Compliance

  • July 11, 2024

    2nd Circ. Says Unreported Violence Doesn't Doom Asylum Bid

    The Second Circuit on Thursday said the Board of Immigration Appeals must reconsider an asylum bid from a Honduran woman claiming family abuse and rape by a criminal, finding that evidence of the difficulties women face in reporting violence and the government's ineffective response to such reports was ignored.

  • July 11, 2024

    Paxos Says SEC Won't Bring Case Over Binance Stablecoin

    Crypto trust company Paxos said Thursday that the U.S. Securities and Exchange Commission has told the firm it won't face an enforcement action over its issuance of crypto exchange Binance's stablecoin, BUSD.

  • July 11, 2024

    Coca-Cola Faces Revised Suit Over PFAS In Juice Products

    A New York man has hit Coca-Cola and its Simply Orange Juice Co. subsidiary with a revised proposed class action alleging they deceptively market juices as pure, healthy and all-natural when they actually contain harmful, man-made forever chemicals.

  • July 11, 2024

    Low-Speed EV Maker Sues Treasury Over Blocked Tax Credits

    The U.S. Department of the Treasury violated the Administrative Procedure Act when it passed final regulations excluding low-speed vehicles from qualifying for clean vehicle tax credits, a maker of low-speed electric cars told a D.C. federal court.

  • July 11, 2024

    House Vote Fails To Quash Veto Of SEC Crypto Accounting Bill

    The U.S. House on Thursday failed to override President Joe Biden's veto of a bill that sought to roll back controversial crypto accounting guidance from the U.S. Securities and Exchange Commission after Democrats urged members to stick by the president.

  • July 11, 2024

    EPA Grants Petition On Plastic Container PFAS

    The U.S. Environmental Protection Agency on Wednesday granted a petition asking it to address several so-called forever chemicals formed during the fluorination of plastic containers for a variety of household and industrial uses.

  • July 11, 2024

    Wash. Justices Agree To Review State's Pot Co. Wage Suit

    The Washington Supreme Court has agreed to review whether the state labor agency jumped the gun by suing a cannabis company to collect back pay for employees before the agency knew how much money the workers were owed.

  • July 10, 2024

    Nasdaq Says It's Immune To SPAC's 'Racial Animus' Claims

    The Nasdaq Stock Market has asked a Brooklyn federal judge to toss claims it "arbitrarily and capriciously" derailed a minority-led special purpose acquisition company's plans, arguing in a Wednesday filing that it's immune to such claims as a self-regulatory organization.

  • July 10, 2024

    BitMEX Cops To Flouting Anti-Money Laundering Rules

    Offshore crypto derivatives exchange BitMEX pled guilty in New York federal court on Wednesday to a charge alleging it violated the Bank Secrecy Act by knowingly failing to maintain adequate anti-money laundering and customer identification programs, according to the U.S. Attorney's Office for the Southern District of New York.

  • July 10, 2024

    Pledging 'Accountability,' Biden's FDIC Pick Faces Senate Test

    President Joe Biden's nominee to lead the Federal Deposit Insurance Corp. plans to stress her regulatory credentials and determination to fix the agency's troubled work culture when she goes before a U.S. Senate panel on Thursday for a confirmation hearing.

  • July 10, 2024

    Rite Aid, DOJ Craft $410M Settlement Of Opioid Sale Claims

    Rite Aid agreed to a nearly $410 million settlement with the U.S. Department of Justice, the bulk of which will be an unsecured claim in the company's Chapter 11 case, that will put to bed allegations the pharmacy chain dispensed opioids illegally, the DOJ announced Wednesday.

  • July 10, 2024

    CFTC Says Internal Criticism 'Not Relevant' To Sanctions Bid

    The U.S. Commodity Futures Trading Commission says that criticism leveled against it by one of its own members is "not relevant" to the agency's case against a foreign exchange firm accused of a $300 million fraud and has asked a New Jersey federal court not to consider the comments in deciding whether to issue sanctions against the regulator.

  • July 10, 2024

    SEC Exchange Plan Can't Stand Post-Chevron, Uniswap Says

    Decentralized finance firm Uniswap Labs is urging the U.S. Securities and Exchange Commission not to adopt a rule that could force it and other cryptocurrency trading platforms to register with the agency as securities exchanges, saying the rule will not survive a legal challenge now that the U.S. Supreme Court has overturned Chevron deference. 

