Considering conflicting rulings, businesses remain understandably confused about whether to file their mandated Beneficial Ownership Reports with FinCen. As of this writing, the answer remains that businesses may file but are not (yet) required to do so.
COVID-19
FDA Issues Draft Guidance for Expedited Program for Serious Conditions – Accelerated Approval of Drugs and Biologics
On December 5, 2024, the FDA’s Center for Drug Evaluation and Research (CDER), along with the Center for Biologics Evaluation and Research (CBER) and the Oncology Center of Excellence (OCE) issued draft guidance concerning expedited programs for serious conditions.
9th Circuit Finds That Stromal Vascular Fraction (SVF) Procedures Constitute Treatments As Drugs
In United States v. California Stem Cell Treatment Center, Inc. , the FDA brought a lawsuit against doctors who create and administer a stem cell mixture called stromal vascular fraction (SVF), alleging violations of the Food, Drug, and Cosmetic Act (FDCA).
Iconic Photograph Lands Hall Of Famer Barry Sanders In Court
Professional sports photographer, Allen Kee (“Kee”), is suing hall of famer Barry Sanders (“Sanders”) for his alleged wrongful use of an iconic photograph—of himself—that was captured by Kee during a 1995 Detroit Lions game.
Federal Court Enjoins Corporate Transparency Act Reporting Requirements
In Texas Top Cop Shop Inc. et al. v. Garland et al., case number 4:24-cv-00478, a federal court sitting in the Eastern District of Texas, has enjoined the Corporate Transparency Act (“CTA”) beneficial ownership reporting requirements for now at least.
Playing Dirty: Samsung Wards Off Techiya’s Patent Infringement Claims With Successful Assertion of Unclean Hands
On November 5, 2021, Stanton Techiya, LLC filed suit against Samsung Electronics America, Inc. for patent infringement seeking approximately $500 Million Dollars in damages.
The New CFPB Small Business Lending Rule Moves Forward
The new small business finance rule passed by the CFPB requires “Covered” financial institutions to collect and report data on applications for credit for small businesses.
From Icon to Infamy
P. Diddy faces multiple federal charges, including sex trafficking and racketeering, threatening his vast business empire.
Kalshi’s Legal Battle With CFTC Over Political Betting Markets
KalshiEX LLC v. Commodity Futures Trading Commission revolves around KalshiEX’s attempt to offer political event contracts on its exchange.
Big Tech Antitrust Scrutiny
Google faces intensified antitrust scrutiny over monopolistic practices in search engine dominance and digital advertising.