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California Governor Signs CCPA Amendments into Law

By Hunton Andrews Kurth LLP on October 13, 2019

On October 11, 2019, California Governor Gavin Newsom announced that he signed all five of the California Legislature’s September 2019 amendments to the California Consumer Privacy Act of 2018 (“CCPA”) into law: AB-25, AB-874, AB-1146, AB-1355 and AB-1564. The Governor had until October 13, 2019, to sign or veto the amendments, which were passed at the end of the Legislature’s 2019 legislative session. This news came just a day after California…

Blockchain Legal Resource

CFTC, FinCEN and SEC Issue Joint Statement on Activities Involving Digital Assets

By Scott H. Kimpel on October 11, 2019

Today the CFTC, SEC and FinCEN issued a joint statement on digital assets. In particular, the joint statement reminds persons engaged in activities involving digital assets of their anti-money laundering and countering the financing of terrorism (AML/CFT) obligations under the Bank Secrecy Act (BSA). The entire joint statement is available here. …

Hunton Retail Law Resource

Hart-Scott-Rodino Changes

By Catherine Kordestani & Kristina E. Van Horn on October 11, 2019

New Hart-Scott-Rodino (HSR) reporting requirements took effect September 25, 2019. The Federal Trade Commission (FTC) recently made changes to the HSR form. Retail clients exploring a merger or acquisition should be aware that the FTC requires updated codes for Item 5 of the HSR form. Clients will need to provide 6-digit North American Industry Classification System (NAICS) codes and 10-digit North American Product Classification System (NAPCS) codes when reporting manufacturing revenues. The FTC will require…

Hunton Insurance Recovery Blog

Opioid Settlement Triggers Insurer’s Duty to Indemnify Where Covered Claims Are “Primary Focus” of the Action

By Michael S. Levine & Michelle M. Spatz on October 11, 2019

A federal court in Illinois ruled recently, in Cincinnati Insurance Company v. H.D. Smith Wholesale Drug Company, that Cincinnati Insurance Company was required to indemnify H.D. Smith for a $3.5 million settlement it reached with the State of West Virginia. The settlement resolved an action in which West Virginia alleged that H.D. Smith contributed to the state’s opioid addiction epidemic through its negligent distribution of opioid prescription drugs.…

Hunton Insurance Recovery Blog

Hunton Insurance Team Head Walter Andrews Comments On FBI’s Guidelines For Ransomware Payments

By Hunton Andrews Kurth LLP on October 10, 2019

In a recent Global Data Review article, Hunton Andrews Kurth insurance practice head Walter Andrews commented on the FBI’s guidelines on ransomware payments and the insurance industry’s aggressive marketing of ransomware policies, noting that policyholders now have a resource that can help cover the cost of such an attack. The full Global Data Review article can be found here.…

Privacy & Information Security Law Blog

California Attorney General Issues Proposed Regulations for CCPA

By Hunton Andrews Kurth LLP on October 10, 2019

On October 10, 2019, the California Attorney General (“AG”) announced Proposed Regulations implementing the California Consumer Privacy Act of 2018 (“CCPA”). Along with a Notice of Proposed Rulemaking Action and the Text of Proposed Regulations, the AG issued an Initial Statement of Reasons elaborating on the purposes of the proposed regulations.…

Privacy & Information Security Law Blog

German Data Protection Authorities Examine Proposal for GDPR Fining Model

By Hunton Andrews Kurth LLP on October 10, 2019

On September 17, 2019, the German Conference of Data Protection Authorities (Datenschutzkonferenz, (“DSK”) examined a proposal for calculating administrative fines under the EU General Data Protection Regulation (“GDPR”). The press release of the DSK states that this initiative aims to ensure a calculation of fines against violations of the GDPR that is “systematic, transparent and understandable.” However, the press release refrains from describing the criteria of the fining model officially, as the fining model has…

Hunton Retail Law Resource

Corp Fin Announcement Regarding Rule 14a-8 No-Action Requests

By Steven M. Haas & Scott H. Kimpel on October 10, 2019

As reported in our previous client alert, on September 6, 2019, the staff in the Securities and Exchange Commission’s Division of Corporation Finance (the Division) announced important changes to the Division’s process for administering Rule 14a-8 no-action requests regarding shareholder proposals. Specifically, the staff may respond orally rather than in writing to no-action requests. Moreover, the staff may decide not to take a position on the merits of certain requests, thus leaving to the company…

Business Immigration Insights

Lots of Smoke, No Fire – The Debate Continues Around the Elimination of the Per-Country Limit for Employment-Based Green Cards

By Helena Wasey Abebe on October 10, 2019

On September 19, 2019, Congress tried and failed to eliminate the per-country limit for employment-based green cards. This latest effort, a bill known as the Fairness for High-Skilled Immigrants Act of 2019 (HR 1044) easily passed in the House 365-65, but stalled in the Senate where it has been blocked by Senator David Perdue (R-GA) who has placed a hold on the bill preventing a vote. While there is consensus that the current…

Blockchain Legal Resource

IRS Updates Guidance on Cryptocurrency

By Scott H. Kimpel on October 9, 2019

On October 9, 2019, the Internal Revenue Service (Service) released Revenue Ruling 2019-24. The revenue ruling considers whether taxpayers should realize gross income under two common scenarios involving cryptocurrency and includes a number of illustrative examples. The Service concluded that a so-called “hard fork” on a cryptocurrency blockchain does not create taxable income if a taxpayer does not subsequently receive new units of cryptocurrency, but taxable ordinary income is generated by “airdrops” following a…

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLP Blogs

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California Governor Signs CCPA Amendments into Law

CFTC, FinCEN and SEC Issue Joint Statement on Activities Involving Digital Assets

Hart-Scott-Rodino Changes

Opioid Settlement Triggers Insurer’s Duty to Indemnify Where Covered Claims Are “Primary Focus” of the Action

Hunton Insurance Team Head Walter Andrews Comments On FBI’s Guidelines For Ransomware Payments

California Attorney General Issues Proposed Regulations for CCPA

German Data Protection Authorities Examine Proposal for GDPR Fining Model

Corp Fin Announcement Regarding Rule 14a-8 No-Action Requests

Lots of Smoke, No Fire – The Debate Continues Around the Elimination of the Per-Country Limit for Employment-Based Green Cards

IRS Updates Guidance on Cryptocurrency

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