December 2015

Business News Digest - December 2015

5 min

Venable Launches Fund Forum

Venable is pleased to introduce its new Fund Forum. The Venable Fund Forum will provide valuable information to participants throughout the fund industry. The Forum will focus on registered and private funds, covering a broad range such as mutual funds, investment companies, hedge funds, private equity and venture capital, and related market, regulatory, and compliance developments.

Click here to read the inaugural November 2015 issue.

SEC Adopts Final Rules for Securities-Based Crowdfunding

On October 30, 2015, the Securities and Exchange Commission (SEC) adopted long-awaited final rules that will allow for the offer and sale of securities through online crowdfunding (known as "Regulation Crowdfunding"). The adoption of crowdfunding rules completes the last major rulemaking mandate for the SEC under the JOBS Act.

Click here to learn about some of the key provisions of Regulation Crowdfunding.

Thumbs Down: NLRA's Expansion in the Workplace Continues with Second Circuit Affirmance of Facebook "Like" Case

The United States Court of Appeals for the Second Circuit recently affirmed the National Labor Relation Board's (NLRB) decision in Three D, LLC d/b/a Triple Play Sports Bar and Grille v. NLRB, which held that Facebook "likes" and comments constituted protected activity under the National Labor Relations Act (NLRA). The Triple Play case is yet another example of the current NLRB's aggressive expansion into the nontraditional labor world. The NLRA is not just about unions anymore.

Click here to learn how this ruling could affect your company.

Don't Risk It! Merchant Billing and Compliance with the Risk-Based Pricing Rule

A recent Federal Trade Commission (FTC) enforcement action highlights the need for merchants that provide credit to consumers to review their policies and procedures for compliance with the Risk-Based Pricing Rule under the Fair Credit Reporting Act (FCRA). This Rule requires a creditor—defined to include a merchant that bills on a deferred basis—to provide consumers with a risk-based pricing notice if the creditor offers the consumer credit on less favorable terms based on information from the consumer's credit report or score.

Click here to learn why the rule is important and what merchants can do to minimize risk.



Awards and Announcements:

Don Andrews, Former Chief Compliance Officer for Bessemer Trust, Joins Venable as Partner in New York Corporate Group

Venable has made a prominent addition to its Corporate Compliance Group with the arrival of Don Andrews, a leading compliance and risk management attorney with senior experience in both regulatory enforcement and the corporate suite at some of the country's leading financial and wealth management firms. He joins the firm as a partner in the New York office.

Venable Ranks in Top 20 in US by Deal Count in Latest Bloomberg League Tables

Recently released Bloomberg League Tables rank Venable LLP 11th by deal count. The firm has closed several significant deals in the first 9 months of 2015 by utilizing its cross-office and cross-practice capabilities and the deep bench of its over 80-attorney corporate group.

Law360 Names Ten Venable Practices among the Largest in the Country

On November 16 and 18, 2015, Law360 released rankings of the 100 largest U.S.-based law firms with the most partners in various practice areas. Venable was ranked among the largest firms in ten practice areas including mergers and acquisitions, real estate, and securities and white-collar. Rankings were based on partner head count data provided by 283 U.S.-based law firms and accurate as of August 31.

The Best Lawyers in America© 2016 Names Eight Venable Attorneys "Lawyer of the Year"

A record eight attorneys were named "Lawyer of the Year" in Baltimore and Washington, DC. Only a single attorney in each practice area and designated metropolitan area is honored as a "Lawyer of the Year." Attorneys are selected based on particularly impressive voting averages received during the peer-review assessments. This honor reflects the high level of respect an attorney has earned among his or her peers in the same communities and the same practice areas, for their abilities, professionalism, and integrity. Among the honorees are Charles J. Morton, Jr. (Technology Law in Baltimore) and Thomas D. Washburne, Jr. (Mergers and Acquisitions Law in Baltimore).

Venable Ranked in Over a Hundred Categories in 2016 Edition of U.S. News – Best Lawyers® "Best Law Firms"

In another record-setting year, the 2016 edition of U.S. News – Best Lawyers® "Best Law Firms" ranked Venable as a National Tier 1 firm in a record 19 practice areas including Corporate Law, Mergers & Acquisitions Law, and Technology Law. Overall, Venable was ranked in 104 individual categories at the national and metropolitan levels. The U.S. News – Best Lawyers® "Best Law Firms" rankings are based on a rigorous evaluation process, including the collection of client and attorney evaluations, peer review by leading attorneys in their field, and review of additional information provided by law firms as part of the formal submission process.



Upcoming Events:

A Breach Can Happen to You (or Already Has, and You Just Don't Know It Yet): How Nonprofits Can Best Manage Cybersecurity Risk

Thursday, December 10, 2015 | 12:00 - 2:00 p.m. ET

This informative and timely program will be led by two Venable lawyers who understand the security and legal decisions that any nonprofit holding sensitive data will have to make. Our panelists will include the former general counsel of Network Solutions and the former lead advisor for cybersecurity issues to the Illinois Attorney General's office and the U.S. Senate Committee on Commerce.

Click here for more information and to register.

Save the Date: Private Equity Webinar - Emerging Deal Structures for Private Equity Companies

Thursday, February 4, 2016

Details coming soon!



Additional Articles:

Changing Up the Supply Chain: DOD Proposes to Amend Counterfeit Electronic Parts Rule; Finalizes National Security System Supply Chain Rule

Complying with PCI DSS Version 3.1 (2015 Update)

FMC Issues Final Rule Amending OTI Regulations

"It's only natural" - FDA requests comments on use of the word "natural" on food labeling

Just in Time for the Holiday Rush: Is Your Product Competing With Counterfeit Imports? Customs' New Rules Now Provide Additional Data to Thwart Counterfeit Imports