On May 19, 2026, President Donald Trump issued Executive Order No. 14406 (“Restoring Integrity to America’s Financial System”), which is likely to impact access to financial services for employees who are not U.S. citizens. Quick Hits On May 19, 2026, President Trump issued an executive order calling for stricter due diligence requirements when financial institutions vet customer applications. The executive order requires banks and financial services companies to treat customers’ immigration status as a factor in evaluating potential financial risk. ...

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Ownership, Authorship, Inventorship and Piano Rolls - The Intersection of Artificial Intelligence and Innovation So, lines and lines and lines of code are being created by AI, solving problem after problem, but who owns it? In fact, does anyone own what artificial intelligence is generating, creating, or inventing? The AI explosion has raised the rather urgent question of who (if anyone, or anything), legally, owns AI generated output. From recent statements of policy and case law emerging from the Courts, the USPTO...

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The widespread reliance on email has made it a prime target for cybercriminals. Over the past few years, a form of cyberattack known as business email compromise (BEC) has escalated in frequency and impact, causing significant financial and reputational damage to victim companies.  What is business email compromise? BEC is an email-based fraud scheme that often unfolds over several weeks or months. Cybercriminals target businesses by infiltrating or mimicking employee email accounts to pose as a known contact or existing...

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Highlights The memo characterizes Adjustment of Status as discretionary, not routine. Satisfying every statutory eligibility requirement does not entitle an applicant to approval. Consular processing is now treated as the default pathway. The memo positions consular processing as the norm and Adjustment of Status as the exception as United States Citizenship and Immigration Services (USCIS) characterizes this approach as more consistent with Congress’s intent. Absence of negative factors is insufficient to adjudicate. Applicants may need to affirmatively demonstrate positive factors such as...

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Last week, core Personal Consumption Expenditure inflation ticked up again, while higher energy costs added pressure to headline inflation. The reading comes in Kevin Warsh's first weeks as Fed chair, with a softer labor market and firm inflation pulling the policy outlook in opposite directions. Here are three things to watch for this week. The Jobs Data The Job Openings and Labor Turnover Survey on Tuesday and the May employment report on Friday give the week's read on a low-hire, low-fire...

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USCIS has announced a new policy that may make Adjustment of Status cases more difficult. Adjustment of Status is the process that allows certain individuals already in the United States to apply for a green card without leaving the country for consular processing. Under the new guidance, USCIS is treating Adjustment of Status as an extraordinary discretionary benefit. This means officers may take a closer look at whether an applicant should be allowed to complete the green card process from...

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AI systems pose distinct challenges for pleading and responding to trade secret misappropriation claims. Their models and code are complex, adaptive, and often opaque. Courts, however, increasingly require plaintiffs to identify secrets with specificity to survive motions to dismiss. Industry participants need to clearly understand where the lines are drawn to avoid, assert, and respond to claims related to AI trade secret theft. AI trade secret allegations have begun to play a role in commercial trade secret disputes. In AlphaSense v....

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