South Carolina Attorney General’s Office: Consumer Protection in South Carolina and IRS Regulations Affecting Consumer Protection Settlements

Please join us for a webinar featuring special guest speakers South Carolina Attorney General Alan Wilson and Assistant Deputy of the Consumer Protection Division Jared Libet, as they join Kelley Drye State Attorneys General Practice Chair Paul Singer, Special Counsel Abby Stempson, Special Counsel Beth Chun, and Associate Andrea deLorimier.

General Wilson and Mr. Libet will share insights into current consumer protection priorities and discuss South Carolina consumer protection law. 

The webinar will also feature a discussion of IRS regulations affecting consumer protection settlements. In 2021, the IRS promulgated regulations with substantial implications for consumer protection settlements involving state attorneys general or other governmental entities. With a few years of implementation now behind us, this session offers a timely opportunity to assess how these regulations have influenced the handling of consumer settlements. Mr. Libet will provide a thorough analysis of the regulations, emphasizing their impact on the tax treatment of settlement payments. The presentation will also address the reporting obligations of attorneys general and other governmental entities, and outline key considerations for businesses negotiating consumer protection settlements with an attorney general’s office. 

To view the Zoom recording, click here.

To view the slide deck, click here.

Kelley Drye is an accredited provider of CA, IL, NY, and TX CLE. This continuing legal education program has been approved for 1.0 New York transitional Professional Practice credit and 1.0 General credit for California, Illinois, and Texas. New York credit can be applied reciprocally to New Jersey requirements and Connecticut requirements. We will apply for CLE credit in other jurisdictions, upon request, but cannot guarantee approval.