Corp Fin posts three new CDIs on Rule 10b5-1
Last week, Corp Fin posted (and then deleted and reposted—but that’s another story) three new CDIs regarding the affirmative defense under Rule…
Source: lexology.com
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Recent Fourth Circuit Class-Certification Decisions Shed Light on Mootness, Standing, and Evidentiary Burden at Class Certification
Over the past year, the Fourth Circuit has issued three decisions on class certification—all of which either affirmed certification or reversed and…
Source: lexology.com
CFPB announces $9 million settlement with bank on credit card servicing
On May 23, the CFPB announced a settlement to resolve allegations that a National Bank violated TILA and its Implementing Regulation Z, along with…
Source: lexology.com
DOJ Appears to Shift Focus to Lenders in Paycheck Protection Program Investigations: What You Need to Know
The Department of Justice appears to be shifting its focus from investigating fraudulent behavior by Paycheck Protection Program (PPP) borrowers to…
United States Michael Galdo Small Business Administration Department Of Justice Bank Secrecy Act Paycheck Protection Program
Source: lexology.com
Russia Sanctions and Export Controls: New Measures in a U.S. Crackdown
The United States has strengthened economic sanctions and export controls targeting Russia, following through on commitments made at a G7 summit this…
United Kingdom United States Engineering Services To Persons Us State Department Foreign Assets Control State Department
Source: lexology.com
Daily Financial Regulation Update -- Saturday, May 27, 2023
U.S. House Financial Services Committee Chairman Patrick McHenry (NC-10) sent a letter to Secretary of the Treasury Janet Yellen regarding Treasury's…
Source: lexology.com
It Is Time to Check Your Onboarding Documents - Employer's Confidentially Agreement Renders Its Arbitration Agreement Unenforceable
On April 19, 2023, the California Court of Appeal held that an employer’s arbitration agreement was unenforceable because of unconscionable terms…
Los Angeles United States Jennifer Playu Alberto Cambrian In Los Angeles Superior Court California Court Cal App
Source: lexology.com
SEC vs. Philips: Expansion of Foreign Corrupt Practices Act
In May 2023, a complex SEC law enforcement proceeding was concluded against Philips, a public Dutch medtech company. The proceeding concluded with a…
United States York Stock Exchange New York Stock Exchange Foreign Corrupt Practices Act Philips China New York Stock
Source: lexology.com
Republican AGs Probe Insurers' Participation in Industry Climate Groups
On May 15, 2023, twenty-three Republican state Attorneys General (AGs) sent a letter to members of the Net-Zero Insurance Alliance (NZIA) expressing…
United States France General Asset Owners Alliance Insurance Alliance Net Zero Insurance Alliance Net Zero Asset Owners Alliance
Source: lexology.com
How to Avoid Immigration-Related Discrimination When Complying with U.S. Export Control Laws in Hiring and Employment Verification
On one hand, the Immigration and Nationality Act makes it illegal for employers to make hiring or recruiting decisions based on an applicant’s…
United States Administration Regulations International Traffic In Arms Regulations Department Of Justice Nationality Act International Traffic
Source: lexology.com