Related Resources
- Dec 01, 2019
- Publications
Paul, Weiss partners Christopher Boehning, Roberto Gonzalez, Jeh Johnson, Jonathan Kanter, Claudine Meredith-Goujon, Lorin Reisner, Jeannie Rhee and Richard Tarlowe and counsel Steven Herzog published “Cryptocurrency Regulation Around …
- Dec 05, 2019
- Publications
On November 22, 2019, the Department of Justice announced that it had reached a resolution with Samsung Heavy Industries Company Ltd. (“SHI”) relating to a scheme to pay millions of dollars in bribes to officials of Petróleo…
- Nov 21, 2019
- Publications
On November 8, 2019, a Connecticut jury found Lawrence Hoskins, a British national and former executive of the French power and rail transportation company, Alstom S.A., guilty of participating in a scheme to bribe Indonesian…
- Nov 04, 2019
- Publications
On November 1, 2019, the Supreme Court granted certiorari in Liu v. Securities and Exchange Commission, No. 18-1501, to review the question of whether the Securities and Exchange Commission (“SEC”) may obtain disgorgement from a court …
- Oct 28, 2019
- Publications
On October 21, 2019, the Federal Trade Commission (“FTC”) settled its first-ever complaint against a company for selling fake indicators of social media influence such as phony likes, follows, views, and subscribers to users on…
- Oct 28, 2019
- Publications
A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate…
- Oct 10, 2019
- Publications
On October 8, 2019, the Criminal Division of the U.S. Department of Justice released guidance on how federal prosecutors should evaluate claims that corporations are unable to pay a proposed fine or monetary penalty.
- Oct 08, 2019
- Publications
The SEC closed out its 2018-19 fiscal year by resolving four FCPA enforcement actions and assessing over $25 million in combined penalties, bringing the total number of SEC resolutions in 2019 to twelve.
Litigation partner Lorin Reisner will participate on a panel addressing “SEC Practice – Developments in Administrative Proceedings, Trials, Testimony, Wells Process, Settlements and More,” at the 2019 Securities Enforcement Forum.
- Jul 31, 2019
- Publications
On July 25, 2019, New York Governor Andrew M. Cuomo signed into law a new data security law, the Stop Hacks and Improve Electronic Data Security (“SHIELD”) Act.
- Jul 18, 2019
- Publications
Robust FCPA enforcement activity continued in the first half of 2019. The DOJ and the SEC—resolving four and five corporate enforcement actions, respectively—assessed a combined total of $1.5 billion in corporate penalties, of which…
- Jul 02, 2019
- Publications
On June 25, 2019, the Department of Justice announced a resolution with Technip FMC PLC (“TFMC”), a London-headquartered, global provider of oil and gas technology and services that is listed on the New York Stock Exchange, for…
- Jun 25, 2019
- Publications
On June 20, 2019, the Department of Justice and the Securities and Exchange Commission announced long-awaited resolutions with Walmart, Inc. for violations of the books and records and internal accounting provisions of the Foreign…
- May 29, 2019
- Publications
On May 22, 2019, the New York State Department of Financial Services (“DFS”) announced the creation of a new Cybersecurity Division, which it described as the “first of its kind at a banking or insurance regulator.”
- May 03, 2019
- Publications
An op-ed by litigation partner Lorin Reisner entitled “’Mueller Doctrine’ Prevented Finding That Trump Committed Crimes” was published by Bloomberg Law and U.S. Law Week on May 3.
- May 06, 2019
- Publications
On April 30, 2019, the Criminal Division of the U.S. Department of Justice released updated guidance on how prosecutors evaluate the effectiveness of corporate compliance programs.
Litigation partners Lorin Reisner and Liza Velazquez will be featured participants in an upcoming conference on trade secrets protection, enforcement and litigation, in view of the increasing number of DTSA (Defend Trade Secrets Act) …
Litigation partner Lorin Reisner will participate in the 46th annual Securities Regulation Institute, hosted by the Northwestern Pritzker School of Law.
- Jan 07, 2019
- Publications
The past year brought a number of significant developments in anti-spoofing enforcement under the Commodity Exchange Act (“CEA”), beginning with the January 29, 2018 coordinated statements of the Commodity Futures Trading Commission…
In a deal bringing together two of sports’ largest multimedia rights and sponsorship businesses, Paul, Weiss represented IMG College, the collegiate division of Endeavor, in its merger with Learfield.
- Dec 05, 2018
- Publications
The Department of Justice announced last week significant changes to its policies for granting corporations credit for cooperating with criminal investigations.
