The U.S. Supreme Court has delivered a ruling that will significantly influence how estate lawyers manage succession planning for family businesses. The case, Connelly v. United States, involved the estate of Michael Connelly and its dispute with the IRS over the inclusion of life insurance payouts in the valuation of... Read More »
The Biden administration announced on Tuesday that it will implement a new asylum ban aimed at curbing the influx of migrants at the U.S.-Mexico border. The ban, set to take effect at 12:01 a.m. ET on Wednesday will block migrants from claiming asylum if they cross the border illegally until... Read More »
Former President Donald Trump was found guilty on Thursday of falsifying business documents in a New York court. The conviction marks the first time a U.S. president has been convicted of a crime. The 12-member jury deliberated for two days before pronouncing Trump guilty on all 34 felony counts related... Read More »
Families of the victims of the tragic 2022 school shooting at Robb Elementary School in Uvalde, Texas, have filed two lawsuits against Instagram's parent company Meta, Microsoft (the parent company of Activision Blizzard), and gun manufacturer Daniel Defense. The lawsuits claim that these companies collaborated in marketing dangerous weapons to... Read More »
In a bipartisan effort, Republican Assembly member Juan Alanis and Democrat Rebecca Bauer-Kahan have successfully persuaded their colleagues in the California Assembly to advance legislation mandating age verification on pornography websites. The bill, Assembly Bill 3080, aims to protect children from exposure to explicit and violent sexual material online. Juan... Read More »
On Wednesday, the U.S. Consumer Financial Protection Bureau (CFPB) announced that it will extend some credit card consumer protection rules to Buy Now, Pay Later (BNPL) lenders, aiming to enhance oversight of the rapidly expanding sector. BNPL providers such as Affirm, Klarna, and Afterpay, which partner with retailers to offer... Read More »
Actress Riley Keough, the granddaughter of Elvis Presley, has initiated legal action to prevent the foreclosure sale of the iconic Graceland mansion, labeling the proceedings as “fraudulent.” In a lawsuit filed in Tennessee court last week, Keough alleges that the foreclosure was prompted by false claims from a company called... Read More »
The Supreme Court, on Tuesday (May 14), allowed Texas to immediately begin enforcing a controversial immigration law, Senate Bill 4 (S.B. 4), which permits state officials to arrest and detain individuals suspected of entering the country illegally. This decision represents a temporary victory for Texas in its ongoing battle with... Read More »
On Tuesday (May 14), Elon Musk was ordered by a federal court to testify once more in the U.S. Securities and Exchange Commission (SEC) 's ongoing investigation into his acquisition of Twitter, now known as X. The directive comes amid intensifying scrutiny over Musk's 2022 purchase of the social media... Read More »
On Friday, Google and the U.S. Justice Department were in court over allegations that the tech giant unlawfully maintained a monopoly in search advertising. The proceedings, held before U.S. District Judge Amit Mehta in Washington, D.C., mark a critical moment in one of the most significant antitrust trials in recent... Read More »
In a significant policy shift, the Biden administration announced that it will extend access to federally run health insurance programs to certain immigrants brought illegally to the U.S. as children, also known as "Dreamers." This move, set to take effect on November 1, could potentially benefit an estimated 100,000 previously... Read More »
HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway, is now embroiled in a new proposed class-action lawsuit filed in Miami federal court. This lawsuit accuses the real estate brokerage of engaging in practices that allegedly inflate the cost of buying homes in the United States. This legal challenge... Read More »
On Tuesday, Changpeng Zhao, the former chief executive of Binance, the world’s largest cryptocurrency exchange, was sentenced to four months in prison after pleading guilty to charges of violating U.S. anti-money laundering laws. The sentence was handed down by U.S. District Judge Richard Jones in Seattle. Zhao, often referred to... Read More »
On Tuesday, the Federal Trade Commission (FTC) issued a landmark final rule that bans noncompete clauses nationwide, heralding a major shift in labor and competitive practices across the United States. This move aims to enhance worker mobility, stimulate innovation, and encourage the formation of new businesses. FTC Chair Lina M.... Read More »
The U.S. Supreme Court appeared divided as it revisited the contentious issue of abortion access, weighing Idaho's strict abortion ban against the federal Emergency Medical Treatment and Labor Act (EMTALA), which mandates that patients receive necessary emergency care. The justices heard arguments in an appeal by Idaho officials against a... Read More »
