Latest changes
Route 87 Bridge Replacement Over Ogdonia Creek in Sullivan County
John Nastase Construction has been awarded a $2,227,777 contract for bridge replacement on Route 87 over Ogdonia Creek in Hillsgrove Township, Sullivan County. The contractor will install temporary traffic signals and a one-lane temporary bridge on April 28, 2026, to facilitate demolition of the existing structure and construction of the new bridge. The project includes approach work, paving, line painting, guide rail installation, and removal of the temporary roadway, with an anticipated completion date of fall 2026.
I-81 Bridge Inspection, Harrisburg Pike, Delays Expected
PennDOT announced a bridge inspection on the northbound and southbound I-81 bridges over Route 11 (Harrisburg Pike) near Exit 52 in Middlesex Township, Cumberland County, Pennsylvania. Weather permitting, the work is scheduled for 9:00 AM to 3:00 PM on Tuesday, April 28, 2026, with lane restrictions on Route 11 northbound and southbound under the bridges. Drivers should expect delays and are advised to check 511PA for real-time traffic conditions.
Leon Smith Named 2026 National Teacher of the Year
Leon Smith, a secondary teacher at Haverford High School in Havertown, Pennsylvania, has been named the 2026 National Teacher of the Year by the Council of Chief State School Officers (CCSSO). This marks the second consecutive year a Pennsylvania educator has received the national honor, following Ashlie Crosson's selection in 2025. Smith teaches AP US History and AP African American Studies and has served over two decades in the School District of Haverford Township.
Governor Gianforte, Montana Department of Transportation Promote Safe Work Zones
Governor Greg Gianforte joined the Montana Department of Transportation (MDT), AAA, and Montana Highway Patrol (MHP) on April 21, 2026, for a Mock Work Zone experience at MDT headquarters in Helena to mark National Work Zone Awareness Week (NWZAW). The event educated attendees on navigating work zones safely by walking through a construction zone with guided checkpoints. According to MDT data, Montana experienced an average of 235 work zone-related crashes per year between 2020 and 2024, including 12 fatal crashes and 284 injury crashes.
Nitesh Ratnakar M.D. Disciplinary Hearing Set Apr 28
The Medical Board of Ohio has scheduled an administrative disciplinary hearing for Nitesh Ratnakar M.D. on Tuesday, April 28, 2026 at 10:00 AM. The hearing will be conducted by the Board's Hearing Examiners for licensees who request a hearing based on a citation issued by the Medical Board. Interested parties may view the virtual hearing by registering via the provided Microsoft Teams link.
CT Passes SB00397 Government Accountability Act
The Connecticut General Assembly passed and enrolled SB00397, titled 'An Act Concerning Democracy And Government Accountability,' on April 14, 2026. The bill enacts statutory provisions to ensure accountable administration and enforcement of law in the state. It passed the Senate with amendments and was placed on the House Calendar, completing the full legislative process.
Canadian Update: Key Considerations for Cross-listing to U.S. Exchanges
Haynes Boone published an analysis of MJDS (Multijurisdictional Disclosure System) requirements for Canadian companies seeking to list on U.S. national securities exchanges. The article covers MJDS eligibility criteria (including a $75M public float threshold and 12 months of Canadian reporting history), Nasdaq's January 2026 rule change permitting ADR listings by Canadian issuers, and SEC's May 2026 order exempting qualifying Canadian FPIs from new Section 16(a) reporting obligations enacted under the Holding Foreign Insiders Accountable Act.
OFAC and BIS Violations: Is the Reporting Person a Whistleblower, Witness, or Confidential Source?
Friling Law published a legal analysis distinguishing whistleblowers from confidential sources, witnesses, and complainants in the context of OFAC sanctions and BIS export control reporting. The article addresses how proper characterization affects anti-retaliation protections, credibility with regulators, civil and criminal exposure, and settlement leverage. OFAC sanctions enforcement now reaches global supply chains, payment systems, beneficial ownership structures, digital assets, and intermediaries, while BIS enforcement targets semiconductors, aerospace components, encryption technology, AI-related hardware, and military end-use items.
