Houston businesses last year accounted for seven, or about one-fourth of the 26 cases brought by the Justice Department under the Foreign Corrupt Practices Act. Over the past decade, Houston federal court has become one of the busiest in the nation for cases involving foreign bribery cases in large part because of the concentration of energy companies that do business around the world. The Houston Chronicle has an in-depth report.
After years of blueprints, frameworks and speeches, the U.S. House Ways and Means Committee recently released the Tax Cuts and Jobs Act, a bill that attempts – for the first time in 30 years – a complete overhaul of the Internal Revenue Code. The bill, which undergoes markup this week, proposes major changes to individual, corporate, pass-through and international tax provisions. This article provides the detailed specifics every Texas GC and CEO needs to know about the new tax bill.
Federal prosecutors in Dallas have dismissed the criminal case against John Rayne Rivello, a former U.S. Marine who allegedly sent a seizure-inducing Twitter message to a Newsweek journalist who published negative articles about then President-elect Donald Trump. Defense attorney David Gerger told The Texas Lawbook in an exclusive interview that the federal charges simply did not meet the facts alleged.
U.S. District Judge Jane Boyle swore in Erin Neely Cox on Friday as new United States Attorney for North Texas. Cox, in an exclusive interview with The Texas Lawbook, said she “had a good first day.”
“I told the staff Friday that I plan to go slow as fast as I can,” she said. “My plan is to spend the next 60 to 90 days meeting with our team, leaders of local federal law enforcement and federal judges” to help understand their needs and help “determine priorities.” The Texas Lawbook has full details.
Nonqualified deferred compensation arrangements have become an integral component of executive compensation packages. They are a means by which employers attract and retain key employee talent.
Tax reforms pending in Congress, if enacted as proposed, will significantly limit the advantages and usefulness of such agreements and impact the design and taxation of executive compensation going forward. Now, conflicting amendments have been introduced. This article examines the issue in-depth.
The digital health market is expected to exceed $200 billion by 2020. Many companies and startups looking for a share of this market are headquartered right here in Texas. This article from lawyers at Jones Day looks at the legal and regulatory issues facing these emerging technologies.
The SEC has charged a former Apache Corp. petroleum engineer with insider trading. The SEC says
Christopher Lollar has settled allegations that he “traded on nonpublic information” by paying $435,809.50 in penalties and disgorgement.
Companies in Texas and beyond are increasingly adopting AI to drive innovation and production. The value of the AI market could top a staggering $46 billion by 2020, according to one estimate. This article from lawyers at Jones Day explains what corporate legal and compliance teams should know about the risks and opportunities associated with AI.
Texas Gov. Greg Abbott appointed former judge and Jackson Walker partner Kent Sullivan to be the state’s Insurance Commissioner. Sullivan served as a justice on the Texas Court of Appeals from 2008 to 2010 and was First Assistant Attorney General under then-Attorney General Abbott.
The SEC has suspended the trading of securities of Addison-based Grupo Resilient International in an apparent concern over the accuracy of some of the company’s press releases. The federal agency states that it has “questions regarding the adequacy and accuracy of statements” Grupo officials made in a Sept. 7 press release regarding the company’s efforts to help disaster recovery efforts in South Texas related to Hurricane Harvey.