News
Davenport Evans Announces New Partner Mike Snyder
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce that Michael L. Snyder has become a partner in the firm. Mike Snyder is a litigation attorney at Davenport Evans. Mike’s practice consists primarily of commercial and complex litigation, workers’...
Join the Jan. 7 Chamber Zoom on OSHA Emergency Temporary Standard
On Friday, January 7, from 11-11:45 a.m., the Greater Sioux Falls Chamber of Commerce is hosting a Zoom meeting exclusively for Chamber and Sioux Falls Development Foundation members. Davenport Evans Lawyers Jean Bender and Brooke Schmidt will provide a timely update...
Bank Holding Company Compliance Issues for Community Banking Organizations
Most South Dakota-based community banking organizations include a bank holding company (BHC), perhaps resulting from when the organization made its first acquisition and needed outside financing to get the deal done. Regardless of why the organization chose to create...
The Emergency Temporary Standard that Impacts Many South Dakota Employers
UPDATE: On January 13, 2022, the United States Supreme Court stayed OSHA’s Vaccination or Testing ETS. At this time, covered employers do not need to comply with the ETS’s requirements. The case will now be litigated on the merits before the Sixth Circuit Court of...
OCC Issues Guidance on Payment System Regulation
In October 2021, the OCC released new guidance concerning payment systems. This guidance incorporated new regulations promulgated in December 2020, imposing specific notice requirements on national banks and federal savings associations entering new or modified...
Holiday Service at The Banquet 2021
Davenport Evans lawyers and staff continued the firm’s annual holiday tradition of volunteering at The Banquet, a feeding ministry, in December. Led by former Banquet Board Chair and Davenport Evans lawyer Eric Schulte, the group of volunteers served at The Banquet’s...
2022 Estate Gift Tax Exclusions
The lifetime estate exclusion amount (also sometimes called the estate tax exemption amount, the applicable exclusion amount, or the unified credit amount) has been increased for inflation beginning January 1, 2022. Applicable Exclusion Amount Under the 2010 Tax...
Why Your Bank Must Have a Marijuana Banking Policy
Legalized marijuana is here to stay – in what form and with how much risk is yet to be determined. To assess and control that risk, South Dakota bankers should become familiar with the various new state and local laws and have a clear understanding of the Federal laws...
Podcast – Pandora Papers and South Dakota Trusts: The Rest of the Story
Understanding the impact and vital importance of true and accurate information regarding the recent release of the Pandora Papers, Bridgeford Trust Company – in an effort to tell the rest of the story and clarify the facts – organized and produced this very timely and...
President Biden’s Latest Plan to Vaccinate the Unvaccinated
On September 9, 2021, President Biden announced his six prong COVID-19 initiative to boost vaccinations across the United States. Most notably for employers, the plan affects private employers who have 100 or more employees, as well as government contractors....
Best Lawyers 2022 Business Edition: Litigation Issue
Best Lawyers® has recognized the following Davenport Evans lawyers in their 2022 Business Edition: Litigation Issue. Using information excerpted from the recently released 2022 editions of The Best Lawyers in America® and Best Lawyers: Ones to Watch in America, this...
Subchapter V Bankruptcy: What Have We Learned So Far?
The Small Business Reorganization Act of 2019 (SBRA) went into effect on February 19, 2020. The SBRA created Subchapter V within Chapter 11 of the Bankruptcy Code with the goal of providing “main street” business debtors with a more efficient manner of restructuring...
Non-Compete Agreements Under Fire
In President Biden’s recent Executive Order, he encouraged the Federal Trade Commission (FTC) to limit or ban non-compete agreements. Although President Biden’s Executive Order itself does not create new law, his intent is clear. Whether the FTC can or will act on his...
Davenport Evans Welcomes Kalen N. Frericks
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Kalen N. Frericks, to the firm. A native of Northville, South Dakota, Kalen Frericks joined the firm as an associate attorney in 2021. She was also a summer associate...
Davenport Evans Welcomes Brooke N. Schmidt
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Brooke N. Schmidt, to the firm. A native of Aberdeen, South Dakota, Brooke Schmidt joined the firm as an associate attorney in 2021.Brooke is a graduate of the University...
Best Lawyers® 2022 Recognizes 17 Davenport Evans Lawyers
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 17 Davenport Evans lawyers were listed in Best Lawyers® 2022 for South Dakota, in 24 different practice areas. In addition, three Davenport Evans lawyers were named 2022 Best...
Doug Hajek to Speak on Panel at YPN Crossroads Summit
The Young Professionals Network (YPN) is a program of the Greater Sioux Falls Chamber of Commerce, celebrating nearly 1,000 members, aged 21-39. The annual YPN Crossroads Summit, taking place Thursday, August 12 at the Sioux Falls Convention Center, is one of the...
Larson, Akkerman, Donohue, Prendergast Top-Ranked in 2021 Chambers High Net Worth Guide
Davenport, Evans, Hurwitz & Smith, LLP has received a top ranking in Chambers High Net Worth 2021 in the area of Private Wealth Law. Objective, independent and research-based, the Chambers High Net Worth guide recognized the world’s leading high net worth...
Court Affirms Employer’s Right to Mandate Vaccinations
In the first federal ruling on the issue, a Texas District Court judge recently dismissed a lawsuit brought by employees of Houston Methodist Hospital who opposed the Hospital’s COVID-19 vaccination mandate as a condition of their employment. The Court ruled against...
12 Davenport Evans Lawyers Named by Great Plains Super Lawyers, Three Named “Rising Stars”
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce selection of the following Davenport Evans lawyers to the 2021 edition of Great Plains Super Lawyers. Attorneys selected were ranked in the top 5% of practicing attorneys in South Dakota. Selected to...
New South Dakota Law Prohibits Healthcare Non-Compete Agreements
Healthcare providers and employees should take note of the recent passage of South Dakota House Bill 1154, which becomes effective on July 1, 2021. Davenport Evans lawyer Mike Srstka explains. The new law prohibits the inclusion of non-compete clauses in employment...
Maryland Challenges Third Party Lending Model
The Maryland Commission of Financial Regulation recently filed a “Charge Letter” (a form of an administrative complaint) to commence an administrative action against the Bank of Missouri, Fortiva, and Atlanticus. The Charge Letter asserts that the bank and its...
The ABCs of Risk Management
Banks today face many risks – credit risk, operational risk, liquidity risk – many of which are managed by well-trained individuals specializing in a given area of concern. The same is true of compliance risk, which is generally the responsibility of the bank’s...
Davenport Evans Lawyers Ranked Tier One by Chambers 2021
Lawyers from Davenport, Evans, Hurwitz & Smith LLP in Sioux Falls, SD have again been ranked Tier One by Chambers USA. In South Dakota, rankings are given in five categories: Corporate/Commercial Law, Corporate/Commercial: Bankruptcy/Restructuring, Labor &...