Compliance

  • November 13, 2024

    Republic Bank's 'Dysfunction' Enabled Its Failure, FDIC Says

    The former Republic First Bank failed because of its inability to hold certain debt securities, its insufficient liquidity and an ineffective board and management team, according to a post-mortem review issued Wednesday by the Federal Deposit Insurance Corp.'s watchdog.

  • November 13, 2024

    Wash. Attys Expect Gov. And AG Will Keep Them Busy

    Despite President-elect Donald Trump's anticipated de-emphasis of regulatory enforcement, Washington state antitrust and consumer protection attorneys are still expecting plenty of work in the coming years, as the new Democratic governor-attorney general duo are expected to step up local enforcement.

  • November 13, 2024

    Conn. PFAS Judge Vexed By 'Messy' Pollution Source Query

    A Connecticut federal judge weighing the state's motion to remand a pollution lawsuit against 3M and other companies warned Wednesday that the government was advancing "messy" arguments about the sources of contamination, although he did find the case "interesting."

  • November 13, 2024

    Transport Co. Wants To End Calif. Family Separation Suit

    Transportation services provider MVM Inc. urged a California federal judge to toss a proposed class action by a father and son who were separated after crossing the border, arguing Tuesday the Trump-era separation policy was enacted by the U.S. government, and that MVM was simply executing its contractual duties.

  • November 13, 2024

    A 3M PFAS Win Could Be Hollow, Mich. Justice Suggests

    Michigan Supreme Court justices asked Wednesday what it would mean to invalidate the state's regulations on so-called forever chemicals in drinking water, with one justice commenting that winning the case might be of little consequence for 3M, the company that brought the challenge, while undoing protections for the water supply.

  • November 13, 2024

    Feds Seek FTX Assets Used For Alleged China Bribes

    U.S. prosecutors have asked a New York federal judge to help secure millions of dollars worth of digital assets held at cryptocurrency exchange Binance, alleging the tokens are tied to what they described as bribes that former FTX CEO Sam Bankman-Fried paid to Chinese law enforcement officials.

  • November 13, 2024

    DOJ Doc Pushes For Strong Antitrust Compliance Programs

    Companies hoping antitrust compliance programs will mitigate or even eliminate U.S. Department of Justice criminal prosecution for bid-rigging, price-fixing and market allocation schemes need strong monitoring, remediation, oversight and responsibility, according to new guidance released Tuesday.

  • November 13, 2024

    Md. Electricity 'Greenwashing' Law Is A Muzzle, Judge Told

    A Maryland law attempting to crack down on electricity suppliers' "greenwashing" claims unconstitutionally mandates companies speak about their product in a way that conforms to what the state considers "sustainable energy," a renewable energy company and an advocacy organization argued in Maryland federal court.

  • November 13, 2024

    Cox Eyes Federal Suit After RI Court Tosses BEAD Case

    Cox Communications has signaled that it may sue in federal court after a Rhode Island state judge tossed on jurisdictional grounds its complaint accusing state officials of botching the rollout of federal broadband deployment dollars.

  • November 13, 2024

    Investors Ask FCC To Review $2.4B Paramount-Skydance Deal

    The Federal Communications Commission should refuse to approve Paramount Global's request to merge with Skydance Media LLC until minority shareholders have a chance to finish their investigation into the financial details of the deal, the leader of those investors told the agency.

  • November 13, 2024

    Colo. Hospital System To Settle ER Billing Claims For $23M

    University of Colorado Health has agreed to pay $23 million to settle a lawsuit alleging the hospital system was submitting false claims to federal health care programs, U.S. Department of Justice officials announced Tuesday.

  • November 13, 2024

    EPA Tells DC Circ. That Mercury Rule Is Sound

    The U.S. Environmental Protection Agency told the D.C. Circuit that opponents of its rule strengthening standards for mercury and other toxic air emissions at power plants are seeking to hamstring the agency with a too-narrow interpretation of the Clean Air Act.

  • November 13, 2024

    Trump Is Poised, Once Again, To Jolt US Trade Policy

    Donald Trump's first stint in the White House saw steep tariffs against China and other trade partners, and with the Biden administration having largely maintained and even expanded those levies, the president-elect is well-positioned to further pull those levers.