SEC Exemptive Order Permits 10-Business-Day Tender Offer Minimums
The SEC's Division of Corporation Finance issued an exemptive order permitting certain tender offers for equity securities to remain open for a minimum of 10 business days instead of the standard 20 business days under Exchange Act Rules 13e-4(f)(1)(i) and 14e-1(a). The order applies to both reporting and non-reporting companies and is conditioned on cash-only consideration, exclusion of going-private transactions, and specific disclosure requirements including press releases by 10:00 a.m. Eastern time on commencement and material change announcements by 9:00 a.m. Eastern time on the fifth business day before expiration.
FCA, PRA, BoE Unify Cyber Reporting Rules for 2027
The FCA, PRA, and Bank of England announced on March 18, 2026 a unified cyber and operational resilience framework for UK financial firms, replacing fragmented incident-reporting processes with a single portal. Regulated firms must stay within defined impact tolerances during severe cyber events and bear full accountability for incidents originating from third-party suppliers. Material third-party arrangements must be registered annually and changes must be notified to regulators. The framework applies beginning March 18, 2027.
DOL Guidance Clarifies Proxy Advisors May Be Fiduciaries
The DOL issued Technical Release 2026-01 clarifying that proxy advisory firms are functional fiduciaries under ERISA when they exercise authority over shareholder voting rights or provide investment advice for a fee on how plans should exercise those rights. The Release establishes that managing proxy rights is fiduciary in nature and must be undertaken for the exclusive purpose of maximizing risk-adjusted return on investment, departing from prior Biden administration guidance on ESG considerations. The DOL also addressed state laws regulating non-financial objectives in securities recommendations, finding such laws are generally not preempted by ERISA.
SEC and CFTC Joint Interpretive Guidance on Crypto Asset Securities Classification
The SEC and CFTC jointly issued interpretive guidance on March 17, 2026, establishing a taxonomy for determining whether crypto assets constitute securities under federal securities laws. The guidance applies the Howey test to five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. The guidance designates Bitcoin, Ether, Solana, and XRP as non-securities and supersedes the SEC's 2019 Framework for 'Investment Contract' Analysis of Digital Assets.
Oregon Bans Out-of-State Banks From Exceeding 36% Interest Rate
Oregon Governor Tina Kotek signed Oregon HB 4116 on April 7, 2026, opting Oregon out of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) preemption provisions. The law prohibits out-of-state FDIC-insured, state-chartered banks from making consumer finance loans of $50,000 or less to Oregon borrowers using interest rates exceeding Oregon's 36% usury cap. The law takes effect June 5, 2026. Oregon is the fourth jurisdiction to opt out of DIDMCA, following Puerto Rico, Iowa, and Colorado. The law does not apply to national banks, which may still preempt state usury restrictions.
DOL Issues ERISA Fiduciary Guidance on Proxy Advisory Services
The US Department of Labor issued Technical Release 2026-01 on April 15, 2026, providing guidance on the application of ERISA fiduciary requirements and preemption provisions to proxy advisory services for ERISA-governed retirement plans. DOL takes the position that proxy advisory firms commonly qualify as investment advice fiduciaries under ERISA Section 3(21)(A)(ii) and as functional fiduciaries under ERISA Section 3(21)(A)(i) when exercising authority over proxy voting for plan shares. The release also addresses when state laws regulating proxy advisory firms are preempted by ERISA.
GP Stakes Decoded: A Dual-Lens Guide for Sponsors and Investors
Mayer Brown has published a three-part series analyzing GP (General Partner) stake transactions in alternative asset management, covering strategic rationale, valuation, structure, governance, and relationship management. The series provides parallel perspectives for sponsors seeking liquidity or growth capital and investors evaluating minority stakes in private equity, private credit, real estate, infrastructure, and secondaries managers. Key topics include founder liquidity, control allocation, economic alignment, clawback liability, and investor disclosure obligations.
