Global food, beverage and candy giant Mars Inc. announced Tuesday that it has promoted the general counsel of its subsidiary Mars Wrigley Confectionery to serve as general counsel for the parent company, saying she will also serve on the private, family-owned company’s leadership team.
The congressional committee created by the 2018 budget act to propose a fix for a looming multiemployer pension system collapse met for the first time Wednesday, the same day that the U.S. Chamber of Commerce and a multiemployer pension plan advocacy group offered general principles for potential legislation.
The total value of settlements in securities class actions was 74 percent less last year than it was in 2016, according to a new report by Cornerstone Research, reflecting both a surge of small-dollar cases coming to a close and a drought of blockbuster settlements.
The bipartisan banking bill that cleared the U.S. Senate on Wednesday may be the banking industry's best hope yet for rolling back some of the Dodd-Frank Act's rules, but some attorneys say the legislation that's emerged doesn't exactly dismantle the landmark 2010 financial reform law.
A North Carolina federal judge on Wednesday signed off on a $45 million settlement ending class action claims by more than 37,000 former and current female Family Dollar Stores Inc. managers alleging their employer paid them less than their male counterparts, ending a case that began nearly 15 years ago.
State attorneys general have long played an important role in helping enforce antitrust laws but often take a back seat to the federal government. However, a spate of recent actions have seen states band together on specific issues and either work without the help of the federal government or actually pursue legal actions that run counter to the Trump administration’s antitrust policies — a development that suggests the role of states in the nation’s enforcement regime is evolving. Here, Law360 takes a look at the current state of antitrust enforcement by state AGs and where it’s headed.
The Senate passed a rollback Wednesday of bank and other financial institution rules from the Dodd-Frank Act, with backers of the measure claiming it will remove the worst of the regulatory costs for smaller banks.
The Fifth Circuit on Tuesday affirmed a win for the former head of a General Electric distressed fuels team against claims she had taken intellectual property to her new job at a rival, but overturned a finding she was subjected to an unreasonable noncompete agreement.
Insurance companies and policyholders will be keeping an eye out this spring for courts' guidance on a slew of key insurance issues, including the Florida Supreme Court's decision on the requirements for holding an insurer liable for bad faith claims handling and a federal court's ruling on whether a traditional liability policy covers data breach losses. Here, Law360 looks at four rulings to watch for over the next few months.
The U.S. tax overhaul and a federal spending increase are key factors behind an uptick in the global economy, but rising trade protectionism could undermine growth, according to a report released on Tuesday by the Organization for Economic Cooperation and Development.
The founder and CEO of once high-flying Silicon Valley blood testing company Theranos has settled allegations she lied about nearly every aspect of the company’s business model and finances in a massive, yearslong fraud that raised more than $700 million from duped investors, the U.S. Securities and Exchange Commission announced Wednesday.
Some multinational companies and their legal departments have been taking steps toward complying with the European Union’s upcoming data protection regime, while others have only just begun or aren’t even considering action before the regulation goes into effect in less than 75 days. Here, Law360 looks at how businesses and their legal departments can prepare for the approaching May 25 implementation date.
Civil and criminal charges have been filed against a former Equifax executive accused of selling off shares before the public was informed of the company’s massive data breach, the U.S. Securities and Exchange Commission and U.S. Department of Justice announced Wednesday.
Browning-Ferris Industries of California Inc. told the D.C. Circuit on Monday that it was “premature” for the National Labor Relations Board to ask that an order remanding the company’s appeal of the board’s expanded joint employer test be revoked, but the NLRB stuck to its guns a day later by arguing the circuit should take the case back.
The U.S. Equal Employment Opportunity Commission hasn’t seen a surge in sexual harassment complaints since the start of the #MeToo movement, but more workers have been threatening to sue, acting EEOC Commissioner Victoria Lipnic said Tuesday at a Society for Human Resource Management conference in Washington, D.C.
