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Compliance
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April 16, 2025
Geron Shareholder Sues Execs Over Drug Launch Claims
A shareholder of Geron Corp. has filed a derivative suit against current and former members of the biopharmaceutical company's top brass, accusing them of making misleading statements about the commercial prospects of its cancer drug despite knowing that the company faced challenges to the drug's success.
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April 16, 2025
Interior Dept. Halts Work On East Coast Offshore Wind Farm
U.S. Secretary of the Interior Doug Burgum said Wednesday that he has directed the Bureau of Ocean Energy Management to immediately freeze all construction activities on the Empire Wind offshore wind energy project south of New York's Long Island.
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April 16, 2025
Zuckerberg Calls TikTok Meta's 'Highest Competitive Threat'
Meta Platforms Inc. CEO Mark Zuckerberg pushed back Wednesday on Federal Trade Commission efforts to cabin the company's allegedly monopolistic social media dominance into a market that excludes TikTok and YouTube, telling a D.C. federal judge video has become the new predominant form of social media interaction.
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April 16, 2025
OCC To Merge Bank Supervision Units In Reorganization
The Office of the Comptroller of the Currency said Wednesday it is consolidating its bank supervision units as part of a wider series of organizational changes that will include the departure of two longtime senior agency officials.
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April 16, 2025
Texas Energy Bills Are No Panacea For Power Projects
Energy bills advancing through the Texas Legislature aim to get more electricity on the grid to satisfy escalating demand, but the possibility of new restrictions on renewable energy development has attorneys questioning whether companies will actually build what's needed.
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April 16, 2025
Texas Oil Co., Exec Admit Negligence In Toxic Gas Deaths
A Texas oilfield company executive has been sentenced to five months in prison, while his company was put on two years of probation and ordered to pay $1 million in restitution after pleading guilty in a case stemming from the deaths of an employee and his wife from exposure to toxic hydrogen sulfide gas in 2019.
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April 16, 2025
Red State AGs' SEC Suit Paused Amid Crypto Policy Shift
A Kentucky federal judge on Wednesday paused a suit from a coalition of Republican attorneys general challenging the U.S. Securities and Exchange Commission's crypto enforcement strategy as the regulator retools its approach to digital asset policy.
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April 16, 2025
Mich. Exec Gets Prison As Judge Rips White Collar Wrist Slaps
A Michigan federal judge said Wednesday that he couldn't offer probation to a former asphalt company executive, saying the $17 million his company received as part of a bid-rigging scheme with competitors warrants some prison time to deter white collar criminals from thinking they can escape with a more lenient sentence.
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April 16, 2025
Feds Float Reducing Endangered Species Habitat Protections
The Trump administration on Wednesday said it plans to eliminate a long-standing regulatory provision that prohibits the destruction of endangered species habitat by project developers.
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April 16, 2025
FCC Boots 7 From E-Rate Program After Fraud Convictions
Seven people who were convicted of defrauding the Federal Communications Commission's E-Rate program have been suspended from the subsidy program that helps offset the cost of internet service for schools and libraries, the agency has revealed.
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April 16, 2025
Ohio's 'Breathtakingly Blunt' Social Media Age Limit Law Axed
Ohio's law requiring social media companies to obtain parental consent before allowing a child under the age of 16 to make an account has been struck down after a federal judge said the legislation "fails to pass constitutional muster and is constitutionally infirm."
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April 16, 2025
Bankers Ask FCC To Pare Back Call Consent Rules
While the Federal Communications Commission is deciding which regulations to slash, a coalition of banking groups is hoping the agency will hone in on telemarketing consent rules that they say make it harder for them to reach out to their customers.
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April 16, 2025
DC Judge Considers Bid To Block IRS Info Sharing With ICE
A D.C. federal judge on Wednesday questioned whether immigrant advocacy groups have standing to block a tax information-sharing agreement between the IRS and immigration enforcement agencies, but she also outlined concerns that the agreement could be abused.