  • July 10, 2024

    FCC Says Nearly Half 'Rip And Replace' Providers Can't Finish

    The Federal Communications Commission said the agency is going to need another $3 billion if it's to keep its promise to reimburse all the companies who agreed to rip out and replace their Chinese-made technology to alleviate security concerns.

  • July 10, 2024

    Energy Cos., States Seek Review Of Calif. Emissions Decision

    Industry groups and a coalition of states led by Ohio are asking the U.S. Supreme Court to review a D.C. Circuit ruling upholding the U.S. Environmental Protection Agency's approval of a waiver letting California set greenhouse gas emissions standards for vehicles and run a zero-emission vehicles program.

  • July 10, 2024

    FTC Must Think Hard Before Trying More Rules, Commish Says

    One of the Federal Trade Commission's recently confirmed Republican commissioners called on the agency Wednesday to take a close look at how courts handle its ban on employment noncompete clauses before considering any further attempts at pushing the bounds of its regulatory authority.

  • July 10, 2024

    SpaceX Anti-NLRB Crusade Advances As Judge Grants Block

    A Texas federal judge on Wednesday blocked a National Labor Relations Board suit accusing SpaceX of suppressing workers' rights while he weighs the rocket maker's claims that the prosecution is unconstitutional, according to a docket notice.

  • July 10, 2024

    Proof Of Ozy Media CEO's Fraud Is Overwhelming, Jury Told

    A New York federal prosecutor on Wednesday told the jury weighing the fate of Carlos Watson that the evidence presented at trial clearly shows that the former Ozy Media CEO was at the helm of a scheme to deceive investors into backing the struggling news and entertainment startup, by falsely inflating its financials and lying about the company's prospects in order to keep it afloat.

  • July 10, 2024

    FCC To Fine Telecom Involved In Universal Service Challenge

    The Federal Communications Commission is moving forward with a $100,000 fine against an Ohio-based telecommunications company over late paperwork with the Universal Service Administration.

  • July 10, 2024

    Citi Fined $136M As OCC, Fed Cite Slow Remedial Progress

    The Office of the Comptroller of the Currency and the Federal Reserve on Wednesday leveled nearly $136 million in penalties against Citigroup Inc. and its national bank subsidiary Citibank for failing to meet risk management remediation milestones laid out in 2020 consent orders with the regulators.

  • July 10, 2024

    House GOP Demands Info On BEAD 'Rate Regulation'

    Congressional Republicans called on a top U.S. Department of Commerce official to release all communications with state agencies in charge of distributing federal broadband grants to see if the agencies were pressured into regulating rates.

  • July 10, 2024

    'Wrong In Every Way': 11th Circ. Judges Rip VRA Ruling

    A trio of Eleventh Circuit judges castigated their colleagues Wednesday for refusing to revisit a decision upholding an allegedly discriminatory Georgia electoral system, charging that their "novel, dramatic, and wrong" conclusions have made Section 2 of the Voting Rights Act "a dead letter" within the circuit.

  • July 10, 2024

    3rd Circ. Questions Authority Of Fish Management Councils

    The Third Circuit on Wednesday grappled with whether the "Fishery Management Councils" that set plans and limits for ocean fisheries are merely advisers to the commerce secretary or if they're empowered enough for their members to be subject to Senate confirmation, with one judge suggesting that the panels are essentially "toothless."

  • July 10, 2024

    Deutsche Bank Settles Ex-Trader's Malicious Prosecution Suit

    Deutsche Bank has settled a lawsuit brought by a former trader who claimed the bank scapegoated him when the U.S. Department of Justice began an investigation into suspected interest rate rigging, according to a Wednesday filing in New York federal court.

  • July 10, 2024

    Mont. High Court Weighs Youths' Right To Sue In Climate Case

    The Montana Supreme Court on Wednesday wrestled with whether to revive state law provisions that bar the consideration of greenhouse gas emissions in permitting decisions that were struck down by a lower court judge, querying both sides whether the youth plaintiffs had standing to sue.

