How the IRS Can—and Cannot—Revoke Federal Tax-Exempt Status
With a few exceptions, procedures for revoking nonprofits’ federal tax exemption require case-by-case IRS audits, with multiple routes of appeal.
May 2025
Articles
California Appeals District Court’s Decision Limiting Application of State’s Ban on Reverse Payment Settlements
The state appealed an order limiting extraterritorial reach of its ban on “reverse payment” settlements between generic and brand pharmaceutical companies.
A Crack in Delaware’s Contractarianism: The Survival Clause, Claims Notices, and the Law’s Abhorrence of Forfeitures
A remarkable holding in a claims notice terms dispute exposes a possible crack in Delaware’s contractarianism, but contractarianism also offers a solution.
Global Businesses Should Brace Themselves for India’s New Personal Data Protection Law
India’s Digital Personal Data Protection Act, soon to come into force, marks a pivotal shift for companies processing personal data of individuals in India.
Respecting the Judiciary: Let’s Be Positive and Take Action
To uphold the rule of law, it’s important to understand and respect the role of the federal judiciary in our government and stay engaged as citizens.
10 Tips for Handling Conflicts of Interest: The Year in Governance
To maintain the integrity and effectiveness of a board of directors, robust policies and practices to identify and manage conflicts of interest are crucial.
Navigating Partner Transitions in Professional Service Firms
With careful preparation, including choosing an appropriate buyout approach, firms can avoid disruption from partner departures and retirements.
Month-in-Brief
May 2025 in Brief: Business Regulation & Regulated Industries
Month-in-Brief update: Sixth Circuit Clarifies CERCLA (Superfund) Statute of Limitations; Montana Amends Consumer Data Privacy Act; and more.
May 2025 in Brief: Corporations, LLCs & Partnerships
Month-in-Brief update: How to Have “The Talk” About FinCEN Identifier Numbers—an update on the Corporate Transparency Act saga.
May 2025 in Brief: Internet Law & Cybersecurity
Month-in-Brief update: California Court of Appeal Decision Provides Reminder of Risk Allocation in Fraudulent Funds Transfers to Cybercriminals.
May 2025 in Brief: Legal Opinions & Ethics
Month-in-Brief update: Georgia Tort Reform Legislation Regulates Third-Party Litigation Financing, Adding Significant New Requirements.
May 2025 in Brief: Mergers & Acquisitions
Month-in-Brief update: Delaware Court of Chancery Dismisses Entire Fairness Case at Pleading Stage; Arm’s-Length Leverage Is Not Actual Control.
May 2025 in Brief: Securities Law
Month-in-Brief update: House Passes Legislation to Transfer PCAOB Functions to SEC; SEC Staff Issues FAQs on Crypto Asset Activities; and more.
May 2025 in Brief: Business Litigation & Dispute Resolution
Month-in-Brief update: Court Denies Motion to Claw Back Discovery Pursuant to Rule 502(b), Finding Production Was Not Inadvertent, and more.