Legal

Regulation

FTC Sues to Reverse Altria’s Investment in Juul

“Altria and Juul turned from competitors to collaborators by eliminating competition and sharing in Juul’s profits."

Matthew Heller
April 2, 2020
Fraud

High Court Hears Dispute Over ‘Ill-Gotten Gains’

The justices appeared skeptical that the SEC exceeded its powers by obtaining a $27 million disgorgement order against a California couple.
Legal

Cardinal Health Fined $8M for FCPA Violations

The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
Legal

Steven Seagal Fined for Touting Cryptocurrency

"Celebrities are not allowed to use their social media influence to tout securities without appropriately disclosing their compensation."
Legal

FanDuel Employees, Founders Sue Over Getting Nothing in Merger

The plaintiffs allege investors artificially lowered the price to cut out common shareholders.
Legal

Wells Fargo Fined $3B Over Fake-Accounts Scandal

“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.
Regulation

Barr Questions Lawsuit Immunity for Tech Firms

A 1996 law that protects operators of online platforms from liability for user-posted content may no longer be necessary, the attorney general says.
Legal

U.S. Supreme Court Sides With ERISA Plaintiff

The ruling in a case against Intel could make it easier for retirement plan beneficiaries to sue administrators for investing plan funds imprudently.
Disclosure

Diageo Fined for ‘Overshipping’ to Meet Targets

The SEC says the liquor company misled investors that it was achieving growth in key performance indicators through normal customer demand.
Legal

Huawei Hit With New Charges; CFO Named as Defendant

Federal prosecutors allege the company stole trade secrets and lied to a congressional commitee.
Legal

Facebook Settlement May Trigger More Privacy Laws

The social media giant's $550 million settlement of a class-action case alleging that it violated an Illinois privacy statute could have a ripple effect.
Fraud

Solar Firm Owners Charged With ‘Massive’ Fraud

The owners of DC Solar raised nearly $910 million by selling investors solar generators that did not exist, the SEC said.
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