Compliance

  • November 22, 2024

    Adviser Charged With $2.1M Sports Star Investment Fraud

    A Florida investment adviser has been hit with civil and criminal charges in New York alleging he defrauded private lenders and borrowers out of $2.1 million in a scheme in which he lied to private lenders about the creditworthiness of borrowers, often professional athletes and sports agents.

  • November 22, 2024

    High Court Quietly Pulls Meta Case Without A Ruling

    The U.S. Supreme Court on Friday set aside a Meta Platforms Inc. case that sought to narrow the types of risk disclosures corporations need to make to investors, saying that the court shouldn't have taken up the case in the first place.

  • November 21, 2024

    Snap Moves To Toss New Mexico's Child 'Sextortion' Suit

    Snap Inc. has moved to toss New Mexico's lawsuit accusing it of enabling child sexual exploitation on its instant messaging app, Snapchat, telling a New Mexico state court that the state's attorney general lodged a "sensationalist" lawsuit rife with patently false allegations.

  • November 21, 2024

    FDIC's 'Hot Money' Revamp Gets Bank, Fintech Cold Shoulder

    Banking and fintech lobbyists are calling on the Federal Deposit Insurance Corp. to scrap its proposal to overhaul rules on brokered deposits, also known as "hot money," arguing the effort represents a step backward for the industry that would raise costs for everyone.

  • November 21, 2024

    DOJ Fights High Court Review Of Kickback Law, Jury's Role

    The U.S. Supreme Court need not review a Fifth Circuit decision upholding the convictions of three healthcare professionals accused of taking part in a $40 million kickback scheme, the federal government has told the justices in a brief.

  • November 21, 2024

    Vt. Telecom Hints DOJ Protected Biden Ally In Dish FCA Suit

    A Vermont telecom all but accused the Department of Justice of undercutting the company's False Claims Act suit alleging fraudulent Dish Network spectrum bidding in order to protect a major donor to President Joe Biden, arguing Thursday that its suit should go forth even without the government's blessing.

  • November 21, 2024

    SEC Denied Civil Penalties Over Pot Pill Exec's 'Inexperience'

    The SEC will score $86,000 in disgorgement and interest from a former executive of C3 International Inc. for falsely claiming the company's cannabis pill was projected to generate millions of dollars in revenue, but the court found the defendant's conduct did not warrant the civil penalty the agency requested.

  • November 21, 2024

    Social Media MDL Judge Rips State Attys Defying Orders

    A California federal magistrate judge overseeing discovery in multidistrict litigation over social media platforms' allegedly addictive designs on Thursday ordered states to provide the names and state bar numbers of agency counsel who have refused to comply with discovery orders, threatening sanctions and asking, "What happened to the rule of law?"

  • November 21, 2024

    Wash. Justices Unsure CARES Act Protects Violent Tenants

    Two Washington Supreme Court justices on Thursday seemed to doubt whether the CARES Act blocked landlords from quickly evicting violent tenants, as opposed to just those behind on rent, a question that resulted in opposing opinions from two lower appellate panels.

  • November 21, 2024

    FERC Heeds States' Worries With Grid Planning Policy Rewrite

    The Federal Energy Regulatory Commission on Thursday approved changes to its sweeping revision of its regional transmission planning policies, and a heftier role for states in the planning process was enough to assuage the concerns of a commissioner who dissented from the original rule.

  • November 21, 2024

    FCC To Hit Video Doorbell Maker For Skirting Security Rules

    The Federal Communications Commission wants to slap Chinese smart home device maker Eken with a more than $700,000 fine for breaking agency rules that require foreign companies to have an agent located in the U.S.

  • November 21, 2024

    Fed's Bowman Sees The Bright Side In Chevron's Demise

    Federal Reserve Gov. Michelle Bowman, a Republican seen as a potential Trump administration contender for the central bank's top supervision job, chided the regulatory response to last year's regional bank failures and said the U.S. Supreme Court's Loper Bright decision could "transform agency rulemakings positively."

