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District Court vs. PTAB: Strategic Forum Selection in Life Sciences Patent Disputes
December 10, 2026 | 12:00 PM – 1:00 PM ET
Regulatory Oversight Blog
Make sure to visit Troutman Pepper Locke’s Regulatory Oversight blog to receive the most up-to-date information on regulatory actions and subscribe to our mailing list to receive a monthly digest.
Regulatory Oversight will provide in-depth analysis into regulatory actions by various state and federal authorities, including state attorneys general and other state administrative agencies, the Consumer Financial Protection Bureau (CFPB), and the Federal Trade Commission (FTC). Contributors to the blog will include attorneys with multiple specialties, including regulatory enforcement, litigation, and compliance.
In This Issue:
Troutman Pepper Locke Spotlight
Troutman Pepper Locke Earns Dual Band 1 Chambers Rankings Across Regulatory Capabilities
By Troutman Pepper Locke State Attorneys General Team
Chambers and Partners has spoken — and Troutman Pepper Locke’s regulatory capabilities have earned the profession’s most respected recognition. In the 2026 Chambers USA guide, the firm received Band 1 Nationwide rankings, the highest available, in both its State Attorneys General and Consumer Financial Services practices. The firm has also earned national recognition in both the Consumer Finance Enforcement + Investigations and Consumer Finance Litigation categories.
Troutman Pepper Locke’s Ashley Taylor Named to Hall of Fame by Virginia Lawyers Weekly
Troutman Pepper Locke vice chair and co-leader of the firm’s nationally ranked State Attorneys General Practice, Ashley L. Taylor, Jr., has been named to the Virginia Lawyers Hall of Fame by Virginia Lawyers Weekly, recognizing his outstanding career, leadership, and lasting impact on the legal profession in Virginia and beyond.
Regulatory Oversight Podcast Updates
Back to Basics: Inside the SEC’s New Enforcement Priorities
By Stephen C. Piepgrass, Jay Dubow, and Ghillaine Reid
In this episode of Regulatory Oversight, co-host Stephen Piepgrass sits down with Jay Dubow and Ghillaine Reid, co-leaders of the firm’s Securities Investigation + Enforcement practice, to explore how the SEC’s enforcement agenda is evolving under Chairman Paul Atkins and what that means for public companies, financial institutions, and their executives.
AI State Regulatory Frontiers: Emerging Issues on AI, Privilege, and Work Product in Legal Practice
By Ashley L. Taylor, Jr., Gene Fishel, and Daniel Waltz
In this episode of Regulatory Oversight‘s “AI State Regulatory Frontiers” series, co-host Ashley Taylor is joined by colleagues Gene Fishel and Dan Waltz to examine how AI is reshaping expectations for attorneys, clients, and regulators.
Payments Pros Podcast Update
Regulating Prediction Markets: Federal Oversight, State Authority, and the Road Ahead
By Keith J. Barnett and Stephen C. Piepgrass
In this crossover episode of Payments Pros and Regulatory Oversight, Stephen Piepgrass and Keith Barnett provide an update on the fast-developing prediction markets landscape. They discuss how federal and state regulators are responding to the growth of event contracts and the legal questions surrounding this emerging market.
SEC Updates
US Supreme Court Holds SEC Need Not Prove Investor Loss to Obtain Disgorgement
By Jay Dubow and Ghillaine Reid
The U.S. Supreme Court in Sripetch v. SEC held that the SEC may obtain disgorgement of a violator’s net profits without proving that investors suffered pecuniary loss. The Court grounded its holding in traditional equitable restitution principles, distinguishing legal damages measured by investor loss from equitable disgorgement focused on the defendant’s unjust gains.
Federal Enforcement
Eighth Circuit’s Pragmatic Approach to Final Agency Action Approves Challenges to NHTSA’s Informal Agency Letters: The Trend Permitting Pre-Enforcement Review Continues
By Jeff Johnson
On May 18, the Eighth Circuit held that NHTSA’s informal letters determining that certain aftermarket products violate Federal Motor Vehicle Safety Standard 108 constitute final agency action reviewable under the Administrative Procedure Act (APA).
Privacy + Data Updates
New York Passes One Fair Price Act Banning Surveillance Pricing
By Troutman Pepper Locke State Attorneys General Team
On June 10, 2026, the New York State Legislature passed the One Fair Price Act (S.8623B/A.9349B), first-in-the-nation legislation that bans surveillance pricing. Championed by New York Attorney General (AG) Letitia James, the bill now heads to Governor Kathy Hochul for signature.
