The U.S. Securities and Exchange Commission announced on June 29, 2026 that the U.S. District Court for the Eastern District of New York entered a default final judgment on June 16, 2026 against NanoBit Limited, Radiant Horizons, Zhao Deli, Sweet (…)
On July 4, 2025, President Trump signed H.R. 1, the One Big Beautiful Bill Act (OBBBA), P.L. 119-21. Section 70106 of that Act amends IRC § 2010(c)(3) to increase the base amount for the unified estate and gift tax credit (…)
The U.S. Securities and Exchange Commission’s enforcement division is investigating funds widely used by private equity firms and other asset managers to retain holdings they either cannot or do not wish to sell, as the agency intensifies its review of (…)
The case arises from the collapse of Kroger’s proposed $24.6 billion acquisition of Albertsons, which was blocked by antitrust regulators in late 2024. Albertsons sued Kroger in the Delaware Court of Chancery, alleging Kroger willfully breached its contractual obligation to (…)
Coca-Cola’s long-running transfer pricing dispute with the IRS reached oral argument before the U.S. Court of Appeals for the Eleventh Circuit on June 25, 2026, in Miami. The underlying dispute concerns tax years 2007–2009 and centers on how Coca-Cola allocated (…)
At an open meeting chaired by SEC Chairman Paul Atkins, the Commission voted to propose rescinding Rule 611 (the “trade-through prohibition” requiring trades be executed at the national best bid or offer) and Rule 610(e) (restrictions on locking and crossing (…)
In a 6–3 decision authored by Justice Barrett, the Supreme Court held that Section 47(b) of the Investment Company Act does not create an implied private right of action for rescission of contracts that allegedly violate the Act, reversing the (…)
(Reuters) The U.S. Supreme Court on Thursday rejected a challenge to the Securities and Exchange Commission’s broad authority to recover illegal profits using a financial remedy called disgorgement, buttressing one of the Wall Street watchdog agency’s key powers. The justices, (…)
(Metropolitan News-Enterprise) The Ninth U.S. Circuit Court of Appeals weighed in yesterday on the use of artificial intelligence tools in legal filings, suspending two Orange County immigration attorneys from practice in the court for six months, as well as imposing (…)
The United States Trade Representative determined under Section 301 of the Trade Act of 1974 that the acts, policies, and practices of 60 economies related to the failure to impose and effectively enforce a prohibition on the importation of goods (…)