State Dept. Discusses Visa Availability in the Coming Months
The Department of State's Visa Bulletin for March 2018 discusses visa availability in the coming months in several categories.
Legal Updates
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USCIS Revises Mission Statement, Removes ‘Nation of Immigrants’
In what may be a sign of the times, U.S. Citizenship and Immigration Services (USCIS) has revised its mission statement to remove the term "nation of immigrants," among other changes.
Coalition of Business Leaders Tells Trump: We Support International Entrepreneur Rule
A coalition of business leaders, investors and organizations sent a letter on February 8, 2018, to President Donald Trump in support of the International Entrepreneur Rule, which is in effect following a court order.
North Dakota Rejects Choice of Law/Forum Selection Provisions for Non-Compete Agreements
By Wayne W. Carlson, Michael S. Raum & Elizabeth L. Alvine
North Dakota law broadly prohibits non-compete and non-solicitation provisions in contracts, particularly between employer and employee, but also for anyone entering into such an agreement outside of the employment context. The North Dakota Supreme Court’s recent opinion takes this prohibition one step further
SEC Issues Statement and Guidance on Public Company Cybersecurity Disclosures
On February 21, the SEC issued a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents.
Reprimands of Big Banks Highlight Importance of Effective Oversight by Boards, Board Chairs and Lead Directors
In addition to imposing strong sanctions on Wells Fargo, the Federal Reserve Board has publicly posted letters of reprimand issued to the bank’s former CEO/board chair (in his capacity as chair), former independent lead director and current board, criticizing their ineffective oversight.
SEC Eyes Dual Class Shares for Reform
Might the SEC require sunsetting of dual-class shares listed on stock exchanges?
Congress, SEC Advance Initiatives for Smaller Public Companies
Small public companies may soon find life easier when it comes to filing forms and accessing capital, thanks to pending initiatives in Congress and at the SEC.
SCOTUS Watch: Relief for Defendants in State Securities Suits?
Is relief on the way for defendants targeted in state court class actions based on alleged violations of the Securities Act of 1933?
Digital Realty Trust Decision Increases Incentive to Bypass Internal Reporting
In-house compliance programs suffered a blow by the U.S. Supreme Court’s recent decision in Digital Realty Trust, Inc. v. Somers.