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Court Dismisses Citizen Suit Against Oneida for Solar Farm Agreement

Given the state and federal incentives for solar energy, and the lowered cost of solar panels, companies are seeking to lease land in rural New York to build solar farms.  The Oneida Daily Dispatch reported in April 2016 that a Madison County Judge had dismissed an Article 78 lawsuit against the city of Oneida.  See here.  The suit... Read more »

SEC Settles First “Stand-Alone” Whistleblower Case

The Securities and Exchange Commission (the “SEC”) showed its teeth when it imposed its first “stand-alone” fine under the “Whistleblower Program” at the end of September, 2016.  The Program was authorized by the Dodd-Frank Act.  The fine against International Game Technology was for firing an employee who reported to senior management and the SEC that... Read more »

BLM Proposal to Make Federal Lands Accessible to Solar and Wind Energy

The rule proposed by the Bureau of Land Management, see here, under the Obama administration’s push for clean energy, is reportedly to be adopted in October 2016.  The rule establishes a competitive bidding process that would be in theory more streamlined than the current permitting process, offsets equal to up to 20% of the bid and... Read more »

FINRA Adopts New Capital Acquisition Rules

In August, the Securities and Exchange Commission (“SEC”) has approved new Financial Industry Regulatory Authority (“FINRA”) rules allowing a person registering as a “Capital Acquisition Broker” (“CAB”) to meet lesser obligations than those that FINRA would apply to full broker-dealers.  See SEC Release 34-78617, here.  A CAB is defined to include a person: (i) advising an issuer... Read more »

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