First, I find that many people do not understand the status of recreational cannabis. It is Federally within Class 1 and thus is not legally available, according to clear reading of Federal law. Since it may nonetheless be available under … Continue reading
Stephen Honig
Banks are evaluated by a Federal Council staffed by several other agencies, including the Federal Reserve Bank. The existing bank rating criteria, in effect in current form for thirty years, considered capital, asset quality, management quality, earnings, liquidity and exposure … Continue reading
In 2024 the SEC adopted a rule requiring robust reporting of emissions of greenhouse gasses by public companies. The current SEC, under this administration, does not enforce this extant requirement; the rule itself has engendered various lawsuits claiming that the … Continue reading
I find many clients are not aware that at some point in the foreseeable future the IRS will require that Federal tax payments be sent on-line. We today await guidance on this mandate, although it is fair to anticipate a … Continue reading
Every Monday I peruse the legal press to see what’s new, interesting, important. Sometimes it is M&A or capital markets. But this Monday’s mailbox was full of interesting stuff. Posts are supposed to be short revelations, not long rambles– SO … Continue reading
Those readers of my posts no doubt have views about the fees we lawyers charge. Many folks think we are overpaid; we of course bemoan our poverty. Now, another law firm is working to make sure they do not fall … Continue reading
Right after my last post about proposed SEC changes to reduce financial reporting, today’s press notes an SEC proposal sent to the White House which would reverse a 54-year old rule barring defendants against SEC civil actions, who choose to … Continue reading
The SEC is proposing to alter the quarterly reporting requirement for registered companies; presently all must file a form 10-Q showing inter alia company quarterly financials. The current proposal is to require financials only twice a year. This revision is … Continue reading
Anthropic is in court again, sued by the music publication industry for copyright infringement by reason of the scanning of extant music to educate Claude as part of the development of generative AI. The question: is such use “fair use” … Continue reading
If you are involved with an emerging company, how is your board of directors structured? Chances are you are not doing it right, says the National Association of Corporate Directors. You are respectfully directed to my blog site, just click … Continue reading