Blog
Corporate Malfeasance, Corruption and Cybercrime: 3 White Collar Crimes to Lookout for in 2022
The Department of Justice has spent the second half of 2021 implementing policy changes and enforcement initiatives aimed at fostering a tougher approach towards white collar enforcement. More specifically, Deputy U.S....
Big Tech’s Deceptive Fight for Small Business Support Against Proposed Antitrust Legislation
Recently, Congress has introduced several antitrust bills that seek to tightly regulate Big Tech companies in everything from anticompetitive mergers to preferential treatment for their own products and services. Both...
Admissions of Guilt in SEC Settlements
On December 17, 2021, the SEC announced a $125 million settlement with JPMorgan Chase & Co., disposing of allegations that the bank failed to properly monitor and retain its employees’ work-related communications.[1]...
SEC more heavily scrutinizing of SPAC-related mergers
The SEC has recently turned its attention towards regulating businesses structured as special purpose acquisition companies, or SPAC’s. An SPAC is a publicly-listed shell corporation that is organized for the purpose of...
Department of Justice Defeats Motion to Dismiss in First Criminal Prosecution of Price-Fixing in Labor Market
Over the years, Federal Regulators have steadily increased their scrutiny of agreements that restrict solicitation, wages or movement of employees. The Department of Justice Antitrust Division and Federal Trade Commission...
Ambitious Statements and the Securities Lawsuits they Attract
Snap Inc. (“Snap”) is, once again, embattled by charges of violation of federal securities laws. The self-described “camera company,” whose main product is the well-known social media application “Snapchat,”is facing a...
SEC to Attorneys: Help Register Cryptocurrencies Instead of Advising on How to Skirt Securities Laws
On November 4, 2021, U.S. Securities and Exchange Commission (“SEC”) Chairman Gary Gensler spoke at the Securities Enforcement Forum. While Gensler spoke on a variety of topics related to the agency’s enforcement mission,...
23andMe’s Business Strategy Highlights the Need for More Data Privacy Laws
23andMe rose to success by selling at home DNA tests ultimately purchased by more than 11 million individuals. By some estimates 1 in 5 Americans have handed over their DNA to 23andMe or companies like it.[1] But for many...
The Boeing Case: When Directors Can Be Held Responsible for a Company’s Negligence
Introduction: Successful shareholder derivative lawsuits can be an uphill battle for plaintiffs seeking to hold a company’s directors liable for breaches of their fiduciary duties. However, a recent development out of the...
Cryptobusters: DOJ Announces National Cryptocurrency Enforcement Team
On October 6, 2021 Deputy Attorney General Lisa O. Monaco announced the creation of a National Cryptocurrency Enforcement Team (NCET) to tackle complex investigations and to prosecute criminal misuses of cryptocurrency....