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As elsewhere, in Virginia there is growing public concern about the use of personal data online. In response to this concern, the state of Virginia passed a law enhancing data privacy rights for consumers. On March 2, 2021, Governor Northam signed into law the Virginia Consumer Data […]
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The antitrust landscape in the United States is set to get tougher on large tech companies. On February 4, 2021, Senator Amy Klobuchar of Minnesota introduced the Competition and Antitrust Law Enforcement Reform Act (CALERA). If passed, this legislation would transform the federal antitrust laws.
Google, Facebook, Amazon, […]
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NFTs, or nonfungible tokens, have been sweeping headlines as they cause disruption in the art world and beyond. In February 2021, an NFT of the Nyan Cat video meme sold for over $500,000. Afterward, a purchaser bought a LeBron James […]
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Accounting start-up Pilot has received a new round of funding from Amazon founder Jeff Bezos. Some other Silicon Valley investors also joined in the transaction.
Pilot is the largest provider of back office services for startups and small businesses in the U.S. The San Francisco-based company […]
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As a corporate lawyer, you come across a variety of clients. These clients may face similar legal problems, yet have widely varying communication styles and expectations. Any attorney who has been practicing law for a long enough time has encountered demanding clients.
Demanding clients are those that set […]
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On January 2, 2021, as part of an effort to combat money laundering, the Senate passed the Corporate Transparency Act into law. The Corporate Transparency Act mandates private companies to disclose their “beneficial owners” to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a branch […]
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Only seven months since its most recent funding announcement, Yotpo announced that it’s raised another $230 million in a Series F round that values the company at $1.4 billion (post-money).
Yotpo is a user-generated content marketing platform. The company’s enterprise technology and integrated solution allows marketers […]
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In the United States, there has been a surge in CEO turnover at large, publicly-traded companies. Most notably, Jeff Bezos announced at the beginning of 2021 that he would be stepping down as Amazon CEO. He did say […]
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Last month’s huge winter weather disaster emphasized the delicate availability and volatile cost of electricity in the Houston area and in all of Texas. Only a month after the crisis a Washington, D.C.-based company acquired Houston-based Real Simple Energy. The idea is to […]
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The biggest task of Tesla’s general counsel: reining in CEO Elon Musk social media posts.
A recently unsealed lawsuit alleges that Tesla’s board of directors failed to appoint a general counsel who could defend him or herself to the company’s controversial CEO.
The statement […]
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Thrive Capital, the venture capital firm owned by Joshua Kushner, has raised $2 billion for a pair of new funds. About $500 million will go toward early stage investments. An additional $1.5 billion is earmarked for investments in more mature companies. The firm has built on […]
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Corporate law departments are beginning to understand their position in the fight for data integrity and cyber security. The general counsel’s office at many companies must now be prepared to assist in addressing some of the risks, such as the loss […]
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Executive pay clawback policies enable companies to recover compensation from their current and former executives under certain circumstances. Clawback situations often arises in the context of significant accounting scandals. They can also occur when companies underperform or when executives cause reputational harm. Companies may require […]
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On a few short years, podcasts have evolved from a niche form of media. They have become a mainstream activity that occupies valuable time and the attention of consumers. A study from Edison Research found that approximately 80 million Americans now listen […]
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This might be hard to imagine. Apple CEO Tim Cook recently commented that his company has acquired nearly 100 companies over the last six years. That comes out to about one acquisition every three to four weeks, Cook explained in a meeting of shareholders.
Apple’s market capitalization […]
The Investment Company Act of 1940, sometimes referred to as the 1940 Act, regulates investment funds. The regulation sets forth the criteria for defining a company as an “investment company.” Companies that the Investment Company Act regulates face stringent restrictions. The Securities and Exchange Commission (SEC) is responsible for imposing […]
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Therabody, the tech wellness firm best known for its Theragun massage therapy device, has attracted over 100 celebrity investors. The company’s star-studded investor list includes professional athletes, entertainers, and entrepreneurs.
Dr. Jason Wersland designed the Theragun in 2008. he developed the the handheld percussive device […]
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L Catterton, a private equity firm backed by the luxury conglomerate LVMH, announced that it is acquiring Birkenstock. Once shunned by the fashion world, the iconic German sandal company will now be part of LVMH’s portfolio alongside brands such as Dior, Louis Vuitton, and Fendi. The […]
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Last week, Facebook became the latest company to settle up under the Illinois Biometric Information Privacy Act. This Illinois privacy law is designed to protect the state’s residents from invasive privacy practices. Facebook is to pay $650 million for its violations of […]
Regulation A+, sometimes called Reg A+, is frequently referred to as the “mini-IPO.” It is a scaled down version of a traditional IPO that subjects certain early-stage companies to less stringent requirements. The mini-IPO process is less costly, has less onerous ongoing reporting requirements, and involves a shorter timeline to […]
