Orrick Blog Sites

AntitrustWatch Blog

Now in force: Major amendments to the antitrust damages regime in the UK

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The Consumer Rights Act 2015 (“CRA”) comes into force today, 1 October 2015.1 It introduces major reforms to the antitrust damages actions regime in the UK.2 In particular, the CRA broadens the type of cases that can be heard by the UK’s Read More

Derivatives in Review

Prudential Regulators Approve Final Uncleared Margin Rules

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In October, the prudential regulators (i.e., the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, and the Federal Housing Finance Agency) approved a Read More

Distressed Download

Orrick Named Top Ten Bankruptcy Law Firm in Every 2015 Quarter

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Once again, Orrick has been ranked a Top Ten Bankruptcy Law Firm by The Deal Pipeline. These rankings are released on a quarterly basis, compiling comprehensive deal intelligence to identify the leading law, crisis management, investment, and non-investment firms and Read More

Employment Law and Litigation Blog

Financial Services and Technology Companies Beware: The U.S. Office of Federal Contract Compliance Has A Target on Your Back

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The President released his 2017 budget this week. Budgets are aspirational documents that Congress rarely implements in full. The current acrimony between Congress and the Administration ensures that the President’s 2017 budget will likely remain aspirational. However, Presidential budgets and Read More

Financial Industry Review

U.S. Commodity Futures Trading Commission and European Commission Announce Common Approach for Transatlantic CCPs

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On February 10, the U.S. Commodity Futures Trading Commission (the “CFTC”) and the European Commission announced a common approach relating to requirements for transatlantic central clearing parties (CCPs). The CFTC and the European Commission will work together to adopt (1) Read More

Policyholder Insider

Are You Covered Against the Business E-Mail Compromise Scam?

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Your company’s controller receives an email instruction from your CEO to wire funds to complete a time-sensitive and confidential deal–seems like a clear directive to execute, but it’s not. It’s an increasingly common scam known as the “Business E-mail Compromise” Read More

NorCal IP Blog

Monkey Business: A Primate Can’t Claim Copyright in Selfies

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Order Granting Motions to Dismiss, Naruto, et al. v. Slater, et al., Case No. 15-cv-04324-WHO (Judge William Orrick) “The show business has all phases and grades of dignity, from the exhibition of the monkey to the exposition of the highest Read More

Securities Litigation, Investigations and Enforcement

Chancery Court Continues to Close the Door on Disclosure-Only Settlements and Fees (But Opens a Window for “Mootness Dismissals”)

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As previously discussed here, in 2015, the Delaware Court of Chancery issued a number of decisions calling for enhanced scrutiny of “disclosure-only” M&A settlements that involve no monetary benefits to a shareholder class.  For example, the recent decision in In Read More

Orrick Total Access

When do you need a 409A Valuation?

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We understand that the last thing any start-up wants to worry about is the taxes and legal side of running a business. It’s easy to let tax considerations slide when you have so many other things to worry about, like Read More

Trade Secrets Watch

Virtual Learning: The Scope of Preemption Under the California Uniform Trade Secrets Act

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Companies seeking protection under the California Uniform Trade Secrets Act (“CUTSA”) should consider the effects of CUTSA preemption on their litigation strategy. Under the well-known Silvaco Data System v. Intel Corporation case and its progeny, CUTSA provides the exclusive civil Read More

Orrick Trust Anchor: Trends in Cybersecurity, Data Privacy, Compliance.

FinCEN to Financial Institutions: Include Cyber Data in Suspicious Activity Reports (SARs)

As new legislation aimed at facilitating greater cybersecurity information sharing between private industry and government takes effect (i.e., Cybersecurity Information Sharing Act), FinCEN Director Jennifer Shasky Calvery recently called for “financial institutions to include cyber-derived information (such as IP addresses Read More