Lorin Reisner will speak on a panel at the Practising Law Institute’s 2018 Pocket MBA for Lawyers and Other Professionals. Lorin’s panel, “Regulatory and Legal Compliance in International Business and Trade,” will address regulatory…
Lorin Reisner moderated a panel at The Securities Enforcement Forum in Washington, D.C. on November 1.
- Jun 22, 2018
- Publications
On June 21, 2018, the Supreme Court held in Lucia v. SEC, No. 17-130, that the process by which the Securities and Exchange Commission (SEC) selects administrative law judges (ALJs) violates the U.S. Constitution.
- Jun 14, 2018
- Publications
On June 12, 2018, in People v. Credit Suisse Securities (USA) LLC, et al., the New York Court of Appeals held that claims brought under the Martin Act—New York’s uniquely broad Blue Sky Law, a powerful tool that permits the Attorney…
- May 30, 2018
- Publications
On May 29, 2018, in Lagos v. United States, the Supreme Court unanimously held that the Mandatory Victims Restitution Act of 1996 (the “MVRA”)[1] does not require a criminal defendant to pay the costs and attorneys’ fees associated…
- May 10, 2018
- Publications
Yesterday, Rod Rosenstein, Deputy Attorney General of the U.S. Department of Justice, announced a new policy, in the form of an addition to the United States Attorneys’ Manual (“USAM”), concerning the coordination of corporate…
- May 07, 2018
- Publications
On May 3, 2018, for the second time, the Court of Appeals for the Second Circuit overturned the conviction of former Jefferies trader Jesse Litvak for alleged misstatements to an RMBS transaction counterparty.
- Apr 26, 2018
- Publications
The EU General Data Protection Regulation (the “GDPR”), approved and adopted by the European Union in April 2016, takes effect in all member states of the European Union on May 25, 2018.
- Apr 23, 2018
- Publications
As reported in our earlier client memorandum, in February 2018, the U.S. Supreme Court heard argument in United States Microsoft Corp., a case concerning the government’s ability to compel U.S. service providers to disclose email…
Lorin Reisner will deliver the keynote address at the Gleiss Lutz Annual Compliance & Investigations Conference.
- Mar 08, 2018
- Publications
The DOJ recently intervened in a healthcare fraud lawsuit against a compounding pharmacy company. The DOJ’s decision to name the manager of the private equity fund that owned the pharmacy may signal a more expansive view of manager…
Insurer AmTrust Financial Services Inc. agreed to be taken private by Paul, Weiss clients Barry Zyskind, chairman and CEO of AmTrust, and family members George Karfunkel and Leah Karfunkel, along with a unit of Stone Point Capital…
- Feb 28, 2018
- Publications
In a case that could have a major impact on how and where corporations store their customers’ electronic information, the U.S. Supreme Court heard oral arguments yesterday in United States v. Microsoft Corp. on the extraterritorial…
- Feb 28, 2018
- Publications
Senior representatives of the SEC’s Enforcement Division recently discussed enforcement priorities, developments and other issues of current interest at the Practising Law Institute’s annual “SEC Speaks” event. Although the…
- Feb 27, 2018
- Publications
The SEC recently provided updated guidance on cybersecurity-related disclosure obligations. We discuss the SEC’s new interpretive guidance, which seeks to assist companies in preparing disclosure concerning cybersecurity risks and…
- Feb 23, 2018
- Publications
Since the Supreme Court ruled last June in Kokesh v. SEC that disgorgement claims are subject to a five-year statute of limitations, both lower courts and the SEC have grappled with questions the Court left unresolved, including…
- Feb 22, 2018
- Publications
The Supreme Court held yesterday that individuals who have reported alleged misconduct internally, but not to the SEC, are not covered by the anti-retaliation provisions of the Dodd-Frank Act, resolving a circuit split on the…
- Feb 14, 2018
- Publications
A federal magistrate judge in the Southern District of Florida recently ruled that a law firm had waived work product protection over notes and memoranda of witness interviews when it provided “oral downloads” of those interviews to…
- Dec 04, 2017
- Publications
A judge in the Northern District of California recently allowed the bulk of claims to advance in the Wells Fargo shareholder litigation. Plaintiffs seek to hold the board liable for alleged sales practices that have received…
Litigation partner Lorin Reisner will speak on a panel at the International Bar Association’s Private Equity Transactions Symposium.
