For companies assessing their compliance obligations under California’s climate disclosure laws, the whirlwind of legal developments, shifting implementation guidance from the California Air Resources Board (CARB), and uncertainty about the laws’ applicability and substantive compliance obligations continues to present challenges.
On November 20, 2025, the U.S. Securities and Exchange Commission issued a brief announcement that it filed a joint stipulation with defendants SolarWinds Corporation and its Chief Information Security Officer to dismiss, with prejudice, the SEC’s ongoing civil enforcement action against them.
On November 17, 2025, the Federal Trade Commission announced that Commissioner Melissa Holyoak has resigned her post, bringing the total number of vacant commissioner seats to three.
The North Carolina business court recently handed a win to policyholders in a COVID-19 business interruption lawsuit arising from the pandemic-related closure of Tanger outlet centers across the country. Tanger Props. Ltd. P’ship v. ACE Am. Ins. Co., 2025 NCBC 66 (Oct. 27, 2025). Tanger’s insurers moved to dismiss the lawsuit on the basis that the insurance policies are governed by Georgia law, not North Carolina law, where the Supreme Court has held that all-risk policies must cover loss resulting from COVID-19 interruptions. Unpersuaded by the insurers, the court denied the motion finding that Tanger established a sufficiently close connection to North Carolina law.
On November 20, 2025, the U.S. Environmental Protection Agency and U.S. Department of the Army issued a notice of a proposed rulemaking to update the definition of “waters of the United States” under the Clean Water Act for consistency with the US Supreme Court’s 2023 decision in Sackett v. Environmental Protection Agency and to clarify key terms for implementation.
