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Client Alert

The Basics: Stablecoins and The GENIUS Act

By: Vincent M. Pecora

What is a stablecoin, and why should I care? A stablecoin is a type of cryptocurrency designed to maintain a fixed value—most often pegged to the U.S. dollar—by being backed 1:1 with reserves. Think of it as a digital IOU: for every $1-pegged coin in circulation, the issuer holds $1 in safe, highly liquid assets. ...

Client Alert

Tariffs Ruled Unlawful but Still in Force — 5 Things General Counsel Should Do Now

By: Vincent M. Pecora

On May 29, 2025, the U.S. Court of International Trade (CIT) ruled that the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) exceeded the statutory authority granted to the executive branch. The court found that trade imbalances and related economic concerns do not constitute the “unusual and extraordinary threat” required ...

Client Alert

General Counsel Checklist: Tariffs and SEC Disclosures

As global trade tensions escalate following the Trump administration’s proposed sweeping tariffs on imports, public companies face renewed pressure to ensure that securities disclosures adequately capture evolving risks. The unpredictability of these developments, combined with their potentially material impact, requires careful evaluation of disclosure practices — particularly in the risk factors and forward-looking statements sections ...

Article

The New and Improved Delaware General Corporation Law: What You Need to Know

On March 25, 2025, Delaware Governor Matt Meyer signed into law significant amendments to the Delaware General Corporation Law (DGCL) that are designed to reduce excessive stockholder litigation and reinforce the authority of independent directors and disinterested stockholders.  The amendments, while controversial, received bipartisan support and praise from the business community in the aftermath of ...

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