On June 27, the Federal Trade Commission, with the concurrence of the Department of Justice, proposed a burdensome overhaul of the current requirements for Hart-Scott-Rodino (“HSR”) Act filings, which are generally required for larger mergers and acquisitions. The changes stand to greatly increase the volume of documents that the FTC and DOJ receive, resulting in unprecedented delays in the merger process and placing an added burden on businesses and practitioners.
In a unanimous decision, a three-judge panel of the Louisiana Third Circuit Appeal affirmed the authority of the Louisiana Tax Commission to correct property tax assessments of #pipelines when a local assessor uses values that are too high or do not reflect fair market value. Cheryl Kornick represented the taxpayer in this matter.
The State of Texas recently adopted its first comprehensive data privacy law, bringing the State in line with nine other States that have adopted data privacy laws generally following the European Union’s General Data Protection Regulation. In this blog post we highlight some of the key protections Texas consumers are now entitled to and correspondingly, key obligations of business with respect to those consumers.
The Louisiana Governor’s Office has provided helpful information about the recent international “Moveit” cyberattack that has impacted the Louisiana Office of Motor Vehicles and other government and business organizations. The Office of the Governor describes the scope of the breach, actions being taken to address the matter, and precautionary actions that you can take to
The National Labor Relations Board’s (“NLRB”) General Counsel Jennifer Abruzzo announced in a memo yesterday that noncompete agreements in employment contracts violate federal labor law except in limited circumstances, because they interfere with employees’ rights under Section 7 of the National Labor Relations Act (“the Act”) to engage in concerted activity to improve their wages
On May 18, 2023, the U.S. Equal Employment Opportunity Commission (EEOC) released a technical assistance document explaining the interplay of various established aspects of Title VII of the Civil Rights Act (“Title VII”) and an employer’s use of artificial intelligence and other automated systems. This technical assistance is released as a follow-up to the EEOC’s
With the 2023 Louisiana Legislative Session under way, it is a good time to highlight the lobbying election available to qualifying public charities exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code.
Nonprofit organizations that qualify for federal income tax exemption as public charities under section 501(c)(3) of the Internal Revenue
A recent wave of pay transparency laws has left many employers apprehensive about recruiting across state lines. Pay transparency refers to the practice of making employee compensation figures visible to others – internally, externally, or both. Roughly 1 in 4 U.S. workers lives in a state or locality with a salary transparency law in place
New IRS guidance confirms no step up in basis for grantor trust assets that are not included in the decedent’s estate.
Rev. Rul. 2023-02 clarifies that the basis adjustment under section 1014 of the Internal Revenue Code does not apply to “step up” the basis for assets in grantor trusts treated as owned by the
In the continuing saga of the (possible) use of Environmental Social and Governance (“ESG”) factors by retirement plan fiduciaries under the Employee Retirement Income Security Act (“ERISA”), on Thursday, March 23, 2023, the House in a 219-200 vote failed to reach the two-thirds majority required to overturn a presidential veto regarding a joint resolution of