Article by: Josh Lawler, Gerold Libby, Carla Pareja Paris The Corporate Transparency Act, 31 U.S.C. §5336 (“CTA”), comes into effect January 1, 2024. The CTA mandates that entities, both existing and newly formed U.S. business entities, as well as foreign business entities registered in the U.S., must file reports of beneficial ownership with the Financial…
Article by: Counsel Jim Ickes Ohio has reached a pivotal moment in its history, joining 23 other states in legalizing recreational marijuana for adults over the age of 21. The passage of Issue 2 marks a significant shift in the state’s approach to cannabis, reflecting changing attitudes and paving the way for a new legal…
Article by: Law Clerk Radhi Shah The release of the film “Oppenheimer” in July 2023 has brought renewed attention to the renowned scientist J. Robert Oppenheimer’s life. While Oppenheimer is primarily remembered as the key figure behind the development of the atomic bomb, his early contributions to the field of quantum mechanics have had a…
Article by: Associate Michael A. Carlin Several major legal cannabis companies in California are facing allegations of violating state law by collaborating with and signing labor peace agreements with organizations claiming to be labor unions but who have failed to genuinely advocate for workers’ rights. According to California law, cannabis companies with over 20 employees…
Zuber Lawler, led by Chicago partner Brian Beck, obtained a victory for its client RJITSCT LLC dba Respect The Look, including sanctions and a fee award against a “Schedule A” plaintiff. Respect The Look sells memorabilia online including a variety of decorative flags. It was surprised to find its PayPal account frozen around December 2021…
Article by: Radhi Shah, Lizzie Fanckboner, and Tom Zuber Exciting developments are underway in the Golden State, as California inches closer to legalizing certain psychedelics for individuals aged 21 and older. The bill (SB 58) has successfully passed through the California Senate, awaiting the final signature of Governor Gavin Newsom to become law. If approved,…
Article by: Radhi Shah, Janet Jackim, and Tom Zuber Summary In a groundbreaking development on August 29, 2023, the United States Department of Health and Human Services (HHS) recently concluded that, based upon its research into medical responses to the use of marijuana, scientific research evidence, and medical evaluations, it should not be a Schedule…
Article by: Associate Michael A. Carlin In a post-adjournment session on June 20, 2023, the New York State Assembly took a significant step toward banning employers from requiring employees to enter into non-compete agreements. The bill, A1278B/S3100A, has passed the New York State Assembly and previously passed the Senate. It is now awaiting further possible…
Zuber Lawler is proud to announce that for the third year in a row it has been ranked #1 in Law360’s 2023 Diversity Snapshot, which measures diversity in the equity ranks of law firms across the country, sharing the honor with three other law firms. Zuber Lawler also ranked in the top 10 out of all law…
Yesterday we received a decision on the cross motions for summary judgment in SEC v. Ripple. Full text of decision: https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0_2.pdf Judge Torres stated categorically that a token is not automatically an investment contract. The sale of tokens can be a security in certain circumstances, but two problem areas appear to have tipped strongly in…