Month: November 2023
Egg Price-Fixing Conspiracy: Unraveling the Layers of Antitrust Litigation
An Illinois federal judge recently held that several food companies met their burden of showing that a group of egg farmers conspired to inflate egg prices. In 2011, a legal battle unfolded as major food industry giants – Kraft, Kellogg, General Mills, and Nestle – launched a lawsuit accusing prominent egg producers and trade groups
Freight Funding Announced
In March, Governor J.B. Pritzker and Transportation Secretary Omer Osman announced a nearly $200 million investment in 22 port, rail and highway projects intended to improve the freight movement throughout the state. Among the projects is $18.8 million for a new bridge over the Chicago Sanitary and Ship Canal on Illinois 50. Administered by IDOT
National Labor Relations Board Issues Modification to Proposed Rule
In late October, the National Labor Relations Board (NLRB) issued an explanation and justification for the modification of its rule regarding Joint Employer Status of employees of second entities. Within this explanation, the NLRD clarified three (3) major points including; (1) the definition of “essential terms and conditions of employment”, (2) the type of control
The Highway Trust Fund Nears Insolvency
The United States’ Highway Trust Fund finances most federal government spending for highways and mass transit. Currently, this fund is in jeopardy as the Highway Trust Fund is running low on funding. Current trends indicate it will run out by 2028. The primary source of revenue for the Highway Trust Fund is from federal taxes
What is the Corporate Transparency Act?
The Corporate Transparency Act (CTA) will establish uniform reporting requirements concerning beneficial ownership information for certain types of corporations, limited liability companies (LLCs), and other entities created in or registered to do business in the United States. The CTA authorizes the Financial Crimes Enforcement Network (FinCEN) to collect that information and disclose it to authorized
Expiration Dates Pose a Hurdle for SPACs Yet to Finalize Mergers
Special Purpose Acquisition Companies (SPACs) are publicly traded corporations with a specific goal—facilitating a merger with a private business to take it public. They have a two-year lifespan and raise funds from public-equity investors. This process aims to streamline and de-risk the initial public offering journey for the target companies. As of February 2023, 348