REVERSEinquiries Newsletter, Volume 7, Issue 2 - Structured and Market-Linked Products
Mayer Brown's REVERSEinquiries newsletter, Volume 7, Issue 2, covers structured and market-linked product regulatory developments. Key items include a FINRA member settlement for Regulation S compliance procedures, a FINRA proposed amendment to Rule 2210 to permit the use of projections in communications, a Second Circuit dismissal of ETN reverse stock split litigation, and monitoring program issuance limits. This is a law firm advisory publication summarizing multiple regulatory topics — not a regulatory action itself.
Terrasoul Superfoods Acquisition by Laird Superfoods Inc.
Laird Superfood, Inc. completed the acquisition of all outstanding membership interests of Terrasoul Superfoods, LLC from Superfoods Seller LLC pursuant to a Securities Purchase Agreement dated April 21, 2026. The transaction included an Adjustment Escrow Amount of $1,500,000.00 and an earn-out structure based on 2026 Contribution Profit. The sellers executed a tax-free reorganization under Section 368(a)(1)(F) of the Code prior to closing.
United Airlines Q2 FY2026 Earnings and Fuel Guidance
United Airlines Holdings, Inc. filed its Q2 and FY2026 earnings guidance via SEC EDGAR as an investor update exhibit. The company projects adjusted diluted EPS of $1.00–$2.00 for Q2 2026 and $7.00–$11.00 for full-year 2026, assuming the Gulf Coast jet forward curve as of April 17, 2026. Adjusted total capital expenditures for FY2026 are targeted at less than $8 billion. The company estimates Q2 2026 profit sharing accruals of $50–$95 million based on adjusted pre-tax earnings metrics.
United Airlines Q1 2026 EPS $2.14, Up 85% Year-Over-Year
United Airlines filed its Q1 2026 earnings results with the SEC via Form 8-K/EX-99.1. Diluted EPS was $2.14, up 85% year-over-year; adjusted diluted EPS was $1.19, up 31% year-over-year. Total operating revenue was $14.6 billion, up 10.6% year-over-year, with a pre-tax margin of 6.0%. Fuel expense increased $340 million compared to Q1 2025. The company generated $4.8 billion in operating cash flow and $2.9 billion in free cash flow.
FATF Ministers Reiterate Commitment to Tackling Illicit Finance
FATF Ministers at the April 2026 biennial Ministerial Meeting held in Washington D.C. reiterated their political commitment to tackling illicit finance through multilateral coordinated action. Ministers agreed to focus efforts on the growing threat of fraud and strengthening effective risk-based implementation of the FATF Standards. The declaration was issued in the margins of the IMF-World Bank Spring Meetings.
Food Supplements Purity Criteria Magnesium L-threonate Monohydrate England Regulations 2026
The Secretary of State for Health and Social Care has drafted regulations establishing purity criteria for magnesium L-threonate monohydrate (CAS 500304-76-7) as a mineral source in food supplements. The Schedule sets out chemical specifications including assay requirements for magnesium (7.2-8.3%) and L-threonate (82-91%), plus heavy metal limits for arsenic (1 ppm), lead (0.5 ppm), cadmium (0.2 ppm), and mercury (0.1 ppm). The draft regulations are laid before Parliament for approval by resolution of each House and come into force on 13th August 2026, applying to England only.
BOE Daily Summary April 22, 2026 — Government Personnel and Appointments
The April 22, 2026 edition of Spain's Official Gazette (BOE) publishes personnel appointments across multiple government bodies, including Real Decretos concerning diplomatic appointments and cessations. Three ambassadors are relieved of their posts in Jordania, Malasia, and Brunéi Darusalam, with three new ambassadors simultaneously designated to Jordania, Lebanon, and Liechtenstein. A judicial council competition resolution and a Cortes Generales administrative appointment are also published. This daily index consolidates official announcements from 25 ministerial departments and public bodies. No regulatory obligations, penalties, or compliance deadlines are established by this summary itself.
23 AGs Urge CFPB to Abandon Enforcement Rollback
Twenty-three attorneys general, led by Michigan AG Dana Nessel, have submitted an opposition letter to CFPB Acting Director Russell Vought urging the agency to abandon plans that would drastically reduce supervision staff and weaken enforcement. The coalition warns that scaling back CFPB's 72-person Office of Supervision Policy and Operations to a single staff member would undermine the agency's statutory obligations and leave consumers more vulnerable to financial fraud.
