Compliance
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Greenwashing cases fall for first time in 6 years, but high-severity filings surge: report
“There's certainly a global undercurrent of ‘greenhushing,’ so companies are being more cautious about how they communicate,” RepRisk’s chief commercial officer said.
By Lamar Johnson • Oct. 10, 2024 -
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TD hit with asset cap, $3B in penalties over AML woes
The bank will pay $1.8 billion to the Justice Department, $1.3 billion to FinCEN, and growth will be restricted in the bank’s U.S. retail unit.
By Dan Ennis , Gabrielle Saulsbery • Oct. 10, 2024 -
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SEC charge hinges on director’s lack of ‘social independence’
Financial ties are what come to mind when a company considers a director’s independence, but social ties are key, too, a settlement agreement shows.
By Robert Freedman • Oct. 10, 2024 -
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Apply California’s click-to-cancel law nationally, GCs advised
The state has enacted the country’s first comprehensive curb on automatic subscription renewals. Companies should consider applying the law nationally, Airbnb’s former GC says.
By Robert Freedman • Oct. 8, 2024 -
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Commissioners blister FTC over Chevron-Hess merger settlement
The agency threatened to block the deal on grounds that would never make it through the courts, the FTC’s two Republican-appointed members say.
By Robert Freedman • Oct. 2, 2024 -
Permission granted by TD Bank
TD to pay regulators $28.5M over spoofing scheme
The broker-dealer arm of the Canadian bank will pay penalties to the DOJ, SEC and FINRA over a former trader’s scheme to place hundreds of fraudulent spoof orders amounting to billions of dollars.
By Caitlin Mullen • Oct. 1, 2024 -
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FCC reaches $31.5M settlement with T-Mobile over rash of data breaches
The company agreed to a major change in board-level governance and will make a series of upgrades to boost its cyber resilience.
By David Jones • Oct. 1, 2024 -
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Berkeley settles ADA lawsuit over remote attendance for commission members
City representatives approved requests but required commission members’ home addresses be publicly posted and that they allow members of the public into their homes, the complaint alleged.
By Laurel Kalser • Sept. 30, 2024 -
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Social media posts cost DraftKings $200,000
The company’s PR firm posted new information in the name of the CEO on sites that hadn’t first been disclosed as places where such information would be released, the SEC says.
By Robert Freedman • Sept. 27, 2024 -
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Boosting D&O protection with entity investigation coverage
Market competition has made it more affordable for general counsel to get the costs of complying with SEC or DOJ investigations covered under their directors and officers insurance, a broker says.
By Robert Freedman • Sept. 26, 2024 -
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Companies’ reduced penalties show benefit of clawbacks: DOJ’s Argentieri
SAP and Albemarle had FCPA fines reduced by $109,000 and $763,000, respectively, for going after the pay of culpable employees.
By Robert Freedman • Sept. 24, 2024 -
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SEC goes overboard on whistleblower confidentiality, commissioners say
In a critique by two of its members, the agency is said to be evading accountability by needlessly redacting information on its awards.
By Robert Freedman • Sept. 23, 2024 -
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OceanFirst to pay $15M in DOJ redlining settlement
The bank failed to provide mortgage lending services to predominantly nonwhite neighborhoods in three New Jersey counties, the agency said. The OCC downgraded the bank’s CRA rating in 2021.
By Dan Ennis • Sept. 19, 2024 -
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AT&T settles a 2023 data breach for $13M. Recent incidents are much worse.
Telecom cybersecurity remains a challenge with widespread impacts. AT&T is not alone in experiencing a pattern of extensive breaches exposing customer data.
By Matt Kapko • Sept. 18, 2024 -
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TikTok fights for a legal path to continue its U.S. business
The online video platform argues that a law forcing it to divest its U.S. operation or shut down violates its First Amendment rights.
By Justin Bachman • Sept. 16, 2024 -
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Tech companies in EU face 100 laws, 270 regulators
Without the wherewithal of U.S. tech giants, companies find EU laws overbearing, a report says.
By Robert Freedman • Sept. 16, 2024 -
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SEC levies over $3M in civil fines for whistleblower rule violations
Seven companies had required employees to waive their right to receive financial rewards from reporting misconduct to regulators.
By Justin Bachman • Sept. 9, 2024 -
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Friend or foe: Unpacking what the amicus briefs say about the SEC’s climate rule
Amicus briefs in the Securities and Exchange Commission’s ongoing lawsuit concerning its climate disclosure rule find institutional investors and businesses largely on opposite sides.
By Lamar Johnson • Aug. 20, 2024 -
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Companies face quicker delisting under proposed Nasdaq rules
Those whose shares trade as penny stocks will automatically be suspended at a certain point rather than given an appeals option if the SEC approves the changes the exchange wants.
By Robert Freedman • Aug. 12, 2024 -
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Analysts cast doubt on antitrust angle of Capital One-Discover deal
Capital One’s proposed acquisition of the smaller Discover seems “too small to be a core antitrust concern,” said Barry Barnett, an antitrust lawyer and partner at Susman Godfrey.
By Caitlin Mullen • Aug. 8, 2024 -
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Most big-company clawback policies go beyond SEC rules
Companies tend to want more executives to give back more types of compensation for more types of problems than what the government requires of them, an analysis finds.
By Robert Freedman • Aug. 6, 2024 -
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Breastfeeding parents still face challenges at work despite federal protections, survey says
The PUMP Act requires employers to offer a lactation space and reasonable break time to pump — but accommodating breastfeeding employees also needs to be addressed at the cultural level.
By Carolyn Crist • July 31, 2024 -
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Construction firm to pay $50K to settle claim it retaliated against HR manager for investigating harassment
Pro Pallet allegedly chastised the HR manager for investigating the complaint, reassigned major parts of her job to others, and excluded her from meetings.
By Ginger Christ • July 17, 2024 -
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Deep DiveWhat employers can expect following the end of Chevron deference
For one thing, the U.S. Department of Labor’s regulations may not fare well under federal courts’ scrutiny post-Chevron, a former DOL official told HR Dive.
By Ryan Golden • July 17, 2024 -
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5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 15, 2024
