On October 24, Judge Rochon of the U.S. District Court for the Southern District of New York blocked an $8.5 billion dollar acquisition between Tapestry, Inc. (“Tapestry”) and Capri Holdings Limited (“Capri).[1] Tapestry’s acquisition of Capri sought to unite the top two U.S. handbag makers; namely, Tapestry’s Coach, Kate Spade, and Stuart Weitzman with Capri’s ..read more

[1] In corporate law, self-dealing by fiduciaries is a fundamental concern, and there is significant debate over how to regulate it [2] Self-dealing—the expropriation of corporate wealth from fiduciaries presents a conflict-of-interest question, and scholars have disagreed on which of two rules is more effective at addressing the issue.[3] Some advocate for a “strict” no ..read more

The Inflation Reduction Act of 2022 (the “IRA”) encompassed multiple policy pushes from the current Biden administration but specifically addressed climate change.[1] Included within the IRA is a broadening of the applicability of renewable energy tax credits by offering developers the opportunity to monetize the credits at a discounted price to corporations.[2] Effective January 1 ..read more

In recent years, the U.S. Department of Justice (“DOJ”) has intensified its focus on Big Tech, aiming to curtail the unprecedented power that companies like Google, Amazon, Apple, and Meta have accumulated.[1] The regulatory crackdown comes as part of a broader global movement where governments, particularly in Europe and the U.S., are enacting laws and ..read more

2024 was a pivotal year for all of real estate’s major players: – landlords and tenants, buyers and sellers, owners and developers.  Whether you’re looking to purchase a new home, rent out your vacation condo, or impress your realtor friends with your knowledge of the industry’s latest trends, you’ll want to know what these changes ..read more

Corporations face growing demands for transparency and accountability in various aspects of governance and social responsibility.[1]  Recent cases in the Fifth and Eighth Circuit Courts delve into the complexities of compelled speech[2], ideological expression[3], and constitutional scrutiny within the framework of securities law.[4]  These decisions could have profound implications for regulatory practices, corporate disclosures, and ..read more

The Organization for Economic Co-operation and Development (“OECD”) Global Tax Deal is a groundbreaking international agreement to overhaul how multinational corporations are taxed . It emerged from the Base Erosion and Profit Shifting (“BEPS”) project, launched in 2013 to combat tax avoidance by multinational corporations.[1] The BEPS initiative addressed how companies were shifting profits to low-tax ..read more

On August 28, 2024, the co-founder and CEO of OpenSea, Devin Finzer, announced via X, formerly known as Twitter, that OpenSea, the widely popular non-fungible token (NFT) marketplace, had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC).[1] According to Finzer, the notice asserted that under existing federal law, the NFTs on OpenSea ..read more

While the European Union is not John Connor, and ChatGPT is certainly no Skynet, the EU has taken a bold first step in attempting to protect our society and the “fundamental rights of a person”[1] from the risks that come with the rapidly advancing development of more and more powerful artificial intelligence (AI) models. What Happened? The European Council Approved the EU AI Act On February 2, 2024, the European Council (consisting of representatives from each of the 27 member states) unanimously voted to approve the groundbreaking European Union Artificial Intelligence Act (the “EU AI Act” o ..read more

Over the last six months, Spirit Airlines stock has plummeted,[1] and there are now reports that the airline’s pilots are actively hunting for jobs elsewhere.[2] This downward spiral comes on the heels of a federal judge’s blockage of the proposed $3.6 billion acquisition of Spirit by JetBlue Airways last month.[3] In his opinion, United States District Judge William Young wrote “[t]o those dedicated customers of Spirit, this one’s for you.”[4] Moreover, Judge Young stated that the elimination of Spirit, a budget carrier, would “harm cost-conscious travelers” who have benefited from Spirit’s a ..read more