Faegre Drinker

Presidential elections are often significant drivers of the agendas of state attorneys general, and the most recent one is no exception. In their article for Thomson Reuters, Avi Schick and Joshua Turner unpack how state AGs are shifting gears ahead of President-elect Donald Trump’s incoming administration.

The UK government released its Statement of Changes in Immigration Rules. Updates relevant to some of our clients include the introduction of visa requirements for nationals of Colombia and changes to Ukraine settlement schemes. You can learn more about the changes in this alert by Claire D. Nilson, Abilio Jaribu and James S.

Writing for The Legal Intelligencer, Andrew Kassner and Joseph Argentina authored an article analyzing a decision by a Massachusetts bankruptcy court. According to the court, a lender has the right to request changes to a mortgage under a Chapter 11 bankruptcy plan — even if the person filing for bankruptcy isn't the one who owes the mortgage. However, the court limited the ability to “cram down” the plan terms against the lender to the extent it modified the lender’s rights against the nondebtor obligor.

Internal Revenue Code Section 83(b) elections can now be made on a standard IRS Form 15620. Previously, 83(b) elections were made on self-drafted forms. Individuals making an 83(b) election can still submit a self-drafted form if desired. You can learn more in this post for our “Spotlight on Benefits” blog by Erik Vogt and Mark Rosenfeld.

Curious about giving back through pro bono but not sure where to start? Check out this insightful article by Molly Madden and Cassidy Segura Clouse! Published by Indiana Lawyer, the piece highlights how Hoosier attorneys can discover pro bono opportunities that align with their location and desired commitment level. They shine a spotlight on Pro Bono Indiana, Inc., a statewide nonprofit that connects legal professionals with meaningful pro bono work and offers training and mentoring to attorneys of all experience levels. Whether you're in Marion County or beyond, there are countless opportunities to make a difference!

As we celebrate this season of gratitude, we want to thank our incredible clients, colleagues, and friends of the firm all around the globe. Your trust and teamwork help make us who we are, and we’re beyond grateful for each and every one of you. Happy Thanksgiving!

The United States Citizenship and Immigration Services has officially designated Lebanon for Temporary Protected Status for the next 18 months. Sixteen other countries, including Ukraine, are currently under active TPS designation as well. This alert by Helena Wasey Abebe and Kirat (Sandhu) Goraya explains the parameters of the designation in more detail.

President-elect Donald Trump announced that he intends to implement 25% tariffs on all imports from Mexico and Canada and a 10% tariff on all goods from China on day one of his new administration. He cited issues like illegal immigration and drug trafficking — in particular, Fentanyl — for justification. These measures are expected to increase costs for U.S. businesses and consumers while risking retaliation from trade partners and disrupting the United States-Mexico-Canada Agreement. We dive into further details in this alert ⬇️

In a decision with far-reaching impact, a Texas federal court struck down the Department of Labor’s 2024 rule raising the overtime exemption salary threshold. Now, the 2019 salary thresholds for EAP employees are in effect again. Employers no longer need to plan for the additional automatic salary threshold increase that was scheduled for January 1, 2025. They also are no longer required to adhere to the previous increase that went into effect on July 1, 2024. You can learn more about the decision and its significance in this alert by Dan Prokott, Lance Lange, Joelle Groshek, Kristin Halsing and Molly Nelson-Regan.

Developments in ERISA litigation have been at the forefront of employee benefits discussions throughout 2024. As we approach the new year, join us on December 5, 2024, as we unpack the most significant issues and trends over the past year. Attendees will hear from Faegre Drinker’s Stephanie Gutwein, Emily Kile-Maxwell, Eli Burriss, Phil Gutwein, W. Glenn Merten and Rick Pearl. Topics covered will include: • developments in 401(k) litigation • updates on litigation involving health and welfare plans • multiemployer plan litigation developments • litigation over agency regulations, including the ESG rules Register today and secure your spot for this event!