Saturday, August 23, 2014

EPA Issues Second Greenhouse Gas Permit in Texas, Allows Four Natural Gas Plants

WASHINGTON, D.C.—The Environmental Protection Agency approved a greenhouse gas emissions permit May 24 for a natural gas facility in Texas, the second permit it has approved in the state.

SPECIAL REPORT: Does Aereo’s Streaming of Live Broadcast Television Violate Broadcasters’ Public Performance Rights Under the Copyright Act?

On March 14, Aereo Inc. launched a service in the New York metropolitan area that allows subscribers, for $12 a month, to stream live broadcast television online through a standard web browser or internet-enabled device, such as an iPhone or iPad, and to store up to 40 hours of programming for later viewing.

Supreme Court to Review Second Circuit Decision to Find Standing in Foreign Wiretapping Challenge

The U.S. Supreme Court agreed May 21 to review a federal circuit court’s decision that plaintiffs who reasonably feared the monitoring of sensitive communications and had taken costly measures to avoid such monitoring have standing to challenge the constitutionality of Section 702 of the Foreign Intelligence Surveillance Act (Clapper v. Amnesty Int’l USA, U.S., No. 11-1025, cert. granted 5/21/12).

CFTC Launches Investigation into J.P. Morgan Derivatives Loss

The Commodity Futures Trading Commission has opened an investigation into “credit derivatives products as traded by the chief investment officer” of J.P. Morgan, (JPM) agency chairman Gary Gensler told reporters May 21.

Facebook IPO Draws Scrutiny of Regulators, Congress, Others

The May 18 initial public offering of Facebook Inc. (FB) shares is drawing new scrutiny, with regulators and key members of Congress looking for more information, and some disgruntled investors complaining about the lack of disclosure and trading snafus.

Bank of China Ordered to Produce Documents on Alleged Counterfeiters and Freeze Assets

May 28, 2012 in Banking Report · Leave a Comment 

A federal judge in New York May 23 ordered the Bank of China to freeze the assets of alleged counterfeiters in China and to turn over information on credit card transactions involving those firms (Tiffany (NJ) LLC v. Forbse, S.D.N.Y., No. 11 Civ. 4976 (NRB), 5/23/12)

Apple Smart Phone Injunction Request Denial Upheld, But Samsung Tablet May Be Enjoined

A district court’s denial of Apple Inc.’s request for a preliminary injunction against Samsung’s Android-based smart phones was upheld May 14 by a 2-1 U.S. Court of Appeals for the Federal Circuit ruling, but the possibility of an injunction against the Galaxy Tab 10.1 tablet computer remains Apple Inc. v. Samsung Electronics Co., Fed. Cir., No. 2012-1105, 5/14/12).

House Passes Bill That Would Put Limits on Biofuel Purchases by Defense Department

WASHINGTON, D.C.—The House approved legislation May 18 that would sharply limit the Department of Defense’s ability to procure alternative fuels, sending a fight over the military’s use of biofuels to the Senate.

BNA INSIGHTS: Should You Ask Job Applicants or Employees for Their Social Media Passwords?

Many employers currently look at job applicants’ public profiles on social media sites, such as Facebook, to gain insight into their character and suitability for employment. Now, however, some employers are going a giant step furtherand are asking applicants to provide them with passwords or other means of accessing the private areas of the applicants’ social media accounts.

U.S. Regulators Issue Final Guidance For Stress Testing Of Bigger Banks

May 21, 2012 in BNA's Banking Report · Leave a Comment 

U.S. regulators May 14, unveiling final guidelines on internal tests, reiterated the need for banks to prepare for stressful events in order to prevent acute threats from undermining their financial condition and viability.

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