Legal News

Eleven years after its portfolio company’s bankruptcy triggered a multiemployer pension plan’s demand that funds sponsored by private equity firm Sun Capital Advisors, Inc. (“Sun Capital”) pay the portfolio company’s $4.5 million ERISA withdrawal...By: Ropes & Gray LLP

In this Ropes & Gray podcast, litigation & enforcement partners Amy Roy and Dan Ward, and ERISA and benefits partner Josh Lichtenstein, discuss 401(k) litigation risk assessment and management. They review current trends in proprietary funds...By: Ropes & Gray LLP

On 23 October 2019, the UK Supreme Court decided that Professor Ian Shanks, a former employee of Unilever UK Central Resources Ltd (“UCRL”), a wholly owned subsidiary of Unilever plc, was entitled to compensation under section 40 of the Patents Act...By: Ropes & Gray LLP

The U.S. Department of Labor (the “DOL”) has just released, after much anticipation, final updates to the regulations that define which white-collar workers are exempt from the overtime provisions of the Fair Labor Standards Act (the “FLSA”)....By: Ropes & Gray LLP

Over the past several years, regulators and market participants increasingly have called for the expansion of investment opportunities for retail investors and retirees. These calls for expanded opportunities have cited market structure changes, the...By: Ropes & Gray LLP

On September 17, 2019, the U.S. Department of the Treasury published proposed regulations to implement provisions of the Foreign Investment Risk Review Modernization Act (“FIRRMA”), signed into law by President Donald Trump on August 13, 2018, that...By: Ropes & Gray LLP

FOLLOWING A STRONG YEAR, general consensus at the end of 2018 was that M&A activity in 2019 would slow down, if not come to a screeching halt. The headwinds certainly appeared to be against us, as going into the year and throughout the first half, we...By: Ropes & Gray LLP

The recent Delaware Court of Chancery decision to deny a motion to dismiss in Genuine Parts Company v. Essendant Inc.1 provides worthwhile reminders of the necessity of deal participants in acquisition transactions to strictly comply with a “no shop”...By: Ropes & Gray LLP

On 8 July 2019, the UK Information Commissioner (ICO) issued a statement in response to an announcement to the London Stock Exchange of its intention to issue British Airways (BA) with a monetary penalty of £183.39 million for breaches of the General...By: Ropes & Gray LLP

On June 10, 2019, the U.S. Supreme Court agreed to hear Intel Corp. Investment Policy Committee et al. v. Sulyma (No. 18-1116), and the outcome of this decision may have major ramifications for 401(k) investment menu design. The Court will resolve...By: Ropes & Gray LLP