Try our Advanced Search for more refined results
Compliance
-
May 12, 2025
Hedge Fund Group Urges Delay On New AML Rules
A top trade group representing hedge funds is urging the Trump administration to delay enforcement of new Treasury Department anti-money laundering rules applicable to investment managers, part of a broader attempt to persuade financial and securities regulators to slow down or rescind wide-ranging rules.
-
May 12, 2025
Authors Group Calls Grant Withdrawals 'Flagrantly Unlawful'
A national authors group sued the National Endowment for the Humanities and the Department of Government Efficiency on Monday in New York federal court, claiming the cancellation of about $175 million in grants was "flagrantly unlawful."
-
May 12, 2025
Walmart, Transportation Manager End OT Suit
Walmart and a transportation operations manager have agreed to end the worker's suit in Georgia federal court accusing the retailer of misclassifying her as overtime-exempt under the Fair Labor Standards Act, according to a joint filing Monday.
-
May 12, 2025
Will Justices Finally Rein In Universal Injunctions?
The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.
-
May 12, 2025
Agencies Win Stay Of Mental Health Parity Rule Suit
A D.C. federal court on Monday agreed to stay a suit from a benefits-focused employer trade group seeking to block a recently finalized mental health parity rule, after the DOL and other federal agencies told the court they plan to rescind or modify the rule.
-
May 12, 2025
Wells Fargo Hid Account Amid Man's Homelessness, Suit Says
A Massachusetts man has alleged in a lawsuit filed in federal court that Wells Fargo intentionally concealed a trust fund account from him for decades while he suffered years of financial instability, including homelessness.
-
May 12, 2025
Jury Clears Biz Owner's Wife Of $2M Payroll Tax Debt
The wife of a man found liable for construction company employment taxes is off the hook for $2 million in liabilities, a New York federal jury found, saying she was not responsible for collecting the taxes and paying them over to the federal government.
-
May 09, 2025
FTC Says Amazon Hid Doc Calling Bezos 'Dark Arts Officer'
The Federal Trade Commission has urged a Seattle federal court to impose punitive sanctions on Amazon in the commission's lawsuit accusing the e-commerce giant of trapping consumers into Prime subscriptions, saying Amazon withheld tens of thousands of documents in bad faith by baselessly claiming the documents were privileged.
-
May 09, 2025
Ex-Meinl Bank CEO Extradited To US On $170M Odebrecht Rap
The former CEO of Austrian lender Meinl Bank AG was extradited from the U.K. and pled not guilty Friday to money laundering charges, stemming from allegations that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government.Â
-
May 09, 2025
Calif. Judge Blocks Trump's Gov't Reorganization, Job Cuts
A California federal judge on Friday temporarily blocked federal agencies and Elon Musk's Department of Government Efficiency from carrying out President Donald Trump's directive to reduce the government workforce, saying the president doesn't have the constitutional or statutory authority "to reorganize the executive branch."
-
May 09, 2025
Real Estate Recap: 'Preposterous' Rule, MoFo On Debt, Big 4
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney views of a U.S. Securities and Exchange Commission rule affecting real estate, one BigLaw leader's insights into new debt funds, and what the four largest brokerages said about 2025's first quarter.
-
May 09, 2025
Feds Rebut Disclosure Delay Claims In Crypto Mixer Case
Federal prosecutors on Friday fired back at claims they suppressed evidence from the indicted co-founder of crypto mixing service Samourai Wallet, arguing they went beyond what was required when they recently disclosed an "informal conversation" where Treasury employees cast doubt on one of the subsequent charges.
-
May 09, 2025
BDO Urges Justices To Hear 'Crucial' Auditor Fraud Case
BDO USA LLP is petitioning the U.S. Supreme Court to hear a case that the firm warns could have "devastating" consequences for public companies' auditors, arguing in a Friday filing that the Second Circuit created a "dangerous precedent" by reviving a lawsuit brought by AmTrust Financial Services Inc. shareholders.Â
-
May 09, 2025
Treasury Pushes To Ax Shareholders' FHFA Director Suit
The federal government has said a Fannie Mae and Freddie Mac shareholder complaint should be dismissed because it is "devoid of any allegations" that tenure protections for the Federal Housing Finance Agency's director affected their dividend payments.Â
-
May 09, 2025
Feds Put Heat On Foreign Data Transfers With Sweeping Rules
The U.S. Department of Justice's unexpected guidance and brief enforcement reprieve on a national data security program intended to curb foreign access to Americans' sensitive data has handed companies some welcome breathing room, but the strong interest that federal enforcers have shown in the topic means that businesses can't afford to delay compliance efforts.
