ÃÛÌÒÊÓÆµ

Compliance

  • June 04, 2025

    GAO Tells Congress DOD Must Take Fraud Risk Seriously

    The Government Accountability Office's director of forensic audits and investigative services testified Wednesday that words and actions by U.S. Department of Defense leadership have called into question the DOD's commitment to combating fraud.

  • June 04, 2025

    Starbucks' Legal Chief Exits Amid Organizational Changes

    Starbucks's top attorney Brad Lerman will be exiting the company in the coming months while helping the coffee giant search for his replacement as chief legal officer, the company announced Thursday in its U.S. Securities and Exchange Commission paperwork. 

  • June 04, 2025

    DC Judge Won't Halt Education Data Collection Rollback

    A D.C. federal judge refused to halt the Department of Education's cancellation of $900 million in data maintenance and collection contracts, saying it's not the court's place to "breathe life back into" large swaths of canceled programs and monitor day-to-day statutory compliance.

  • June 04, 2025

    Feds Say 'No Viable Path' Forward For Calif. High-Speed Rail

    The U.S. Department of Transportation said Wednesday that the California high-speed rail's overblown budget and ongoing mismanagement indicate that there's "no viable path" to completing the project on schedule, so the federal government is preparing to pull nearly $4 billion in funding.

  • June 04, 2025

    Cheesesteak Icon Asks 3rd Circ. If Loper Bright Slices Sentence

    Counsel for a Philadelphia cheesesteak shop owner seeking a lighter sentence for paying employees off the books told the court Wednesday that he has asked the Third Circuit to consider how the U.S. Supreme Court's landmark decision striking longstanding agency deference framework might affect his case.

  • June 04, 2025

    Judge Grills Kidde-Fenwal About Missing Info In Disclosures

    A Delaware bankruptcy judge Wednesday questioned why firefighting foam maker Kidde-Fenwal did not include in plan disclosures details about the recoveries its creditors can expect under its Chapter 11 proposal, as the debtor prepares to send its reorganization plan out for a vote.

  • June 04, 2025

    Bowman Confirmed As Trump's Top Banking Regulator At Fed

    Senators on Wednesday confirmed Federal Reserve Gov. Michelle Bowman to become the central bank's next vice chair for supervision, elevating the former Kansas community banker to a powerful perch overseeing many of the biggest Wall Street financial institutions.

  • June 04, 2025

    FIFA Slams Atty's Bid To 'Circumvent' DQ In Puerto Rico Case

    A Puerto Rican attorney may not sidestep a disqualification order by dropping his personal claims from an antitrust case against FIFA in which he is both counsel and plaintiff, the organization told a federal judge Wednesday, arguing the lawyer is a "necessary fact witness" and therefore a conflict is unavoidable.

  • June 04, 2025

    3 Ways DOL Benefits Chief Nominee May Affect ERISA Cases

    A key committee will decide Thursday whether to send President Donald Trump’s pick to lead the U.S. Department of Labor’s employee benefits arm ahead for a full Senate vote, setting the stage for what attorneys expect will be an employer-friendly shift in policies. Here are three ways Daniel Aronowitz could change benefits litigation if confirmed.

  • June 04, 2025

    FTC Fights Attys Who Want State Bar Input On Ethics Worries

    The Federal Trade Commission doesn't want staff attorneys to be able to seek state bar association guidance if they dispute the legality of an instruction, arguing in a fight with the FTC's union that seeking such guidance would gum up the gears of commission work.

  • June 04, 2025

    SEC Seeks Input On Tightening Perks For Foreign Issuers

    The U.S. Securities and Exchange Commission agreed Wednesday to seek public input on whether foreign companies should continue to be granted accommodations to list in the U.S., noting that global markets have changed significantly since such rules were adopted.

  • June 04, 2025

    Davis Polk, Skadden Guide Circle's Upsized $1B IPO

    Venture-backed stablecoin issuer Circle Internet Group Inc. on Wednesday priced an upsized $1.05 billion initial public offering above its marketed range amid strong demand, represented by Davis Polk & Wardwell LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.

  • June 04, 2025

    FCC Says C-Band Payment Clearinghouse Can Wind Down

    The C-Band Relocation Payment Clearinghouse has received the go-ahead from the Federal Communications Commission to wind down its operations by the end of the month, after the agency agreed it had done what it was intended to do.