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April 16, 2025
Auto Supply Chain Tariffs Chart Tricky Compliance Landscape
The compliance landmines created by the Trump administration's sweeping new tariffs have sparked a scramble among the automotive supply chain to renegotiate contracts and stockpile inventory to blunt the financial impacts in the short term, but long-term strategies are still being ironed out, experts say.
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April 16, 2025
Mich. AG Pushes For Strengthening Consumer Protection Law
Michigan's attorney general on Wednesday asked lawmakers to broaden the reach of the state's consumer protection law following a setback in her efforts to change the law in court.
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April 16, 2025
Musk Rips Calif. AG Decision To Not Join Suit Against OpenAI
Elon Musk blasted a California attorney general's office decision declining to join his federal lawsuit against OpenAI, saying in a Tuesday filing the decision appears to "misapprehend" the complaint and its derivative claims and "mischaracterizes or misunderstands" the consortium of investors he's assembled to bid on OpenAI Inc.'s assets.
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April 16, 2025
Wash. AG Says Seattle Public Schools Shows Pregnancy Bias
Seattle Public Schools fails to provide pregnant and nursing employees with accommodations such as flexible bathroom breaks and retaliates against workers who request pregnancy-related accommodations, the Washington state attorney general said in a new lawsuit.
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April 16, 2025
CFPB Defends Bid To Undo Redlining Deal
The Consumer Financial Protection Bureau reiterated Tuesday its bid in Illinois federal court to refund a Chicago-area mortgage lender's redlining settlement, arguing that consumer advocates fighting to keep the deal in place "attack a strawman" and posit "a parade of horribles that have nothing to do with this case."
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April 16, 2025
Groups Urge Congress To Probe DC's Use Of Private Attys
The American Tort Reform Association and two other groups called on Congress on Wednesday to investigate District of Columbia Attorney General Brian Schwalb for the office's use of outside counsel for litigation, which they say has issued millions in legal contracts with little transparency or accountability.
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April 16, 2025
Firms Mum As EEOC Deadline For Diversity Data Passes
Tuesday marked the deadline for large law firms to answer the U.S. Equal Employment Opportunity Commission's acting chair's request for detailed information about their diversity, equity and inclusion programs, and neither the firms nor the EEOC would confirm if or how the legal heavyweights had responded.
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April 16, 2025
Ex-US Atty Chosen To Monitor T-Mobile Merger Compliance
The U.S. Department of Justice is looking to appoint former U.S. attorney and current Kasowitz Benson Torres partner Edward McNally as the new monitoring trustee to oversee the government's settlement with T-Mobile that cleared the way for its $26 billion acquisition of Sprint.
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April 16, 2025
Trump Ousts Democrats From NCUA Board In Latest Purge
The National Credit Union Administration's two Democratic board members said Wednesday that President Donald Trump has fired them from the agency, a purge they are slamming as politically motivated and a threat to regulatory independence.
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April 16, 2025
California Challenges Trump's Economic Emergency Tariffs
The California state government filed suit Wednesday challenging President Donald Trump's recent use of a law that has allowed him to unilaterally impose broad and aggressive tariffs on imports entering the U.S.
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April 16, 2025
Judge Restores EPA Grant Funds For Climate Change Groups
A D.C. federal judge has ordered Citibank NA to start disbursing Biden-era federal grant funding to nonprofits working on climate change projects, and blocked the U.S. Environmental Protection Agency's effort to terminate the grants.
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April 15, 2025
Judge Tells Feds To Unfreeze Climate, Infrastructure Funds
The U.S. Department of Agriculture, U.S. Environmental Protection Agency and other federal agencies must "turn the funding spigots back on" while environmental groups challenge the Trump administration's decision to cut congressionally approved dollars for infrastructure, agriculture, climate and other initiatives, a Rhode Island federal judge ruled Tuesday.
