As we previously reported, social media privacy has become the latest issue to be regulated by state legislation. Last week, Wisconsin jumped on the social media privacy bandwagon. On April 8, 2014, Wisconsin Governor Scott Walker signed legislation that in most cases prohibits employers, among others, from requesting or requiring passwords or other protected access to “Personal Internet Accounts” of current employees and applicants for employment.
Through a multifaceted approach, New York Gov. Cuomo and the New York Department of Taxation (Department) have increased tax collection efforts, penalties and criminal prosecution all in the name of collecting what is owed. New York is not alone in ramping up its efforts, as the trend in most states has been to increase tax collection efforts.
Business Restructuring Alert: New court rule significantly changes receiver appointment, duties and compensation
With little fanfare, the Michigan Supreme Court recently issued an order that significantly changes the rules related to the appointment of receivers. The Order (ADM File No. 2012-30) amends Michigan Court Rules 2.621 and 2.622 as follows:
- Establishes rules for the appointment of receivers and the orders appointing them
- Sets forth criteria that prospective receivers must meet
- Clarifies the duties of receivers
- Sets forth procedures for the payment of the fees of receivers and their professionals
The new Court Rules, effective May 1, 2014, were adopted after the portions of the originally proposed revisions regarding the selection of receivers were poorly received by judges and judicial groups around the state. While the new provisions raise questions that will generate new case law and cannot be fully addressed here, certain key points are summarized below.
On April 2, the European Parliament voted overwhelmingly to repeal the current EU Directive on clinical trials of medicinal products for human use and replace it with a new Regulation. The primary goals of the new Regulation are to:
- Streamline the approval process for studies conducted across multiple Member states;
- Harmonize the regulation of clinical trials throughout the Member states; and
- Increase transparency of Clinical Trial results.
Noncompliance with the Americans with Disabilities Act just became costlier. Pursuant to an inflation-adjustment formula, on March 28, 2014 the Department of Justice (“DOJ”) issued a final rule raising the civil monetary penalties assessed or enforced by the Civil Rights Division, including those assessed under Title III of the ADA (“Title III”).
Thank you for taking the time to read this Howard & Howard Credit Union Regulatory Alert. We aim to provide our credit union clients and friends with information to help you understand and interpret the ever-changing regulatory environment.
It has been almost five years since the Credit CARD Act was passed by Congress and more than four years since the compliance dates set by the Federal Reserve Board (many compliance professionals may still be haunted by the date February 22, 2010). While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.
And, a lot has happened in the past four years - most notably the passage of the Dodd-Frank Act and the subsequent creation of the Consumer Financial Protection Bureau (CFPB). Now that the CFPB has met its Dodd-Frank mandates, its attorneys are freed-up to review other areas of concern - including credit cards. More…
HOWARD & HOWARD’S LEONARD W. SACHS NAMED OFFICE MANAGING ATTORNEY FOR FIRM’S PEORIA, ILLINOIS OFFICE (THURSDAY, APRIL 10, 2014)
Royal Oak, Michigan, April 10, 2014: Howard & Howard Attorneys PLLC is pleased to announce that Leonard W. Sachs has been named the Office Managing Attorney of the Peoria, Illinois office. He will continue to maintain offices in Chicago and Peoria.
Mr. Sachs serves as head of the Labor and Employment Group at Howard & Howard Attorneys PLLC, a business law firm with offices in Michigan, Illinois and Nevada.
He graduated from Northwestern University in 1986, before matriculating to the University of Illinois College of Law, where for two years he served as Research Assistant to former Dean, Thomas M. Mengler. More…
The Starting Point of Extinctive Prescription vs. Knowledge of a Defect Revealed in an Expert’s Report
The Superior Court confirms an important principle: the moment when knowledge of a defect revealed in an expert’s report is acquired does not necessarily constitute the starting point of extinctive prescription of an action based on latent defects.
On April 1, 2014, Canadian telecommunications giant TELUS acquired Groupe Enode Inc.., a Québec City company specialized in consulting and software for risk management and information technology security. Enode’s clients include private businesses as well as numerous departments and agencies of the Québec government. The acquisition forms part of TELUS’ strategy to help its clients protect themselves against the risk of computer piracy.