Court Rejects California Franchise Tax Board’s Demurrer in Complaint Case; Clears Path For ACMA to Gain Decision on Merits

The Postal Regulatory Commission today announced that effective immediately, Vice Chairwoman Ashley E. Poling will assume the administrative responsibilities of the agency under 39 CFR 3000.110(b) which states, “…In case of a vacancy in the Office of the Chairman of the Commission, or in the absence or inability of the Chairman to serve, the Vice Chairman, unless otherwise directed by the Chairman, shall have the administrative responsibilities and duties of the Chairman during the period of vacancy, absence, or inability.” Michael M. Kubayanda’s term as Commissioner expired 1 year ago, on November 22, 2020. A Commissioner may continue to serve after the expiration of his or her term until a successor is confirmed, except that a Commissioner may not continue to serve for more than 1 year after the date of expiration, a period commonly known as the “holdover year.” President Joseph R. Biden, Jr. designated Commissioner Kubayanda Chairman of the Commission in January 2021, and he continued to serve in that position until his holdover year ended on November 22, 2021. He is awaiting confirmation by the U.S. Senate after being re-nominated by President Biden.

Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today issued the following statement: The Kohl's Board of Directors (the Board) has determined, following a review with its independent financial advisors and upon the recommendation of its Finance Committee, that the valuations indicated in the current expressions of interest which it has received do not adequately reflect the Company’s value in light of its future growth and cash flow generation. The Board is committed to maximizing the long-term value of the Company and will review and pursue opportunities that it believes would credibly lead to value consistent with its performance and future opportunities. The Board has designated its Finance Committee to lead the ongoing review of any expressions of interest. The Finance Committee, which was formed pursuant to the 2021 settlement agreement with Macellum Advisors GP, LLC and other shareholders, is comprised exclusively of independent directors. The Company and the Board have also engaged financial advisors, including Goldman Sachs and PJT Partners, and have asked Goldman Sachs to engage with interested parties.

The Association of American Publishers today filed reply comments in the U.S. Copyright Office inquiry into the intersection of copyright law and artificial intelligence (AI) in response to flawed and inaccurate assertions submitted by some tech companies and/or their investors in the first comment round including tired assertions that the rights of authors and publishers are an obstacle to innovation. AAP filed a lengthy submission that includes a multitude of points, including: *Big tech petitions the government “for cover from liability for their calculated disregard of authorship, also ignoring that rights holders today already routinely license their works for all kinds of digital uses.” *“Rather than working with copyright owners, these companies seek to appropriate literature and other invaluable intellectual property for their own commercial gain, and to bend the law to their will."