AG Nessel Reissues Gift Card Scam Consumer Alert for Money Smart Week
Michigan Attorney General Dana Nessel reissued a consumer alert on gift card scams as part of Money Smart Week. The alert describes eight types of gift card scams, including law enforcement impostor scams, tech support scams, family emergency/grandparent scams, charity imposter scams, utility imposter scams, debt collection scams, sweepstakes/lottery scams, and Social Security/IRS scams. The alert reminds consumers that no legitimate business or government agency will demand payment via gift card. If a consumer has shared gift card information with a scammer, they are advised to contact the gift card issuer immediately and file reports with the FTC and the Attorney General's Consumer Protection Team.
National Council on Disability Virtual Meeting, May 7th
The National Council on Disability (NCD) will hold a virtual quarterly Council meeting on Thursday, May 7, 2026, from 12:30–3:00 p.m. EDT via Zoom for Government. The agenda includes Acting Chairman report-outs, Council Member reports, Executive Committee updates, policy and legislative briefings, a 2026 Progress Report discussion, and a vote on FY27 policy project proposals.
ICE Arrests Pedophiles, Rapists, and Drug Dealers
DHS announced that ICE arrested five criminal illegal aliens on April 20, 2026. Those arrested include individuals convicted of child molestation, possession of child pornography, rape, and drug trafficking in California, Virginia, New York, and Utah. The arrests were announced during National Crime Victims Week.
ICE Lodges Arrest Detainer for Illegal Alien Charged With Incest and Child Sex Crimes in South Carolina
U.S. Immigration and Customs Enforcement (ICE) lodged an arrest detainer on April 17, 2026, for Luis Armando Argueta Montejo, a 43-year-old illegal alien from Mexico, who faces charges of incest and three counts of criminal sexual conduct with a child in Oconee County, South Carolina. According to reports, the victim is allegedly between 11 and 14 years of age. Montejo, who entered the U.S. in 2006 with no prior criminal history in the country, will be transferred to ICE custody after facing prosecution in the American justice system.
HSI Arrests Convicted Murderer Daniel Barber for Threatening ICE Director
U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI) San Francisco arrested U.S. citizen Daniel Barber on April 10, 2026, for sending violent death threats to Acting ICE Director Todd Lyons. The threats, sent via email on June 6, 2025, included language calling for ICE officers to be executed. Barber has a prior conviction for murder and robbery with intent to cause bodily harm from 1990, as well as multiple prior arrests for burglary, battery, and vehicle theft.
Burch v. Mandadero et al – Prisoner Civil Rights Complaint
Prisoner Ishmael Jenkins Burch filed a civil rights complaint in the Northern District of California (Case 3:26-cv-03353-TSH) on April 21, 2026, alleging claims against three named defendants—J. Huey, Mandadero, and W. Reyes—under federal prisoner civil rights provisions. The plaintiff simultaneously filed a motion for leave to proceed in forma pauperis, indicating financial inability to pay filing fees, and the California Department of Corrections and Rehabilitation has been directed to submit a certified Prison Trust Account statement within 72 hours.
Coastal Electrical Construction LLC v. Jernigan et al
The U.S. District Court for the District of Delaware issued a ruling in Case 25-1295, Coastal Electrical Construction LLC v. Jernigan et al. The opinion was authored by District Judge Gregory B. Williams on April 21, 2026. The full opinion is available as a PDF on the court's website.
Kaufman v. Baumgardner
Magistrate Judge Sherry R. Fallon of the United States District Court for the District of Delaware issued a ruling in case 26-054, Kaufman v. Baumgardner. The document references the filing of a PDF opinion. No specific holdings, monetary penalties, or compliance obligations are stated in the available navigation content.
Ameritas Life Insurance Corp. v. U.S. Bank, National Association
The United States District Court for the District of Delaware issued an opinion in Case 22-623 filed by Ameritas Life Insurance Corp. against U.S. Bank, National Association. Judge Jennifer L. Hall presided over the matter, with the ruling dated April 21, 2026. The specific holding and disposition of the case are contained in the full opinion document.
