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Compliance

  • June 05, 2025

    SEC Seeks To Cut Enforcement Staff To 2010 Levels

    The U.S. Securities and Exchange Commission could see its lowest level of enforcement attorneys since the first Obama administration if Congress approves the agency's requested budget, with the proposal indicating that even more workers could leave the SEC in the next fiscal year. 

  • June 05, 2025

    $1.36B Home Healthcare Deal Dropped Amid FTC Scrutiny

    Healthcare solutions company Owens & Minor said Thursday that it's abandoning its $1.36 billion plan to buy home-based care business Rotech Healthcare Holdings after the Federal Trade Commission's scrutiny proved too much to bear.

  • June 05, 2025

    Fed, OCC Face Bipartisan Call For Leverage Ratio Reform

    Republican and Democratic lawmakers teamed up Thursday to urge federal banking regulators to revisit their bank leverage rules "with haste," pointing to U.S. Treasury market liquidity concerns and asking for details about potential adjustments under consideration.

  • June 05, 2025

    SEC Panel Backs Rules Curbing Advisers' Arbitration Power

    An investor-focused committee recommended Thursday that the U.S. Securities and Exchange Commission enact rules governing mandatory arbitration clauses between registered investment advisers and their clients, concerned that such clauses can harm investors.

  • June 05, 2025

    Citi Let Hackers Bleed Med School Of Over $800K, Suit Says

    University of Medicine and Health Sciences has sued Citibank in New York federal court, accusing it of letting hackers drain its bank account even after staff repeatedly warned they had been locked out and feared a cyberattack.

  • June 05, 2025

    DOJ Says Cross-Border Monopoly Member Deserves 11 Years

    The U.S. Department of Justice is seeking 11 years in prison and a $2 million fine for a man who pled guilty to charges tied to the running of a cross-border used-car transport business, which prosecutors say used violence to keep competition at bay.

  • June 05, 2025

    Crypto Hedge Fund Co-Founder To Pay $944K In SEC Suit

    A co-founder of hedge fund firm BKCoin Management LLC has agreed to pay $944,000 to the U.S. Securities and Exchange Commission to resolve claims that he and the Miami-based investment adviser fraudulently raised $100 million from 55 investors between 2018 and 2022 under the guise of investing in crypto assets.

  • June 05, 2025

    Top Groups Lobbying The FCC

    The Federal Communications Commission heard from advocates more than 100 times in May on issues such as making room for 5G's use of the airwaves, licensing tribal spectrum, broadband mapping, the 12.7 gigahertz band, FCC satellite rules and more.

  • June 05, 2025

    Juul Beats Distributor's E-Cig Price Discrimination Suit

    An Illinois federal judge Wednesday permanently dismissed a price discrimination suit against Juul Labs, finding that a gas station distributor alleging it was given worse terms than a rival on e-cigarette products torpedoed its own case when it removed details of the alleged market from its latest complaint.

  • June 05, 2025

    No Injunction Or Remand In Marine's Vape Discharge Dispute

    A Court of Federal Claims judge denied a former U.S. Marine Corps air traffic control officer's bid for an injunction as he challenges his discharge for allegedly using a prohibited vape, saying the court lacks the power to prevent the government from releasing "disparaging" information.

  • June 05, 2025

    Amec Unit, Ga. Power End 'Vexatious' Biofuel Plant Fight

    Energy construction giant Amec Foster Wheeler and a Georgia power company have reached an agreement ending a lawsuit in which the power company accused Amec of fraud and negligence in the design and construction of power generating equipment at two biofuel plants.

  • June 05, 2025

    DOJ Wants Fix-It-1st Mergers, Not 'Fix-It-2nd'

    The U.S. Department of Justice Antitrust Division's top merger official walked a fine line Wednesday between avoiding "a lingering regulatory review tax" on benign transactions and over-confident prognostications that markets will "self-correct" without intervention, and between encouraging companies to address concerns upfront and "shadow" settlements with the government.

  • June 05, 2025

    'Survivor' Winner Ordered To Pay $3.3M Tax Bill

    The first winner of reality competition show "Survivor" must pay his $3.3 million tax bill, but the government is not allowed to enforce tax liens by forcing the sale of two properties, a Rhode Island federal court ruled Thursday.

