On April 2, 2025, President Trump used the power granted to him by the International Emergency Economic Powers Act (IEEPA) to issue an executive order titled “Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits” (EO).1 Contrary to its name, the EO is … Continued
I. Introduction: The Evolution of Sports Ownership George Halas, the first owner of the National Football League’s (NFL) Chicago Bears, purchased the franchise for $100 in 1920.1 Over a century later, his daughter, Virginia Halas McCaskey, became the longest-tenured owner in the NFL and was nominated for the 2025 Pro Football Hall of Fame class before … Continued
Introduction In 25 years as an adjunct professor teaching banking law and administrative law at two law schools, I was fond of telling my students that the only law that can never be repealed is the Law of Unanticipated Consequences (LUC). And during that time, perhaps no law loomed larger in classroom discussions than the … Continued
I. Introduction The pharmaceutical industry stands at a critical juncture where innovation meets accessibility, carefully balanced through patent protection and regulatory mechanisms. At the heart of this balance lies the Food and Drug Administration’s (FDA) Orange Book, formally known as Approved Drug Products with Therapeutic Equivalence Evaluations. This essential document serves as a cornerstone of … Continued
An Update From Skadden Securities Litigators Spotlights Working Through the Riddles of Tokenized Securities This article was originally published April 10, 2025, in CoinDesk. Key Points • The SEC’s Crypto Task Force acknowledges past hostility toward digital assets and aims to create more sensible regulations. • Tokenized securities face complex regulatory challenges, including compliance with … Continued
As anticipated in our HeadNotes for the Winter 2024 issue, the initial days of the new Trump administration have been, to put it mildly, eventful. As he promised, the president empowered the newly created Department of Government Efficiency (DOGE), run by Elon Musk, to “take an ax” to the federal bureaucracy, seeking to eliminate “waste, … Continued
New York State Attorney General Letitia James, along with Senator Leroy Comrie and Assemblyman Micah Lasher, recently announced the Fostering Affordability and Integrity Through Reasonable (FAIR) Business Practices Act.1 If enacted, this legislation would overhaul New York’s consumer protection law to cover not just deceptive businesses practices but unfair and abusive ones as well. New York … Continued
The EDGAR Next revolution is upon us. If you are a company or individual filing on EDGAR, and you have not yet prepared, you need to get ready for this change or eventually be locked out of filing your EDGAR reports. Background The Securities and Exchange Commission (SEC) is planning significant updates to its Electronic … Continued
Introduction In early 2021, the United States Congress enacted the Corporate Transparency Act (CTA), introducing significant changes to corporate reporting requirements. The primary goal of the CTA is to enhance transparency in business ownership and combat illegal activities such as money laundering and tax evasion.1 The law officially took effect on January 1, 2024, mandating approximately … Continued
In January 2025, in the last days of the Biden administration, the Consumer Financial Protection Bureau released a phalanx of guidance encouraging and arming the states to pursue consumer financial protection enforcement and regulation on their own. Specifically, the CFPB released a report titled Strengthening State Level Consumer Protections1 and an extensive Compendium of Recent CFPB Guidance.2 In addition, … Continued