Regulation & Compliance: Page 15
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xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Germany Fines Facebook for Understating Complaints
German authorities have fined Facebook 2 million euros ($2.3 million) for misleading the public about the amount of illegal content, including hate speech, on its platform.The Federal Office of Justice (FOJ) said Tuesday that Facebook’s transparency report for the first half of 2018 understated t...
By Matthew Heller • July 2, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
EU Regulator Opens Antitrust Probe of Broadcom
Margrethe Vestager EU regulators said Wednesday they will order Broadcom to cease enforcing exclusivity agreements with TV and modem makers while it conducts an antitrust investigation of the chip manufacturer.The European Commission is authorized to impose “interim measures” on companies when it...
By Matthew Heller • June 26, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Leave Room to Negotiate a Future Insurance Claim
There’s a world of difference between an insurer being able to take action solely at its option vs. having to negotiate a claim in good faith. Arranging the right insurance policy language up front is the key to making this happen.Let’s look at three examples in commercial property/casualty insur...
By David McCann • June 17, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Why Effective Compliance Means Making Friends
Amid a climate of increasing regulatory enforcement, demands for companies to be more transparent, and the growing threat that a compliance violation could cause reputational damage, compliance officers are taking a closer look at their internal programs.One major area of concern: the compliance ...
By Sundar Narayanan • June 10, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Insys to Pay $225M to Settle Painkiller Probes
Opioid maker Insys Therapeutics has agreed to pay $225 million to settle allegations that it paid kickbacks to doctors and nurse practitiioners to induce them to prescribe its flagship fentanyl painkiller.As part of the deal, Insys will plead guilty to five criminal counts of mail fraud and pay a...
By Matthew Heller • June 10, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
SEC Charges Longfin CEO With Accounting Fraud
The U.S. Securities and Exchange Commission has filed additional charges against the CEO of Longfin, alleging he falsified the cryptocurrency firm’s revenue and fraudulently secured its public listing.The civil fraud complaint filed on Wednesday against Venkata Meenavalli came just over a year af...
By Matthew Heller • June 6, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
SEC Sues App Developer Kik Over $100M ICO
The U.S. Securities and Exchange Commission has charged messaging app developer Kik Interactive with conducting an illegal $100 million initial coin offering in a case that could clarify whether digital tokens are securities.The SEC said in a civil complaint filed on Tuesday that Kik violated sec...
By Matthew Heller • June 5, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
CFOs Can Lead Efforts to Manage Water Risk
During the 2019 Ceres Conference, Jack Ehnes, CEO of CalSTRS, one of the nation’s largest pension funds, moderated a discussion during which panelists suggested that CFOs should lead conversations on how to address our world’s biggest threat: climate change.Among the many risks posed by climate c...
By David McCann • June 4, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Navistar Settles Defective Engine Suits for $135M
Navistar has agreed to pay $135 million to truck owners who claimed it failed to disclose or correct a defect in engine exhaust-treatment systems.The settlement of several class actions, which was announced in a regulatory filing, covers owners of about 65,000 heavy-duty trucks sold between 2010 ...
By Matthew Heller • May 30, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Court Dismisses Suit Over CBOE’s ‘Fear Gauge’
A federal judge has dismissed an investor class action alleging the Chicago Board Options Exchange facilitated the manipulation of its closely-watched VIX index to benefit itself financially.The VIX, CBOE’s most profitable product, measures stock market volatility and is widely known as Wall Stre...
By Matthew Heller • May 30, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Senate Passes Bill to Crack Down on Robocalls
The U.S. Senate overwhelmingly passed a bipartisan bill to combat robocalls, tackling what one sponsor called a “consumer protection crisis.”The Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act would, among other things, increase fines for robocallers to as much as $10,00...
By Matthew Heller • May 28, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Major Landlord Accused of ‘Ponzi-Like’ Fraud
One of the largest landlords in the U.S. has been charged with using money raised through private securities offerings to satisfy his obligations to earlier investors in “a Ponzi scheme-like manner.”The U.S. Securities and Exchange Commission said Robert C. Morgan, whose Rochester, N.Y.-based rea...
By Matthew Heller • May 23, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
High Court Rejects Extension of Citizens United
The U.S. Supreme Court has declined an opportunity to extend its landmark Citizens United campaign finance decision by striking down Massachusetts’ ban on corporations making direct contributions to political campaigns.Two Massachusetts companies had asked the Supreme Court to review their First ...
