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Unfortunate Change To Settlement Fees And Costs Allowability Law

Client Alert | 1 min read | 05.21.09

Reversing the ASBCA decision in Tecom, Inc., ASBCA Nos. 53884 et al., 07-2 BCA ¶ 33,674 (Sept. 21, 2007), the Court of Appeals for the Federal Circuit holds in Geren v. Tecom, Inc., No. 2008-1171 (May 19, 2009), that legal fees and costs incurred in connection with settling a private action for employment discrimination unrelated to fraud will be allowable only if the contractor can establish that the private plaintiff had very little likelihood of success on the merits. This ruling, which will be discussed next week at Crowell & Moring's OOPS conference, will greatly complicate the determination of allowable costs and place the responsible government contracting officer in the difficult position of second-guessing each settlement decision.

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Client Alert | 11 min read | 12.15.25

New York LLC Transparency Act: Key Requirements and Deadlines

On January 1, 2026 (“Effective Date”), the New York LLC Transparency Act ("New York Act”) is scheduled to take effect, introducing new disclosure requirements for limited liability companies (“LLCs”) formed or registered to do business in New York State.  The New York Act is expected to impose the type of broad beneficial ownership requirements the federal CTA and rules implementing it was designed to require, before the federal government’s decision to limit the scope of the CTA’s beneficial ownership reporting requirements to foreign companies and foreign beneficial owners....