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The 21st Century Banker

Repost: Illinois’ Legalization of Marijuana May Change the Drug-Free Workplace Landscape

By Elizabeth N. Hall & Grace L. Urban on June 21, 2019

This below article was originally posted on Vedder Thinking on June 20, 2019 Recreational cannabis is poised to become legal in Illinois in 2020, and Illinois employers should consider the impact now. In late May 2019, the Illinois House and Senate approved the Cannabis Regulation and Tax Act (the “CRTA”), which Illinois Governor J.B. Pritzker has promised to sign into law. Continue reading: https://www.vedderprice.com/illinois-legalization-of-marijuana-may-change-the-drug-free-workplace-landscape…

The 21st Century Banker

A Small Win: Illinois to Phase-Out Franchise Tax

By Juan M. Arciniegas, Thomas P. Desmond, James M. Kane, Jennifer Durham King, Daniel C. McKay, II, James W. Morrissey & Mark C. Svalina on June 19, 2019

On June 5, 2019, Illinois Governor J.B. Pritzker signed a $40 billion state budget bill into law. Among the various provisions included in the over 300 page budget is a provision providing for the phase-out of Illinois’ corporate franchise tax beginning on January 1, 2020.…

The 21st Century Banker

Repost: Illinois General Assembly Passes Bill to Require Annual Reporting of Board Diversity

By John T. Blatchford, Jennifer Durham King, Thomas P. Desmond & Christopher G. Barrett on June 12, 2019

This below article was originally posted on Vedder Thinking on June 4, 2019. On Saturday, June 1, 2019, The Illinois General Assembly passed a bill (the “Diversity Disclosure Bill”) requiring most publicly held companies organized or headquartered in Illinois to include detailed demographic diversity information in their annual reports. Bill intended to provide data to support future policy changes to address underrepresentation of women and minorities on public company boards. Continue reading: https://www.vedderprice.com/illinois-general-assembly-passes-bill-to-require-annual-reporting-of-board-diversity-information…

Media & Privacy Risk Report

TCPA Case Law Review (Vol. 9): How are there still this many TCPA cases?

By Bryan K. Clark & Blaine C. Kimrey on May 21, 2019

The volume of TCPA cases nationwide makes it incredibly difficult to keep up with all of the latest developments. Who wants to engage in the tedious task of reading more than 100 published decisions related to the TCPA several times a year? Lucky for you, the answer is us! We have once again taken on the burden of slogging through the swampy flood of TCPA cases nationwide, so you don’t have to. We have compiled…

Media & Privacy Risk Report

SCOTUS Catapults Class Arbitration Onto the Endangered Species List

By Blaine C. Kimrey, Bryan K. Clark & Madeline Tzall on May 1, 2019

On April 24, 2019, the U.S. Supreme Court issued an important decision touching a number of hot button issues and litigation threats facing American businesses — including class actions, arbitration agreements and data privacy. The case, Lamps Plus, Inc. v. Varela, 17-988, 2019 WL 1780275 (U.S. Apr. 24, 2019), stemmed from a data breach in which a hacker posing as a company official “tricked” a Lamps Plus employee into disclosing the tax information of approximately…

Media & Privacy Risk Report

HIPAA Civil Penalty Annual Limits Plummet

By Blaine C. Kimrey, Bryan K. Clark & Caitlin C. Podbielski on May 1, 2019

Recognizing that different levels of culpability warrant different annual civil penalty limits, the Department of Health and Human Services adopted a notification April 23, 2019, to be published in the Federal Register April 30, 2019, that reduces the majority of the caps on annual civil penalties. See 45 C.F.R. Part. 160.…

Media & Privacy Risk Report

SEC: Practice What You Preach on Privacy

By Blaine C. Kimrey, Bryan K. Clark & Joel S. Forman on April 22, 2019

One of the most common things we discuss with clients is the need to ensure that privacy policies accurately reflect the actual procedures in place for handling confidential information. The SEC reiterated that point last week in a Risk Alert that encouraged SEC-registered companies to review their written policies and procedures to ensure adequate implementation and compliance with the law. In the Risk Alert, the Office of Compliance Inspections and Examinations (“OCIE”) published a list…

Media & Privacy Risk Report

TCPA Case Law Review (Vol. 8)

By Bryan K. Clark & Blaine C. Kimrey on March 13, 2019

Although there have not been any groundbreaking cases to start the new year, 2019 is off to a good start for the TCPA defense bar. Several courts have denied class certification in putative TCPA class actions while other courts have granted dismissal or summary judgment for the defendants. Below are the most notable cases for this review period. The decisions are listed by issue category in alphabetical order.…

The 21st Century Banker

31st Annual Banking Update

By Juan M. Arciniegas, Thomas P. Desmond, James M. Kane, Jennifer Durham King, Daniel C. McKay, II, James W. Morrissey & Mark C. Svalina on March 12, 2019

Please join us for a complimentary half-day conference presented by the Financial Institutions Group of Vedder Price.…

Media & Privacy Risk Report

BIPA ALERT: An Opening of the Litigation Floodgates?

By Joseph A. Strubbe, Brian W. Ledebuhr, Frederic T. Knape & Zachary J. Waters on January 25, 2019

No Actual Harm Necessary to Assert Biometric Privacy Claims in Illinois Today the Illinois Supreme Court held that an individual does not need to allege actual harm in order to seek liquidated damages and injunctive relief under the Illinois Biometric Information Privacy Act (BIPA or the Act) 740 ILCS 14/1 et seq. In Rosenbach v. Six Flags Entertainment Corp., the Court unanimously found that a plaintiff need only allege a technical violation of BIPA…

Vedder Price PC

Vedder Price PC Blogs

Blog Authors

Repost: Illinois’ Legalization of Marijuana May Change the Drug-Free Workplace Landscape

A Small Win: Illinois to Phase-Out Franchise Tax

Repost: Illinois General Assembly Passes Bill to Require Annual Reporting of Board Diversity

TCPA Case Law Review (Vol. 9): How are there still this many TCPA cases?

SCOTUS Catapults Class Arbitration Onto the Endangered Species List

HIPAA Civil Penalty Annual Limits Plummet

SEC: Practice What You Preach on Privacy

TCPA Case Law Review (Vol. 8)

31st Annual Banking Update

BIPA ALERT: An Opening of the Litigation Floodgates?

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