  • November 21, 2024

    Fuel Economy Regs Are Unlawful Path To EVs, 6th Circ. Told

    Republican-led states and fuel industry groups have told the Sixth Circuit that the U.S. Department of Transportation overstepped with new vehicle fuel-economy standards that amount to an unlawful electric vehicles mandate, while environmental groups say the standards don't go far enough to meaningfully combat climate change.

  • November 21, 2024

    DC Circ. Judges Disagree On Standing In Drilling Permit Suit

    The judges of the D.C. Circuit stepped on each other's toes Thursday during oral arguments over a challenge to the approvals of thousands of drilling permits in New Mexico and Wyoming, appearing to be at odds over whether the environmental groups' stance on standing had legs.

  • November 21, 2024

    SEC Seeks More Data On Nasdaq Plan To Speed Up Delistings

    The U.S. Securities and Exchange Commission has postponed deciding on a Nasdaq proposal that would accelerate delistings of companies with low-priced stocks that take extended time to regain compliance or rely on reverse-stock splits to elevate their share prices, saying more data is needed before it takes action.

  • November 21, 2024

    Key Informant Who Recorded Madigan Takes The Stand

    A former Chicago alderman who prosecutors have deemed one of their "most significant cooperators in the last several decades" took the stand Thursday afternoon and began what is expected to be multiple days of testimony in the racketeering trial of ex-Illinois House Speaker Michael Madigan, whom he secretly recorded while working with the government.

  • November 21, 2024

    Tempur Gave UK Co. 'Total Autonomy' Post-Merger, CEO Says

    The CEO of a United Kingdom-based mattress company acquired by Tempur Sealy in 2021 told a Houston federal judge Thursday that his new parent company has provided him "total autonomy" since the acquisition.

  • November 21, 2024

    Ariz. AG Offers $6M To Aid Victims Of Sober Living Scam

    Arizona Attorney General Kris Mayes says the state is offering $6 million in grant funding to tribal nations impacted by a sober home living scam that's estimated to have racked up an estimated $2 billion in fraudulent billing and potentially victimized thousands of Native Americans.

  • November 21, 2024

    FCC Targets Spoofing Scams With Third-Party Caller ID Regs

    In hopes of better combating spoofed robocalls, the Federal Communications Commission on Thursday required telecoms to meet certain legal obligations when hiring third parties to verify caller ID data using a widely accepted technical standard.

  • November 21, 2024

    EPA Beats Calif. Suit Over Pesticide-Coated Seed Exemption

    A California federal judge threw out public safety groups' lawsuit alleging the U.S. Environmental Protection Agency provided pesticide-coated crop seeds an illegal loophole from regulation, finding the agency made a fair and considered judgment when it said the seeds are exempted from registration. 

  • November 21, 2024

    DOJ Search Fixes Would Remake Google, Break Off Chrome

    To give rival search engines a fighting chance against Google's illegal monopoly and its massive data and structural advantages, the Justice Department asked a D.C. federal judge Wednesday for sweeping changes that would divest the Chrome browser, open up Android devices and guarantee access to underlying search data.

  • November 21, 2024

    Trump Selects Ex-Fla. AG Pam Bondi As New AG Pick

    President-elect Donald Trump announced Thursday that he has selected Pam Bondi, a former attorney general of Florida, as his new pick for U.S. attorney general, just hours after former U.S. Rep. Matt Gaetz withdrew his name from consideration amid allegations of sexual misconduct and drug use.

  • November 21, 2024

    EPA Floats New Draft Framework On Cumulative Impacts

    The U.S. Environmental Protection Agency on Thursday further fleshed out exactly what it means when it tells its employees to consider the "cumulative impacts" of pollution on particular communities.

  • November 21, 2024

    DOL Issues Guidance To Curb Harassment In Construction

    The U.S. Department of Labor announced Thursday that it has released a new guide to help federal contractors in the construction industry tamp down on harassment, becoming the latest federal anti-discrimination agency during President Joe Biden's administration to draw attention to the issue.

  • November 21, 2024

    Unions, ACLU Throw Weight Behind EEOC Bostock Guidance

    The AFL-CIO, SEIU, American Civil Liberties Union, and several business groups and nonprofits have urged a Texas federal court not to scrap U.S. Equal Employment Opportunity Commission guidance interpreting the U.S. Supreme Court's Bostock decision, arguing the guidelines provide critical advice on preventing workplace harassment.

