Perkins Coie

FinCEN’s Highly Anticipated Beneficial Ownership Reporting Rule Under CTA Effective January 1, 2024

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its highly anticipated final rule implementing the beneficial ownership information (BOI) reporting requirements of the Corporate Transparency Act (CTA) legislation on September 29, 2022.

Are We All “Manual Workers” Under New York Law?

In the retail environment, customer service is paramount. Workers spend their time answering questions, stocking shelves, organizing displays, sourcing and sizing, and, yes, even gift-wrapping sometimes

Antitrust Suit Against Elite Universities Graduates to Discovery

As schools across the country welcome students back for the 2022-23 academic year, several prestigious universities are grappling with a civil antitrust suit that could have major ramifications for how they allocate and award financial aid.

2022 Summer Sustainability Series: A Look Back

Summer 2022 was marked by continued supply chain disruptions; inflation; and acceleration of ESG investing and reporting.

Recent Large Government Settlements Reflect Unique Risks to Employers for Antitrust Violations

Employers who share information with competitor employers about employee compensation, including wages and benefits, face greater risks of government investigations into violations of antitrust laws.

Federal Reserve Issues Final Guidelines for Master Account Access

The Board of Governors of the Federal Reserve System (the Board), on August 15, 2022, issued final guidelines for regional Federal Reserve Banks to use when considering applications for Federal Reserve “master accounts”—deposit accounts that, among other things, enable direct access to the Federal Reserve’s payment systems, including Fedwire and the forthcoming real-time payments network, FedNow.

Seattle’s New Independent Contractor Protections

Seattle’s new Independent Contractor Protections Ordinance (the Ordinance) took effect on September 1, 2022. The law requires certain employers to provide independent contractors with disclosures both before entering a contract and at the time of payment.

DOJ Announces Sweeping Policy Updates Targeting Corporate Criminal Enforcement and Individual Accountability

Deputy Attorney General (DAG) Lisa Monaco announced several significant policy updates affecting the U.S. Department of Justice’s (DOJ) enforcement practices for both corporations and individuals on September 15, 2022.

Golf Antitrust Suit Revamped With New Theories and New Plaintiff

In a rapid shake-up of the antitrust lawsuit filed against the PGA Tour Inc. (PGA Tour), professional golfers Carlos Ortiz, Abraham Ancer, Pat Perez, and Jason Kokrak have withdrawn from the case.

New England Requests Information on Electric Grid Upgrades To Integrate Offshore Wind

Five New England states issued a Request for Information (RFI) on September 1, seeking comment from interested stakeholders by October 14, 2022, on changes and upgrades to the regional electric transmission system to integrate renewable energy resources, particularly offshore wind. Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island are seeking information through the RFI that will help them improve the grid’s reliability, resilience, and affordability for the regions’ electricity customers.

The SEC Speaks in 2022: Five Key Takeaways

At the Practicing Law Institute’s annual SEC Speaks conference, U.S. Securities and Exchange Commission (SEC) leadership highlighted the agency’s current enforcement priorities and previewed its agenda for the year to come.