As more cities reach the harsh realization that public financing for sports venues is a losing proposition for taxpayers, Philadelphia has now enacted a law aimed at recouping some of its money and boosting local workers’ earnings via mandated higher wages at public facilities. On October 21, Mayor Jim Kenney signed the prevailing wage bill into law
Six U.S. federal financial regulatory agencies[1] in May 2016 revised and re-proposed rules that were originally proposed in 2011, to govern the incentive compensation practices at financial institutions with consolidated assets of at least $1 billion (covered institutions). The proposed rules include new – and more stringent – requirements, especially for the largest institutions. The rules
How does a decrepit, abandoned elevated railroad viaduct in the middle of the meatpacking district of New York City transform itself and an entire neighborhood into the most visited site in Manhattan, with the most expensive zip code, and jump start a building construction boom to rival that of any time period in Gotham? Good
Summarizing recent case adverse to IRS, James R. Malone Jr. (LL.M. ’11) comments: “Little pigs get fed. Big pigs get slaughtered”
Alan Seltzer (LAW ’78) and John Povilaitis advocate for streamlining energy regulatory review for gas and oil pipelines
In recent years, entrepreneurial plaintiffs’ lawyers representing stockholders in litigation challenging mergers and acquisitions have increasingly asserted aiding and abetting claims against financial and other advisors to corporate boards of directors, perceiving the investment banks and law firms that serve in these roles as potential defendants with deep pockets. This trend likely will reverse itself
The U.S. Department of Health and Human Services, Office for Civil Rights (“OCR”) has been actively enforcing the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) in 2016. As of August, covered entities and business associates (the organizations who are subject to HIPAA) have paid OCR more than $20 million to resolve allegations of
Wage-and-hour actions under the Fair Labor Standards Act (“FLSA”) are one of the largest growing types of litigation, and have been for over a decade. Pennsylvania businesses may soon experience an increase in FLSA-related litigation, as the Pennsylvania Department of Labor & Industry (DLI) and the U.S. Department of Labor (DOL) signed a “Memorandum of
Cybersecurity solutions are in high demand and investors are betting on startups for high returns. In the past six years, high growth emerging companies in this space have received a total of $9 billion in venture capital funding, according to the National Venture Capital Association. But while the private sector has rapidly adopted the solutions
The implied false certification theory of liability under the False Claims Act (FCA) is premised on the notion that a person who does business with the federal government, by the very act of submitting a claim for payment, has impliedly certified compliance with the often numerous statutes, regulations, and contract terms that govern the contractual