Wednesday, October 1, 2014

BNA INSIGHTS: The FTC v. Google Saga—Episode II: What Lessons for U.S. Businesses?

The Federal Trade Commission recently announced that Google Inc. agreed to a $22.5 million civil penalty to settle FTC claims that the internet search giant circumvented the privacy settings of Apple Inc.’s Safari web browser to allow the tracking of user activity…

Google Agrees to Pay $22.5 Million Penalty, Largest Fine by FTC for Violation of an Order

Google Inc. agreed to a $22.5 million civil penalty to settle FTC claims that the internet search giant circumvented the privacy settings of Apple Inc.’s Safari web browser to allow the tracking of user activity…

Consumer Financial Protection Bureau’s First Enforcement Action Penalizes Capital One for Deceptive Marketing

July 26, 2012 in Banking Report · Leave a Comment 

Capital One Financial Corporation will pay $60 million in penalties to financial regulators and set aside $150 million to provide refunds to credit card customers who were subjected to allegedly deceptive telephone marketing…

BNA INSIGHTS: California Enacts First-of-Kind Foreclosure Bill, Codifying National Settlement

July 26, 2012 in BNA's Banking Report · Leave a Comment 

As California goes, so goes the nation? Let’s hope not, at least as to legislation that will make California the first state in the nation to codify provisions of the National Mortgage Settlement…

Rajaratnam Cohort Gupta Convicted in Insider Scam; Faces 65 Years, Hefty Fines

Rajat Gupta, the former Wall Street executive accused of tipping convicted fraudster Raj Rajaratnam to inside information, was found guilty June 15 in the U.S. District Court for the Southern District of New York on conspiracy and securities fraud charges (United States v. Gupta, S.D.N.Y., 11 Cr. 907 (JSR), 6/15/12).

BNA INSIGHTS: Review of 2011 Bank Enforcement Actions and Trends

June 13, 2012 in Banking Report · Leave a Comment 

In 2011, the federal banking agencies issued over 1200 formal enforcement actions, the second-highest total in their history…

BNA INSIGHTS: Heightened Enforcement Environment Signals Increased Use of Economic Espionage Act

Just days ago, a Utah scientist facing over two dozen federal charges pleaded guilty to one count of unlawful access to a computer in exchange for the prosecution dropping 25 other related charges. The defendant faced allegations, among others, that he had violated the Economic Espionage Act, a federal law that criminalizes the theft of trade secrets. 18 U.S.C. §1832. His guilty plea is but the latest chapter in a series of prosecutions which signal that federal efforts to ramp up intellectual property protection are continuing to grow.

Government Drops Appeal in FCPA Case over Alleged Mexican Bribery

The U.S. Attorney for the Central District of California May 25 withdrew the government’s appeal of a trial court decision tossing out the bribery convictions of Lindsey Manufacturing Co. and its senior executives based on prosecutorial misconduct (United States v. Noriega, 9th Cir., No. 11-50507, 5/25/12).

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.

Proposed MySpace, FTC Settlement Alleges Safe Harbor, Privacy Policy Misrepresentations

Social networking service Myspace LLC agreed to settle Federal Trade Commission claims that it misled millions of users about its privacy policies and made false or misleading representations about its adherence to the U.S.-EU Safe Harbor Framework privacy principles, according to a proposed settlement announced May 8 by the agency (In re Myspace LLC, FTC, File No. 102 3058, 5/8/12).

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