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Adrienne A. Harris Rejoins Sullivan & Cromwell

Sullivan & Cromwell LLP announced today that Adrienne A. Harris, Superintendent of the New York State Department of Financial Services (“DFS”) from August 2021 through October 2025, has re-joined the ...
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United States Sanctions Significant Russian Oil Companies – Rosneft and Lukoil

OFAC designated Rosneft and Lukoil—along with certain specified subsidiaries—under E.O. 14024 for operating or having operated in the energy sector of the Russian Federation economy. Pursuant to ...
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Employer’s Failure to Require Confidentiality Agreements Leads to Dismissal of Trade Secret Claims

Sending an e-mail through this web site does not create an attorney-client relationship. You should not send us any information through this web site that you would want treated confidentially.
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FDIC and OCC Propose Rules to Prohibit Regulators’ Use of Reputation Risk

FDIC and OCC Issue NPR to Eliminate ‘Reputation Risk’ from Supervisory Programs ...
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FDIC and OCC Issue Proposal to Define ‘Unsafe or Unsound Practice’ and Constrain Issuance of Matters Requiring Attention

On October 7, 2025, the FDIC and the OCC jointly issued a proposal to define the term “unsafe or unsound practice” under section 8 of the FDIA (12 U.S.C. § 1818.
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Sixth Circuit Reverses Class Certification in Major Securities Fraud Case

Sixth Circuit Clarifies Critical Issues Regarding Reliance and Damages at Class Certification in Securities Fraud Case ...
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Implications of the Government Shutdown on SEC Registered Securities Transactions

Summary The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter. On ...
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BIS Establishes 50 Percent Rule for Certain Restricted End-Users

On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an immediately effective interim final rule (referred to as the “Affiliates Rule”) which amends ...
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President Trump Issues Executive Order on “Politicized or Unlawful Debanking”

President Trump signed an Executive Order titled “Guaranteeing Fair Banking for All Americans.” The Order states that “[i]t is the policy of the United States that no American should be denied access ...
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IRS Issues Interim Guidance on Corporate Alternative Minimum Tax

IRS Announces Intent to Partially Withdraw Previously Proposed Regulations and Provides Interim Guidance Including Revised Rules Governing Domestic Transactions, Troubled Companies and Acquiring ...
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August 4 Tax Policy Update: August Recess Precedes September Fight, IRS Issuing Guidance as Congress Considers Further Tax Legislation

IRS funding is one of many unresolved appropriations issues as a government shutdown looms on October 1 unless Congress can reach agreement on funding the government Treasury and IRS revisit guidance ...
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Sullivan & Cromwell Adds Leading Shareholder Activism Lawyers Lawrence Elbaum and Patrick Gadson

NEW YORK (APRIL 23, 2025) – Sullivan & Cromwell announced today that Lawrence Elbaum and Patrick Gadson, two preeminent shareholder activism lawyers, will join the firm April 29 as partners in its New ...