  • June 04, 2025

    ContractPodAi Launches Tariff-Focused AI Software

    Contract management software provider ContractPodAi, which offers an automated legal assistant called Leah, announced the release of a tariff-focused chatbot that tracks global tariffs and trade regulations.

  • June 04, 2025

    Trump Ordered To Explain Why Layoffs Don't Flout Injunction

    A California federal judge ordered the Trump administration Wednesday to explain why preparations for layoffs at the State Department and Department of Housing and Urban Development do not violate an injunction she issued last month, saying she needed more details about the agencies' plans to evaluate their compliance.

  • June 04, 2025

    Idaho Mining Co. Hit With Suit Over Dump Site Contamination

    The U.S., Idaho and Native American tribes have hit Nu-West Industries Inc. with a Comprehensive Environmental Response, Compensation, and Liability Act lawsuit, alleging that hazardous substances from phosphate mining are being generated and disposed of at a dump site owned by the company within the Caribou-Targhee National Forest.

  • June 04, 2025

    ÃÛÌÒÊÓÆµ Resumes $4.2M Redress After Pressure From States

    California's Department of Financial Protection and Innovation said Wednesday that the Consumer Financial Protection Bureau is now making good on a $4.2 million redress plan for former students of a shuttered sales-training firm, following agency delays and subsequent pressure from various states.

  • June 04, 2025

    DOJ Won't Have To Give Agri Stats Specific Data Fields

    A Minnesota federal court refused to force the U.S. Department of Justice to identify specific data fields in industry reports produced by Agri Stats that allegedly allow meat processors to share sensitive information, finding the case is not centered on individual data points.

  • June 04, 2025

    Trump Nominates Ex-SBA Official For Top CFIUS Post

    A former U.S. Small Business Administration official from Donald Trump's first term has been nominated by the president to lead the U.S. government panel that reviews foreign investments for national security risks.

  • June 04, 2025

    Calif. Justices Asked To Clarify Limits Of Good Faith Defense

    A worker's counsel urged the California Supreme Court on Wednesday to find that employers must show they proactively took steps to ensure its pay practices complied with state requirements to establish a good faith defense against liquidated damages, while the employer's counsel declined to address the merits of the appeal.

  • June 04, 2025

    FTC Can't Exclude TikTok Blackout From Meta Case

    Meta Platforms can point to TikTok briefly going dark at the beginning of 2025 as it tries to fend off claims that it is monopolizing the social media market, after a D.C. federal judge refused to let the Federal Trade Commission lock the case to evidence from the year 2023.

  • June 04, 2025

    MoneyLion Says ÃÛÌÒÊÓÆµ Can't Duck Fed Funding Issue

    Online lending platform MoneyLion has doubled down on its bid for dismissal of a lawsuit brought by the Consumer Financial Protection Bureau, telling a New York federal judge that new reasoning from the U.S. Supreme Court confirms the agency is improperly funded and that it is not improper to file successive dismissal motions as the ÃÛÌÒÊÓÆµ has contended.

  • June 04, 2025

    DC Judge Weighs Harm In Teen Program Funding Fight

    A D.C. federal judge on Wednesday seemed unconvinced by Planned Parenthood's assertion that new federal grant requirements for a public health initiative aimed at preventing teen pregnancy are harmful enough to warrant a preliminary injunction.

  • June 04, 2025

    SEC Says Accountant Errors Don't Doom Crowdfunding Case

    The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.

  • June 04, 2025

    Willkie Farr Hires Financial Services Partner In DC

    Willkie Farr & Gallagher LLP has hired a McGuireWoods LLP attorney as a partner in Washington, D.C., to advise corporations on a range of legal issues, the firm announced Tuesday.

Expert Analysis

  • Evolving Federal Rules Pose Further Obstacles To NY LLC Act

    Author Photo

    Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.

  • Deregulation Memo Presents Risks, Opportunities For Cos.

    Author Photo

    A recent Trump administration memo providing direction to agencies tasked with rescinding regulations under an earlier executive order — without undergoing the typical notice-and-review process — will likely create much uncertainty for businesses, though they may be able to engage with agencies to shape the regulatory agenda, say attorneys at Blank Rome.