  • November 13, 2024

    FTX Prosecutors Tout Tech Chief's 'Outstanding Cooperation'

    Manhattan federal prosecutors urged a lenient sentence for former FTX technology chief Zixiao "Gary" Wang, telling the court on Wednesday that his "outstanding cooperation" was instrumental in securing the lightning-fast indictment and ultimate conviction of founder Sam Bankman-Fried for an $11 billion fraud that sank the crypto exchange.

  • November 13, 2024

    Outgoing DOJ Antitrust Head Wants To Unstack Healthcare

    The U.S. Department of Justice's top antitrust official looked to the future Tuesday, of both healthcare and his own exit with the change in presidential administration, as he defended the Biden era's more aggressive, nuanced approach to merger enforcement that wouldn't allow massive insurers and others to stack up the industry like Tetris.

  • November 13, 2024

    Madigan's Atty Seeks To Discredit Key Government Witness

    The cross-examination of a former ComEd executive who wore a wire for the government as it built its corruption case against ex-Illinois House Speaker Michael Madigan veered Wednesday into the informant's messy divorce proceedings and his failure to disclose felony charges when trying to buy a gun to kill snakes, as Madigan's attorneys tried to call his credibility into question.

  • November 13, 2024

    Short-Term Rental Owners 'Unreasonable,' Dallas Tells Court

    A Dallas short-term rental advocacy organization loves to focus on property rights, but it never considered the rights of neighbors who want safe neighborhoods and don't want to live next to an active business, a city attorney told a Fifth Court of Appeals panel during oral arguments Wednesday.

  • November 13, 2024

    Justices Puzzled By Nvidia's Position In Investor Case

    Some U.S. Supreme Court justices on Wednesday seemed to regret the decision to hear a dispute between chipmaker Nvidia Corp. and its investors, wondering whether a disagreement over what the company knew about its sales to crypto miners has any bearing on other securities class action lawsuits.

  • November 13, 2024

    Highway Workers Reach Deal In Misclassification Row

    Three construction firms have agreed to settle a False Claims Act suit after the U.S. Department of Labor agreed with an electrical workers union and a whistleblower that a subcontractor misclassified employees who worked on 25 federally funded highway projects in Pennsylvania.

  • November 13, 2024

    NJ Sues Gun Retailers That Sold Ammo To Undercover Cops

    Two Garden State firearms retailers have been hit with lawsuits for selling ammunition and gun-related products to undercover investigators without asking for proof that they could lawfully possess a firearm, the state's top law-enforcement official announced Wednesday.

  • November 13, 2024

    LNG Co. Says Full DC Circ. Must Revive Texas Project

    The company behind a liquefied natural gas project on the Texas Gulf Coast urged the full D.C. Circuit on Wednesday to vacate a panel's ruling nixing its federal approval, citing another panel's decision finding the White House Council on Environmental Quality's National Environmental Policy Act regulations are unenforceable.

  • November 13, 2024

    SEC's Uyeda Says Limits On Private Funds Need Review

    Smaller private and venture capital funds could benefit from less-stringent registration requirements, a Republican member of the U.S. Securities and Exchange Commission told an advisory panel Wednesday, saying the time is ripe to review whether existing thresholds still make sense.

  • November 13, 2024

    Feds Ink $52M Deal Over Phony Vet Gov't Contract Scheme

    Virginia-based contractor Paragon Systems Inc. has agreed to pay the U.S. government $52 million to settle claims that the company knowingly engaged in a fraudulent scheme to use small businesses that it controlled to obtain contracts reserved for veteran-owned or socially or economically disadvantaged businesses and that its executives received monetary kickbacks.

  • November 13, 2024

    NC Wetlands Developer Wants 4th Circ. To Revive Projects

    A North Carolina landowner has urged the Fourth Circuit to block a new rule defining the scope of the Clean Water Act, arguing that the new rule saddles him with "extraordinary compliance costs" for wetland development projects and goes beyond the law's actual scope.

  • November 13, 2024

    Insurers Say Hyundai, Kia Should Pay For Combusting Cars

    A slew of insurers for owners of certain Hyundai and Kia vehicles are suing the companies in a case removed to California federal court Wednesday, seeking to recoup costs associated with almost a decade of claims for cars that allegedly spontaneously combust and have not been fixed by the manufacturers.