Expert Analysis
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A Path Forward For Employers, Regardless Of DEI Stance
Whether a company views the Trump administration's executive orders ending diversity, equity and inclusion programs as a win or a loss, the change rearranges the employment hazards companies face, but not the non-DEI and nondiscriminatory economic incentive to seek the best workers, says Daniel S. Levy at Advanced Analytical Consulting Group.
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Mitigating The Risk Of Interacting With A Designated Cartel
There are steps companies doing business in Latin America should take to mitigate risks associated with the Trump administration's designation of several cartels as foreign terrorist organizations and the terrorism statute's material-support provisions, which may render seemingly legitimate transactions criminal, say attorneys at Covington.
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How Health Cos. Can Navigate Data Security Regulation Limbo
Despite the Trump administration's freeze on proposed updates to the Health Insurance Portability and Accountability Act security rule, there are critical cybersecurity steps healthcare organizations can take now without clear federal guidance, says William Li at Axiom.
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Preparing For Tariffs On Canadian Power In The Northeast
The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.
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New SEC Guidance May Change How Investors, Cos. Talk
The U.S. Securities and Exchange Commission's recent updates to the Schedules 13D and G compliance and disclosure interpretations may mean large institutional investors substantially curtail the feedback they provide companies about their voting intentions in connection with shareholder meetings, which could result in negative voting outcomes for companies, say attorneys at Cleary.
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4 Key Payments Trends For White Collar Attys
As the payments landscape continues to innovate and the new administration looks to expand the role of digital currency in the American economy, white collar practitioners should be aware of several key issues in this space, say attorneys at Jenner & Block.
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Series
Performing Stand-Up Comedy Makes Me A Better Lawyer
Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.
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Series
Adapting To Private Practice: From SEC To BigLaw
As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.
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What's Old And New In The CFTC's Self-Reporting Advisory
Attorneys at Blank Rome analyze the U.S. Commodity Futures Trading Commission's recent advisory that aims to provide clarity on self-reporting violations of the Commodity Exchange Act, and review whether market participants should shift their thinking — or not — when it comes to cooperation with the CFTC.
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Weathering Policy Zig-Zags In Gov't Contracting Under Trump
To succeed amid the massive shift in federal contracting policies heralded by President Donald Trump's return to office, contractors should be prepared for increased costs and enhanced False Claims Act enforcement, and to act swiftly to avail themselves of contractual remedies, says Jacob Scott at Smith Currie.
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How Trump's Crypto Embrace Is Spurring Enforcement Reset
The U.S. Securities and Exchange Commission's recent willingness to step away from ongoing enforcement investigations and actions underscores the changing regulatory landscape for crypto under the new administration, which now appears committed to working with stakeholders to develop a clearer regulatory framework, say attorneys at Sheppard Mullin.
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After CEQ's Rollback, Fate Of NEPA May Be In Justices' Hands
The White House Council on Environmental Quality recently announced its intention to rescind its own National Environmental Policy Act regulations, causing additional burdens to existing NEPA challenges, and raising questions for regulated entities and federal agencies that may only be resolved by a pending U.S. Supreme Court case, say attorneys at Holland & Knight.
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Making The Case For Rest In The Legal Profession
For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.
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2 Areas Of Labor Law That May Change Under Trump
Based on President Donald Trump's recent moves, employers should expect to see significant changes in the direction of law coming out of the National Labor Relations Board, particularly in two areas where the Trump administration will seek to roll back the Biden NLRB's changes, says Daniel Johns at Cozen O’Connor.
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Opinion
It's Time To Fix The SEC's Pay-To-Play Rule
Nearly 15 years after its adoption, the U.S. Securities and Exchange Commission's pay-to-play rule is not working as intended — a notion recently echoed by SEC Commissioner Hester Peirce — and the commission should reconsider the strict liability standard, raise the campaign contribution limits and remove the look-back provision, say attorneys at WilmerHale.