FTC introduces ban on worker non-competes. M&A participants should assess impact of ban in coming deals.

Washington’s My Health My Data Act is now in effect and significantly expands the scope of regulated information to any “consumer health data” that identifies a consumer's past, present, or future physical or mental health status. The Act has broad applicability for businesses, including non-profits, that offer goods or services to Washington residents, and there is no applicability threshold. Among the requirements is the posting of a separate consumer health privacy notice on the business’s website.

On March 6, 2024, the SEC issued its final rules “to enhance and standardize climate-related disclosures by public companies and in public offerings.” This client alert reviews the new disclosure requirements for reporting companies.

This client alert examines the mechanics of the cramdown round and suggests steps the board and lead investors can take to lessen the threat of legal liability from non-participating investors.

On January 30, 2024, the Delaware Court of Chancery rescinded Tesla's January 2018 grant to CEO Elon Musk of performance-based stock options with a potential $55.8 billion maximum value and a $2.6 billion grant date fair value. The lawsuit was filed derivatively against Musk, in his capacity as Tesla’s controlling shareholder and director, and against certain other Tesla directors. This Client Alert explores this critical decision.

(In Japanese) On January 30, 2024, the Delaware Court of Chancery rescinded Tesla's January 2018 grant to CEO Elon Musk of performance-based stock options with a potential $55.8 billion maximum value and a $2.6 billion grant date fair value. The lawsuit was filed derivatively against Musk, in his capacity as Tesla’s controlling shareholder and director, and against certain other Tesla directors. This Client Alert explores this critical decision.

It is estimated that over 30 million US companies will be required to comply with the Corporate Transparency Act. This Client Alert considers the implications of the CTA for US companies, with a focus on large companies and groups that may incorrectly assume that they are exempt from the CTA.

The Corporate Transparency Act (the “CTA”) went into effect on January 1, 2024. The CTA seeks to counteract money laundering, fraud and other illegal activity by imposing ownership disclosure requirements on private companies in the United States to an unprecedented extent. This Client Alert considers the implications of the CTA for foreign companies and foreign owners of US companies.