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Compliance Hotline
FormerHealthSouth CEO Challenges Constitutionality of SOX
Former HealthSouth Chairman and CEO, Richard Scrushy, who is the first person to have been charged criminally under ' 906 of the Sarbanes-Oxley Act, has filed a motion to have three of the 85 charges filed against him dismissed. He claims that the requirement that a CEO certify the accuracy of a company's financial statements is unconstitutional because it imposes criminal liability on an act that is derivative of another act that may not be criminal. He argues that technical non-compliance with the 1934 Securities Exchange Act does not necessarily result in criminal liability unless it involves willingly or knowingly making false statements of material fact. Under SOX, however, technical non-compliance now invokes criminal liability for a CEO. U.S. v. Scrushy, N.D. Ala., Case No. CR-03-BE-0530-S (April 5).
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.