Skip Navigation

Legal Updates

Showing page 2 of 112

Treasury Announces Regulations Blessing State Tax Deduction Workaround for Pass-through Entities

November 10, 2020

As of November 9, 2020, owners of partnerships and S corporations in those states allowing pass-through entities to pay state tax at the entity level can deduct those taxes on their federal returns with the U.S. Department of the Treasury’s blessing.

View Details

Recent FERC Complaint Filed by Demand Response Aggregator Could Significantly Impact MISO Wholesale Market

November 5, 2020

The nonprofit legal aid organization Earthjustice recently filed a complaint with FERC on behalf of Voltus against MISO.

View Details

Hard To Give Them Up – A High Standard For Abandonment Of Easement Rights

November 4, 2020

Even if easement rights are not used for an extended period, it would be a mistake for an owner of property burdened by such an easement to assume the other party’s easement rights have been abandoned.

View Details

Rule Against What?

October 28, 2020

Designed to prevent ownership of land from being controlled forever (or in perpetuity), the Rule Against Perpetuities provides that a contingent interest must vest within 21 years of a life in being. This definition includes many words that need to be defined for full context.

View Details

Benefit Plans: 2021 COLAs

October 27, 2020

The Internal Revenue Service has announced the 2021 cost-of-living adjustments (COLAs) for retirement plans. Most limits have remained unchanged.

View Details

Whose Dirt (or Sand) Is It Anyway?

October 19, 2020

It is not always clear whether materials such as clay, gravel and sand are subject to mineral reservations – or whether those materials belong to surface owners.

View Details

New California Law Mandates Racial and Other Minority Representation on Corporate Boards

October 16, 2020

On September 30, 2020, two years after making headlines by enacting Senate Bill 826, legislation requiring public companies based in the state to include at least one woman on their boards by the end of 2019, California enacted Assembly Bill 979, a similar bill requiring public companies based in the state to include at least one director from an underrepresented community by the end of 2021.

View Details

Push for Boardroom Diversity Extends Far Beyond California

October 16, 2020

While California’s legislative mandates have garnered the most attention, several other state legislatures have enacted or are considering board diversity legislation. In addition, a recent proposal by influential proxy advisory firm Institutional Shareholder Services Inc. has the potential to effectively mandate racial and ethnic diversity on all public company boards, regardless of applicable state law.

View Details

SEC Adopts Amendments to Whistleblower Award Program

October 16, 2020

On September 23, 2020, the SEC adopted amendments to the rules governing its whistleblower award program.

View Details

SEC Adopts Amendments to Shareholder Proposal Rule

October 16, 2020

On September 23, 2020, the SEC adopted amendments to Exchange Act Rule 14a-8, the rule that governs the process for shareholder proposals to be included in a company’s proxy statement.

View Details