The National Law Forum

The Blog of the The National Law Review

Category Archives: Financial Services Law

Update on USCIS Processing Time for I-526, I-829 and I-924 Petitions

On July 17, 2014, USCIS released updated processing times for EB-5 related petitions. The following chart provides the average processing times for cases being adjudicated by the Immigrant Investor Program Office (IPO), as May 31, 2014: Form Processing Timeframe as of May 31, 2014 I-526, Immigrant Petition by Alien Entrepreneur 13.2 months I-829, Petition by Entrepreneur to Remove Conditions 7.9 …

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The Supreme Court of the United States Holds that ESOP Fiduciaries are not Entitled to a Presumption of Prudence, Clarifies Standards for Stock Drop Claims

On June 25, 2014, the Supreme Court of the United States unanimously held that there is no special presumption of prudence for fiduciaries of employee stock ownership plans (“ESOPs”). Fifth Third Bancorp v. Dudenhoeffer, No. 12-751, 573 U.S. ___ (June 25, 2014) (slip op.). Background The Employee Retirement Income Security Act of 1974, as amended (“ERISA”) imposes legal …

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