Phase 2 roll-out, which previously was scheduled to go into effect November 10.

The US Supreme Court’s 2024 decision in Seven County Infrastructure Coalition v. Eagle County endorsed a narrower vision of the National Environmental Policy Act (NEPA), focused on informing agency decisions rather than producing exhaustive analyses of indirect, cumulative, or policy-related impacts.

On July 1, the South Dakota Supreme Court issued a unanimous decision affirming summary judgment in favor of a life settlement investor, holding that the investor was entitled to retain the full $10 million death benefit under a life insurance policy that the insured’s estate had sought to void as an alleged stranger-originated life insurance (STOLI) arrangement.

Headlines that Matter for Companies and Executives in Regulated Industries

The US Environmental Protection Agency (EPA) recently released its proposed Sixth Unregulated Contaminant Monitoring Rule (UCMR 6), which would establish the parameters that water systems must monitor.

“Hand made in Austin, Texas” may sound like a charming selling point, but the Federal Trade Commission (FTC) isn’t convinced. On July 6, the FTC issued warning letters to seven companies for questionable domestic-origin claims, covering products from drums and industrial lasers to coordinate measuring machines and e-cigarettes.

On July 7, the DC Council passed the Fiscal Year 2027 Budget Support Act (BSA) of 2026, the annual legislative vehicle through which the Council enacts the legal and policy changes required to carry out the District’s budget.

A notable trend is emerging in the fashion and beauty industry: professional hair and makeup stylists are increasingly requesting that companies sign agreements designating the stylists’ work as protectable intellectual property. While this is not yet the industry norm, these requests are becoming more common and merit careful attention when negotiating event-related contracts.

While it may seem like there are fewer calls of late to “electrify everything,” the legal debate over whether “gas bans” — local ordinances that prohibit use of fossil fuel-powered appliances in new construction — continues.

Every July, the Centers for Medicare & Medicaid Services (CMS) publishes two proposed rules, the Physician Fee Schedule (PFS) proposed rule and the Hospital Outpatient Prospective Payment System (HOPPS) proposed rule, that set Medicare reimbursement and shape the administration of the Medicare Part B program for the upcoming calendar year.

On June 29, the Equal Employment Opportunity Commission (EEOC) voted to rescind decades-old guidance on affirmance action. In so voting, the EEOC took the position that the documents ran afoul of Title VII’s text as well as case law that has developed in the intervening years since the guidance was published.

In the last year, the Massachusetts Attorney General (AG) adopted two sets of sweeping consumer protection regulations directly impacting assisted living residence (ALR) operators. These regulations significantly expand ALR obligations regarding disclosures, billing, tenancy protections, resident rights, and pricing transparency.

In this episode of Five Questions, Five Answers, Birgit Matthiesen, David Hamill, James Kim, and Antonio J. Rivera break down the June 3, executive order, Strengthening Customs Enforcement — not a tariff, but potentially one of the year’s most consequential trade actions for US importers. 

Headlines that Matter for Companies and Executives in Regulated Industries