The Bottom Line Owners of high-value New York City second homes may face a substantial new annual tax burden. New York's newly enacted "pied-à-terre tax" (the tax), effective July 1, 2026, imposes an annual surcharge on certain non-primary residences in New York City, including Continue Reading
EU AI Act Guidance Expands AI Disclosure Rules for Advertisers and PR Teams
The Bottom Line On August 2, 2026, the EU AI Act’s transparency obligations under Article 50(4) take effect, requiring deployers of AI systems that generate or manipulate “deep fake” content to disclose its artificial nature. In anticipation of this deadline, the European Commission published Continue Reading
Vermont and New Jersey Data Broker Laws Add to Expanding State Privacy Patchwork
Update On Friday July 10, the New Jersey Attorney General’s Division of Consumer Affairs responded to concerns from businesses about the obligation to immediately register and pay the applicable fees by delaying the registration obligation until 2027. The Bottom Line The regulatory Continue Reading
FTC Settles with Travel App Hopper for $35 Million over Hidden Fees
The Bottom Line On July 2, 2026, the Federal Trade Commission (FTC) announced a $35 million settlement with travel booking app Hopper Inc. over allegedly deceptive hidden fees. Although Hopper billed itself as “the travel app with no hidden fees,” the FTC alleged that the popular travel Continue Reading
New State Privacy Laws: Alabama, Louisiana, Oklahoma, and Vermont Join the Party
The Bottom Line The state privacy law landscape continues to expand at a rapid pace. So far in 2026, Alabama, Louisiana, Oklahoma, and Vermont each enacted new legislation addressing the collection, use, and protection of personal data. These laws follow the increasingly common model of Continue Reading
FTC Continues Crackdown on Subscription Businesses
The Bottom Line On June 2, 2026, the Federal Trade Commission (FTC) filed a complaint against Genesis Tech-related entities and eight individuals, alleging violations of Section 5 of the FTC Act and the Restore Online Shoppers’ Confidence Act (ROSCA). At the FTC’s request, a federal court Continue Reading
401(k) and Pension Plan Obligations in Bankruptcy: Key Considerations for Bankruptcy Trustees
The Bottom Line Tax-qualified retirement plans, including 401(k) and defined benefit pension plans, are governed by a complex framework involving regulations promulgated by the Internal Revenue Service (IRS) and Department of Labor (DOL). The Internal Revenue Code (IRC), enforced by the Continue Reading
Connecticut Expands Employer Requirements Across Pay Transparency, Accommodations, Overtime Pay Guides, and More
The Bottom Line Connecticut has passed a new law impacting numerous employer compliance obligations. Effective October 1, 2026 the Act Concerning Workforce Development and Working Conditions in the State (House Bill 5003) introduces expanded requirements related to pay transparency, Continue Reading
Connecticut’s Newly Enacted Data Broker Law: How It Stacks Up Against California’s Delete Act
The Bottom Line Overview of the Connecticut Law On May 27, 2026, Connecticut’s Governor signed into law Public Act No. 26-64, “An Act Concerning Consumer Privacy and Protection,” (the Act) a sweeping consumer privacy bill that requires data broker registration, creates new consumer rights Continue Reading
Department of Labor Proposes Fiduciary Safe Harbor for Selection of 401(k) Investment Options
The Bottom Line What happens when a plan committee is challenged over an investment decision that did not perform as expected? Under a new proposal from the U.S. Department of Labor (DOL), the answer may depend less on outcomes and more on process. On March 31, 2026, the DOL issued Continue Reading