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California is no longer the lone state with a consumer data privacy law. Virginia is now on the verge of joining, pending a formal reconciliation between the Virginia House and Senate versions, as well as the governor’s signature. The Virginia Consumer Data Protection Act (CDPA) resembles California’s CCPA and Europe’s GDPR in some but not all aspects.
Although the CDPA will not become effective until Jan. 1, 2023, companies should get their data privacy affairs in order because other states, and eventually the federal government, will likely pass their own laws, soon enough, and they may have different obligations companies should be aware of. Accordingly, now is the time for companies to familiarize themselves with the consumer data privacy requirements, or else they risk facing significant penalties down the road.
The acting chair of the U.S. Securities and Exchange Commission (“SEC”) last week issued a statement (available here) directing the agency to focus on climate-related disclosures in.
, a BizWest news partner.
WeWork’s jilted Denargo Market landlord is chasing the collateral.
The owner of the 86,000-square-foot building at 2323 Delgany St. last week sued Westchester Fire Insurance Co., the Pennsylvania-based company that issued the surety bond when WeWork leased the property in 2019.
WeWork never opened at the site, and last week’s lawsuit is the second to result. In January, WeWork sued WL Denver Delgany Owner LLC, alleging the landlord failed to provide the building in the proper condition. That litigation remains unresolved.
Surety bonds are funds that are put up to prevent a landlord from losses if a tenant fails to meet its obligations.
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