Business Law and Corporate Law

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Article
Eastern District Of New York Dismisses Proposed Class Action Against Exercise Equipment Company With Prejudice
On March 31, 2026, Judge Margo Brodie of the United States District Court for the Eastern District of New York granted a motion to dismiss a putative class action against an exercise equipment company (the “Company”) and its officers and directors for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Tian v. Peloton Interactive, Inc., 23-cv-4279-MKB (E.D.N.Y. Mar. 31, 2026). Having previously granted a motion to dismiss the action with leave to amend, which we covered here, the Court granted this motion to dismiss with prejudice.
United States Commercial
AO
A&O Shearman
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Article
SEC Exempts Certain Foreign Private Issuers From New Section 16(a) Reporting Obligations
In Davis Graham’s January 2026 alert, we discussed the significant changes introduced by the Holding Foreign Insiders Accountable Act, which extended Section 16 reporting obligations to directors and certain officers of foreign private issuers. In a welcome development for many FPIs, the Securities and Exchange Commission has now exercised its exemptive authority to provide relief for issuers incorporated in certain qualifying jurisdictions.
United States Commercial
DG
Davis Graham
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Article
The L-1 New Office Route – Navigating Common Pitfalls
The L-1 visa remains a widely used pathway for multinational companies to transfer executives, managers, and specialized employees to the United States. Within this category, the “new office” option allows companies without an existing U.S. presence to establish operations by transferring key personnel. A new office is defined as a U.S. branch, subsidiary, or affiliate that has been doing business for less than one year.
United States Immigration
FG
Fakhoury Global Immigration
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