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Congress is advancing legislation to reduce uncertainty in ESOP valuation standards, with the Retire Through Ownership Act reaching the president's desk and five companion bills addressing DOL representation, retirement limits, capital access, agency transparency and litigation reform moving through the legislative process.
An employee stock ownership plan, or ESOP, is a special type of qualified retirement plan that allows employees to acquire beneficial ownership in the company where they work, often as part of the prior business owner’s succession plan.
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Petitioners asked the Pennsylvania Supreme Court to extend a stay on its gambling-device ruling, arguing businesses need more time to adapt and lawmakers need time to pass a new statute.
For several years, skill games have operated in a disputed legal gray area while courts debated their legality. During this period, they generated revenue for bars, restaurants, gas stations, social clubs, convenience stores, and other establishments, but also drew litigation, regulatory scrutiny, and legislative debate. Now, however, the issue is now clearly black and white. Unless the General Assembly acts to legalize these games, they will be categorically illegal when the Supreme Court’s order goes into effect on Oct. 14, 2026.
A recent challenge by DraftKings has posed the question of whether the law intrudes into areas already governed by state regulators.
Historically, the federal government led the way, while states played a more modest role. But in recent years, state legislatures and regulators have laid the groundwork for more vigorous enforcement—and companies operating at a national scale will need to pay close attention.
Practitioners must be vigilant to prove not only the reality of irreparable harm, but also that equity compels injunctive relief.
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