Most responsible corporate boards took measures to address codes of conduct issues and sexual harassment in the wake of the "MeToo" movement. However, a flurry of recent stories involving misbehaving CEOs suggests otherwise. In this Forbes article, Michael Peregrine says these scandals should be a wake-up message to corporate boards. Access the article.
The Biden administration recently announced a list of Medicare-covered drugs that will be subject to price negotiations. The administration said the negotiations—a reality thanks to the Inflation Reduction Act—will benefit nearly nine million seniors. However, according to this Insider article, some drug-policy analysts seem unconvinced by the administration's claims. Access the article.
New York's Adult Survivors Act and Child Victims Act allow survivors of alleged sexual abuse to bring civil claims against their offenders and public and private institutions for a limited time. In this New York Law Journal article, Lisa A. Linsky, Greer Griffith, Elizabeth Rodd, Max J. Kellogg, Kelly Shami and Jacqueline Winters examine and clarify the confusing patchwork of statutes of limitations now in play under these new sexual abuse laws. Access the article.
Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax withholding elections beginning January 1, 2023. As we near the end of 2022, plan sponsors should ensure that their retirement plan systems and vendors are on track to implement the new federal tax withholding election forms no later than January 1, 2023. As background, in 2017, changes made by the Tax Cuts and Jobs Act (TCJA) required the Internal Revenue Service (IRS) to revise the withholding tables and develop new forms to use to withhold taxes from periodic payments. These forms are used by qualified and non-qualified retirement plans for participants to request withholding on benefit payments that commence in 2023 or later. In 2021, the IRS revised the Form W-4P into the two forms noted above: revised Form W-4P, which is now used only to request withholding...
The US Supreme Court will hear a whistleblower's False Claims Act suit that the US Department of Justice (DOJ) had previously moved to throw out. In this Law360 article, McDermott Partner Tony Maida offers perspective about the DOJ's 2018 Granston memo. "It does not make sense for the government to need to justify its decision to dismiss a case brought on its behalf," Maida said. "Reducing the ability of DOJ to dismiss cases would erase some of those positive results of the Granston memo." Access the article.
The COVID-19 pandemic has dramatically changed how governments confront issues as varied as global taxation, emigration and real estate. In this article published in Law.com, McDermott partner Nicholas Holland contributes his insight into these trends (and others) that are sweeping across Hong Kong, the United States, the United Kingdom and the Cayman Islands. Access the article.
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