Development impact fees, a common tool used by local governments to fund public infrastructure and services, play a crucial role in the process of urban and suburban growth. These fees are levied on developers in conjunction with new construction or
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Children’s Advertising Review Unit Issues Compliance Warning on AI in Child-Directed Advertising and Data Collection
The Children’s Advertising Review Unit (CARU) of BBB National Programs issued a new compliance warning aimed at addressing the use of artificial intelligence (AI) in advertisements and data collection efforts targeted at children. The warning emphasizes that CARU will “strictly
FTC Issues Record Penalty Against Williams-Sonoma for Made in USA Claims
The FTC has made its position on violations of “Made in USA” standards clear, and Williams-Sonoma received an expensive repeat reminder. On Thursday, April 25, the agency announced a settlement with the home goods retailer, directing Williams-Sonoma to pay an
Supreme Court Rules that MD&A Omission Does Not Give Rise to a Claim for Securities Fraud
On April 12, 2024, the Supreme Court issued a highly-anticipated decision in Macquarie Infrastructure Corp. v. Moab Partners, L.P., ruling that a “pure omission” is not actionable in private litigation under Section 10(b) of the Securities Exchange Act of 1934
FTC Poised to Finalize Noncompete Rule
California Wage Hike Law for Fast Food Workers Generates Uncertainty for Some Employers
On April 1, 2024, California’s Assembly Bill No.1228 (“AB 1228”) took effect, making the state’s fast food workers the highest paid in the United States. However, uncertainty regarding precisely who is covered under the new law has left some employers
California Ruling Shows Limits of Exculpatory Lease Clauses
In the realm of commercial leasing, the fine print of contracts can often hold significant consequences for both landlords and tenants. One area where contention often arises is with exculpatory clauses, which routinely aim to absolve landlords from responsibility for
AI in Real Estate: Prospects and Pitfalls
Artificial intelligence (“AI”) is often touted as the latest transformative technology set to revolutionize the commercial real estate industry. This may seem like grandstanding, but the hype is real. AI is already being implemented by law firms and their clients
Recent Gensler Speech Highlights SEC’s Two-Fold AI Disclosure Concerns
In a speech before the Yale Law School February 2024, SEC Chair Gary Gensler had AI top of mind. Interrupted only by a colorful collection of movie references, Chair Gensler focused almost the entirety of his remarks on AI and
SEC Adopts Long-Awaited Final Climate Disclosure Rules
On March 6, 2024, by a party-line vote of 3-2, the US Securities and Exchange Commission (SEC) adopted final rules (entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors”) requiring most public companies to disclose climate-related information in registration