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Compliance
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July 17, 2025
SEC Fraud Suit Against Ex-Online Pharmacy Execs Advances
A New York federal judge has declined to dismiss a majority of the U.S. Securities and Exchange Commission's claims against former executives of a now-defunct online pharmacy called Medly, finding the agency adequately pleaded that the executives made false statements or acted recklessly, among other misconduct.
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July 17, 2025
3 Crypto Bills Pass House, With Stablecoins Headed To Trump
The House of Representatives on Thursday agreed to send a bill to regulate stable-value tokens to the president's desk, in addition to advancing proposals to regulate crypto markets and ban the government from exploring the issuance of a digital dollar onto the Senate.
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July 17, 2025
2 Firms To Lead Target Shareholder Suit Over DEI Initiatives
Rigrodsky Law PA and Levi & Korsinsky LLP will lead a now-consolidated shareholder derivative action accusing Target Corp.'s executives and directors of harming investors by greenlighting the company's diversity, equity and inclusion initiatives and its offerings of LGBTQ-related merchandise.
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July 17, 2025
7th Circ. Signs Off On Searches Tied To Convictions
The Seventh Circuit has ruled that a warrant used to charge two men with cocaine trafficking and felony weapons crimes was valid and that a lower court was correct to allow the evidence turned up in the search to be presented at trial.
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July 17, 2025
Public Advocates Voice Concern At FCC Regulation Cut Plan
Nearly two dozen public interest groups told the Federal Communications Commission's leader Thursday they are worried about an FCC plan to cut rules from its books using staff authority as a way to get around public notice and comment.
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July 17, 2025
11th Circ. Says Ex-Quest Diagnostics Worker's FCA Suit Fails
The Eleventh Circuit declined to revive a former Quest Diagnostics Inc. compliance officer's False Claims Act suit against the lab testing company, ruling she had failed to allege a specific claim of medical billing fraud after some 15 years of litigation.
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July 17, 2025
SEC Atty Exits After Hiding Revoked License, OIG Says
A longstanding employee of the U.S. Securities and Exchange Commission resigned after it was discovered that they had falsely reported being in good standing with a state bar association, according to the regulator's inspector general.
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July 17, 2025
Justices' 'Tea Leaves' Don't OK Illegal FTC Firing, Court Says
A D.C. federal judge ordered the restoration of a fired Federal Trade Commission Democrat's job Thursday, setting up a D.C. Circuit clash that could go to the U.S. Supreme Court on her conclusion that President Donald Trump violated a law permitting the termination of FTC members only for cause.
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July 17, 2025
EU Approves Luxembourg Beverage Deal With Fix
European enforcers have approved beverage producer and distributor Brasserie Nationale's planned purchase of a Luxembourg-based wholesaler, after the companies agreed to unload a portion of the business that sells to hotels, restaurants and cafes in the country.
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July 17, 2025
FCC Asks 5th Circ. To Reinstate $57M AT&T Data Privacy Fine
The Federal Communications Commission is asking for the full Fifth Circuit to take up an April panel decision finding the commission's in-house adjudications unconstitutional, arguing that a recent U.S. Supreme Court decision "effectively abrogated" the precedent that the panel ruling for AT&T was partly predicated on.
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July 17, 2025
Calif. Accuses Airbnb Of Price-Gouging During Wildfires
California accused Airbnb in a state court lawsuit of price-gouging residents of Los Angeles and Ventura counties as the Palisades and Eaton fires raged and in the weeks that followed, despite warnings from the state's attorney general.
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July 17, 2025
EPA Merging Offices As Reorganization Continues
The U.S. Environmental Protection Agency on Thursday said it's consolidating and shuffling some of its internal offices, including those handling finance and enforcement, the latest in a series of changes and cutbacks at the EPA.
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July 17, 2025
Musk, SEC Seek More Time For Response In Twitter Case
Elon Musk and the U.S. Securities and Exchange Commission on Thursday jointly asked a D.C. federal court to allow the billionaire more time to respond to the agency's complaint that he failed to timely report his Twitter purchases before buying the platform and renaming it X.
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July 17, 2025
Fla. Judge Rejects US Service Members' Timeshare Claims
A Florida federal judge sided with Holiday Inn Club Vacations Inc. and its timeshare financier on Thursday in a putative class action by two U.S. Air Force members alleging that their timeshare loan contracts violated the Military Lending Act.
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July 17, 2025
Senate Moves Closer To Confirming Trump's NTIA Chief Nom
The U.S. Senate stepped closer Thursday to confirming President Donald Trump's choice to lead the government agency that manages federal use of spectrum.
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July 17, 2025
FCC Approves Alaska Telecom's Performance Revisions
With improved backhaul access in hand, GCI Communication Group is committing to deliver 10/1 megabits per second 4G LTE service to an additional 7,500 Alaskans, according to an Alaska Plan individual performance revision approved by the Federal Communications Commission.
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July 17, 2025
Fla. AG, Sandoz Clash With Other Enforcers Over 'Done' Deal
Sandoz and Florida's attorney general pressed a Connecticut federal judge Wednesday to let them settle out of sweeping price-fixing litigation against generic-drug makers, contending that federal civil procedure rules give no room for objections from other state enforcers worried the Sunshine State deal interferes with their own ability to negotiate settlements. Â
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July 17, 2025
EU Sends Hungary To Court Of Justice Over ECT Stance
The European Commission said it will refer Hungary to the European Union's Court of Justice to address a potential violation of EU law, claiming it has contradicted the union's position on intra-EU arbitrations under the Energy Charter Treaty and refused to abide by the court's case law.
