Posted in Exploding Batteries, Product Liability
Once you enter the airport, you will immediately notice signs asking if you are checking any device which may have a lithium-ion battery. The real question is, why are they asking? Incidents related to the failure of hazardous products or materials happen more than we like to believe. By way… Continue reading
Posted in Investment Management & Securities
On April 23, 2024, the U.S. Department of Labor (the “DOL”) promulgated a final rule, titled the “Retirement Security Rule” (the “Final Rule”), updating the definition of an “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In addition, the DOL issued final amendments… Continue reading
Posted in Probate Litigation
In some instances, even after an individual is deemed incapacitated and a guardian is appointed, an application may be subsequently filed by the incapacitated person to either terminate the guardianship or to reduce the scope of the guardianship. Such an action is called a restoration of capacity action and is… Continue reading
Posted in Construction Accidents, Pennsylvania Law Monitor, Personal Injury, Workers' Compensation, Wrongful Death
Construction is a high-hazard industry for workers. There’s no shortage of potential causes of catastrophic injuries. Whether it is the risk of falling from rooftops, being injured by unguarded machinery, being struck by heavy construction equipment, being electrocuted, or inhaling silica dust or asbestos, workers risk their lives every time… Continue reading
Posted in Dog Bite, Personal Injury
Dogs are often called man’s best friend, but unfortunately, even the most beloved pets can sometimes cause harm. In New Jersey, like in many other states, there are laws in place to protect individuals who suffer injuries from dog bites. Understanding these laws is crucial for both dog owners and… Continue reading
Posted in Business & Commercial Law, Business & Corporate, Employment Law, Franchise, Legal Updates
After a year of uncertainty, the FTC has issued a Final Rule banning employment non-competes nationwide. The Commission has determined that non-competes themselves constitute an unfair method of competition in violation of Section 5 of the FTC Act. Citing to wage suppression, stifling innovation, and inhibiting start-up creation as factors,… Continue reading
Posted in Investment Management & Securities
On April 3, 2024, the U.S. Department of Labor (DOL) published a final amendment to Prohibited Transaction Class Exemption 84-14. The amendment will become effective June 17, 2024. Registered investment advisers that manage accounts that are considered “plan assets” under the Employee Retirement Income Security Act of 1974 (ERISA) and… Continue reading
Posted in Bankruptcy & Creditor's Rights
Express, Inc., the fashion mall retailer, filed for Chapter 11 bankruptcy protection in the District of Delaware Bankruptcy Court, docket #24-10831 (KBO) on April 22, 2024. This is the second retailer bankruptcy filing that our office has called since publishing our Retailers to Watch for a Possible Bankruptcy Filing in… Continue reading
Posted in Investment Management & Securities
Background On March 27, 2024, the Securities and Exchange Commission adopted amendments to modernize the rule for internet investment advisers relying on the exemption that qualifies them for SEC registration as smaller investment advisers. Investment advisers generally need to meet the assets under management threshold, advise a registered investment company,… Continue reading
Posted in Investment Management & Securities
On April 12, 2024, the Securities and Exchange Commission announced settled charges against five registered investment advisers for violations of the Marketing Rule. The firms have agreed to settle and pay a combined $200,000 in penalties, as well as cease and desist from violating the charged provisions, and to implement… Continue reading
