Bio-Rad Laboratories Inc. on Thursday agreed to pay $3.5 million in attorneys’ fees and costs to the team that represented former general counsel Sanford Wadler in his $8 million jury win in a retaliation suit arising from whistleblowing on potential Foreign Corrupt Practices Act violations.
Although the Trump administration made waves in rescinding an Obama-era directive that transgender public school students be allowed to use the bathroom of their choice, experts say employers shouldn't assume the U.S. Equal Employment Opportunity Commission will take its foot off the enforcement throttle when it comes to transgender rights in the workplace.
Despite growing opposition from retailers and within the GOP's own ranks to a tax reform blueprint that would disallow deductions for import costs, experts are hopeful that a compromise going beyond mere tax cuts is possible.
The Federal Communications Commission’s Republican majority voted Thursday to exempt broadband providers with 250,000 or fewer subscribers from stepped-up transparency rules in the 2015 Open Internet Order as the lone Democratic commissioner objected amid questions of how the GOP will deal with broader net neutrality rules.
With the use of RFPs by legal departments at an all-time high, it’s crucial that law firms learn how to stand out from the pack and avoid ruffling the feathers of the procurement and legal operations professionals who review the submissions. Here’s how they say law firms can make the most of an RFP.
Treasury Secretary Steven Mnuchin exhibited the same ambition as House Republicans Thursday when he expressed a commitment to seeing growth-enhancing tax reform, with an emphasis on cuts for the middle class and business, before Congress leaves for its August recess.
Title insurance companies will have to keep disclosing the real buyers behind shell companies that pay cash for luxury homes in several major cities, after the Financial Crimes Enforcement Network extended the requirement by six months on Thursday.
Oregon wants in on the lawsuit filed by the state of Washington that challenges President Donald Trump’s executive order and its travel ban for certain foreign-born individuals, arguing Wednesday that it seeks to ensure that any relief that arises from the case protects the state and its residents.
A Volkswagen executive — arrested in Miami last month in connection with the automaker’s emissions scandal — on Thursday pled not guilty to charges of conspiracy to defraud the United States, alleged violations of the Clean Air Act and wire fraud in Michigan federal court, according to court officials.
Fiscal 2015 brought more demand for employer-sponsored visas but saw fewer H-1B approvals compared with the previous fiscal year, a recently released report by U.S. Citizenship and Immigration Services indicated.
Former American International Group Inc. CEO Maurice "Hank" Greenberg was just the latest to criticize New York's Martin Act when he called the securities fraud law a "very dangerous weapon," but experts said the new Republican administration may find the time is ripe to curtail the powers of a liberal state attorney general.
With new cybersecurity rules in New York for banks and insurers giving plaintiffs' attorneys more ammunition to pursue claims over data breaches, financial services firms and their vendors should closely scrutinize their insurance policies to ensure sufficient protections are in place to cover potential legal exposures, lawyers say.
A shareholder of specialty plastics maker A. Schulman Inc. filed suit Wednesday in Delaware Chancery Court, seeking to inspect books and records related to a stock award given to the company's former CEO in excess of what he was entitled to under a performance bonus plan.
Corporate legal departments are increasingly relying on data to choose their outside lawyers, with some going as far as creating Yelp-like dashboards to keep track of them, leaving some law firms scrambling to keep up.
Activist investor Jana Partners LLC locked down boardroom representation in separate deals with Tiffany & Co. and Bristol-Meyers Squibb Co. on Tuesday, clinching a total of six director nominees at the jewelry retailer and the pharmaceutical company.
The former general counsel of retail pharmacy chain Rite Aid Corp. told the Delaware Supreme Court on Wednesday that his appeals of criminal convictions related to a $1.6 billion accounting scandal should extend the time during which he can seek repayment of his legal costs from the company.
Shareholders in Wal-Mart Stores Inc. who sued corporate officers in Delaware for turning a blind eye to corruption in Mexico have argued that it would be a denial of due process to dismiss their case after a similar suit was tossed in Arkansas.
The White House gave its first concrete indication of the timeline and process for overhauling tax laws when press secretary Sean Spicer said on Wednesday that legislative changes could be forthcoming for the 2018 fiscal year.
Commissioner Michael O’Rielly on Wednesday furthered his theme of cracking down on abuses of power within the Federal Communications Commission, proposing a process that would let commissioners review decisions by agency staffers.
A Davis Polk & Wardwell LLP attorney's phone call to a Comcast executive about the potential representation of a financial adviser in a business transaction may have spawned the cable giant’s $3.8 billion deal for DreamWorks, according to documents from an insider trading suit against a Hong Kong investor.
Presidential adviser Kellyanne Conway's TV appearances provide some examples of what lawyers should and shouldn't do when speaking to the media, says Michelle Samuels, a vice president of public relations at Jaffe.
2016 was the busiest year ever for the Public Company Accounting Oversight Board’s Division of Enforcement. The types of proceedings made public last year are likely to remain staples of its enforcement agenda for the foreseeable future, say Jonathan Walsh and Robert Groot of Curtis Mallet-Prevost Colt & Mosle LLP.
The volume and velocity of cyberattacks is increasing, and so is our interconnectedness, fueled by growing use of internet of things devices. Companies must find ways to adeptly and nimbly address cyberrisks in order to navigate a myriad of business and legal concerns, say Sonja Carlson of Sheppard Mullin Richter & Hampton LLP and Mingu Lee of Samsung SDS America.
We all recognize that cutting or copying text from earlier works and pasting it into new documents saves attorneys time. However, with this increase in speed comes an increased risk of making, or not catching, errors, says Robert Lang of D’Amato & Lynch LLP.
The U.S. Department of Justice’s focus on individual culpability and accompanying benchmarks for corporate cooperation have changed considerations for companies exposed to prosecution due to acts of their employees. But companies can, and should, still ensure that their employees are properly protected and adequately advised in advance of interactions with enforcement officials, say Andrew Wise and Katherine Pappas with Miller & Chevalier Chtd.
In 2018, the regulatory landscape surrounding revenue recognition will change for many companies. Deal makers will need to ensure they understand the impact of the new standard on historical results and that any purchase price mechanisms properly reflect the intentions of each party, say Frank Lazzara and John Sullivan of FTI Consulting Inc.
Detractors of litigation funding have strained to characterize a recent decision from a California federal court as significant headway in their crusade against the litigation funding industry. However, in truth, this is a victory for both the industry and those in need of capital to bring meritorious claims against wrongdoers in an often prohibitively expensive legal system, say Matthew Harrison and Priya G. Pai of Bentham IMF.
The California Supreme Court recently reversed its 2003 decision in Henkel v. Hartford, where it previously held that a no-assignment clause will bar the transfer of insurance coverage rights to a successor entity. The clear majority trend among courts across the country is to uphold the ability of parties to transfer coverage in corporate transactions and prevent the forfeiture of historical insurance assets, say Michael Ginsberg ... (continued)
New guidance from the U.S. Department of Justice's Fraud Section puts chief compliance officers on notice about how the adequacy of their companies’ compliance programs is evaluated by prosecutors, say attorneys with Morgan Lewis & Bockius LLP.
While the legal and regulatory changes envisioned under a new presidential administration may present real and substantial opportunities for companies, those changes may have little, if any, impact when it comes to corporate governance. The forces driving shareholder activism and board scrutiny remain present and may gain strength in a period of deregulation, says Marc Gerber of Skadden Arps Slate Meagher & Flom LLP.