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We'll give you (and your friends) a hoodie to go away: class settlement in FACTA truncation lawsuit receives preliminary approval

Proskauer Rose LLP
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USA
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March 1 2010

On February 3, 2010, Chief Judge Gary L. Lancaster of the U.S. District Court for the Western District of Pennsylvania preliminarily approved a class action settlement between Aramark Sports, LLC and a class of approximately 5,000 customers who made credit or debit card purchases from stores at PNC Park in Pittsburgh, Pennsylvania between March 24, 2009 and April 23, 2009

Tax court finds transfer of an interest in a limited partnership and timberland to an FLP was not includible in the decedent’s gross estate under Section 2036(a) because the transfer was a bona fide sale for adequate and full consideration

Proskauer Rose LLP
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USA
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March 10 2010

This Tax Court decision provides another Section 2036 victory for the taxpayer by holding that assets transferred to an FLP were not includible in the decedent's gross estate under Section 2036(a) because the transfer was a bona fide sale for adequate and full consideration

Applying 9th Circuit LVRC v. Brekka ruling, district court dismisses most CFAA criminal charges in United States v. Nosal

Proskauer Rose LLP
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USA
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January 29 2010

The debate over the applicability of the Computer Fraud and Abuse Act in cases of alleged employee disloyalty has yielded quite a few rulings over the last several years, and generated a circuit split last September with the Ninth Circuit decision in LVRC Holdings LLC v. Brekka, 581 F.3d 1127 (9th Cir. 2009

Rule requires federal contractors to disclose executive compensation and subcontract awards

Proskauer Rose LLP
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USA
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July 30 2010

A new interim rule has been issued requiring federal contractors to disclose the compensation of their five most highly compensated executives and any first-tier subcontract awards of $25,000 or more

Florida Supreme Court limits charging order protection of Florida LLCs

Proskauer Rose LLP
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USA
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August 1 2010

The Florida Supreme Court has issued its opinion in the case of Olmstead v. Fed. Trade Comm’n, No. SC08-1009 (Fla. June 24, 2010), holding that a court may order an owner of a single-member Florida Limited Liability Company (“LLC”) to surrender its ownership interest in the LLC to satisfy an outstanding judgment

Geez Ruiz: 9th Circuit (probably) ends long-standing data breach litigation against Gap, Inc. and others

Proskauer Rose LLP
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USA
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June 7 2010

On May 28, 2010, in an unpublished decision, the U.S. Court of Appeals for the Ninth Circuit affirmed the California district court’s dismissal of a class action lawsuit against retailer Gap, Inc. because, among other things, the plaintiff failed to show that the loss of his personal information harmed him in a legally cognizable way

Holding parents liable for their children's wrongs: the U.S. and EU diverge in the corporate governance context

Proskauer Rose LLP
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European Union, USA
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August 12 2010

Large, multinational companies devote significant effort to develop effective, though often Byzantine, corporate structures

FASB proposal regarding multiemployer plans

Proskauer Rose LLP
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USA
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April 28 2010

The purpose of this alert is to advise employers that they may soon be required to disclose in footnotes to their financial statements new quantitative and qualitative information regarding their participation in multiemployer defined benefit pension plans

Florida Supreme Court limits charging order protection of florida LLCs

Proskauer Rose LLP
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USA
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July 13 2010

On June 24, 2010, the Florida Supreme Court issued its opinion in the case of Shaun Olmstead, et. al., v. Federal Trade Commission holding that a court may order an owner of a single-member Florida Limited Liability Company (“LLC”) to surrender its ownership interest in an LLC to satisfy an outstanding judgment

Merchants who sold employer’s product were not employers themselves

Proskauer Rose LLP
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USA
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July 8 2010

Plaintiffs are seasonal agricultural workers whom Munoz & Sons had employed during the 2000 strawberry season

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