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New York Appeals Court Ruling Upholds Award Of Punitive Damages For Unintentional Data Breach
A recent decision by the Appellate Division of the New York Supreme Court, upholding a jury award of punitive damages for unintentional privacy breaches, should serve as a warning flag for all companies – especially those in the health care sector – that failure to implement and maintain appropriate policies for the handling of personal data may result in liability.
United States
5 Dec 2007
Getting A Handle On The Software Patent Explosion
Companies in many different fields – not just Information Technology – are concerned about how to best protect their software technology. Changes in the legal landscape for the protection of computer software have resulted in an avalanche of patents geared toward software-related inventions.
United States
26 Jan 2006
Review of SEC’s Semi-Annual Regulatory Agenda
In the last quarter of 2005, the SEC published its Semiannual Regulatory Agenda (the "Agenda") which, in compliance with the Regulatory Flexibility Act, identifies anticipated rulemaking activity that is likely to have a significant economic impact on a substantial number of small entities.
United States
25 Jan 2006
IRS Extends Simplified Procedures to Determine Whether Foreign Dividends Qualify for Reduced Tax Rate
In Notice 2006-3, the IRS extended the simplified procedures to determine whether foreign dividends qualify for the reduced rate of tax on qualified dividends. The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the rate of tax on certain “qualified dividends” to a maximum of 15% for individual taxpayers. Generally, dividends paid with respect to stock of a foreign corporation are qualified dividends if either (a) the stock with respect to which the dividend is paid is readily trad
United States
12 Jan 2006
SEC Issues Release Proposing Proxy Rule Changes to Permit Delivery of Proxy Materials Via Website
FRB Governor Bies Discusses Risk and Capital Allocation; RMA Proposes Alternative to US Basel IA ANPR; FDIC Publication Provides Guidance on Governance by FIs of Financial Models; Federal Court of Appeals Upholds Ruling that Lawyers are not Required to Comply with FTC’s Privacy Rules under GLBA; SEC Staff Responds to ABA Subcommittee on Private Investment Entities Regarding New Private (Hedge) Fund Adviser Registration Requirements and Related Advisers Act Compliance Issues.
United States
14 Dec 2005
Are Major Changes in Store for the U.S. Patent System?
In April, the House Subcommittee on Courts, the Internet, and Intellectual Property released draft patent reform legislation known as the "Patent Reform Act of 2005, HR2795." This legislation proposes significant changes to the U.S. patent system that, if adopted, would in many respects transform the U.S. system and make it more akin to foreign patent systems.
United States
3 Nov 2005
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