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Do you want a simple way to keep current on important privacy changes? Avoid sleepless nights wondering whether you missed a privacy speed bump or pothole between annual updates? Worry no longer. Troutman Pepper is pleased to offer
More Privacy, Please a monthly newsletter recapping significant industry and legal developments, as well as trends in the areas of cybersecurity, information governance, and privacy.
U.S. LAWS AND REGULATION
California Attorney General Announces Approval of Additional CCPA Regulations. On March 15, now former California Attorney General Xavier Becerra announced that the California Office of Administrative Law approved his fourth set of proposed modifications to the California Consumer Privacy Act’s (CCPA) implementing regulations (Fourth Set of Modifications), completing the finalization process. The Fourth Set of Modifications focus on providing consumers with clarity as to how they can
Illinois Leaks | Brotze s Petition Supreme Court To Appeal Carlinville/Alluvial Appellate Decision –
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Ill. Court Says Suit Over Failed Shire Merger Rightly Tossed
Law360 (April 1, 2021, 7:00 PM EDT) The Illinois Appellate Court on Wednesday upheld AbbVie s win over claims that it fraudulently induced an investment company to hold $30 million worth of American depository receipts for Shire PLC pending a $54 billion merger the pharmaceutical giant announced but ultimately reconsidered.
A three-judge panel of the court said a lower court correctly dismissed Castlerigg Master Investments Ltd. s lawsuit against AbbVie Inc. because the company pled insufficient fraud claims over its failed Shire merger, and the state doesn t recognize claims that stem from the holding of securities.
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On March 26, 2021, the Illinois Appellate Court issued an opinion affirming dismissal, with prejudice, of a contractor’s mechanics lien enforcement action. The decision highlights the importance of strict adherence to the statutory framework governing mechanics lien enforcement, and in particular, the requirement to name all known holders of interests affected by the lien as early as possible.
Case Background and Trial Court Decision
The factual background of
CB Construction & Design, LLC v. Atlas Brookview, LLC, 2021 IL App (1st) 200924 (1st Dist. 2021) is not uncommon in the world of construction disputes: upon the completion of a nearly $10M renovation project, the owner (Atlas) refused to pay the contractor (CB) approximately $1.4M remaining under the parties’ contract, which prompted CB to file a mechanics lien against the subject property. Atlas then served CB with a demand under Section 34 of the Mechanics L