-
May 09, 2025
FINRA To Tweak Some Off-Channel Supervision Obligations
The Financial Industry Regulatory Authority has said it will modify the supervision plans undertaken by some firms that signed U.S. Securities and Exchange Commission settlements over their failure to keep records of so-called off-channel communications, after the SEC refused to redo some deals reached before 2025.
-
May 09, 2025
NY Developer Denied More Time To Pay SEC $229M Settlement
A New York federal judge denied a motion by a real estate developer and his wife to extend the deadline for a $229.6 million payment required under a consent judgment with the SEC to settle claims they had schemed to raise money from hundreds of Chinese investors using false statements.
-
May 09, 2025
SEC's Crypto Retreat Warrants Court Scrutiny, Crenshaw Says
The U.S. Securities and Exchange Commission's lone Democratic member called on courts to "take a long hard look" at the agency's reversals in crypto enforcement matters in a scathing dissent of the agency's settlement with blockchain firm Ripple Labs, which she argued "undermines" earlier court decisions in the case.
-
May 09, 2025
Employment Authority: Biden-Era Wage Rules Tumble
Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on what Biden-era wage and hour rules the U.S. Department of Labor has stopped enforcing, what a quorum at the U.S. Equal Employment Opportunity Commission would look like under Trump and how a union is using unconventional methods to organize video game workers.Â
-
May 09, 2025
Wells Fargo Execs Sued In Del. Over 'Sham' Diversity Efforts
A Wells Fargo stockholder launched a derivative suit on Friday in Delaware's Court of Chancery seeking damages from 17 of the banking giant's directors and officers for potentially billions in costs tied to alleged "sham" diversity-focused recruitment and hiring initiatives.
-
May 09, 2025
'Proud' Judge Says No Prison For $1.3B Tax Fraud Witnesses
A Georgia federal judge handed down a pair of what he called "stunningly lenient" no-prison sentences Friday to two brothers who served as key cooperating witnesses in a first-of-its-kind federal case against a sprawling, $1.3 billion tax fraud scheme.
-
May 09, 2025
Energy Group Backs States' BlackRock Coal Investments Suit
An energy industry advocacy group backed Texas and several other states' claims that BlackRock Inc. and other investment groups took advantage of their large holdings in publicly traded energy companies to drive up coal prices.
-
May 09, 2025
Google AI Fixes Are About Tomorrow, DOJ Tells Judge
The U.S. Department of Justice closed out a D.C. federal court trial seeking to force Google to sell the Chrome browser and prop up rival search engines, with expert testimony arguing Friday that the proposed search monopolization remedies should include artificial intelligence, regardless of what generative AI is like today.
-
May 09, 2025
Webull Fined $1.6M Over Lax Influencer Ad Oversight
The Financial Industry Regulatory Authority has fined Webull Financial LLC $1.6 million for allegedly failing to properly monitor or preserve influencers' social media communications about the firm and for not maintaining a sufficient supervisory system for those ads or the disclosure of certain filings for customers.
-
May 09, 2025
Advocates Upset As Trump Targets 'Woke' Digital Equity
Broadband deployment advocates protested a Trump administration move to zero out the Digital Equity Fund, a $2.75 billion program to improve digital literacy skills, in a cost-cutting move at the U.S. Department of Commerce.
Expert Analysis
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Opinion
CPSC's Amazon Ruling Is A Win For Safety, Accountability
A recent U.S. Consumer Product Safety Commission order classifying Amazon.com as a distributor, and requiring it to comply with notice, recall, refund and remediation obligations for defective products, is a major victory for consumer safety — and for attorneys pursuing product liability claims against major online retailers, says Donald Fountain at Clark Fountain.
-
Cross-Border Lessons In Using Hague Evidence Convention
Recent case law demonstrates that securing evidence located abroad requires a strategic approach, including utilization of the Hague Evidence Convention and preparation to justify your chosen evidence-gathering path, say attorneys at Fish & Richardson.