CFTC Issues Final Foreign Exchange Trading Rules; Leverage Proposal Relaxed after Outcry

The Commodity Futures Trading Commission late Aug. 30 announced rule changes designed to rein in the fraud-riddled retail foreign exchange trading marketplace, prescribing…

BNA INSIGHTS: The Private Securities Litigation Reform Act’s Protection of Forward-Looking Statements Made with Actual Knowledge of Falsity

Both courts and commentators addressing the Private Securities Litigation Reform Act (“PSLRA” or “the Act”) have struggled with the issue of whether a forward-looking statement made with actual knowledge of its falsity can nonetheless be…

SEC Lets Moody’s Off, but Warns Credit-Rating Agencies It Will Use New Authority under Reform Act

The Securities and Exchange Commission Aug. 31 said it has decided not to pursue an enforcement action against Moody’s Investors Service Inc. (MCO) involving conduct occurring in Europe because of “uncertainty” over…

SPECIAL REPORT: Cloud User Contracts Do Not Usually Cover Data Security Liability Risks, Attorneys Warn

Companies turning to third-party cloud computing services are typically presented with service contracts containing few, if any, terms to protect them against…

BNA INSIGHTS: Quon Case, Technology, and the Legal System: Supreme Court Passes on Sweeping Statement but Raises Key Policy Points

On June 17, the U.S. Supreme Court decided Ontario v. Quon, 560 U.S. ____, 130 S. Ct. 2619 (2010) (9 PVLR 893, 6/21/10),one of the most closely watched employment cases in years. In unanimously holding that a city’s review of an…

California Bill to Limit Employer Use of Credit Data Clears Assembly; Veto Possible

The California Assembly Aug. 31 approved a Senate-amended version of a bill (A.B.482) that would restrict the use of credit reports by employers conducting…

California TV Efficiency Standards Win Final Approval

LOS ANGELES—The California Energy Commission Sept. 2 announced final approval of the state’s new energy efficiency standards for new television sets.

California Bill on Renewable Energy Standard Fails, as Legislature Adjourns Before Final Senate Vote

LOS ANGELES—Legislation to require California’s utilities to obtain a third of their electricity from renewable sources by 2020 failed to come up for…