Last summer, the Texas legislature enacted sweeping amendments to the Texas Business Organizations Code (TBOC) with the stated purpose of “modernizing” the code and “clarifying and strengthening” the state’s corporate law framework. See our previous post for an overview of
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Sidley Austin LLP is a global law firm that publishes detailed legal analysis and commentary primarily focused on corporate governance, securities litigation, regulatory compliance, and related litigation matters. Its blog content often covers court decisions, regulatory developments, and best practices affecting corporate charters, bylaws, and compliance risks. The firm provides insights into jurisdictional issues, whistleblower implications, and evolving regulatory frameworks impacting financial institutions, pharmaceutical pricing, and digital regulations. Sidley Austin's publications serve legal professionals and corporate clients seeking updates and expert perspectives on complex legal and regulatory challenges.
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NHTSA Issues the First Defect Recall Order in Decades
On April 29, 2026, the National Highway Traffic Safety Administration (NHTSA) took a rare step: It issued a final decision ordering a recall of vehicle equipment—in this case, air bag inflators manufactured in China that allegedly caused numerous deaths and…
California Finalizes a New Regulatory Regime for Testing and Deploying Autonomous Vehicles
On April 28, the California Department of Motor Vehicles released the finalized version of the state’s new autonomous vehicle regulations. More than a year in development and shaped by extensive public debate, these rules carry significant implications for companies that…
DOJ’s National Fraud Enforcement Division Launches West Coast Health Care Fraud Strike Force
In a further sign that healthcare fraud enforcement remains a top Department of Justice (“DOJ”) priority, on April 30, 2026, the National Fraud Enforcement Division ( “Fraud Division”) announced the launch of the West Coast Health Care Fraud Strike Force…
Extended Producer Responsibility Deadlines Are Here: What Companies Complying With Packaging and Textile EPR Need to Do Now
Companies preparing to comply with packaging extended producer responsibility (EPR) requirements across the United States, as well as textile producers and those in their supply chains, should update their strategies based on recent and upcoming developments across states with new…
Preparing for the UK’s New Data Protection Complaints Regime: Key Steps Before June 2026
The Data (Use and Access) Act 2025 (“DUAA”) has made a number of changes to the UK’s data protection regime, many of which have already come into force. From 19 June 2026, organisations will need to implement or update their…
Who Started It? Delaware Court of Chancery to Address Whether Contacting DOJ Is ‘Initiating’ a Proceeding in Advancement Case
On March 6, 2026, Magistrate Wright of the Delaware Court of Chancery issued a report which underscored Delaware courts’ well-established preference for the enforcement of advancement rights, especially in cases involving broadly drafted provisions. In doing so, the Magistrate addressed…
E.D. Pa. Rejects Indefinite Sealing of FCA Extension Materials, Emphasizing Narrow Purpose of Seal
A recent decision from the Eastern District of Pennsylvania provides an important procedural win for defendants and a reminder that the False Claims Act’s seal provision is not intended to provide indefinite confidentiality. In United States ex rel. Compton v.…
Texas Qui Tam Under Fire: Texas Appellate Dissent Raises Major Constitutional Doubts
In a closely watched mandamus proceeding, the Texas Fifteenth Court of Appeals denied mandamus relief to a defendant pharmaceutical company in a qui tam case brought under the Texas Healthcare Program Fraud Prevention Act (the “Act”). While the majority declined…
Securities Litigation Against Life Sciences Companies: 2025
Securities class actions against life sciences companies are mostly second-order problems. The first-order problem is a business or regulatory setback that, when disclosed by the company or a third party, triggers a stock price decline. Following the decline, plaintiffs’ class…