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July 17, 2025
PE Firm Is Denied FDA Docs For Defense In Deal Challenge
An Illinois federal court on Wednesday denied a request from private equity firm GTCR BC Holdings LLC to force the U.S. Food and Drug Administration to produce more than a decade's worth of medical device approval applications as the firm fights a merger challenge from enforcers.
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July 17, 2025
Ga. AG Asks 11th Circ. To Review Social Media Age Limit Case
The state of Georgia has appealed a preliminary injunction that halted enforcement of Georgia's new restrictions on minors' use of social media on constitutionality grounds to the Eleventh Circuit.
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July 17, 2025
Insurer Says Pollution Exclusion Applies To Asbestos Suits
A Berkshire Hathaway unit said it doesn't owe coverage to a paint and drywall product manufacturer in a number of asbestos exposure suits, telling a Texas federal court Thursday that coverage is barred by a pollution exclusion in its umbrella and excess policies.
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July 17, 2025
CFTC Restructures Enforcement Division Amid Layoffs
The Commodity Futures Trading Commission plans to lay off around two dozen staff members and has restructured its enforcement division by eliminating some management positions, a person familiar with the matter told Law360 Thursday.
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July 17, 2025
Connecticut Music Festival Organizer To Pay $50K In Refunds
The bankrupt organizer of a botched Connecticut music festival known as Capulet Fest has agreed to pay up to $50,000 in restitution to ticket buyers to settle an investigation into possible violations of state law, the attorney general's office said Thursday.
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July 17, 2025
IRS Leaker Asks DC Circ. To Bar Comments By Ex-Employer
A tech worker appealing a five-year sentence for leaking tax returns while on the job at the IRS through contractor Booz Allen asked the D.C. Circuit on Thursday to block his former employer from weighing in, saying the company's opinion that he should finish his prison term is irrelevant.
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July 17, 2025
Neb. Asks Justices To Resolve River Dispute With Colo.
Nebraska is asking the U.S. Supreme Court to resolve its claims that Colorado is failing to deliver water from the South Platte River according to the terms of an early 20th-century compact.
Expert Analysis
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Capital One Deal Approval Lights Up Path For Bank M&A
The federal banking regulators' recent approval of Capital One's acquisition of Discover signals the agencies' willingness to approve large transactions and a more favorable environment generally for bank mergers under the Trump administration, say attorneys at Arnold & Porter.
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Bills' Defeat Means Brighter Outlook For Texas Renewables
The failure of a trio of bills from the recently concluded Texas legislative session that would have imposed new burdens on wind, solar and battery storage projects bodes well for a state with rapidly growing energy needs, say attorneys at Troutman.
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Gauging The Risky Business Of Business Risk Disclosures
With the recent rise of securities fraud actions based on external events — like a data breach or environmental disaster — that drive down stock prices, risk disclosures have become more of a sword for the plaintiffs bar than a shield for public companies, now the subject of a growing circuit split, say attorneys at A&O Shearman.
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New FCPA Guidance Creates 5 Compliance Imperatives
In light of new Foreign Corrupt Practices Act guidelines that mark a fundamental shift in enforcement priorities, companies should consider several specific steps to ensure compliance, from enhanced due diligence to robust whistleblower protections, says Andrew Wirmani at Reese Marketos.
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Series
Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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DOJ Enforcement Trends To Watch In 2nd Half Of 2025
Recent investigations, settlements and a declination to prosecute suggest that controlling the flow of goods into and out of the country, and redressing what the administration sees as reverse discrimination, are likely to be at the forefront of the U.S. Department of Justice's enforcement agenda the rest of this year, say attorneys at Baker Botts.
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Employer Tips As Deepfakes Reshape Workplace Harassment
As the workplace harassment landscape faces the rising threat of fabricated media that hyperrealistically depict employees in sexual or malicious contexts, employers can stay ahead of the curve by tracking new legal obligations, and proactively updating policies, training and response protocols, say attorneys at Littler.
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Series
NY Banking Brief: All The Notable Legal Updates In Q2
In the second quarter of the year, New York utilized every available tool to fill gaps left by federal retrenchment from consumer finance issues, including sweeping updates to its consumer protection framework and notable amendments to cybersecurity rules, say attorneys at Steptoe.
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SEC Proposal Could Hurt Foreign Issuers' US Market Access
The U.S. Securities and Exchange Commission’s June call for feedback on potentially narrowing how it designates foreign private issuers of securities could ultimately result in significant new barriers for traders that rely on FPI accommodations to participate in U.S. markets, say attorneys at Gibson Dunn.
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State, Fed Junk Fee Enforcement Shows No Signs Of Slowing
The Federal Trade Commission’s potent new rule targeting drip pricing, in addition to the growing patchwork of state consumer protection laws, suggest that enforcement and litigation targeting junk fees will likely continue to expand, says Etia Rottman Frand at Darrow AI.
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Federal Regs Order May Spell Harsher FDCA Enforcement
A recent executive order aimed at reducing criminal prosecutions of those who unknowingly violate complex federal regulations may actually lead to more aggressive felony indictments under the Federal Food, Drug and Cosmetic Act, but companies and executives can mitigate risks by following several key principals, say attorneys at McGuireWoods.
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DOJ's 1st M&A Declination Shows Value Of Self-Disclosures
The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.
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Nev. Steps Up Efforts To Attract Incorporations With New Law
Recent amendments to Nevada corporate law, which will narrow controlling stockholders’ liability, streamline mergers and allow companies to opt out of jury trials, show the interstate competition to attract new and reincorporating companies is still heating up, say attorneys at Simpson Thacher.
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Navigating Enforcement Risks Facing Data Centers
The importance of data centers seems to escalate daily alongside advancements in artificial intelligence and other technologies, but the enforcement risks they may face during development and operation merit attention, whether engaged with data centers as an investor, owner or operator, say attorneys at King & Spalding.