As we stated last month, further restrictions are afoot on the use of Chinese technology in federal acquisitions. An Interim Rule issued by the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) (collectively, the “FAR Continue Reading
Guerrillas of the NIST: DOD Re-Attacks Supply Chain and Contractor Cybersecurity (Part 1)
While the Department of Defense’s (DOD) recent, and renewed, focus on cybersecurity may not constitute “war” per se, the agency appears to have little problem littering the regulatory battlefield with rumors of an impending “shock and awe” strike. Like the actions taken by Nathanael Greene or Continue Reading
Venture Capital & Emerging Growth Companies Activities—August 2019
We are pleased to share outstanding highlights this month about our firm, the venture capital landscape, and our clients and contacts who continuously enrich the entrepreneurial ecosystem. McCarter Highlight McCarter partner Mike Horn has received the 2019 NJBIZ Icon Award for his Continue Reading
New Amendments to the Delaware LLC Act Relating to Series LLCs
On August 1, 2019, amendments to certain sections of the Delaware LLC Act took effect, including those related to Series LLCs. While the Delaware LLC Act has long recognized the Series LLC, its use has been very limited, but that is changing. This summary will provide a general overview of Series Continue Reading
Observations on the EVA Performance Measure
Economic Value Added (EVA) is a measure of a business enterprise’s economic performance based on what is added to that enterprise’s value by its operating earnings (net of tax) reduced by the enterprise’s “capital costs.” The concept of EVA was introduced in the 1980s by the management consulting Continue Reading
Thousands of Virtual Currency Owners May Be Subject to Back Taxes, Penalties, and Interest
The IRS has begun sending “educational” letters to more than 10,000 taxpayers who have engaged in virtual currency transactions, but possibly failed to report and pay tax on those transactions. According to the IRS, these letters are intended to “help taxpayers fully understand and meet their Continue Reading
Expert Insight: A General Overview of Insurance Coverage for NRD Claims
McCarter attorneys Ira Gottlieb and Cynthia Betz co-authored the "Expert Insight: A General Overview of Insurance Coverage for NRD Claims" section of the book Natural Resource Damages: A Guide to Litigating and Resolving NRD Cases, which was published by the American Bar Association. Continue Reading
CERCLA Cost Recovery and Contribution and a Primer on Natural Resource Damages Law: Regulation, Litigation, and Basic Economic Principles
McCarter attorneys Ira Gottlieb and Cynthia Betz, together with economist Rick Dunford, PhD, co-authored the book chapter "CERCLA Cost Recovery and Contribution and a Primer on Natural Resource Damages Law: Regulation, Litigation, and Basic Economic Principles" in Environmental Litigation: Law and Continue Reading
SEC No-Action Letter Clears Ambiguity Surrounding the Existence of Utility Tokens
The SEC has issued its second-ever no-action letter to a token issuer. Pocketful of Quarters, Inc. (PoQ) sought the no-action letter in connection with the issuance of a cryptographically protected token (Quarters), which will be immediately usable across multiple gaming and e-sports platforms. Continue Reading