Author Archive:
Jeffrey H. Schechter
USPTO Revamps Eligibility Guidance for AI-Assisted Inventions
Read more: USPTO Revamps Eligibility Guidance for AI-Assisted InventionsThe US Patent and Trademark Office’s recent update on inventorship for AI-assisted inventions expands the guidance published earlier this year and clarifies unresolved concerns troubling stakeholders, especially subject matter eligibility of typical inventions and AI-assisted inventions. This update includes more examples for USPTO examiners to use when determining whether an invention meets patentability requirements. Because of its broad application…
Employee Retention Credit Voluntary Disclosure Program to Be Reopened: What You Need to Know
Read more: Employee Retention Credit Voluntary Disclosure Program to Be Reopened: What You Need to KnowOn July 26, 2024, the IRS announced that they are in the final stages of reopening the Employee Retention Credit (ERC) Voluntary Disclosure Program.The ERC is a credit that was available to certain eligible employers against employment taxes. It is generally available for wages paid between March 13,…The post Employee Retention Credit Voluntary Disclosure Program…
New Design Patent Test Creates Uncertainty Over What’s Obvious
Read more: New Design Patent Test Creates Uncertainty Over What’s ObviousThe Federal Circuit’s more relaxed framework for invalidating obvious design patents will require years of legal work to iron out nuances in district courts and at the US Patent and Trademark Office. The Tuesday opinion unwound a test for design patents dating back 42 years, bringing the approach more in line with how obviousness is determined for…
Legal Challenges in New York and New Jersey with Robert M. DiPisa
Read more: Legal Challenges in New York and New Jersey with Robert M. DiPisaRobert DiPisa discusses recent developments in the cannabis industry in New York and New Jersey, with a focus on concerns about third-party advertising leading to consumer confusion. Legal challenges such as Leafly litigation and supply chain issues due to licensing delays were discussed. Additionally, insights were shared on proposed bills for psilocybin legalization in New…
Weed it and Reap: Cannabis Rescheduling’s Impact on Tax Deductions
Read more: Weed it and Reap: Cannabis Rescheduling’s Impact on Tax Deductions• Internal Revenue Code Section 280E prevents cannabis operators from taking ordinary business expense deductions because cannabis is currently classified as a Schedule I drug.• However, the United States Drug Enforcement Agency and Department of Health and Human Services have recommended cannabis be reclassified to a Schedule III drug,
Cole Schotz to launch a dedicated Life Sciences practice
Read more: Cole Schotz to launch a dedicated Life Sciences practiceWith years of experience advising clients operating within the Life Sciences sector, we are excited to launch a dedicated Life Sciences practice. This cross-disciplinary team is comprised of attorneys from across the firm’s main practice areas, enabling us to handle a wide range of transactional, due diligence, and litigation matters. Our attorneys navigate the complexities…
2024 Tax Appeal Review:Declining Property Values in the Office and Retail Sectors Signal the Need to Evaluate Your Tax Appeal Rights at This Time
Read more: 2024 Tax Appeal Review:Declining Property Values in the Office and Retail Sectors Signal the Need to Evaluate Your Tax Appeal Rights at This TimeHeading into 2024 economic challenges still abound. Although the recent history of inflationary growth has subsided, the Federal Reserve’s hinting at upcoming rate cuts and the skyrocketing price of gold suggest that inflation and interest rates will again likely dominate the news cycle over the next 12 months and beyond. In addition, when the stark…
EEOC Publishes Proposed Guidance on Workplace Harassment
Read more: EEOC Publishes Proposed Guidance on Workplace HarassmentOn October 2, 2023, the United States Equal Employment Opportunity Commission (“EEOC”) issued its long-awaited proposed guidance regarding harassment in the workplace (the “Guidance”). In January 2017, the EEOC published proposed guidance on workplace harassment under the Trump Administration, which was never formally adopted or enacted. Over six years later, the EEOC released the Guidance, which reflects…
NYC To Require Annual Parapet Inspections Come 2024
Read more: NYC To Require Annual Parapet Inspections Come 2024asaman Mahdi co-authored this blog. She is currently a law clerk at Cole Schotz P.C. As of January 1, 2024, New York City will require that all building parapets facing the public right-of-way undergo an annual inspection by a “competent person.” The stated purpose of the mandate is to maintain the city’s architectural integrity and…
Monster Energy awarded extra $43m in false advertising dispute with rival
Read more: Monster Energy awarded extra $43m in false advertising dispute with rivalA judge on 6 October awarded energy drink maker Monster Energy attorneys’ fees of nearly $21m and additional damages of $22m in its latest round with its now bankrupt rival Vital Pharmaceuticals, the makers of Bang energy drink. The latest award adds to the $293m in damages given by a jury for false advertising in…
Cole Schotz Newsletter
Read more: Cole Schotz NewsletterThe Exclusive – a curated collection of news and legislative updates that have taken place in recent months along with insightful analyses of how these changes could affect your business or personal interests. Our team of experienced lawyers have prepared informative articles that cover a wide range of legal topics – from employment law to…