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Recent high-profile insider trading cases brought by the SEC and the DOJ have resulted in hefty prison sentences, fines and settlements. The SEC has made it clear that insider trading continues to be a high enforcement priority and that it will pursue criminal trading aggressively. In particular, the SEC says it will continue to scrutinize trading around significant corporate transactions, such as a merger.
Just as people were starting to gain a sense of comfort dealing with changes to the U.S. patent system brought on by the America Invents Act of 2011, we now find that Europe is also planning changes to its own patent system. The changes will include introducing a unitary patent and a unified patent court. What are the further particulars regarding these changes and how should they factor into your European patent filing strategies?
As of July 1, 2013, employers participating in E-Verify are required to enter an employee’s email address into E-Verify if that employee voluntarily provided the information in Section 1 of Form I-9. This new data field was added to E-Verify to bring it in line with the new version of the Form I-9, which went into effect in March 2013 and added data fields for employees’ emails and telephone numbers in Section 1.
We are delighted to report that bi-national same-sex couples no longer have to choose between separation from their spouse or separation from the United States. Prior to the Supreme Court’s ruling, same-sex couples have been prevented from receiving federal immigration benefits. The limiting definition of marriage as only between a man and a woman found in the Defense of Marriage Act (DOMA) is no longer valid, granting same-sex spouses equal benefits.
A new Vermont state law set to go into effect on July 1, 2013, creates penalties for “bad faith assertions of patent infringement.” While this law may eventually be struck down due to preemption by federal patent law, patent owners should be aware of its provisions before engaging in enforcement activities directed to any entity that may be considered a “Vermont person” or the customer of one.
On May 23, 2013, Governor Dayton signed an Omnibus Tax Bill into law that may have a significant impact on clients who reside in Minnesota and those who reside outside of Minnesota but own property located in Minnesota. Minnesota will now become the second state after Connecticut to impose a gift tax at this time. The new law also imposes a Minnesota estate tax for all property located in Minnesota held in pass-through entities. The following are some of the key provisions of the law:
As of April 30, 2013, U.S. Customs and Border Protection (CBP) began phasing out the paper Form I-94 cards at airports and seaports in the U.S. and U.S. territories. CBP will still issue a paper Form I-94 card to foreign nationals seeking admission at land border crossings.
As you are no doubt aware, many aspects of the Affordable Care Act become effective on January 1, 2014. One of those requirements is the “shared responsibility” (sometimes called the “pay or play”) penalties that may be assessed on “applicable large employers.” An “applicable large employer” is an employer that has 50 or more full-time employees and/or full-time equivalent employees (FTEs). An applicable large employer may be subject to a penalty if the employer does not offer group health coverage to its full-time employees and their dependents, or if the employer does not offer group health coverage that is affordable and provides minimum value. An employee is “full-time” if he or she works, on average, at least 30 hours per week. Part-time employees also count for purposes of determining the number of FTEs.
The H1B cap (bachelor’s and master’s) for fiscal year 2014 was reached on April 5. This means USCIS will not accept any new H1B cap subject petitions received or filed after April 5, 2013. USCIS will use a computer-generated random selection process (commonly known as the “lottery”) for all FY 2014 cap-subject petitions received through April 5, 2013.
On April 2, 2013, the SEC confirmed that public companies may use social media, such as Facebook and Twitter, and other emerging means of communication in much the same way that they use their own websites to announce key information in compliance with Regulation FD. The key is whether investors have been notified about the social media accounts ahead of time.