Latest From Skadden

  • California Passes Landmark Bill Restricting Classification of Contract Workers
    Skadden, Arps, Slate, Meagher & Flom LLP
    Karen L. Corman, Anne E. Villanueva
    The California Senate and Assembly have passed an employment bill that, if signed by Gov. Gavin Newsom, would codify the extension of employment protections to workers previously classified as independent contractors. The bill is expected to have a significant impact on the gig economy, including the ride-hailing and food delivery industries.
  • New IRS Rules on Timing of Income Recognition Raise Questions
    Skadden, Arps, Slate, Meagher & Flom LLP
    Scott H. Rabinowitz, David A. Schneider
    The IRS and the Treasury Department recently released proposed regulations that would impact when accrual method taxpayers report amounts in gross income. The regulations clarify some issues relating to amendments set forth in the 2017 Tax Cut and Jobs Act but leave many others unresolved.
  • SEC Staff Announces Changes to Shareholder Proposal No-Action Request Process
    Skadden, Arps, Slate, Meagher & Flom LLP
    Blake M. Grady
    On September 6, 2019, the SEC's Division of Corporation Finance published a statement regarding no-action requests to exclude shareholder proposals. Although the long-term effects of these changes are uncertain, this season companies should plan to continue to pursue no-action relief whenever viable arguments exist to exclude a proposal.

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