Many wealthy families in the US and worldwide utilize family offices to manage their assets and various other needs. Last year, the number of family offices surpassed 4,500, collectively managing an estimated $6 trillion in assets. North America holds the largest...
Articles
The Quilt Is Filling Up: Patchwork State Privacy Laws Continue to Pass Without Federal Action
In an era defined by rapid digital transformation and heightened concerns over personal data security, the landscape of consumer data privacy laws in the United States has evolved significantly. As of this writing, a patchwork of eighteen (18) similar, but unique,...
Federal Government Seeks to Hold Amazon Accountable for Dangerous Products
As Amazon maintains its chokehold on ecommerce sales, the United States Consumer Product Safety Commission (CPSC) is attempting to reclassify Amazon as a distributor of goods. If successful, this would expose Amazon to liability for third-party products sold on the...
A Rise in ‘Nuclear’ Jury Verdicts: Up 300% Despite Tort Reform
Judges and juries are doing what they can to punish bad actors across industries, in spite of legislative efforts to limit the same. Ohio’s Efforts to Limit Nuclear Verdicts In 2005, the Ohio General Assembly enacted tort reform by codifying R.C. 2315.18 (B)(2). That...
Understanding Defamation vs. Free Speech: A Guide for Dealing with Online Defamation
The distinction between defamation and free speech often confuses those dealing with online issues. While free speech is a protected right under the First Amendment of the U.S. Constitution, it does not shield individuals publishing harmful false statements that...
The Supreme Court Overturns Chevron, Bringing Clarity to Whether the District Courts or Federal Agencies Interpret Ambiguous Federal Statutory Provisions
The Supreme Court recently reversed a long-standing doctrine established by the 1984 decision, Chevron v. Natural Resources Defense Council. The Court returned the duty of interpreting ambiguous statutory provisions involving federal agency rulings to the district...
Lessons Learned from Cleveland City Hall Cyber Attack
Last month, Cleveland City Hall shut down due to what it initially described as a “cyber incident,” which was later explained as a ransomware attack. Many of the functions provided by City Hall stopped or significantly slowed, leaving residents and employees...
IRS Extends Pause on RMD Penalties for Inherited IRAs
Retirement Planning and IRAs Hard-working Americans spend a lifetime trying to obtain financial stability and to then provide a financial legacy for their families. Often, the strategy to achieve such goals involves the funding of individual retirement accounts...
EEOC’s Pregnant Workers Fairness Act Faces Legal Challenges: Key Takeaways for Employers
Within the last two weeks, courts across the country reached opposite conclusions about the U.S. Equal Employment Opportunity Commission’s authority to implement legislation that requires employers to provide accommodations for employees who seek “purely elective...
Transformational Mixed-Use Development Credit: Preliminary Insights for the FY 2025 Cycle
As the Ohio Statehouse works to complete its work on biennial appropriations for public infrastructure projects and one-time strategic community investments, the Ohio Department of Development (ODOD) is in the process of promulgating updated guidelines for several key...