Compliance

  • February 06, 2025

    Block's Dorsey, Others Face Derivative Suit Over AML Woes

    Officers and directors of Square and Cash App parent company Block Inc. face a shareholder derivative complaint over alleged anti-money laundering compliance failures weeks after the company reached an $80 million settlement of related claims with state banking regulators.

  • February 06, 2025

    Fed. Worker Reps Slam 'Unfathomably Cruel' USAID Shutdown

    The Trump administration's illegal decision to dismantle the U.S. Agency for International Development has caused a global humanitarian crisis, cost thousands of Americans their jobs and threatens U.S. national security, groups representing federal employees and foreign service workers alleged in a federal lawsuit Thursday in Washington, D.C.

  • February 06, 2025

    Doctors Org. Wants Health Agency Website Info Restored

    An advocacy organization representing physicians asked a Washington, D.C., federal judge Thursday to require federal agencies to restore public-health related web pages and data that were taken down after the Office of Personnel Management directed the agencies to root out references to "gender ideology" on their websites.

  • February 06, 2025

    House Bill Aims To Ban DeepSeek On Gov't Devices

    A pair of U.S. House lawmakers on Thursday rolled out bipartisan legislation that would prohibit the installation of Chinese company DeepSeek's chatbot app on government-issued devices, citing "alarming" national security threats similar to those that have propelled efforts to ban video app TikTok nationwide.

  • February 06, 2025

    States Say NY Climate Act 'Wrings Funds' From Energy Cos.

    A coalition of 22 states sued New York state Thursday over its recently signed Climate Superfund Act, saying it constitutes an attack on U.S. energy producers that will be felt by consumers.

  • February 06, 2025

    Lockheed Martin To Pay $30M In FCA Deal Over F-35 Pricing

    Lockheed Martin Corp, one of the world's largest defense contractors, has agreed to pay $29.74 million to resolve a whistleblower's False Claims Act allegations of inflated pricing on contracts for F-35 military aircraft, the U.S. Department of Justice announced Thursday.

  • February 06, 2025

    SEC Assistant Chief Litigation Counsel Joins Carlton Fields

    An assistant chief litigation counsel for the U.S. Securities and Exchange Commission has left the agency to join Carlton Fields as a shareholder in the firm's securities litigation and enforcement practice in Washington, D.C., the firm announced Thursday.

  • February 06, 2025

    House GOP Floats Stablecoin Bill Amid Debanking Buzz

    House Financial Services lawmakers unveiled a discussion draft of a bill to regulate stablecoins Thursday evening, joining a separate effort introduced in the U.S. Senate earlier this week.

  • February 06, 2025

    Buyers Want Kratom Cos. Addiction Suit To Go On

    Two California kratom manufacturers shouldn't be allowed to escape a lawsuit claiming they failed to warn about the "highly addictive" nature of their products, a proposed class of consumers argued, pointing to a podcast where a company executive suggested their products were more potent than morphine.

  • February 06, 2025

    SEC's Dealer Suit May Criminalize Major Investors, Funds Say

    The hedge fund industry has urged the Eighth Circuit on to overturn a U.S. Securities and Exchange Commission victory against a penny stock trader, arguing that the SEC's case threatens to "make a felon of every institutional investor" by declaring them unregistered securities dealers.

  • February 06, 2025

    Air Traffic Control System Upgrade In Spotlight After DC Crash

    In the week since a midair collision between an American Airlines regional jet and a U.S. Army helicopter over the Potomac River left 67 people dead, the Trump administration signaled Thursday that it's looking to expedite overhauling the nation's air traffic control system.

  • February 06, 2025

    Illinois Judge Extends Hold On Swipe Fee Law To More Banks

    An Illinois federal judge on Thursday expanded a preliminary injunction against Illinois' controversial swipe fee law, adding out-of-state banks to the list of financial institutions shielded from having to comply with the law when it takes effect later this year, while declining to add federal credit unions to the list.

  • February 06, 2025

    Trump Creates DOJ Task Force Targeting 'Anti-Christian Bias'

    President Donald Trump signed an executive order Thursday establishing a U.S. Department of Justice task force to root out "anti-Christian bias" within federal agencies and prosecute vandalism and violence targeting churches and related religious organizations.