Bryant v. CD Baby.com
The United States District Court for the District of Delaware issued a ruling in Bryant v. CD Baby.com, Case 24-179, assigned to Magistrate Judge Eleanor G. Tennyson. The opinion was filed on April 20, 2026. The document is available in PDF format at the court's website.
In Re Plug Power Inc. Securities Litigation
The U.S. District Court for the District of Delaware issued a final judgment in In Re Plug Power Inc. Securities Litigation, Case 23-406. The opinion was authored by District Judge Jennifer L. Hall and filed on April 20, 2026. The full text of the ruling is available via the PDF linked on the court's opinions page.
SEC and CFTC Propose Form PF Amendments to Reduce Private Fund Adviser Reporting Burden
The SEC and CFTC jointly published proposed amendments to Form PF on April 20, 2026, targeting SEC-registered investment advisers to private funds, including those also registered with the CFTC as commodity pool operators or commodity trading advisors. The proposal would eliminate certain filing and reporting obligations, streamline existing requirements, and make corrections and other revisions designed to reduce regulatory burden. The amendments target both large hedge fund advisers and smaller private fund advisers with simplified quarterly and annual filing options.
Masimo Corp. v. Kiani - Forum Selection Clause Enforcement
Delaware Court of Chancery granted former CEO Joe E. Kiani's motion to dismiss in Masimo Corporation v. Kiani. The court held that the forum selection clause in the 2015 employment agreement—which selects the Superior Court of California for disputes 'arising out of or related to' the agreement—governs this dispute over severance payments and the agreement's validity. Masimo had filed suit in Delaware seeking to invalidate the employment agreement as resulting from alleged breaches of fiduciary duty.
SB304 Business License Building Trade
Alabama SB304, requiring municipalities to provide business licenses to certain businesses in the building trade, was signed into law by the Governor on April 13, 2026. The bill passed the Senate 30-0 on March 17, 2026 and the House 101-2 on April 8, 2026, with multiple House amendments adopted. The legislation modifies municipal authority over business licensing in the construction sector.
SB304 Alabama Building Trade Business License
Alabama Senate Bill 304 was enrolled and enacted on April 13, 2026, during the 2026 Regular Session. The bill, sponsored by Senator Greg Albritton, provides for municipal business license requirements for certain businesses operating in the building trade. The Senate passed the original bill 30-0 on March 17, 2026, and the House passed the amended version 101-2 on April 8, 2026, before the bill was delivered to the Governor and enrolled.
Ten Commandments Display Required in Alabama Public Schools
Alabama Senate Bill SB99 was enrolled and enacted on April 13, 2026, requiring the display of the Ten Commandments in certain public schools. The requirement is expressly conditioned on the availability of donations to fund the display, meaning no public funds may be used. The bill passed the Senate with final House passage on April 9, 2026, by a vote of 81-10 (Roll Call 1347).
SB99 Requires Ten Commandments Display in Alabama Public Schools
Alabama Senate Bill 99 has been enacted, requiring the display of the Ten Commandments in certain public schools in the state. The bill was passed by the Senate (Yea: 30, Nay: 4) on March 31 and subsequently passed by the House of Representatives (Yea: 81, Nay: 10) on April 9, receiving final enactment on April 13. The implementation of the display requirement is contingent upon the availability of private donations, meaning schools are not required to use public funds for this purpose. Schools subject to this mandate should identify the specific display locations and establish procedures to receive and manage donation-funded acquisitions.
Ten Commandments Required to Be Displayed in Alabama Public Schools Under SB99
Alabama Senate Bill 99 was signed into law by the Governor on April 13, 2026, requiring the display of the Ten Commandments in certain public schools across the state. The bill advanced through both chambers with final House passage on April 9, 2026, adopting Roll Call 1347 with an 81-10 vote. Implementation is contingent upon private donations being available to cover the costs of displaying the Ten Commandments in schools.
