News and Events for Attorneys and Executives

Administrative Law

Federal Contractors’ Guide to SBA Set-Aside Contracts, Size Standards, Size Protests, and Affiliation

Insight
Fox Rothschild LLP has posted its Federal Contractors’ Guide to Small Business Administration Set-Aside Contracts, Size Standards, Size Protests, and Affiliation

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Wells Fargo Faces $1 Billion Fine to Settle Loan Abuses

Wells Fargo Faces $1 Billion Fine to Settle Loan Abuses

News
Reuters reports that Wells Fargo & Co. has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said on Friday.

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How Big Could Facebook’s Fine Theoretically Get? Hint: Four Commas, and Counting

News
Some former FTC officials see a huge penalty in store for Facebook if the agency finds more violations of the company’s users’ privacy.

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Enforcement Actions at Consumer Watchdog Agency Halt Under Trump

Enforcement Actions at Consumer Watchdog Agency Halt Under Trump

News
The Consumer Financial Protection Bureau has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever since a Trump appointee took over.

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Facebook Could Face Record Fine, Say Former FTC Officials

News
Facebook could face fines of $1 billion or more for the company’s mishaps with user data, says the former head of the FTC’s bureau of consumer protection.

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Renewable Energy Deals Targeted for More Scrutiny in New Trade Report

Insight
Even investments in renewable energy businesses may be affected by this broadening of interest in the industry, and should be considered by parties as part of deal due diligence and negotiations of investment and acquisition agreements, according to Morgan, Lewis & Bockius.

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PwC Faces Largest-Ever Auditor Malpractice Damages Verdict

PwC Faces Largest-Ever Auditor Malpractice Damages Verdict

News
The judge in the case has already ruled that PwC had been professionally negligent in not detecting the criminal fraud that led to the failure of Colonial Bank Group in 2009.

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Webinar Recording Available on SEC Cybersecurity Guidance

Webinar Recording Available on SEC Cybersecurity Guidance

On-Demand
Hunton & Williams LLP has posted an on-demand webinar discussing the Securities and Exchange Commission’s recently released cybersecurity guidance.

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Judge Dismisses Exxon’s Lawsuit, Letting Multi-State Fraud Investigation Continue

Judge Dismisses Exxon’s Lawsuit, Letting Multi-State Fraud Investigation Continue

News
A U.S. district judge in New York on Thursday dismissed Exxon’s lawsuit claiming officials in New York and Massachusetts conspired with environmental groups in planning the securities-fraud probe.

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Barclays Wins Its DOJ Gamble With $2 Billion Mortgage Settlement

News
Two former executives at the bank also settled Thursday and agreed to pay $2 million to resolve claims without admitting wrongdoing.

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The Buy American Act and Trade Agreements Act: Understanding Federal Domestic Preference Requirements

The Buy American Act and Trade Agreements Act: Understanding Federal Domestic Preference Requirements

On-Demand
PilieroMazza has posted an on-demand webinar discussing compliance with new laws requiring or providing a preference for the purchase of goods, products, or materials produced in the United States.

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Talk About an Electric Shock – Power Company Fined $2.7M After Data Breach

News
The unnamed power company had inadvertently allowed critical cyber security data to be exposed online for 70 days, reports Troutman Sanders.

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State Department Updating Contracting Language to Head Off Confusion

News
The change is intended to head off problems such as the one seen earlier this year when a contractor would not comply with requests for an IT audit of security controls.

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AT&T Wants to Buy Time Warner To ‘Weaponize’ Its Content, Government Says in Antitrust Trial

AT&T Wants to Buy Time Warner To ‘Weaponize’ Its Content, Government Says in Antitrust Trial

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In opening arguments, Justice Department lawyer Craig Conrath said AT&T could use Time Warner’s content as a weapon against competitors that rely on the programming.

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Trump Labor Board Member Forgot About Conflict of Interest, Watchdog Says

Trump Labor Board Member Forgot About Conflict of Interest, Watchdog Says

News
National Labor Relations Board Member William Emanuel violated a White House ethics pledge by participating in a closely watched case involving his former law firm, the NLRB’s inspector general concluded in a report obtained by Bloomberg Law.

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Former Jones Day Attorney Tapped For Position at the EEOC

News
The top litigator position at the Equal Employment Opportunity Commission has been vacant since December of 2016.

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Trump Labor Board Scrambles to Avoid Pro-Worker Ruling, Lawyers Claim

Trump Labor Board Scrambles to Avoid Pro-Worker Ruling, Lawyers Claim

News
If the workers win at trial, the case could have a profound effect on how major corporations are held liable for workplace wrongdoing, Bloomberg reports.

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Political and Economic Realities Hamper Efforts to Reopen U.S. Waters to Offshore Drilling

Insight
A post on the website of Haynes and Boone calls attention to an apparent failure to acknowledge economic realities of oil and gas leasing and operating in the Outer Continental Shelf.

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State Court Judge – Who Wouldn’t Marry Same-Sex Couples – Suspended for 3 Years

News
The court found that the Marion County Circuit Court committed “willful misconduct” and made “willful misstatements” to investigators to cover up the truth, according to The Oregonian.

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Supreme Court to Clarify Applicability of Arbitration Act to Transportation Contracts

Supreme Court to Clarify Applicability of Arbitration Act to Transportation Contracts

Insight
The case will be important for in-house and private transactional attorneys who draft contracts with transportation sector independent contractors, as well as litigators handling employee misclassification cases, according to Holland & Knight.

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