  • February 06, 2025

    Judge Questions Firm's Candor In Apple, Amazon Docs Row

    A Washington federal judge said on Thursday there was "troubling shifting" around Hagens Berman Sobol Shapiro LLP's explanation of texts and emails with a client who disappeared from a proposed class action targeting Amazon and Apple, while also saying it might not matter because the firm found substitute plaintiffs.

  • February 06, 2025

    EPA Places 168 Environmental Justice Workers On Leave

    Scores of U.S. Environmental Protection Agency workers who have been focused on environmental justice issues were placed on leave Thursday, in line with the Trump administration's promise to largely abandon that area of work.

  • February 06, 2025

    Ga. Election Chief Asks Bondi To Drop Voting Rights Suit

    Georgia Secretary of State Brad Raffensperger on Thursday said he has asked U.S. Attorney General Pam Bondi to drop a Department of Justice lawsuit alleging that the state's 2021 election overhaul law disenfranchised Peach State voters.

  • February 06, 2025

    SEC 'Exposes Lunacy' Through Its Dueling Suits, PE Firm Says

    A South Carolina private equity fund said Thursday the U.S. Securities and Exchange Commission is trying to gut it through a Florida lawsuit, telling a Texas judge the commission made "out of touch statements" on how the litigation will harm its business.

  • February 06, 2025

    Devon Urges 10th Circ. To Undo $2.8M Drilling Royalty Order

    A Devon Energy Corp. unit has asked the Tenth Circuit to reverse an Oklahoma federal judge's decision to affirm a $2.8 million drilling royalty order the U.S. Department of the Interior issued against it, saying its actions were in line with a settlement it sealed with the federal government.

  • February 06, 2025

    DOJ To Weigh Criminal Action Against Cos. With DEI Policies

    The U.S. Department of Justice will consider bringing criminal and civil investigations against companies over their diversity, equity and inclusion policies, according to a new memorandum from Attorney General Pam Bondi.

  • February 06, 2025

    ​​​​​​​Top Groups Lobbying The FCC

    The Federal Communications Commission heard from interest groups and companies around two dozen times in January, on issues ranging from consumer consent to receive telemarketing calls to UScellular's contested $4.4 billion plan to sell its wireless operations to T-Mobile.

  • February 06, 2025

    Stay On Right Side Of Payola Rules, FCC Warns Stations

    The Federal Communications Commission is warning radio broadcasters not to accept freebies from music artists in exchange for boosted airtime.

  • February 06, 2025

    Sam Altman Calls Musk's Claim Of Ban On Rivals 'False'

    OpenAI CEO Sam Altman said the key claim made in a preliminary injunction request from Elon Musk in their ongoing investment spat is false, saying in a new declaration that he never told OpenAI investors that they wouldn't be able to invest in the company if they also invested in Musk's xAI.

  • February 06, 2025

    FCC Says No To Ohio Group's Bid For Low Power FM Station

    An Ohio church has come out on top in its battle to be awarded the rights to launch a low power FM station in its neck of the woods after the group it was up against was accused of knowingly listing a manager's dead grandmother on a license renewal application.

  • February 06, 2025

    UnitedHealth Drops Bid To Toss Home Health Deal Challenge

    UnitedHealth Group and home health and hospice giant Amedisys Inc. dropped their bid to toss a case challenging their $3.3 billion merger after enforcers detailed the home health and hospice markets they allege will be hurt by the deal.

  • February 06, 2025

    JPMorgan's State Trade Secret Data Row Claim Axed, For Now

    A federal judge in Delaware has ruled that JPMorgan Chase & Co. sufficiently alleged Argus Information & Advisory Services violated a federal trade secrets law by allegedly misusing anonymized credit card data collected from banks, but said JPMorgan's contention Argus violated a Delaware trade secret law could not stand.

Expert Analysis

  • How Changes In State Gift Card Laws May Affect Cos. In 2025

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    2024 state legislative movements around the escheatment of unused gift card balances and consumer fraud protections should prompt issuers to consider whether changes in company domicile or blanket cash-back policies are needed in the new year, say attorneys at Alston & Bird.

