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Locke Lord LLP | USA | 6 Sep 2013

Second Circuit rejects First Amendment challenge to FCC’s program carriage rules, but vacates program carriage standstill rule

On September 4, 2013, the U.S. Court of Appeals for the Second Circuit rejected a First Amendment challenge to the Federal Communications


Locke Lord LLP | USA | 9 Jul 2013

D.C. Circuit vacates DOL administrative interpretation regarding loan officer exempt status

The D.C. Circuit Court of Appeals recently vacated the Department of Labor's ("DOL") 2010 Administrative Interpretation, which declared that mortgage


Locke Lord LLP | USA | 5 Jun 2012

Recent developments in wage and hour law

Wal-Mart Stores, Inc. agreed to pay $5.29 million to resolve alleged violations of the FLSA' overtime provisions.


Locke Lord LLP | USA | 1 Aug 2011

What now for proxy access?

With the United States Court of Appeals for the District of Columbia Circuit having struck down Rule 14a-11 in Business Roundtable et al v. Securities and Exchange Commission (No. 10-1305, July 22, 2011), the question is where does proxy access now stand and what can now be expected?


Locke Lord LLP | USA | 12 Jul 2011

Third Circuit overturns FCC’s revised newspaperbroadcast cross-ownership rule

Last week, a panel of the United States Court of Appeals for the Third Circuit, by a 2-1 decision, vacated the revised newspaperbroadcast cross-ownership rule adopted by the Federal Communications Commission (“FCC”) in 2008.


Locke Lord LLP | USA | 19 Oct 2010

CA insurance commissioner improperly restricted insurers with Iran investments

California Insurance Commissioner Steve Poizner took the initiative in 2009 to compel insurance companies doing business in his state to limit their investments in companies that do business with the nuclear, energy and defense sectors of the Iranian economy.


Locke Lord LLP | USA | 23 Apr 2010

New York Insurance Department opens its regulations to public comment

Pursuant to Executive Order No. 25 from the New York State Governor’s office establishing a Regulatory Review and Reform Program, the New York State Insurance Department (the "Department") is inviting comments from regulated entities and other interested parties to identify existing regulations that impose unnecessary, burdensome or excessive costs, paperwork or other requirements.


Locke Lord LLP | USA | 28 Jan 2009

Suit filed to overturn SEC rule classifying indexed annuities as securities

On January 16, 2009, American Equity Investment Life Holding Company (“American Equity”) issued a press release announcing that it, together with a coalition of insurance companies and independent marketing organizations, filed suit in the U.S. Court of Appeals for the District of Columbia Circuit seeking to overturn Rule 151A adopted by the Securities and Exchange Commission (“SEC”).

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