Thu, 07/22/2010 - 11:41am
into force and will need to be enacted by secondary legislation, now that the U.K. general election is over. When it comes into force, the Act will replace and consolidate the previous patchwork of common law offences and offences under the Public Bodies Corrupt Practices Act and the Prevention of Corruption Acts 1906 and 1916.
Fri, 07/16/2010 - 10:13am
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The Supreme Court decision in Merck & Co. v. Reynolds1 will make it easier for plaintiffs to avoid dismissal of complaints on grounds that they are time-barred. In that opinion, the Court construed the statute of limitations applicable to private actions brought under Section 10(b) of the Securities Exchange Act of 1934. The relevant provision, 28 U.S.C. §1658(b), provides that a complaint is timely if filed by the earlier of “2 years after the discovery of the facts constituting the violation” or “5 years after such violation.”
Fri, 07/09/2010 - 12:38pm
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(“FCPA”). The U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) appear to be pursuing a course of aggressive investigation and prosecution both within the United States and through cooperation with foreign authorities. Companies that voluntarily disclose their FCPA violations continue to reap significant benefits when dealing with U.S. authorities. As the increased enforcement stance of U.S. law enforcement continues, effective FCPA compliance programs should be a priority for any entity doing business outside of the United States.|
Fri, 07/30/2010 - 3:17pm
Fri, 07/30/2010 - 12:17pm
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For nearly five years, Mr. Meyerowitz was an attorney for a prominent Wall Street law firm before founding Meyerowitz Communications Inc., a consulting company that works with some of the largest and most successful law firms in the country in the area of marketing communications law. Mr. Meyerowitz is also editor-in-chief of A.S. Pratt & Sons’ prestigious publication, The Banking Law Journal, as well as Pratt’s Privacy and Data Security Law Journal. He is a graduate of Harvard Law School. |
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The federal government has intervened and filed a complaint under the False Claims Act against Oracle Corporation and Oracle America Inc. The government alleges that Oracle defrauded the United States on a General Services Administration (“GSA”) software contract that was in effect from 1998 to 2006 and involved hundreds of millions of dollars in sales..jpg)
Over the past decade, the Federal Trade Commission and state enforcers have brought a combined 259 cases to stop allegedly deceptive and abusive practices by debt relief providers that have targeted consumers in financial distress. Now, the FTC has enacted a rule that contains significant new restrictions on debt relief providers. .jpg)
The laws, regulations, and issues surrounding financial fraud are some of the most important concerns to businesses and banking today. 