  • Lessons From The SEC's 2024 Crackdown On AI Washing

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    AI washing was the subject of increased scrutiny from the U.S. Securities and Exchange Commission in 2024 following a surge in the commercial adoption of generative artificial intelligence technologies in 2023, highlighting the importance of transparency, accuracy and accountability when communicating about AI, say attorneys at Perkins Coie.

  • The 6 Most Significant FCRA Litigation Developments Of 2024

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    From a key sovereign immunity decision at the U.S. Supreme Court to a ruling on creditworthiness out of the Seventh Circuit, several important Fair Credit Reporting Act cases wound their way through the courts in 2024, each offering takeaways for both plaintiffs and defendants, say attorneys at Shipkevich.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

  • The Securities Litigation Trends That Will Matter Most In 2025

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    2025 is shaping up to be a significant year for securities litigation, as plaintiffs and defendants alike navigate shifting standards for omission theories of liability, class certification, risk disclosure claims and more, say attorneys at Willkie.

  • Predicting The Lasting Changes CFPB May Face In 2025

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    President-elect Donald Trump and the incoming Republican-controlled Congress' likely attempts to reshape the Consumer Financial Protection Bureau could significantly alter its rulemaking, supervisory and enforcement abilities for years to come, says Jim Sandy at McGlinchey Stafford.

  • 5 Proactive Immigration Best Practices For Employers In 2025

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    Businesses that depend on foreign talent should take specific steps in anticipation of changes to federal immigration policies that could affect the H-1B visa and other programs, and likely require changes in organizational operations and compliance strategy, says Dustin O'Quinn at Ballard Spahr.

  • Top 10 Employer Resolutions For 2025

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    While companies must monitor for policy shifts under the new administration in 2025, it will also be a year to play it safe and remember the basics, such as the importance of documenting retention policies and conducting swift investigations into workplace complaints, say attorneys at Krevolin Horst.

  • NLRB Likely To Fill Vacuum After NMB Jurisdiction Ruling

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    The National Mediation Board's recent ruling in Swissport Cargo Services LP abandoned decades of precedent by concluding the Railway Labor Act doesn’t apply to airline service providers, likely leading the National Labor Relations Board to assert its jurisdiction instead and potentially causing more operational disruptions and labor strife, say attorneys at Morgan Lewis.

  • How White Collar Enforcement May Shift In Trump's 2nd Term

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    After President-elect Donald Trump returns to the White House next month, the administration’s emphasis on immigration laws, drug offenses and violent crime will likely reduce the focus on white collar crime overall, but certain areas within the white collar world may see increased activity, say attorneys at Keker Van Nest.

  • Risk Management Takeaways From NIST's AI Symposium

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    Based on the National Institute of Standards and Technology's September artificial intelligence innovation symposium, companies should anticipate that laws and regulations safeguarding AI could take new forms and approaches that break the current mold, say attorneys at Eversheds Sutherland.

  • New Trump Admin May Bring Financial Oversight Turbulence

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    As President-elect Donald Trump prepares to begin his second term, his top financial market regulatory and securities law enforcement appointees, campaign promises, and regulatory preferences foretell a period of muddy regulatory waters, say attorneys at Kroll.

  • The Justices' Securities Rulings, Dismissals That Defined '24

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    The U.S. Supreme Court's 2024 securities rulings led to increased success for defendants' price impact arguments, but the justices' decisions not to weigh in on important issues relating to the Private Securities Litigation Reform Act's pleading requirements may be just as significant, say attorneys at Skadden.

  • 2024 Election Results May Prove Fortuitous For Family Offices

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    Thanks to the decisive Republican victories in the 2024 elections, family offices have a unique opportunity for accelerated growth and influence, particularly through the benefits afforded by patient capital, says Edward Taibi at Olshan Frome.

  • 10 Noteworthy CFPB Developments From 2024

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    In a banner year for consumer finance regulation, the Consumer Financial Protection Bureau made significant strides in its efforts to rein in Big Tech and nonbank financial firms, including via rules regarding open banking, credit card late fees, and buy now, pay later products, say attorneys at Wiley.

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