Legal Challenge to Compel FTC Enforcement on Google Privacy Policy Breaks New Ground

In an unprecedented move, the Electronic Privacy Information Center in a Feb. 8 complaint asked a federal court to compel the FTC to exercise what EPIC says is the regulator’s mandatory duty to enforce a 2011 privacy consent order with Google Inc. in response to the company’s plans to significantly change its user privacy policy (EPIC v. FTC…

BNA INSIGHTS: Is Civil Loss Causation Applicable to Federal Criminal Sentencings?

The Supreme Court’s 2005 decision in Dura Pharmaceuticals, Inc. v. Broudo is the seminal authority on the appropriate measure of loss caused by a defendant’s fraudulent conduct in a civil securities fraud action…

U.S. SEC, DOJ Charge Former Senior Siemens AG Executives Over Alleged Argentine Bribery Scheme

The DoJ and the SEC announced parallel charges under the Foreign Corrupt Practices Act against former senior Siemens AG executives over an alleged decades-long bribery scheme to retain a $1 billion contract to produce national identity cards for Argentine citizens…

Facebook Agrees to Settle FTC Claims; Express Consent Needed to Share User Data

Facebook Inc. will have to give users “clear and prominent notice” and obtain “affirmative express consent” before sharing customers’ information beyond their existing privacy settings, under a proposed administrative consent order with the FTC made public Nov. 29…

BNA INSIGHTS: The ‘Conflict Minerals’ Law Will Impose New Supply Chain Challenges for Companies: Who, What, and When

Even as global supply chains become ever more byzantine, a new US law and proposed implementing rule of the US SEC will add another wrinkle…

U.S. Court Imposes Record $92.8 Million Fine for Insider Trading on Rajaratnam

Billionaire hedge fund manager Raj Rajaratnam, recently handed a record 11-year prison term for masterminding a massive insider trading scheme, was ordered by the U.S. District Court to pay a record monetary penalty of $92,805,705 in the SEC’s related enforcement action…

EPA Will Pursue Cases With Widest Impact, Tackle More Sophisticated Investigations, Official Says

The Environmental Protection Agency is aggressively pursuing enforcement with the widest impact, an EPA official told a legal conference Oct. 14…

SEC Drops Administrative Suit Against Gupta; Constitutional Claims Against Agency Mooted

The Securities and Exchange Commission Aug. 4 dropped its administrative insider trading case against former Goldman Sachs Inc. (GS) director Rajat Gupta in exchange for Gupta’s mooting his constitutional claims against the agency in federal court…

SEC Has $453 Million Fund for Awards of Whistleblower Bounties

The Securities and Exchange Commission has $453 million in a fund that will be used to award bounties under its new whistleblower bounty program, Sean McKessy, head of the new Whistleblower Office in the agency’s Enforcement Division, said July 13…

Consumer Reporting Agency to Pay FTC $1.8 Million Over Alleged Fair Credit Reporting Act Violations

A credit reporting agency agreed in a consent judgment approved by a federal court June 27, to pay $1.8 million to end the Federal Trade Commission’s Fair Credit Reporting Act enforcement action alleging it sold sensitive consumer credit information to marketers without a permissible purpose (United States v. Teletrack Inc., N.D. Ga., No. 1:11-CV-2060, stipulated judgment approved 6/27/11)…

« Previous Page — Next Page »