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SEC Proposes Rescission Of Shareholder Proposal Rule And Other Proxy Modernization Amendments
The Securities and Exchange Commission has proposed sweeping changes to its proxy rules, including the complete rescission of Rule 14a-8, which has long enabled shareholders to include proposals in company proxy materials. These proposals would fundamentally shift control over shareholder proposals from federal regulation to state corporate law, while also modernizing various aspects of the proxy solicitation process to reduce compliance burdens and account for technological advancements.
United States Commercial
W
WilmerHale
Article
Five Contract Provisions Arizona Businesses Only Appreciate After Litigation Starts
Business owners often overlook critical contract provisions until disputes reach the courtroom, where the cost of litigating vague or missing terms far exceeds what proper drafting would have cost initially. This analysis examines five essential contract provisions that prove most valuable during litigation, from attorney's fee recovery to integration clauses, offering practical guidance on drafting these terms to minimize disputes and protect business interests under Arizona law.
United States Commercial
TS
Taft Stettinius & Hollister
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Article
When AI Reviews Your Legal Bills, What Else Is It Learning?
Corporate legal departments increasingly use third party platforms and managed billing services to review outside counsel invoices. In many cases, the client selects the system and directs its law firms to submit bills through it. Some of these services now use artificial intelligence, automated review, or a combination of technology and human reviewers to examine individual time entries and recommend billing reductions.
United States Commercial
BS
Butler Snow LLP
Article
AI In Workforce Decisions: Privilege Strategies And Policy Guardrails Every Employer Needs
A recent California lawsuit alleges that AI-based employee selection tools discriminated against workers on protected leave and those with disabilities during a reduction in force. The case highlights critical legal risks for employers deploying AI in high-stakes employment decisions, particularly around how AI systems handle productivity metrics for employees who are absent or working under accommodations.
United States Employment
BS
Ballard Spahr LLP
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Securities

Article
SEC Proposes Rescission Of Shareholder Proposal Rule And Other Proxy Modernization Amendments
The Securities and Exchange Commission has proposed sweeping changes to its proxy rules, including the complete rescission of Rule 14a-8, which has long enabled shareholders to include proposals in company proxy materials. These proposals would fundamentally shift control over shareholder proposals from federal regulation to state corporate law, while also modernizing various aspects of the proxy solicitation process to reduce compliance burdens and account for technological advancements.
United States Commercial
W
WilmerHale
Article
FDIC Proposes Rule To Establish Parity Between State And National Banks In Applying Host-State Laws
The FDIC has proposed a rule interpreting Section 24(j) of the Federal Deposit Insurance Act, enacted as part of The Riegle-Neal Interstate Branching and Banking Efficiency Act of 1994, to provide parity between out-of-State state and national banks insofar as preempting host state laws even when the out-of-state, state bank provides services in a host State without maintaining a physical branch.
United States Finance
BS
Ballard Spahr LLP
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Franchising

Article
Federal Court Dismisses Franchisee Complaint Against UNITS Franchising Group Based On Preemption And Inadequate Pleading
On July 9, 2026, the United States District Court for the Central District of California issued its decision in So Cal Storage, LLC et al. v. UNITS Franchising Group, Inc., 2026 WL 2045621 (C.D. Cal. July 9, 2026), granting a franchisor's motion to dismiss the franchisees’ claims arising from alleged misrepresentations, software failures, vendor restrictions, and misuse of advertising fund contributions.
United States Commercial
LB
Lewis Brisbois Bisgaard & Smith LLP
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Corporate Governance

Article
SEC Proposes Rescission Of Shareholder Proposal Rule And Other Proxy Modernization Amendments
The Securities and Exchange Commission has proposed sweeping changes to its proxy rules, including the complete rescission of Rule 14a-8, which has long enabled shareholders to include proposals in company proxy materials. These proposals would fundamentally shift control over shareholder proposals from federal regulation to state corporate law, while also modernizing various aspects of the proxy solicitation process to reduce compliance burdens and account for technological advancements.
United States Commercial
W
WilmerHale
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