Expert Analysis

  • Illinois May Be Gearing Up To Ban E-Verify

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    Recently passed amendments to the Illinois Right to Privacy in the Workplace Act appear to effectively ban the use of E-Verify in the state, but ambiguity means employers will have to weigh the risks of continued use while also taking note of other work authorization requirements imposed by the updates, say Julie Ratliff and Elizabeth Wellhausen at Taft.

  • Breaking Down CFTC's Novel Theory Driving Uniswap Action

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    The U.S. Commodity Futures Trading Commission's recent enforcement action against Uniswap concerning digital asset liquidity appears to be a unilateral attempt to expand its regulatory authority in the absence of official congressional approval, putting forth a novel theory of liability that will likely be tested through litigation, say attorneys at Troutman Pepper.

  • Mental Health Parity Rules: Tips For Plans And Issuers

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    Following federal agencies' release of final mental health parity rules, plan sponsors and health insurance issuers should develop protocols for preparing compliant nonquantitative treatment limitation comparative analyses, say attorneys at Ropes & Gray.

  • Series

    Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Proposed Mortgage Assistance Rule: Tips For Servicers

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    The Consumer Financial Protection Bureau's recent proposal to alter Regulation X mortgage servicing procedures to broadly construe requests for assistance, and stay foreclosure proceedings during loss mitigation review, will, if finalized, require mortgage servicers to make notable procedural changes to comply, says Louis Manetti at Locke Lord.

  • A Look At 5 States' New Data Privacy Laws

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    With new data privacy laws in Utah, Florida, Texas, Oregon and Montana recently in effect or coming into force this year, state-level enforcement of data privacy creates significant challenges and risks for how businesses interact with employees and consumers, and for companies that provide and use technologies in multiple jurisdictions, say attorneys at Jenner & Block.

  • Politics In California Workplaces: What Employers Must Know

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    As the election looms, it is critical that California employers ensure their compliance with state laws providing robust protections for employees' political activity — including antidiscrimination laws, off-duty conduct laws, employee voting leave laws and more, say Bradford Kelley and Britney Torres at Littler.

  • Antitrust In Retail: Why FTC Is Studying 'Surveillance Pricing'

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    The Federal Trade Commission's decision to study targeted "surveillance pricing" should provide greater clarity into the nature of the data aggregation industry, but also raises several issues, including whether these practices are in fact illegal under any established interpretations of U.S. antitrust law, say attorneys at Holland & Knight.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    In the third quarter of the year, California continued to be at the forefront of banking regulation as it enacted legislation on unfair banking practices and junk fees, and the state Department of Financial Protection and Innovation notably initiated enforcement actions focused on crypto-assets and student loan debt relief, say Stuart Richter and Eric Hail at Katten.

  • John Deere Penalty Shows Importance Of M&A Due Diligence

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    The U.S. Securities and Exchange Commission's recent $10 million penalty against John Deere underscores the risks of not conducting robust preacquisition due diligence and not effectively integrating a new subsidiary into the existing compliance framework, say attorneys at Ropes & Gray.

  • Opinion

    FTC's Report Criticizing Drug Middlemen Is Flawed

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    The Federal Trade Commission's July report, which claims that pharmacy benefit managers are inflating drug costs, does not offer a credible analysis of PBMs, and its methodology lacks rigor, says Jay Ezrielev at Elevecon.

  • How The Tide Of EEOC Litigation Rolled Back In FY 2024

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    An analysis of the location, timing and underlying claims asserted in U.S. Equal Employment Opportunity Commission-initiated cases during fiscal year 2024 shows that the commission saw a substantial decrease in litigation activity after a surge last year, but employers should not drop their guard, say Christopher DeGroff and Andrew Scroggins at Seyfarth.

  • Enviro Policy Trends That Will Continue Beyond The Election

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    Come October in a presidential election year, the policy world feels like a winner-take-all scenario, with the outcome of the vote determining how or even whether we are regulated — but there are several key ongoing trends that will continue to drive environmental regulation regardless of the election results, say J. Michael Showalter and Samuel Rasche at ArentFox Schiff.

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