- Oct 31, 2017
- Publications
Recent remarks by top officials at the SEC’s Division of Enforcement suggest changes in the enforcement environment, including a de-emphasis on the “broken windows” strategy focusing on minor violations and on settlements requiring…
Litigation partner Lorin Reisner will speak on a panel at the Practising Law Institute’s seminar titled “Pocket MBA 2017: Finance for Lawyers and Other Professionals.”
- Aug 25, 2017
- Publications
On Wednesday, in United States v. Martoma, the United States Court of Appeals for the Second Circuit overruled its own 2014 decision in United States v. Newman and altered the standard for determining whether the personal benefit…
- Jun 06, 2017
- Publications
On June 5, the Supreme Court unanimously held that SEC claims for disgorgement are governed by a five-year statute of limitations. The Court rejected the SEC’s position that the claims are not subject to time limits. The decision…
Litigation partners Brad Karp, Lorin Reisner, Richard Tarlowe and counsel Edward Turan will speak at the 2017 SIFMA Compliance and Legal Society’s Annual Seminar—the securities industry’s premiere event.
- Feb 22, 2017
- Publications
Economic sanctions, anti-money laundering and cybersecurity remain at the forefront of U.S. regulatory priorities. In this memorandum, we survey major developments and trends in these areas in 2016 and early 2017 and provide an…
- Jan 17, 2017
- Publications
On January 13, 2017, the Supreme Court granted certiorari in Kokesh v. Securities and Exchange Commission (U.S. Jan. 13, 2017) (No. 16-529) to determine whether disgorgement claims are subject to the five-year statute of limitations…
- Dec 07, 2016
- Publications
In its first opinion on the scope of insider trading liability
in nearly twenty years, the Supreme Court in Salman v.
United States addressed whether insider trading liability
can arise where a tipper makes a "gift" of…
- Oct 21, 2016
- Publications
On October 19, the Federal Reserve Board ("Board"), the Federal Deposit Insurance Corporation ("FDIC"), and the Office of the Comptroller of the Currency ("OCC") jointly issued an advanced notice of proposed rulemaking ("ANPR")…
- Oct 04, 2016
- Publications
For the first time in nearly twenty years, the United States Supreme Court will hear oral argument tomorrow in a case directly addressing the scope of insider trading liability.
Firm chair Brad Karp and litigation partner Lorin Reisner will
participate in the Practising Law Institute's 48th Annual Institute
on Securities Regulation.
- Sep 15, 2016
- Publications
On Tuesday, the New York Department of Financial Services
("DFS") proposed new rules that would require covered financial
institutions to establish and maintain cybersecurity programs
designed to protect consumers and the…
Litigation partner Lorin Reisner will participate in a panel
discussion at the Practising Law Institute's "Pocket MBA Fall 2016:
Finance for Lawyers and Other Professionals" seminar.
- Sep 01, 2016
- Publications
On August 30, 2016, the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of…
- Jul 01, 2016
- Publications
Following Maria Vullo's confirmation as Superintendent earlier this month, the New York Department of Financial Services ("DFS") yesterday finalized its closely watched proposed regulation on anti-money laundering (AML) monitoring and …
- Jun 03, 2016
- Publications
Tilton v. SEC, No. 15-2103 (2d Cir. June 1, 2016), arose from an action in federal district court brought by Lynn Tilton and her investment firms ("Tilton"), who were respondents in an ongoing administrative proceeding before the…
- May 10, 2016
- Publications
On May 6, 2016, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") released a final rule codifying new and existing customer due diligence ("CDD") requirements under the Bank Secrecy Act ("BSA") for covered …
- Apr 07, 2016
- Publications
It has been a longstanding practice for courts to defer to the
judgment of the government regarding the terms of a deferred
prosecution agreement ("DPA"). A key component of this
deference is a willingness by courts to toll …
- Mar 09, 2016
- Publications
On March 4, 2016, in Tongue v. Sanofi,[1] the Second Circuit
interpreted and applied for the first time the Supreme Court's
decision in Omnicare Inc. v. Laborers Dist. Council Const. Indus.
Pension Fund,[2] which addressed the…
- Mar 04, 2016
- Publications
On March 2, the Consumer Financial Protection Bureau entered an
enforcement order against online payment platform Dwolla, Inc. for
deceiving consumers about its data security practices and the
safety of its online payment system.
…
- Feb 23, 2016
- Publications
The Cybersecurity Information Sharing Act of 2015 ("CISA") was
signed into law on December 18, 2015. The law authorizes companies
to monitor and implement defensive measures on their own
information systems to counter cyber…
- Feb 02, 2016
- Publications
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders ("GTO") imposing temporary reporting requirements on title insurers with respect to "all-cash" purchases of high-end…
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