Alabama SB361 Establishes Dog Tethering and Confinement Requirements with Exemptions and Criminal Penalties
Alabama SB361 establishes statewide dog tethering and confinement requirements, creating criminal penalties for violations and assigning enforcement authority to animal control officers. The bill was sponsored by Senator Garlan Gudger and passed the Senate 28-1 on third reading, then passed the House 69-23 on April 8, 2026, before being enrolled and enacted on April 13, 2026. Dog owners, pet-related businesses, and local governments should review the new requirements and exemptions to understand compliance obligations under the law.
Alabama SB5 Requires K-12 Public Schools Broadcast Star-Spangled Banner Weekly
Alabama SB5 was enacted on April 13, 2026, establishing a statewide constitutional amendment that requires all public K-12 schools to broadcast the Star-Spangled Banner on a weekly basis. The bill cleared both chambers with final House passage on a 75-27 roll call vote and was signed into law after being delivered to the Governor on April 9, 2026. Educational institutions subject to this mandate should ensure their facilities are equipped and scheduled to comply with the weekly anthem broadcast requirement.
Alabama SB361 Dog Tethering and Confinement Requirements
Alabama SB361 establishes tethering and confinement requirements for dogs, with exemptions for specified persons and activities, and establishes criminal penalties for violations enforced by animal control officers. The bill passed the Senate 28-1 on March 12, 2026, and passed the House 69-23 on April 8, 2026, before receiving the Governor's signature on April 13, 2026. Dog owners and persons working with animals in Alabama should review their current tethering and confinement practices for compliance.
Alabama SB5 Requires Weekly Star-Spangled Banner Broadcast in Public K-12 Schools
Alabama's SB5, a statewide constitutional amendment, was enacted on April 13, 2026, requiring all public K-12 schools in the state to broadcast the Star-Spangled Banner at least once weekly. The bill passed the House 75-27 after earlier Senate passage on March 3, 2026. School districts in Alabama must now incorporate the weekly anthem broadcast into their school operations.
University of Suffolk FOI Exemption Upheld
The Information Commissioner's Office (ICO) has issued a Decision Notice finding that the University of Suffolk correctly relied on section 40(2) of the Freedom of Information Act 2000 (FOIA) to withhold information concerning student nationalities attending specific courses. The Commissioner does not require further steps to be taken.
Badsworth Parish Council FOI Upheld - SID Data Request
The Information Commissioner's Office has upheld a Freedom of Information complaint against Badsworth Parish Council. The council failed to adequately ascertain whether it holds further Speed Indicator Device data requested by a complainant. The ICO requires the council to conduct comprehensive searches within 30 calendar days and either disclose responsive information or issue a compliant refusal notice.
Tower Hamlets FOI 3 Upheld, 30 Days
The ICO has upheld a Freedom of Information complaint against the London Borough of Tower Hamlets, finding that safeguarding Rapid Review information relating to child deaths or serious injuries is held by the council for the purposes of FOIA. The council had wrongly refused disclosure on the basis that the Tower Hamlets Safeguarding Children Partnership is not a public authority. The ICO requires the council to issue a fresh FOIA response acknowledging that the information is held by the council within 30 calendar days.
Home Office FOI Request on Migrant Housing Partly Upheld
The Information Commissioner has issued a decision notice regarding a Freedom of Information request made to the Home Office for information about migrant housing at RAF Scampton. The ICO found that the Home Office was entitled to rely on section 14(1) of FOIA (vexatious requests) and regulation 12(4)(b) of the EIR (manifestly unreasonable request) to refuse the information request. However, the ICO determined that the Home Office failed to comply with section 16 of FOIA and regulation 9 of the EIR by not providing advice and assistance to help refine the burdensome request.
Plymouth City Council FOI Decision Notice: Information Not Held, Not Upheld
The ICO has issued a Decision Notice finding that Plymouth City Council correctly handled an FOI request for information about a referendum relating to a proposed mayoral election. The council confirmed it did not hold the requested information, as any such information would be held by the Returning Officer—a separate entity. The Commissioner determined the council complied with section 1(1) of the FOIA and requires no further steps.
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