DC Watch
Short-Term Solution to NLRB Impasse: A 4-Member Board
It is time for a long-overdue dialogue on how to construct a law that is relevant to today's workplace while having a mechanism for stability and predictability in its interpretation and enforcement.
Bungled Facebook IPO Costs NASDAQ $10 Million Penalty
The NASDAQ OMX Group agreed to pay the U.S. Securities and Exchange Commission a $10 million penalty to settle charges related to "poor systems and decision-making" during Facebook Inc.'s initial public offering and subsequent trading.
When a Federal Agency Improperly Targets an Organization
The focus on the political consequences of the Internal Revenue Service scandal has overshadowed a troubling reality that a federal agency targeted specific groups for discriminatory treatment. The critical question is what legal remedies are available to organizations singled out by the government for discriminatory treatment.
Was Amgen a Real Win for the Investing Public?
In an important vindication of shareholder rights, the U.S. Supreme Court in February's Amgen v. Connecticut Retirement Plans and Trust Funds, on a 6-3 vote, held that securities fraud plaintiffs have no obligation to prove that defendant's misrepresentations and omissions were material at the class certification stage.
SEC Investigations 101: 20 Frequently Asked Questions
Most large corporations will face a Securities and Exchange Commission investigation at some point. These 20 decision points commonly faced by counsel during an SEC investigation provide a starting point for developing a strategy.
DOJ Official Testifies on Banks as 'Too Big to Jail'
Banks and other large financial institutions are not immune from federal prosecution because of the potential collateral consequences to the economy, a top U.S. Department of Justice official testified on Capitol Hill.
Senators Grill Apple Executives About Tax Strategy
A day after a congressional panel claimed that Apple Inc. uses offshore entities to avoid U.S. taxes, senators grilled the company's chief executive officer and two colleagues about their tax strategy.
Bribery Prosecutions Revive Following 2012 Lag
Prosecutions under the Foreign Corrupt Practices Act declined during 2012, even as 15 new countries were cracking down on such crimes involving their own government officials, according to a survey by TRACE International Inc.
NLRB Nominees Get Mixed Senate Reception
All five nominees to the National Labor Relations Board appeared Thursday before a sharply divided U.S. Senate committee. Democrats urged their speedy confirmation while Republicans called the board biased and called upon two nominees serving under recess appointments to resign.
News of AP Phone Snooping Lands on GC's Desk
Laura Malone, general counsel of the Associated Press, has found herself in the middle of a struggle with the Obama Administration over the global news organization's seized phone records.
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