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Congress Expands SEC Powers Just In Time for New Administration Image

Congress Expands SEC Powers Just In Time for New Administration

Robert J. Anello & Richard F. Albert

Wall Street has greeted Gary Gensler's nomination as Chair of the SEC with some trepidation, perhaps with good reason. Congress, by contrast, may have presented him with a powerful signing bonus.

Features

NY Proposed Privacy Bill of Rights Could Add to Compliance Confusion Image

NY Proposed Privacy Bill of Rights Could Add to Compliance Confusion

Frank Ready

New York Gov. Andrew Cuomo's executive budget proposal includes plans for a comprehensive data privacy law that rather than bring more clarity to an increasingly fragmented U.S. privacy landscape, could place even more strain on corporate legal departments attempting to get a handle on compliance.

Features

From the PTO to the FDA: What to Consider When Branding Clinical Trials Image

From the PTO to the FDA: What to Consider When Branding Clinical Trials

Brandon Leahy Susanna Lichter & Eva Yin

The legal implications of branding generally arise initially for companies during the process of selecting a company name and any initial product or service names. For drug development companies, however, careful consideration should also be paid to the implications of branding a clinical trial.

Features

The Small Business Reorganization Act: How It Started. How it's Going. Where to Next? Image

The Small Business Reorganization Act: How It Started. How it's Going. Where to Next?

Jack O'Connor

By further expanding access to a streamlined Chapter 11 process, the SBRA will ensure that a wider array of debtors have the ability of reorganizing themselves, when Chapter 11 was previously too cost-prohibitive for such debtors.

Features

Second Circuit Ruling on Personal Benefit Test Widens Scope of Criminal Insider Trading Image

Second Circuit Ruling on Personal Benefit Test Widens Scope of Criminal Insider Trading

Robert J. Anello & Richard F. Albert

The holding in Blaszczak significantly widens the scope of criminal insider trading. It also creates the anomaly of extending the criminal law beyond the SEC's civil enforcement authority.

Features

SCOTUS Set to Address Circuit Split in Interpreting CFAA Image

SCOTUS Set to Address Circuit Split in Interpreting CFAA

Elkan Abramowitz & Jonathan S. Sack 

The Computer Fraud and Abuse Act (CFAA) is the sort of broadly worded criminal statute which gives white-collar prosecutors considerable power — and makes defense counsel and judges uneasy. The meaning of "or exceed[ing] authorized access" is not so clear.

Features

Corporate Compliance Programs and the DOJ's Emphasis on Data Analytics: What Companies Need to Consider Image

Corporate Compliance Programs and the DOJ's Emphasis on Data Analytics: What Companies Need to Consider

Jonathan B. New, Jimmy Fokas, Patrick T. Campbell & Bari R. Nadworny

In recent months, the U.S. Department of Justice has raised expectations for companies to use data analytics to monitor the effectiveness of their compliance programs and to identify potential misconduct.

Features

Fall 2020 Data Privacy Updates Image

Fall 2020 Data Privacy Updates

Rebecca Perry

America and the EU continue altering data privacy frameworks for businesses.

Features

No 'Fishing' In Trump Tax Return Case Image

No 'Fishing' In Trump Tax Return Case

Steven A. Cash

"Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime." Judge Victor Marrero, writing in a decision dismissing the President's civil suit under the Civil Rights Act, neither gives a fish, nor teaches how to fish — rather he explains what fishing is.

Features

The 'Right to Control' Wire Fraud Theory Should Be Eliminated Image

The 'Right to Control' Wire Fraud Theory Should Be Eliminated

Harry Sandick & Ian Eppler

In recent decades, federal fraud prosecutions have relied on the theory that a defendant can fraudulently deprive a victim of the intangible "right to control" its assets, even if the victim is not deprived of any tangible money or property. While this theory has been repeatedly affirmed by the Second Circuit, it is incompatible with a series of recent Supreme Court cases in which the Court has narrowed the scope of federal white-collar criminal statutes by adopting narrow definitions of the term "property."

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