New Jersey’s Proposed Data Privacy Regulations Have Expired
By Matthew Berns, Kim Phan, and Angelo A. Stio III
Regulations proposed in June 2025 to implement the New Jersey Data Privacy Law expired on June 2, 2026, when the regulations were not adopted within a year of the proposal. The path forward for future rulemaking to implement the law is uncertain.
Advertising + Marketing Updates
Companies Doing Business in Louisiana Must Prepare for New ‘Click-to-Cancel Act’
By Troutman Pepper Locke State Attorneys General Team
Signed into law on June 9, 2026, Louisiana’s Click-to-Cancel Act imposes new auto-renewal disclosure, consent, and cancellation requirements on businesses, with compliance required by January 1, 2027.
18 State AGs Settle COVID-19 Test Pricing Multistate Investigation Into Testing Lab
By Troutman Pepper Locke State Attorneys General Team
On June 10, 2026, a coalition of 18 state attorneys general entered into a $4.88 million settlement with GS Labs, LLC, resolving claims that the now-defunct testing company overcharged consumers for COVID-19 tests and engaged in deceptive advertising practices during the pandemic.
Texas AG Opens Investigation Into Celsius Over Youth Marketing and Caffeine Risks
By Troutman Pepper Locke State Attorneys General Team
On June 4, 2026, Texas Attorney General (AG) Ken Paxton announced an investigation into Celsius Holdings, Inc. (Celsius) regarding the marketing of its Alani Nu energy drinks and whether the company misrepresents their safety to teens and children, in violation of the Texas Deceptive Trade Practices Act (DTPA).
Consumer Protection Updates
Pennsylvania AG Reaches $1M Settlement With Dental Group Over Alleged Deceptive Practices Targeting Elderly Patients
By Troutman Pepper Locke State Attorneys General Team
On June 18, 2026, Pennsylvania Attorney General (AG) Dave Sunday announced a settlement with Infinity Dental Management, LLC, which operated as Alpha Dental Excellence, a southeastern Pennsylvania-based dental group, as well as a related entity and the company’s owner, over alleged deceptive sales practices involving elderly and low-income patients.
Another Alternative Retail Electric Supplier Enforcement Action Settles in Illinois
By Troutman Pepper Locke State Attorneys General Team
On June 4, 2026, Illinois Attorney General (AG) Kwame Raoul announced a settlement with Rushmore Energy, LLC (Rushmore), resolving allegations that the company violated the Illinois Consumer Fraud and Deceptive Business Practices Act. In addition to a $500,000 monetary payment, the consent order requires the company to suspend marketing activities and impose training policies and procedures.
Other State AG Updates
17-State Coalition Sues California Over Plastics Packaging Law
By Troutman Pepper Locke State Attorneys General Team
Earlier this month, a coalition of 17 state attorneys general (AG) and the National Association of Wholesaler-Distributors filed a federal lawsuit challenging California’s Plastic Pollution Prevention and Packaging Producer Responsibility Act, known as SB 54 or the Plastics Act. The complaint was filed in the U.S. District Court for the Eastern District of California.
Illinois AG Sues Chemical Manufacturer Over Alleged Environmental Violations
By Troutman Pepper Locke State Attorneys General Team
On June 18, 2026, Illinois Attorney General (AG) Kwame Raoul announced a lawsuit against Koppers Inc. and Koppers Carbon Materials LLC (collectively, Koppers) over alleged continued environmental pollution and human health violations stemming from Koppers’ chemical manufacturing facility in Stickney, IL.
Andy Wilson Appointed as Ohio AG
By Troutman Pepper Locke State Attorneys General Team
On June 8, Andy Wilson began serving as Ohio’s 52nd attorney general (AG), following his appointment by Governor Mike DeWine to serve the remainder of former AG Dave Yost’s term. His selection comes after Yost resigned to join the Alliance Defending Freedom as its vice president of strategic research and innovation.
Stephanie Kozol, Senior Government Relations Manager – State Attorneys General, also contributed to this newsletter.
Our Cannabis Practice provides advice on issues related to applicable federal and state law. Cannabis remains a controlled substance under federal law.
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Speaking Engagements
Performance on Trial: The Construction Manager’s Standard of Care Examined from All Angles
December 2, 2026 | 4:15 PM – 5:30 PM ET
The Hyatt Regency Huntington Beach
Huntington Beach, CA
Speaking Engagements
ACI’s 31st Annual Conference on Drug & Medical Device Litigation – 2026
December 2 – 3, 2026
New York Marriott Marquis
1535 Broadway, New York, NY 10036
Speaking Engagements
Fundamentals of Investment Adviser Regulation 2026
November 19, 2026 | 2:30 PM – 3:30 PM ET
PLI New York
1177 Avenue of the Americas, Entrance on 45th Street, New York, NY 10036