Kutak Rock

Kutak Rock’s Servicemembers, Veterans and Their Families Affinity Group wishes to recognize this National Vietnam War Veterans Day and pay tribute to the more than 2.7 million Americans who served during the Vietnam War. Welcome home. #KutakRock #Veterans #VietnamWar #Military

CLIENT ALERT: On March 26, 2025, President Trump signed a proclamation subjecting imports of automobiles into the U.S. to an additional 25% tariff beginning April 3, 2025. Following the publication of a notice from the Federal Register, certain automobile parts will also be subject to the additional tariff. Read more about the effects of this new tariff here: https://lnkd.in/gMBu-6Jy #KutakRock #tariff #USTrade

CLIENT ALERT: On March 13, 2025, a class action complaint was filed against JPMorganChase and its medical plan fiduciaries for engaging in prohibited transactions and breaching their ERISA fiduciary duties. This complaint is very similar to those discussed in previous Client Alerts that were filed against Johnson & Johnson and Wells Fargo. Explore the evolution of lawsuits against health plan fiduciaries here: https://lnkd.in/gvsfTcDR #KutakRock #EmployeeBenefits #ClassAction

Partner John Schembari will be the featured speaker at the upcoming United Benefit Advisors® (UBA) webinar titled "Section 125 Plans, Qualifying Events, and Special Enrollment Periods" on April 8. He will cover how the IRS regulates employee benefit contribution levels and the timing and choice of enrollment elections. Don't miss out! https://lnkd.in/dStCTaFX #KutakRock #EmployeeBenefits #IRS

CLIENT ALERT: For all of the handwringing and heartburn the Corporate Transparency Act (CTA) has caused to American businesses over the last 14 months, perhaps it is fitting that the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released its anticipated interim rules on the Friday afternoon during the opening weekend of March Madness. Click here for full details: https://lnkd.in/d5xaH7_D #KutakRock #CorporateTransparencyAct #FinCEN 

Media outlets report that the Administration is considering several potential tariff actions on April 2, 2025, which may include reciprocal tariffs based, at least in part, on the tariff charged by each foreign country on similar goods made in the United States. The details are not yet public, but companies with international supply chains should consider a detailed review of the implications of any tariff actions announced on April 2. Learn more: https://lnkd.in/dmTunYSz #Tariffs #InternationalTrade #KutakRock

On April 23, 2024, the Federal Trade Commission (FTC) adopted a rule prohibiting employers from entering into non-competes with their employees. The rule, originally set to take effect on September 4, 2024, was intended to allow job changes for employees without fear of prior employers limiting future job prospects. However, on August 20, 2024, a federal court struck down the FTC rule and issued a nationwide injunction prohibiting its current enforcement. For further details on employee benefit arrangements that commonly utilize non-competes, please refer to our Employee Benefits Newsletter: https://lnkd.in/gbs4iyxy #KutakRock #EmploymentLaw #WorkplacePolicy

On February 7, 2025, the National Institutes of Health (NIH) released a policy update that would significantly reduce the amount of funding that research institutions and universities can receive under their current and future grants with NIH. The proposed 15% cap on indirect Facilities and Administration costs will place widespread and severe strains on research institutions. Kutak Rock is well positioned to help these institutions cope with the proposed caps. Learn more about how we can help: https://lnkd.in/ewqKjBP2 #NIH #ResearchFunding #KutakRock

Kutak Rock’s Jenny Boulton spoke on March 13 at the Benton Economic Partnership, Inc. and Greater St. Cloud Development Corporation “Tax Increment Financing (TIF) and Tax Abatement Financing (Abatement) Training 101” in St. Cloud, MN. Jenny detailed the subject of Implementation of Policy, Application and Administration of TIF and Abatement as tools for economic development, redevelopment and housing development. Learn more about Jenny’s practice: https://lnkd.in/gZrh4DNP #KutakRock #PublicFinance #TaxIncrementFinancing #TaxAbatementFinancing

Kutak Rock extends its congratulations to Omaha public finance partner Michelle Pernicek on her inclusion on the National Association of Women Lawyers 2025 Rising List of early- to mid-career lawyers who either advance women in the profession or advocate for women under the law. In addition to her thriving affordable housing practice, Michelle is a rock star volunteer, regularly provides pro bono legal services, and serves on community boards and firm committees. Congratulations, Michelle! Read more about her here: https://lnkd.in/gnQ2ESqG #KutakRock ##NAWLRisingList #WomenInLaw #NAWL