News

National Law Review1h
DOJ Settles Cybersecurity FCA Claims With PE Firm and Government Contractors
On July 31, 2025, the Fraud Section of the U.S. Department of Justice’s Commercial Litigation Branch (Fraud Section) ...
National Law Review1h
Liquid Staking Clears the Howey Hurdle
Division of Corporation Finance issued a staff statement expressing its views that certain liquid staking activities fall outside the federal securities laws.[1] ...
National Law Review1h
Federal Court Blocks Arkansas PBM Ownership Law, Citing Constitutional Violations
In a significant legal development, a federal judge has temporarily blocked Arkansas from enforcing Act 624. Act 624 prohibits pharmacy benefit managers (PBMs) from owning or operating pharmacies in ...
National Law Review2h
Key Takeaways from OFSI’s Latest Crypto-Asset Threat Assessment (July 2025)
On 21 July 2025, the UK Office for Financial Sanctions Implementation (OFSI) released a detailed threat assessment focused on ...
National Law Review3h
Texas Tightens Real Property Ownership Rules for Foreign Nationals with SB 17
Key Takeaways Texas passed SB 17, which prohibits certain foreign nationals, including foreign governments, foreign-owned businesses and individuals from certain countries from purchasing or acquiring ...
National Law Review3h
Federal Office of Personnel Management Issues Memorandum Encouraging Employees’ Religious Expression in the Public Sector
On July 28, 2025, the United States Office of Personnel Management (“OPM”) issued a memorandum endorsing federal employees ...
National Law Review3h
OFSI’s Enforcement Overhaul – What the July 2025 Consultation Means for UK Sanctions Compliance
On 22 July 2025, the UK Office of Financial Sanctions Implementation (OFSI) launched a significant consultation on proposed reforms to its civil enforcement framework (the Consultation). These reforms ...
National Law Review3h
Former IRS Acting Commissioner Douglas O'Donnell Joins KPMG LLP
New York-based KPMG LLP has announced that Douglas O'Donnell, former IRS acting commissioner, has joined the firm as a senior managing director within its Washington national tax practice. The hire ...
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A CAT-astrophic Funding Model? Court Sends SEC Back to the Drawing Board
The US Court of Appeals for the Eleventh Circuit (Eleventh Circuit) recently vacated the Securities and Exchange Commission’s (SEC) 2023 funding order for the Consolidated Audit Trail (CAT) (the 2023 ...
National Law Review3h
A Cautionary Tale - State AGs Prevail with a Lump of Coal for Major Investment Firms
In November 2024, a Texas-led coalition of thirteen states sued three of the world’s largest investment firms, BlackRock, State Street, and Vanguard Group, claiming the firms violated antitrust and ...
National Law Review5h
Kalshi Acts Swiftly Across Pending Litigation After Adverse Maryland Ruling
Shortly after receiving the first adverse ruling in any of the current high-profile matters being litigated against state ...
National Law Review5h
California Court of Appeal Clarifies Sick Leave Calculation for Outside Sales Employees
A recent California Court of Appeal decision provides clarity for employers with commissioned outside sales employees. In Hirdman v. Charter Communications, the court confirmed that employers may ...