An Overview of Political Advertising Policies for Google, Twitter, and Snapchat

Late last year, many social media and internet giants announced plans to overhaul their advertising policies for political content. Entities that actively sponsor election-related advertising should make themselves aware of these new changes. Although questions remain about some specifics, and there may be more changes to the policies in the near future, here is what […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

There’s No Elephant in This Mousehole: The Supreme Court Upholds State Court Jurisdiction Over Class Actions Brought Under the Securities Act of 1933

On March 20, 2018, the Supreme Court issued a unanimous decision in Cyan, Inc. v. Beaver County Employees Retirement Fund,[1] a case concerning the Securities Litigation Uniform Standards Act of 1998 (“SLUSA”), which imposes certain limitations on class actions under the Securities Act of 1933 and the Securities Exchange Act of 1934.  The Court resolved […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Is Your Business a Financial Institution?

Nothing more underscores the seriousness of governmental efforts to prevent money laundering than the parade of fines against and settlements by banks and other financial services companies than U.S. Bancorp’s recent agreement to pay $613 million to the U.S. Treasury Department’s Office of Comptroller of the Currency and the Federal Reserve for inadequate anti-money laundering […]

William H. ShawnCo-Managing Partner, ShawnCoulson

An Overview of Facebook’s Election-Related Disclosure Program for Advertisers

Last fall, Facebook announced a disclosure program for users of its platform specifically aimed at requiring disclosures for election-related advertising.  At the time, Facebook said that the program would be fully active by summer 2018, and Facebook has begun to roll out aspects of the program this month, including a training module and FAQ for […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

AML/KYC due diligence protocols for effective cross-border compliance

The seriousness of efforts to prevent money laundering has been emphasised by U.S. Bancorp’s $613 million settlement with the Treasury Department’s Office of the Comptroller of the Currency and the Federal Reserve, for inadequate AML controls. U.S. Bancorp failed to detect many suspicious transactions and later sought to conceal its mistakes from regulators. Banks and […]

William H. ShawnCo-Managing Partner, ShawnCoulson

New York Enhances Disclosure of Online Political Ads and Requires Online Platforms to Create Archives

On April 18, 2018, Governor Andrew Cuomo signed the New York Democracy Protection Act—which expands the disclosure obligations for online political advertising in the State of New York and requires television, satellite, cable, radio stations, and providers, as well as online platforms—to verify advertiser registration with the New York State Board of Elections and, in […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Is “Per Debtor” Better? Cases Analyzing Cramdown and Substantive Consolidation Reflect Ongoing Debate About Creditor Protections in Multi-Debtor Bankruptcies

By Kevin C. Maclay, Todd E. Phillips, and Caroline E. Parke Recent caselaw demonstrates that there is a current judicial disagreement over whether the Bankruptcy Code will permit a cramdown in a jointly-administered bankruptcy case when a consenting class exists for only one of the debtors.  This implicates the important issue of de facto substantive […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Jeffrey Liesemer Discusses Chapter 15 and Cross-Border Bankruptcies on Strafford Webinar

March 29, 2018, 1:00 PM – 2:30 PM EDT Panelist: Jeffrey A. Liesemer Program: Chapter 15 and Cross-Border Bankruptcies: Representing Foreign and U.S. Debtors and Creditors Event Sponsor: Strafford Publications     Description Cross-border insolvencies are increasingly commonplace in today’s global economy. Chapter 15 respects the differences in insolvency laws of each jurisdiction while giving […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Supreme Court Alert: The Court Provides Additional Guidance on the Appropriate Level of Review of Determinations of Mixed Questions of Law and Fact by the Bankruptcy Court

Todd E. Phillips, Kevin C. Maclay, and Jeanna R. Koski On March 5, 2018, the Supreme Court issued a unanimous decision in U.S. Bank National Ass’n ex rel. CWCapital Asset Management LLC v. Village at Lakeridge, LLC, holding that bankruptcy court determinations regarding whether transactions are at arms-length are predominantly factual in nature, and thus […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

IRS’s Offshore Voluntary Disclosure Program Ending: Impact on U.S.

IRS’s Offshore Voluntary Disclosure Program Ending: Impact on U.S. Taxpayers March 14, 2018 On March 13, 2018, the Internal Revenue Service (IRS) announced that it will end the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018.  The program, initially introduced in 2009, is designed to allow taxpayers with unreported offshore assets to voluntarily resolve […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered