Jim Reed

Hi!!! Please check out the alert Erin Huntington and I did - our first for DLA Piper - on #sustainablity, #sourcing and #greenwashing, including some actions items to make sure your #ESG efforts don't get you into hot water. #supplychain #stratedgy #manufacturing #supplychain #classaction #fashionlaw #wdrcs #fon #FashionLawyerLife

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In this blog post my Foley colleagues, Erik Swanholt and Rachel Pauley, discuss five key topics apparel companies should focus on to remain compliant with the CPSC. Click below to read more! #FashionIndustry #ConsumerProducts

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In Law360, Lowenstein Bankruptcy & Restructuring Department Chair Jeffrey Cohen addresses 99 Cents Only Stores' Chapter 11 filing, emphasizing that this is not a sign of wider issues in the discount retail sector, given their significant price advantage over traditional retail. Read the full article: https://bit.ly/3Jnjbjq Read Jeff’s bio: https://lnkd.in/d25-78-J #chapter11 #bankruptcy #bankruptcylaw #bankruptcynews #restructuring #lawyers

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On 12 June, the U.S. District Court for the Eastern District of California preliminarily enjoined the California Attorney General and all private enforcers of California Proposition 65 from filing new lawsuits to enforce Proposition 65’s warning requirement for exposures to titanium dioxide. Read our insights here. https://lnkd.in/gzCQTp4X #cosmetics #consumer #productslaw

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What can companies do to prepare for the FTC’s broad ban on noncompetes while challenges to the new rule play out in court? Rulings are expected in July 2024 in two of those cases, well before the rule takes effect in September. Joseph Rancour | Tara Reinhart | David Schwartz | Annie Villanueva Jeffers #antitrust #competition #executivecompensation #laborlaw

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David Schwartz, Aaron Mandelbaum, and Scott E. Diamond’s article “National Defense Authorization Act for Fiscal Year 2024 Adds Significant Trade Provisions,” was published in The Global Trade Law Journal. In this article, they explore how the National Defense Authorization Act for Fiscal Year 2024 impacts U.S. export controls, sanctions, and supply chain management. Read More: https://bit.ly/3WJjsoH #NDAA #InternationalTrade #ExportControls #Sanctions #SupplyChainManagement #ThompsonHine

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In a recent article from The Fashion Law, partners Michael Barry and Kristen Klesh discuss how recent #PFAS regulatory changes have affected luxury brands and the broader fashion industry. Read more here: https://bit.ly/3Lef0Hs

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RECAP: TechBrew:AM w/ Emily Schmitt, CAO & General Counsel, Sukup Manufacturing Co. Last week, Emily shared her career journey in the family business, discussed innovations in manufacturing, and highlighted how she invests in her employees and community. Key Takeaways: 1. Tech Innovations at Sukup 2. Sukup Innovations Acquisition 3. Reimagining Products for Good 4. Investing in Employee Growth & Safety 5. Mentorship & Empowering Others 📖 Read More: https://lnkd.in/g9wSHfCq #TechBrewAM #UniteIowaTech

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Mayer Brown confirms split with Hong Kong partner JSM https://lnkd.in/gkVjkvEC US-based law firm Mayer Brown has confirmed that it will end its 15-year partnership with Johnson Stokes & Master. Mayer Brown said it would continue to operate in Hong Kong through a “new partnership”, while the law firms would revert to their respective pre-merger names. Going forward, JSM will operate as a Hong Kong home-grown law firm. The delinking, subject to the approval of the Law Society of Hong Kong, is expected to take effect before the end of the year, with a transition period of around one year for both parties. Mayer Brown’s Jon Van Gorp, said: “Our strategic plan prioritises the development of core products and industries that are most relevant to our clients in the world’s leading global financial centres, including Hong Kong.” Terence Tung, senior partner of the Hong Kong partnership, said services would continue to be provided through offices in Hong Kong and the mainland. A lawyer close to the matter told China Business Law Journal that the split between the two firms was “on good terms”, and the majority of staff in the Hong Kong office were expected to remain with JSM. 📲 Sign up for the latest updates in the legal industry: https://lnkd.in/gg3FmMn4 #cblj #china #hongkong #restructuring #legalnews #inhousecounsel #business #legalprofession #lawfirms #lawyers #legal #law #lawdotasia

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Here is a follow up to my blog post of last week ... providing an update on other pending legislation that can dramatically impact the fashion industry

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The barriers to buying an affordable EV in the U.S. seem to be getting higher. Like the U.S.’s ultimate refusal to embrace the metric system back in the 1970’s, the U.S. might be the sole holdout in transitioning to mostly EVs in the future.

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📢 New Tariffs Alert 📢 The U.S. has announced new tariffs on a range of Chinese-origin goods, including EVs, semiconductors, and solar cells. With a strategic push for domestic manufacturing, the tariffs aim to reduce dependency on China. An exclusion process for machinery in U.S. manufacturing has also been introduced. #TradeNews #Tariffs #Manufacturing #USChinaTrade #Economy #SupplyChain https://lnkd.in/gwEzfmzz

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“SCOTUS Rejects Proposed Release of Sackler Family From Purdue Pharma Chapter 11 Plan as Not Permitted by the Bankruptcy Code”—Learn more in this Restructuring, Bankruptcy & Creditors’ Rights Practice Area alert authored by Ilan Markus, partner. Click here to read the alert: https://lnkd.in/gqTJkeYy #Alert #SCOTUS #PurduePharma #Chapter11Bankruptcy #BankruptcyCode 

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Earlier today, the FTC voted unanimously (5-0) to block Tempur Sealy—the world’s largest mattress supplier and manufacturer—from acquiring Mattress Firm—the nation’s largest mattress retailer—in a $4b vertical transaction. As the complaint alleges, this proposed transaction would give Tempur Sealy the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers once it acquires Mattress Firm. The proposed vertical acquisition would merge Tempur Sealy’s manufacturing and supply operations with Mattress Firm’s vast retail footprint, giving the combined company enormous power at multiple parts of the mattress supply chain. As the complaint describes, this concern is not speculation. Multiple emails, presentations, and other deal documents show in clear terms that Tempur Sealy’s acquisition of Mattress Firm is about crippling the competition. This deal would thus raise prices on an essential good and could lead to layoffs for good paying American jobs throughout the country. Congratulations to FTC staff in the Bureaus of Competition and Economics on their incredibly thorough investigation and tireless dedication.

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After weeks, maybe even months, of speculation, mall retailer Express filed Chapter 11 today. It plans to close over 100 of its 500+ retail stores in the U.S. The ability to reject leases in bankruptcy gives Express a negotiation tool that it didn't have before filing. The lease negotiations with its landlords should be interesting. #bankruptcy #Chapter11 #landlord #tenant #retail #commercialleasing #leaserejection

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