  • 4th Circ. 'Actionable Inaccuracy' Finding Deepens FCRA Split

    Author Photo

    The Fourth Circuit's March finding in Roberts v. Carter-Young Inc. that an actionable inaccuracy under the Fair Credit Reporting Act can be both legal and factual widens an existing circuit split and should prompt furnishers to review their processes for investigating readily verifiable information, say attorneys at Blank Rome.

  • Action Steps To Prepare For Ramped-Up Export Enforcement

    Author Photo

    In light of recent Bureau of Industry and Security actions and comments, companies, particularly those with any connection to China, should consider four concrete steps to shore up their compliance programs given the administration's increasingly aggressive approach to export enforcement, say attorneys at Gibson Dunn.

  • Series

    Law School's Missed Lessons: Mastering Discovery

    Author Photo

    The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.

  • DOJ Signals Major Shift In White Collar Enforcement Priorities

    Author Photo

    In a speech on Monday, an official outlined key revisions to the U.S. Department of Justice’s voluntary self-disclosure, corporate monitorship and whistleblower program policies, marking a meaningful change in the white collar enforcement landscape, and offering companies clearer incentives and guardrails, say attorneys at McGuireWoods.

  • Breaking Down 4th Circ. 'Actual Knowledge' Ruling For Banks

    Author Photo

    A recent decision from the Fourth Circuit finding that banks must have "actual knowledge" to be found liable for losses arising from an automated clearinghouse transfer warns that the more financial institutions know about a name mismatch issue for any particular transaction, the more liability they may face, say attorneys at Katten.

  • What New Study Means For Recycling Compliance In Calif.

    Author Photo

    Companies must review the California recycling agency's new study to understand its criteria for assessing claims of product and packaging recyclability under a law that takes effect next year, and then decide whether the risks of making such claims in the state outweigh the benefits, say attorneys at Keller & Heckman.

  • Maneuvering The Weeds Of Cannabis Vertical Integration

    Author Photo

    The conversation around vertical integration has taken on new urgency as the cannabis market expands, despite federal reform remaining a distant dream, so the best strategy for cannabis operators is to approach vertical integration on a state-by-state basis, say attorneys at Sweetspot Brands.

  • Russia Sanctions Spotlight: Divergent Approaches Emerge

    Author Photo

    With indications of greater divergence and uncertainty in Russia sanctions policy between the U.K., European Union and U.S., there are four general principles and a range of compliance steps that businesses should bear in mind when assessing the impact of a potentially shifting landscape, says Alexandra Melia at Steptoe.

  • Opinion

    The IRS Shouldn't Go To War Over Harvard's Tax Exemption

    Author Photo

    If the Internal Revenue Service revokes Harvard's tax-exempt status for violating established public policy — a position unsupported by currently available information — the precedent set by surviving the inevitable court challenge could undercut the autonomy and distinctiveness of the charitable sector, says Johnny Rex Buckles at Houston Law Center.

  • Balancing Deep-Sea Mining Executive Order, Int'l Agreements

    Author Photo

    President Donald Trump's recent executive order directing exploration and exploitation of deep-sea mineral resources appears to conflict with the evolving international framework regulating such activities, so companies and investors should proceed with care and keep possible future legal challenges in mind, say attorneys at Dentons.

  • CFTC Memos Clarify When 'Sorry' Still Gets You Subpoenaed

    Author Photo

    A pair of Commodity Futures Trading Commission advisories released in February and April open a new path to self-reporting but emphasize that serious breaches still warrant a trip to the penalty box, prompting firms to weigh whether — and how — to disclose potential violations in the future, say attorneys at Pryor Cashman.

  • The Future Of Privacy Enforcement Under Ferguson's FTC

    Author Photo

    Federal Trade Commission Chair Andrew Ferguson's early actions indicate a marked shift toward a more traditional approach to privacy enforcement, so companies should expect the commission to maintain a strong focus on enforcing Section 5 of the FTC Act in the privacy area, says Kandi Parsons at ZwillGen.

  • Parsing The SEC's New Increased Co-Investment Flexibility

    Author Photo

    The U.S. Securities and Exchange Commission's new co-investment exemptive orders simplify processes and reduce barriers for regulated funds — and rulemaking may evolve further to allow investors access to additional investment opportunities and increase available capital for issuers seeking to raise money from fund complexes, say attorneys at Simpson Thacher.

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!