Archives: News

American athletics earned 126 total medals, 40 of them gold, at the 2024 Paris Olympics. Closer to home, the State of Illinois won its own version of a gold medal. The Land of Lincoln can now claim, “We’re No. 1!”, however suspect the distinction might be.  According to a recent report compiled by ATTOM Data […]

On August 17, 2024, substantial new rules created by the National Association of Realtors (“NAR”) related to real estate commissions went into effect.  NAR is the largest broker association in the country.  The new rules now specifically require that before a Buyer’s broker can represent a Buyer or show them any properties, the Buyer must […]

To Our Clients and Friends,  On April 26, 2024, we notified you that the Federal Trade Commission (FTC) issued a final rule banning non-compete agreements in the United States for most American workers. It was scheduled to take effect on September 4, 2024. This impactful rule superseded all state laws on non-compete agreements. As stated in our […]

Although Governor J.B. Pritzker signed the amendment to the Illinois Equal Pay Act on August 11, 2023, Illinois Employers need to remember that new pay transparency requirements will go into effect on January 1, 2025.  Who is impacted? All public and private employers in Illinois with 15 or more employees. What is required? All covered […]

Bankruptcy lawyers and the public take note: the debt limit for small businesses and individuals wanting to reorganize under two of the more forgiving bankruptcy chapters got smaller. As of June 21, 2024, the limit for “small business debtors” under subchapter V of the Bankruptcy Code dropped from $7.5 million to slightly over $3 million. […]

Several amendments to the Delaware General Corporation Law (DGCL) related to corporate governance, stockholder rights, and merger agreements went into effect on August 1, 2024. The amendments will apply proactively as well as retroactively to agreements a corporation has entered into prior to the effective date, but will not apply to any completed or pending […]

Golan Christie Taglia is pleased to share that associate, Joseph S. Trytten, has been appointed as the Vice-Chair of the Estate and Gift Tax Committee of the Real Property, Trusts, and Estates Section of the American Bar Association. Joseph will assume the appointment effective September 1, 2024. Congratulations, Joe, on this accomplishment! Golan Christie Taglia, […]

Golan Christie Taglia partner Brian T. Whitlock addresses the recent Supreme Court decision on entity redemption agreements that are funded with life insurance policies owned by the redeeming entity. Brian examines the result of this decision and cautions what family business advisors can do potentially help their clients. For more information, read the complete article […]

In a significant move to foster innovation in emerging technologies, the U.S. Patent and Trademark Office (USPTO) has issued an updated guidance on patent subject matter eligibility, specifically targeting advancements in artificial intelligence (AI). This latest update, effective from July 17, 2024, aims to provide greater clarity and consistency in evaluating the subject matter eligibility […]