Stefanie Jackman

The U.S. Department of the Treasury and the Internal Revenue Service provided supplemental guidance on the domestic content bonus credit.   The guidance revises the previously provided safe harbor table to: (i) include hydropower and pumped hydropower storage facilities (ii) revise the approach for solar projects to explicitly include ground-mount and rooftop photovoltaic systems (iii) provide additional manufactured product components for certain applicable projects.    Learn more from our Renewables Tax team: https://lnkd.in/ggee4JsW #energytransition #inflationreductionact #taxcredits 

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On May 22, 2024, the Consumer Financial Protection Bureau issued a significant Interpretive Rule and Request for Comment finding that “Buy Now, Pay Later” credit access products are subject to certain requirements of Regulation Z under the Truth in Lending Act. 📖 Read more in this #GTAlert written by Shane Foster, Lisa Lanham, Rinaldo Martinez, and Langley Perry, Jr.: https://buff.ly/4c3kC2W. #CFPB #FinancialServices #BuyNowPayLater #CreditCards

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The doctrine of divisibility is well known in contract law, yet there is little discussion by courts and scholars of reverse divisibility, which involves the recharacterization of two or more facially separate but closely related contracts as a single contract. In "'Reverse Divisibility' and 'Subsequent Modification': Expanding the Scope of Justified Non-Performance in Multiple Contract Situations," Professor Gregory Crespi discusses reverse divisibility and its practical applications. https://lnkd.in/eGG-r3dv

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Five-day turnaround: counsel welcome USPTO efficiency https://lnkd.in/enjJF6vv Counsel say the USPTO's swift action regarding letters of protest is helpful, but that quicker examination times are needed. Insight from Sherri Eastley (Pirkey Barber PLLC) and Danny Awdeh (Finnegan, Henderson, Farabow, Garrett & Dunner, LLP) #uspto #efficiency #lettersofprotest #examination #counsel

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There can be some misconceptions surrounding Parental Responsibility Allocation (no, it’s not called Custody), what the decisions are that compromise Parental Responsibility Allocation, and how to be successful co-parents. https://lnkd.in/djSHjGnY #ChicagoDivorce #DivorceWithDignity #DivorceLawyer #ChicagoDivorceLawyer

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Former SEC enforcement attorney and Assistant U.S. Attorney Keri Curtis Axel was a guest on the SEC Roundup, a bimonthly video series hosted by former Securities and Exchange Commission senior trial counsels Nick Morgan and Thomas Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network (ICAN). Following the conclusion of federal court litigation, the SEC may prosecute an individual a second time for the same conduct in a follow-on administrative proceeding seeking to bar that person from their chosen profession. Axel, who is on the board of ICAN, discusses the problematic nature of these follow-on APs at a time when the constitutionality of SEC administrative proceedings is before the U.S. Supreme Court. She is joined by securities professional Eric Cannon who is fighting the SEC on two fronts to preserve his ability to work in the industry as he has done for more than 20 years.    Cannon and Axel discuss the legal nuances and the often-overlooked impact these proceedings have on professionals in the financial services industry. Link to the program is in the comments. #SEC #Securities #SCOTUS #FederalCourts  

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Join Jeewon Kim Serrato, Esq., at the upcoming National Association of Attorneys General 2024 Consumer Protection Spring Conference, as she moderates an esteemed panel of state enforcers for a discussion of recent cases, how different state AGs conduct joint investigations, #enforcement priorities for the year ahead and practical takeaways for businesses. To register: https://lnkd.in/eNa9HeVr #privacy #consumerprotection

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In the April edition of our Public Company Watch, we cover key issues impacting public companies, including the SEC’s recent enforcement action regarding “AI Washing,” the SEC’s recent shadow trading case, proposed amendments to the DGCL in response to recent decisions in the Delaware Chancery Court, the ban on non-compete agreements issued by the FTC and other regulatory developments, among other topics.   #SEC #MergersAndAcquisitions #Regulatory

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What are key #SEC enforcement trends and ongoing priorities? In the Q2 edition of our SEC newsletter, Mark Bini, Courtney Fisher and Caitlyn Holsopple provide a series of short summaries about recent significant trends and cases, such as the SEC’s approval of spot Ethereum ETFs and the SEC's recently renewed commitment to combat AI washing. #SEC #enforcement #securities #AI #privacy #data #fraud #crypto

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Bank Lending Vs. Alternative Litigation Finance: A Mass Tort Attorney’s Strategic Opportunity The following post was contributed by Jeff Manley, Chief Operating Officer of Armadillo Litigation Funding. Mass tort litigation is a high-stakes world, one where the pursuit of justice is inextricably linked with financial resources and risk management. In this complex ecosystem, two financial pillars stand out: bank lending and alternative litigation finance. For attorneys and their financial partners in mass torts, choosing the right financial strategy can mean the difference between success and stagnation. https://lnkd.in/exwpZywm #litigationfunding #litigationfinance #litfin #legalfinance #legalfunding #masstorts #thoughtleadership

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John Hunt and Rachael Schwartz published a client alert on June 10 detailing the U.S. Court of Appeals for the Fifth Circuit's ruling that the SEC had exceeded its authority under the APA when it adopted the Private Fund Advisers Rules and that the Private Fund Advisers Rules in their entirety were to be vacated. John and Rachael's alert covers the Fifth Circuit's opinion, the next steps for the SEC, and what this means going forward. To read the alert, click here: https://lnkd.in/eNeuvJK4 #WhatsYourNext

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A U.S. judicial panel has approved a new rule to guide federal mass tort cases. The new rule offers non-binding guidance, allowing judges significant discretion in its application, potentially leading to different case management practices. This could result in varied experiences and outcomes for claimants. The rule emphasizes early case management and information exchange. Expected to take effect on December 1, 2025, this rule marks a significant step in handling mass tort litigation. Read more here: https://lnkd.in/dQJMiGR4. #masstorts #legalupdates #legalnews

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Supporters of PACE Reforms Urge Adoption of Final Rule A coalition of consumer organizations—including the National Consumer Law Center (on behalf of its low-income clients) and the Center for Responsible Lending—and attorneys have sent a letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau, urging adoption of a final rule concerning Property Assessed Clean Energy (PACE) loans. PACE loans provide consumer protections for homeowners seeking clean energy financing. PACE lending. PACE loans are secured through a property tax lien on the borrower’s home and are used to finance clean energy improvements, such as solar panels or projects to prepare homes for natural disasters. A 2023 CFPB report found that homeowners with PACE loans had an increase in negative credit outcomes, primarily mortgage delinquency. Moreover, many PACE borrowers live in underserved communities. This story can be read in its entirety on the Wolters Kluwer Vital Law site at https://lnkd.in/gCR5d7Mh. As reported George Gullo. #PACELoans #CFPB #CleanEnergyFinancing #CenterForResponsibleLending #UnderservedCommunities

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In Cahill’s most recent alert memo, “Congress Extends Statute of Limitations for Violations of U.S. Sanctions to Ten Years,” partners Brian Markley, Brock Bosson, counsel Jennifer Potts, and associate Ryan Maloney highlight implications arising out of H.R. 815, a foreign aid bill that, among other things, extends the statute of limitations from five years to ten for civil and criminal violations of the two primary sanctions laws administered by OFAC. The memo discussed implications this change may have for companies, including more expansive internal investigations, more extensive M&A due diligence processes, document retention policy changes, and fewer tolling agreements, depriving companies of some leverage with enforcement authorities. Click here to learn more: https://lnkd.in/ekaNrMxV

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