Expert Analysis

  • Empathy In Mediation Offers A Soft Landing For Disputes

    Author Photo

    Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers.

  • A Look At The Increased Scrutiny Of Cash Sweep Programs

    Author Photo

    Financial industry regulators have increasingly probed the adequacy of so-called cash sweep disclosures and policies, underscoring the heightened risk faced by investment advisers and broker-dealers, as well as the importance of adequately disclosing material conflicts of interest, say attorneys at Dechert.

  • Series

    Being An Artist Makes Me A Better Lawyer

    Author Photo

    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • How Judiciary Can Minimize AI Risks In Secondary Sources

    Author Photo

    Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.

  • Bitnomial Suit Highlights Crypto Turf War Between SEC, CFTC

    Author Photo

    An outcome favoring Bitnomial in its recent lawsuit against the U.S. Securities and Exchange Commission could reinforce the U.S. Commodity Futures Trading Commission's authority and limit the SEC's reach in the crypto arena, illustrating the need for Congress to delineate boundaries between the agencies, says Tonya Evans at Penn State Dickinson Law.

  • False Patent Marking Claims Find New Home In Lanham Act

    Author Photo

    While the Patent Act may have closed the courthouse doors for many false patent marking claims, the Federal Circuit, in its recent decision in Crocs v. Effervescent, may be opening a window to these types of claims under the Lanham Act, says John Cordani at Robinson & Cole.

  • Jarkesy May Short-Circuit FERC Enforcement Cases

    Author Photo

    As a result of the U.S. Supreme Court's June decision in U.S. Securities and Exchange Commission v. Jarkesy, the Federal Energy Regulatory Commission recently suspended an enforcement proceeding under the Natural Gas Act — and the commission's customary use of administrative hearings in such proceedings could face major changes, say attorneys at Willkie.

  • Digging Into CFPB's Overdraft Fee Consent Guidance

    Author Photo

    Although a recent Consumer Financial Protection Bureau circular may seem unassuming, a closer read reveals the bureau is escalating its clampdown on nonconsensual debit card overdraft fees by expanding financial institutions' record-retention obligations beyond a two-year statutory requirement, say attorneys at Cooley.

  • A Look At Calif. Biz Code And The Fight Over Customer Lists

    Author Photo

    To ensure Uniform Trade Secret Act security, California staffing agencies and their attorneys should review Section 16607 of the state Business Code, which prohibits contracts that restrain employees from engaging in other lawful types of business, to understand the process for determining whether a customer list constitutes a trade secret, says Skye Daley at Buchalter.

  • How Attorneys Can Break Free From Career Enmeshment

    Author Photo

    Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.

  • A Look At Insurance Coverage For Government Investigations

    Author Photo

    Attorneys at Jenner & Block discuss the quirks and potential pitfalls of insurance coverage for government claims and investigations, including those likely to arise from the U.S. Department of Justice's recently announced whistleblower program.

  • UCC Article 12 Offers Banks A Chance To Dive Into 'DePINs'

    Author Photo

    The 2022 update to Article 12 of the Uniform Commercial Code, which provides a legal framework for decentralized physical infrastructure networks, could offer trade and commodity finance banks attractive opportunities, like the energy-related DePIN projects that have recently made headlines, says Chris McDermott at Cadwalader.

  • Ex-Chicago Politician's Case May Further Curb Fraud Theories

    Author Photo

    The U.S. Supreme Court recently agreed to hear Thompson v. U.S. to determine whether a statement that is misleading but not false still violates federal law, potentially heralding the court’s largest check yet on prosecutors’ expansive fraud theories, with significant implications for sentencing, say attorneys at the Law Offices of Alan Ellis.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

    Author Photo

    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Crypto.com's Suit Against SEC Could Hold Major Implications

    Author Photo

    Crypto.com's recent lawsuit against the U.S. Securities and Exchange Commission could affect the operation and regulation of crypto markets in the U.S., potentially raising more questions about the SEC's authority to regulate the industry when it's unclear whether another agency is ready to assume it, say attorneys at McGuireWoods.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Compliance archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!