By Matthew Heller • May 21, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
California Faults PG&E for Deadly Wildfire
The deadliest and most destructive wildfire in California history was sparked by a malfunction of PG&E electrical equipment, a state investigation has concluded.The California Department of Forestry and Fire Protection spent six months investigating the Camp Fire, which killed 85 people, dest...
By Matthew Heller • May 16, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Supreme Court Deals Antitrust Blow to Apple
iPhone users have cleared an initial hurdle in an antitrust lawsuit against Apple as the U.S. Supreme Court ruled they can sue the company for charging too much for apps sold in the App Store.Apple had sought to dismiss the class action, arguing it acted only as an intermediary between app develo...
By Matthew Heller • May 13, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Huawei CFO Argues for Halt to Extradition Case
Attorneys for Huawei’s CFO previewed their arguments for halting U.S. efforts to extradite her from Canada, citing comments by President Donald Trump to support their view that the case is politically motivated.The U.S. is seeking Meng Wanzhou’s extradition on charges that she deceived banks as p...
By Matthew Heller • May 9, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
CFPB Proposes Limits on Debt Collection Calls
The Consumer Financial Protection Bureau proposed new debt collection rules on Tuesday that would restrict telephone contact between collectors and consumers but allow unlimited text messages.The CFPB’s proposal represents the first update to the Fair Debt Collection Practices Act (FDCPA) in more...
By Matthew Heller • May 7, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
SEC Freezes Assets in Anadarko Trading Probe
The U.S. Securities and Exchange Commission has obtained a freeze on what it says are illicit proceeds from insider trading in Anadarko Petroleum ahead of the announcement of a takeover offer by Chevron.A New York judge on Monday granted the freeze on accounts linked to large purchases of call op...
By Matthew Heller • April 30, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Don’t Break Up Big Tech Firms: Former Antitrust Regulator
The author is a former Commissioner of Competition for the Canadian Competition Bureau.“The nail that sticks out gets hammered down.” That Japanese proverb — typically used to teach conformity — seems similar to the approach advocated by U.S. Senator and Democratic presidential hopeful Elizabeth ...
By David McCann • April 22, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Sears Accuses ex-CEO of Looting $2B in Assets
Sears Holdings has sued former CEO Eddie Lampert and his hedge fund investors, including Treasury Secretary Steven Mnuchin. Sears Holdings alleges they looted the retailer of more than $2 billion in assets through five fraudulent transactions.The lawsuit was filed by Sears’ bankruptcy restructuri...
By Matthew Heller • April 19, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Private Companies Grow Anxious Over Global Demand
Top executives at private companies are dramatically more concerned than they were a year ago about a potential lack of demand for their products and services.Almost half (45%) of the 300 CEOs and 300 CFOs surveyed by PricewaterhouseCoopers during the first quarter cited the issue as a top threat...
By David McCann • April 16, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Judge Sides With United in Expedia Contract Case
A judge has declined to enjoin United Airlines from terminating Expedia’s access to data for flights scheduled after the ticketing agreement between the companies expires on Sept. 30.U.S. District Judge Kevin Castel said Expedia had shown a “likelihood of success” on the merits of its breach of c...
By Matthew Heller • April 8, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
U.S. Moves to Limit ‘Joint Employer’ Liability
The Trump administration has proposed rule changes that would make it harder to sue companies over labor law violations by their franchisees or contractors.Under the Labor Department proposal, a company would only be subject to “joint employer” liability if it exercises the power to hire or fire ...
By Matthew Heller • April 2, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Fresenius Medical Fined $231M in Bribery Probe
German medical device company Fresenius Medical Care has agreed to a $231 million settlement of allegations that it paid nearly $30 million in bribes to government-employed doctors and public health officials in at least 17 countries.The allegations against the world’s largest provider of dialysi...
By Matthew Heller • April 1, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
How to Tell Which Patents Are Valuable
Companies spend billions of dollars developing potentially patentable intellectual property, but it can be hard to understand how much value individual patents within a large portfolio are providing.Patents that stop competitors from copying products can generate great profits or fast growth and ...
By David McCann • March 29, 2019
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