  • June 05, 2025

    Paralegal Gets Firm's Extortion Counterclaim Nixed

    A law firm's counterclaim accusing a paralegal of launching an unpaid overtime wages lawsuit against it in order to try to extort it for money cannot proceed, a Texas federal judge ruled Thursday, saying the claim isn't sufficiently linked to the underlying dispute.

  • June 05, 2025

    Insurance Agent's Firing Claims Are Duplicative, Court Told

    A Connecticut insurance company wants a terminated agent's wrongful discharge claim trimmed from a lawsuit alleging he was fired for asking questions about practices he believed violated state licensing laws, saying his common-law claim duplicates a free speech claim under a state employment statute.

  • June 05, 2025

    DOJ Says NCAA Eligibility Rule May Benefit Student-Athletes

    The U.S. Department of Justice is weighing in on the NCAA's eligibility rule, saying it is not asserting a position but asking the court to take a measured approach when considering the preliminary injunction request of a University of Tennessee basketball player.

  • June 05, 2025

    DOL Head Vows To Fight Wage Theft With Fewer Investigators

    The U.S. labor secretary told a U.S. House committee Thursday that the Department of Labor will continue to combat wage theft even with fewer resources after President Donald Trump's administration proposed cutting the number of wage and hour investigators.

  • June 05, 2025

    DOL Benefits Arm Needs Turnaround, Nominee Tells Senators

    President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more.

  • June 05, 2025

    How Trump's Pardons Could Sway Prosecutorial Discretion

    As President Donald Trump dismantles a growing list of white collar criminal cases with a flurry of clemency grants early in his second term, erasing years of investigative and prosecutorial work with a stroke of his black Sharpie, experts worry his actions will have a chilling effect on prosecutorial decision-making.

  • June 05, 2025

    USDA Sued Over $13M Food Aid Cut In Pennsylvania

    Pennsylvania sued the U.S. Department of Agriculture for pulling $13 million in funds meant for a local food purchase assistance program, telling a federal judge that the decision will have a "devastating effect" on the state's farmers and food banks contrary to the department's mission.

  • June 05, 2025

    Connecticut Lawmakers OK Bill Targeting Illicit THC

    Legislators in Connecticut have approved a bill cracking down on illicit marijuana and hemp product sales outside the state's regulated marketplace.

  • June 05, 2025

    Judge Wants Details On Harm From Trump Wind Farm Pause

    A Massachusetts federal judge Thursday asked a coalition of states and a clean-energy advocacy group for more specifics about the harm they allegedly will be caused by the Trump administration's decision to pause wind farm permitting, and said he wanted to move forward with a trial "promptly."

  • June 05, 2025

    Calif. Assembly OKs Exemption For Returned Tribal Land

    California land that is transferred to a federally recognized Native American tribe would be exempt from state real estate transfer tax under a bill passed in the state Assembly. 

  • June 05, 2025

    Bernstein Litowitz Can Hire Ex-SEC Atty Over Musk Objection

    A New York federal judge on Thursday gave the all-clear for investor-side firm Bernstein Litowitz Berger & Grossmann LLP to hire the U.S. Securities and Exchange Commission's former litigation chief over the objections of Elon Musk.

  • June 05, 2025

    Supreme Court Bars Hamas Victims From Reviving Bank Suit

    The U.S. Supreme Court ruled Thursday that victims of Hamas terrorist attacks cannot get a second shot at filing a lawsuit that seeks to hold a Lebanese bank liable for aiding and abetting Hamas, reasserting that final judgments can only be reopened under "extraordinary circumstances."

Expert Analysis

  • How To Address FCA Risk After 4th Circ. Ruling On DEI Orders

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    Following the Fourth Circuit's ruling in National Association of Diversity Officers in Higher Education v. Trump, which freed the administration to enforce executive orders targeting diversity, equity and inclusion programs, government contractors should take stock of potentially unlawful DEI programs, given their heightened risk under the False Claims Act, say attorneys at Sidley.

