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Faegre Drinker Biddle & Reath LLP | USA | 9 Jul 2020

IRS Issues New Guidance for Mid-Year Changes to Safe Harbor 401(k) and 403(b) Plans

On June 29, 2020, the IRS issued Notice 2020-52 addressing mid-year reductions and suspensions of contributions to Safe Harbor 401(k) and 403(b) plans…
Article

Faegre Drinker Biddle & Reath LLP | USA | 9 Jul 2020

Recent State Fiduciary Duty Developments: Arizona Enacts Best Interest Standard

Arizona has become the second state after Iowa to enact a best interest standard for the sale of annuities. Like the Iowa law, both of which become…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

New Guidance on Health Coverage Issues Relating to COVID-19

On June 23, 2020, the Department of Labor, Department of Health and Human Services (HHS), and Department of the Treasury (the Departments) issued new…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

Sixth Circuit: A Genetic Mutation That Interferes With Normal Cell Growth May Qualify as a Disability Under the ADA

In a case of first impression at the circuit level, the Sixth Circuit Court of Appeals reversed dismissal of a disability discrimination complaint…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

Supreme Court Decides Our Lady of Guadalupe School v. Morrissey-Berru

On July 8, 2020, the United States Supreme Court decided Our Lady of Guadalupe School v. Morrissey-Berru, No. 19-267, holding that the First…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

CFTC Withdraws Regulation AT and Proposes New Electronic Trading Risk Principles

Following the high-profile market disruptions caused by the “flash crash” of May 6, 2010, and the “Knightmare” in August 2012, when a coding error in…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

Regulatory Updates: FCC to Vote on “Robocall” Measures to Mitigate Erroneous Blocking and to Advance Reassigned Numbers Database Rules to the Next Step

The FCC recently reported a decrease of approximately 60% of consumer robocall complaints and a drop of approximately 30% in volume of “unwanted…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

Supreme Court Strikes Government-Debt Exception But Saves Other Restrictions on Automated Telephone Equipment

On July 6, 2020, the Supreme Court issued a highly anticipated—and highly fractured—ruling in Barr v. American Association of Political Consultants…
Article

Faegre Drinker Biddle & Reath LLP | USA | 8 Jul 2020

Little Sisters of the Poor Saints Peter and Paul Home v. Pennsylvania

On July 8, 2020, the U.S. Supreme Court decided Little Sisters of the Poor Saints Peter and Paul Home v. Pennsylvania and Trump v. Pennsylvania…
Article

Faegre Drinker Biddle & Reath LLP | USA | 7 Jul 2020

Department of Justice, Federal Trade Commission Finalize New Vertical Merger Guidance

In a year of many firsts, the U.S. Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC) Bureau of Competition…
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