Expert Analysis

  • Top 5 Issues For Employers To Audit Midyear

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    Six months into 2024, developments from federal courts and regulatory agencies should prompt employers to reflect on their progress regarding artificial intelligence, noncompetes, diversity initiatives, religious accommodation and more, say Allegra Lawrence-Hardy and Lisa Haldar at Lawrence & Bundy.

  • Gov't Contractors Shouldn't Skip Steps In Rush To Adopt AI

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    Government contractors that may be tempted to deploy artificial intelligence in day-to-day operations like billing and data protection should first take time to consider and address the specific risks that come with using AI tools, say attorneys at Wiley.

  • 6 Tips For Maximizing After-Tax Returns In Private M&A Deals

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    With potential tax legislation likely to spur a surge in private business sales, sellers can make the most of after-tax proceeds with strategies that include price allocation and qualified investment options, say Isaac Grossman and Daniel Studin at Morrison Cohen.

  • After A Brief Hiccup, The 'Rocket Docket' Soars Back To No. 1

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    The Eastern District of Virginia’s precipitous 2022 fall from its storied rocket docket status appears to have been a temporary aberration, as recent statistics reveal that the court is once again back on top as the fastest federal civil trial court in the nation, says Robert Tata at Hunton.

  • Takeaways From Regulators' £61.6M Citigroup Trading Fine

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    Following the Financial Conduct Authority and Prudential Regulation Authority’s recent significant fining of Citigroup for its catastrophic trading error, and with more enforcement likely, institutions should update their controls and ensure system warnings do not become routine and therefore disregarded, says Abdulali Jiwaji at Signature Litigation.

  • Big Banks Face Potential Broader Recovery Plan Rules

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    The Office of the Comptroller of the Currency's recent call for potentially subjecting more banks to recovery planning standards would represent a significant expansion of the scope of the recovery guidelines, and banks that would be affected should assess whether they’re prepared, say attorneys at Debevoise.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • New Laws, Regs Mean More Scrutiny Of Airline Carbon Claims

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    Recent climate disclosure laws and regulations in the U.S. and Europe mean that scrutiny of airlines' green claims will likely continue to intensify — so carriers must make sure their efforts to reduce carbon emissions through use of sustainable aviation fuel, hydrogen and carbon offsets measure up to their marketing, say attorneys at Morgan Lewis.

  • Recruitment Trends In Emerging Law Firm Frontiers

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    BigLaw firms are facing local recruitment challenges as they increasingly establish offices in cities outside of the major legal hubs, requiring them to weigh various strategies for attracting talent that present different risks and benefits, says Tom Hanlon at Buchanan Law.

  • How Uyghur Forced Labor Law Affects Importing Companies

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    Amid a growing focus on forced labor in supply chains and a likely increase in enforcement under the Uyghur Forced Labor Prevention Act, companies may face costly import delays unless they develop and implement compliance best practices, say Thad McBride and Lauren Gammer at Bass Berry.

  • Series

    Glassblowing Makes Me A Better Lawyer

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    I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

  • Careful Data Governance Is A Must Amid Enforcement Focus

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    Federal and state regulators' heightened focus on privacy enforcement, including the Federal Trade Commission's recent guidance on consumer protection in the car industry, highlight the importance of proactive risk management, compliance and data governance, say Jason Priebe and Danny Riley at Seyfarth.

  • What DOL Fiduciary Rule Means For Private Fund Managers

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    Attorneys at Ropes & Gray discuss how the U.S. Department of Labor's recently released final fiduciary rule, which revises the agency's 1975 regulation, could potentially cause private fund managers' current marketing practices and communications to be considered fiduciary advice, and therefore subject them to strict prohibitions.

  • Best Practices For Chemical Transparency In Supply Chains

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    A flurry of new and forthcoming regulations in different jurisdictions that require disclosure of potentially hazardous substances used in companies' products and processes will require businesses to take proactive steps to build chemical transparency into their supply chains, and engage robustly and systematically with vendors, says Jillian Stacy at Enhesa.

  • 5 Critical Factors Driving Settlement Values In Cyber Litigation

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    Recent ransomware incidents and their legal repercussions offer five valuable insights into the determinants of settlement values in cyberattack-related litigation, and understanding these trends and their implications can better prepare organizations for the potential legal fallout from future breaches, says Peter Kamminga at JAMS.

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