Equity

Minnesota Cannabis Licensing Lottery Paused by Judge Amidst Equity Dispute

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ST. PAUL, Minn. — A Minnesota judge has put a temporary stop to the state’s cannabis license lottery, originally set for Tuesday, amid ongoing legal challenges. This development delays the planned issuance of permits for cannabis businesses, which were set to begin under a new system purported to foster social equity. Earlier this summer, the state had begun accepting applications from businesses that qualified under its social equity criteria. These businesses were expected to enter a pre-approval stage, giving them a head start before the broader licensing phase rolls out next year. However, the process … Read more

Growing Number of States Embrace Pay Transparency, Boosting Job Application Rates and Promoting Pay Equity

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Washington, D.C. — A wave of legislative changes is sweeping through different states in the U.S., mandating employers to be clear about the salary ranges when they advertise job positions. As of today, Washington D.C. and thirteen states including prominent ones like California, New York, and Colorado have enacted pay transparency laws. These regulations are primarily aimed at enhancing wage equity and providing prospective employees a clearer picture of potential earnings. The trend towards salary transparency is not just confined to these states; recently, New Jersey also passed legislation and is awaiting Governor Phil Murphy’s … Read more

Behind the Scenes: How Private Equity is Powering Class Action Lawsuits in Consumer Markets

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New York — Beneath the surface of America’s legal landscape, a less-visible financial engine is driving many of today’s high-profile class action lawsuits, particularly those involving product liability. This burgeoning sector, known as private equity, has been stealthily investing in litigation, which has been profoundly changing the dynamics of how legal claims are pursued in the United States. Historically, funding for such lawsuits typically came from the plaintiffs themselves or their attorneys, working on a contingency basis. However, in recent times, private equity firms have begun to see litigation funding as a lucrative investment opportunity. … Read more

Unlock Investment Secrets at Latin Lawyer Live: Private Equity 2024 in NYC Next Week

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New York, NY — As the global private equity landscape continues to evolve, leading experts and industry professionals will converge at Simpson Thacher & Bartlett LLP’s New York office on October 8 for the premier Latin Lawyer Live: Private Equity 2024 event. The conference aims to delve into the challenges and opportunities within the Latin American market, offering attendees insider insights on navigating complex investment environments. The day will begin with a comprehensive overview of the private equity sector in Latin America, discussing market drivers and regional trends. Among the high-profile speakers, Emanuel Hernandez, director … Read more