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O'Melveny & Myers LLP | USA | 23 Mar 2020
Delaware Supreme Court Endorses Exclusive Federal Forum Charter Provisions for Federal Securities Act Claims
On March 17, 2020, the Delaware Supreme Court ruled that federal forum selection clauses in corporate charters and by-laws for claims under the…
O'Melveny & Myers LLP | European Union, USA | 23 Mar 2020
Flexibility of EU State Aid Rules in Response to COVID-19 Impact
The European Commission (EC) has vowed to support aid schemes that several EU Member States are developing to help businesses affected by the ongoing…
O'Melveny & Myers LLP | USA | 20 Mar 2020
President Trump Invokes the Defense Production Act
On March 18, 2020, the President issued an Executive Order invoking the Defense Production Act of 1950 (50 U.S.C. §§ 4501 et seq.). The Defense…
O'Melveny & Myers LLP | USA | 20 Mar 2020
Antitrust Enforcers to be Active Monitoring Marketplace Activity Related to COVID-19
As countries close their Borders and institute societal restrictions to combat the spread of COVID-19, manufacturers and retailers of essential…
O'Melveny & Myers LLP | USA | 20 Mar 2020
Companies Should Consider Adopting Net Operating Loss Rights Plans in the Wake of the Coronavirus (COVID-19) to Protect Net Operating Losses
As boards of directors consider measures to limit the fallout from the coronavirus (COVID-19) pandemic, they should examine their companies’ ability…
O'Melveny & Myers LLP | USA | 19 Mar 2020
Families First Coronavirus Response Act Is Signed Into Law, Providing Paid Family and Sick Leave for Many Affected Employees
On March 18, 2020, President Trump signed the Families First Coronavirus Response Act, H.R. 6201 (the “Act”), an economic stimulus plan aimed at…
O'Melveny & Myers LLP | China, European Union, USA | 18 Mar 2020
Coronavirus Task Force: Temporary Merger Control Measures in the EU, US, and China in Response to COVID-19
The European Commission (the “EC”) has updated its practical guidance to merging parties “encouraging companies to delay merger notifications…
O'Melveny & Myers LLP | USA | 18 Mar 2020
Coronavirus Task Force: Navigating “Shelter-in-Place” Orders Issued by Local Public Health Authorities
Local health authorities have begun issuing orders that impose restrictions on gatherings, travel, and business operations (“Shelter-in-Place…
O'Melveny & Myers LLP | USA | 17 Mar 2020
SEC Amends Financial Disclosure Requirements for Registered Debt Offerings
On March 2, 2020, the Securities and Exchange Commission (SEC) adopted amendments to financial disclosure requirements applicable to registered debt…
O'Melveny & Myers LLP | USA | 17 Mar 2020
California Supreme Court Holds That Settling Underlying Labor Code Violations Does Not Necessarily Block PAGA Suits
On March 12, 2020, the California Supreme Court issued its opinion in Kim v. Reins International California, Inc. (Case No. S246911)—holding that an…
