The Live-In Exemption exempts from the FLSA’s overtime pay requirements “any employee” meeting its other expressly stated requirements, namely, those employees who are employed in “domestic service in a household” and “who resides in such household.” The Department of Labor exceeded its authority when it promulgated its 2015 Third-Party Employer Regulation, ruled a federal district court in Pennsylvania. That part of the regulation pertaining to employees engaged in live-in domestic service…

The SEC eased Treasury clearing requirements by excluding certain non-U.S and inter-affiliate repo transactions. The SEC issued exemptive relief from required central clearing of U.S. Treasury securities for certain non-U.S and inter-affiliate repo transactions. The order excludes specified transactions from the definition of eligible secondary market transactions, subject to conditions (Order Granting Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934,…

The Federal Bureau of Investigation on Saturday blamed the North Korean government for the cyber theft of $6.3 billion in cryptocurrency from Binance Holdings, Ltd. “The FBI refers to this specific North Korean malicious cyber activity as ‘TraderTraitor,’” the bureau said in a news release . The FBI and its partners at the U.S. Secret Service and Internal Revenue Service have “observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH). It is expected these assets will…

CMS misinterpreted the Inflation Reduction Act’s exclusion for plasma-derived products when it failed to exclude BOTOX from its published list of selected drugs for drug pricing negotiations. A federal district court for the District of Columbia has granted in part the motion for summary judgment filed by AbbVie Inc. in a lawsuit brought by the drug manufacturer challenging CMS’s selection of BOTOX in its list of selected drugs for drug pricing negotiations. AbbVie contended that the agency…

The plaintiffs say the amendments disrupt lending and counseling services, divert scarce resources, and reduce their ability to serve underserved borrowers through their organizational networks. The National Urban League and the Massachusetts Association of Community Development Corporations have filed a complaint asking the U.S. District Court for the District of Massachusetts to declare unlawful and set aside the Consumer Financial Protection Bureau’s Regulation B amendments. The plaintiffs…

A deadline looms for the filing of responses over claims allocation disputes. The complexity and opacity of the Anthropic claims settlement process is causing at least one group of authors “to consider abandoning, or to abandon, their claims all together,” a prominent authors association has asserted in a letter to the court administering the settlement. The letter, sent last week by a trade group for authors of educational textbooks, urges the court to “minimally” ensure that authors are not…

The CMA cautioned there are no findings as yet, the point of the investigation is to find out whether Meta abused a dominant position in violation of the UK Competition Act 1998. The United Kingdom's Competition and Markets Authority (CMA) announced it is opening an investigation of whether Meta commercial terms and conditions breach competition law. The businesses subject to the investigation are Meta Platforms, Inc.; Facebook UK Limited; and Facebook Ireland Limited, but may include other…

The U.S. Supreme Court’s ruling in Monsanto Co. v. Durnell foreclosed state-law claims seeking a cancer warning which the herbicide’s EPA-approved label did not contain. In an action brought against an herbicide manufacturer for allegedly failing to warn consumers that its product could cause cancer, the U.S. Court of Appeals for the Eleventh Circuit granted the parties’ joint motion for summary adjudication and reversed a district court judgment in favor of the consumer. On remand from the…

The employee’s responsibilities concerning documentation, design, and development of the IVR system were the “main” or “most important” part of his job, making them his “primary duty.” Cincinnati Bell met its burden to show that an IT employee’s responsibilities were intimately intertwined with the design, development, and documentation of an IVR system, making him an exempt computer employee, ruled the Sixth Circuit. The employee claimed that the employer failed to pay him overtime wages,…