  • Avoiding Compliance Risks Under Calif. Recycling Label Law

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    CalRecycle's recently published final findings on California's S.B. 343 — determining which products and packaging materials are eligible to use the "chasing arrows" recyclability symbol — offer key guidance that businesses operating in the state must heed to avert the risk of penalties or litigation, says Christopher Smith at Greenspoon Marder.

  • FDIC Unlocks A Door To Banks' Potential Crypto Future

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    The Federal Deposit Insurance Corp.'s recent crypto guidance broadens the scope of permissible activities for banks to an unprecedented level, although most institutions are unlikely to initiate or expand such practices in the immediate future, says Amanda Kowalski at Barley Snyder.

  • Del. Dispatch: Open Issues After Corp. Law Amendments

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    Recent amendments to the Delaware General Corporation Law represent a significant change in the future structuring of boards and how the First State will approach conflicted transactions, but Delaware courts may interpret the amendments narrowly, limiting their impact, say attorneys at Fried Frank.

  • Series

    Playing Football Made Me A Better Lawyer

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    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • What Del. Supreme Court LKQ Decision Means For M&A Deals

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    The Delaware Supreme Court's recent decision in LKQ v. Rutledge greatly increases the enforceability of forfeiture-for-competition provisions, representing an important affirmation of earlier precedent and making it likely that such agreements will become more common in M&A transactions, say attorneys at Mayer Brown.

  • Tracking FTC Labor Task Force's Focus On Worker Protection

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    The Federal Trade Commission recently directed its bureaus to form a joint labor task force, shifting the agency's focus toward protecting consumers in their role as workers, but case selection and resource allocation will ultimately reveal how significant labor markets will be in the FTC's agenda, say attorneys at Venable.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

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    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • Aviation Watch: New FAA Chief Will Face Strong Headwinds

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    Once confirmed, Bryan Bedford, President Donald Trump's nominee to head the Federal Aviation Administration, will face steep challenges — including a shortage of air traffic controllers, a recent spate of high-profile crashes, and the difficulty of working within an administration intent on cutting staffing and funding, says Alan Hoffman, a retired attorney and aviation expert.

  • How Trump Energy Order May Challenge State Climate Efforts

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    Even if the Trump administration's recent executive order targeting state and local environmental, climate and clean energy laws, regulations and programs doesn't result in successful legal challenges to state authority, the order could discourage state legislatures from taking further climate action, say attorneys at Foley Hoag.

  • The SEC's Administrative Law Courts Are At A Crossroads

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    The U.S. Department of Justice's recent departure from its prior defense of the U.S. Securities and Exchange Commission's administrative law judges' legitimacy moves the forum deeper into a constitutional limbo that likely requires congressional action, says Dean Conway at Carlton Fields.

  • SEC's Noteworthy Stablecoin Guidance Comes With Caveats

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    The U.S. Securities and Exchange Commission recently issued a statement concluding that a narrow class of stablecoins doesn't involve the offer or sale of securities — a significant step forward in recognizing that not all crypto-assets are created equal, though there remains a pressing need for broader regulatory clarity, say attorneys at A&O Shearman.

  • Self-Disclosure Calculus Remains Complex Under Trump DOJ

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    Shifting policy focus under the Trump administration's Justice Department has created uncertainty for individuals considering voluntarily self-disclosing crimes that are no longer considered an enforcement priority, but there has been no indication that the administration intends on dialing back self-disclosure programs, say attorneys at Fox Rothschild.

  • Electronic Shelf Labels Pose Myriad Risks For Retailers

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    While electronic shelf labels offer retailers a new way to convey pricing and other product information to consumers, the technology has attracted the attention of U.S. policymakers and consumer advocates, so businesses must assess antitrust, data privacy and discrimination risks before implementation, say attorneys at Baker McKenzie.

  • 4 Ways US Banks Can Operate In Canada

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    Contrary to recent statements from the Trump administration, there are several options for U.S. banks that want to operate and compete in Canada, and the country’s bank ownership regime may actually be more favorable to U.S. banks than to Canadian shareholders, say attorneys at Torys.

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