Maryland-based Transport Logistics International Inc. has agreed to pay a $2 million criminal penalty to resolve charges it bribed an official at a subsidiary of Russia’s State Atomic Energy Corp. to win contracts to ship uranium to the U.S., according to a Department of Justice announcement Tuesday.
Amazon.com job applicants told a Florida federal judge Tuesday that they had settled their claims against the e-commerce giant over consumer background checks they said were performed without following strict legal requirements.
A Tenth Circuit panel Tuesday affirmed a decision upholding the U.S. Department of Labor's new fiduciary rule for retirement account advisers related to fixed indexed annuity sales, agreeing with the lower court that the rule’s critics were given an opportunity to comment on it.
A WilmerHale partner who represented the ConvergEx Group LLC board in a securities fraud investigation told a New Jersey federal judge Tuesday that he can't remember trying to get prosecutors to go after individuals and let the company go, as one indicted former executive claims he did.
The U.S. Securities and Exchange Commission's recent admonition urging cryptocurrency exchanges that allow trading of digital tokens resembling securities to get right with regulators — meaning such platforms should register as exchanges or seek exemptions — indicates more aggressive enforcement is coming against noncompliant venues, lawyers say.
For now, the new U.S. Securities and Exchange Commission guidance on public company cybersecurity disclosures is controlling. But the commissioners' divergent views on whether more can and should be done suggest that the SEC will revisit the guidance, say Mark Krotoski and Kurt Oldenburg of Morgan Lewis & Bockius LLP.
A corporate trade compliance policy that requires reporting and investigation is likely to serve as an important mitigating factor in a straightforward civil matter before a primary regulator. But in the face of a more searching grand jury investigation by the U.S. Department of Justice, how the company implemented the policy will be far more important, says Eric Sandberg-Zakian of Covington & Burling LLP.
In an age of data-driven decision-making, too many companies are making important choices about dispute resolution based on anecdotes and isolated experiences. I’d like to explain why a number of objections to arbitration are ill-founded, says Foley Hoag LLP partner John Shope.
New Jersey's new governor is eager to change how his state taxes individuals and businesses, though similar proposals have been criticized or even defeated during past administrations. If he succeeds, Gov. Phil Murphy will significantly change the state's tax regime, say Mitchell Newmark and Eva Niedbala of Morrison & Foerster LLP.
Criminal resolutions during the Foreign Corrupt Practices Act pilot program likely would not have come out differently under the new corporate enforcement policy, but the revised policy makes the impact of self-disclosing possible FCPA issues slightly more predictable, say attorneys with Ropes & Gray LLP.
Multiple courts have held that discoverable material from negotiations with a litigation funder, when executed properly, can be attorney work product and immune from disclosure in the later litigation. The recent Acceleration Bay decision is indicative of what happens when difficult facts conflict with best practices, says Eric Robinson of Stevens & Lee PC.
Because several aspects of the E-2, or treaty investor, visa fit neatly with President Donald Trump's “Buy American, Hire American” policy, it is an excellent time for foreign nationals who may meet certain eligibility requirements to consider advancing a case in this visa category, says Matthew Minor of Hammond Law Group LLC.
Although companies often do not disclose internal or government investigations generally, and there are no cases obligating disclosure of sexual harassment investigations specifically, companies are not impervious to litigation for failing to disclose such information, or for breach of fiduciary duty in connection with tolerating sexual harassment, say attorneys with Goodwin Procter LLP.
A new law allowing private foundations to own all of a business under certain conditions gives a new lease on life to the foundation that owns the company producing and selling Newman’s Own food products. More private foundations may take ownership of profitable businesses as a result of this law, says Allen Bromberger of Perlman & Perlman LLP.
Legal leaders who want to meet their clients' expanding expectations should start moving their documents to future-ready document management solutions now if they want to stay competitive in the next few years, says Dan Puterbaugh of Adobe Systems Inc.