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February 19, 2013
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Legal News in Brief

  Corporate Spotlight 
  • SEC's Walter rejects "caretaker" tag
    Securities and Exchange Commission chief Elisse Walter says she has no interest in acting like an interim leader. "I made it clear to everyone that I wasn't interested in being a caretaker," she said. Her agenda includes finalizing regulations mandated by the Dodd-Frank Act. The Washington Post (2/18) LinkedInFacebookTwitterEmail this Story
  National News 
  Legislative Dispatch 
  • FSOC needs transparency, analysts say
    Industry analysts are criticizing the Financial Stability Oversight Council, created by the Dodd-Frank Act, as being too secretive. They say the panel is holding too many closed-door meetings and is not adequately publicizing its actions. The Washington Times (2/17) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • States, feds take various approaches to health insurance exchanges
    States are grappling with the challenge of making their health insurance exchanges functional by the Oct. 1 enrollment date, experts say. Washington, D.C., and 23 states have committed to running their own exchanges, while almost all other states have chosen to largely default to federal oversight. The form and number of state exchanges may change over time, according to some experts. "Many of the states have just run out of time for a variety of reasons. I'd be surprised if in the longer run every state didn't want to have its own approach," said Christine Ferguson of the Rhode Island Health Benefits Exchange. The Washington Times/The Associated Press (2/16) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Seed patents are at issue in Supreme Court case
    A farmer from Indiana is squaring off with Monsanto, the world's biggest seed company, in a Supreme Court case that could have repercussions for patent law. The case stems from Monsanto's requirement that farmers agree to buy new genetically engineered seeds every growing season rather than saving them. Supporters of the farmer say that loosening patent protection could help moderate seed costs, while Monsanto argues that a ruling for the farmer could have a serious impact on the biotechnology industry. The New York Times (tiered subscription model) (2/15) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Is someone else telling your story?
    If you don't advocate your goals and desires, someone else may define your "career narrative," and you'll wind up in jobs you don't like, write Heidi K. Gardner and Adam Zalisk. "By disseminating your story, you can give people a far more accurate view of who you are, which can avert potentially crippling coordination challenges, interpersonal friction, and misunderstandings down the road," they write. Bloomberg (2/15) LinkedInFacebookTwitterEmail this Story
  • 19 questions to never ask in an interview
    "Can my husband finish this test for me?" and "Do you allow midday naps?" are among the worst questions asked by job candidates during interviews, reports a survey of hiring managers by OfficeTeam. Some others include "Is the boss single?" and "Can I have my birthday off?" CNNMoney/Fortune (2/15) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • A Significant Destination for Global Investment
    Over the past decade, the Russian economy has demonstrated growth at rates exceeding most developed countries, doubling disposable incomes and enabling the emergence of a middle class that increasingly has become a very attractive market for many foreign companies. The Feb. 26 audio briefing Doing Business in Russia will provide an introduction to some of the legal risks faced by those doing business in Russia and the key steps companies can take to better manage them. LinkedInFacebookTwitterEmail this Story
  • Final Compensation Committee Rules Are Here at Last
    The NYSE and Nasdaq listing standards regarding compensation committees and compensation advisers have been approved by the Securities and Exchange Commission, and there are actions that companies must take by this summer. If you're not up to date on the final standards as approved by the SEC, check out PLI's Securities Law Practice Center, where experts from Sullivan & Cromwell fill in the details. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Everything that lives, lives not alone, nor for itself."
--William Blake,
British poet and painter


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