Disciplines & Topics
Readings: Business Law
At present, the top 100 bitcoin addresses hold 17.3 percent of bitcoin. There are mounting concerns that large holders of bitcoin, known as “whales,” have been colluding to manipulate bitcoin prices.
The controversy over who should head the Consumer Financial Protection Bureau (CFPB) has revived the controversy over the CFPB itself. The CFPB, created by the 2010 Dodd-Frank Act, regulates home mortgages, student loans, and other consumer financial products
Concerns have been raised about the class-cancellation policy for VIPKid's teachers. The VIPKid policies raise the question of whether its teachers deserve labor-law protections as employees or whether they should continue to be treated as independent contractors.
LinkedIn recently lost a decision in federal district court in a case against HiQ, a human resource consulting firm that scraped public data from LinkedIn. LinkedIn argued that HiQ was trespassing under the Computer Fraud and Abuse Act and violating its terms of privacy. HiQ argued that LinkedIn was engaging in unfair business practices and violating its free speech.
Regulation A+, enacted in 2015, has allowed for a handful of “mini-IPOs.” These small initial public offerings are limited to $50 million and have lower disclosure requirements.
Eight states and the District of Columbia have now legalized recreational marijuana. But marijuana companies still face barriers, including opposition from local governments and lack of bank financing.
Since Hurricane Harvey hit, FEMA has given out $2.2 billion in contracts, some of which are being awarded to companies with past violations for similar work.
Chai Feldblum, appointed to the Equal Employment Opportunity Commission (EEOC) by then-president Obama, has championed the idea that discrimination on the basis of sexual orientation or gender identity is a form of sex discrimination. The EEOC accepted this view in rulings in 2012 and 2015.
Apple has been challenging, in negotiations and in the courts, the pricing model Qualcomm uses for its wireless modems. Qualcomm has a licensing fee based on the price of the phone, not the price of the chip.
Douglas Wigdor, a life-long Republican, has risen to prominence as an anti-discrimination lawyer based on his multiple cases against Fox News.
A minor industry has developed in visas through the EB-5 program. The EB-5 program lets immigrants obtain residency visas in exchange for investing at least $500,000 in distressed areas in the United States.
AbbVie Inc., the maker of Humira, a biologic treatment for inflammatory diseases, uses a patent thicket strategy to maintain a monopoly over the drug. AbbVie has over 100 patents on Humira, covering manufacturing processes, drug formulation, methods of treatment, and other aspects of the drug.
Lax regulations in the Houston area aggravated the devastation of Hurricane Harvey.
Johnson & Johnson, the world’s largest health care provider, was recently handed a $417 judgment for its failure to warn customers of the link between talc in baby powder and ovarian cancer.
Many utilities, including those owned by Warren Buffet’s Berkshire Hathaway, are pushing back against the Public Utility Regulatory Policies Act (Purpa). Purpa requires that some utilities buy power from certain providers as long as it is less costly than building a new plant themselves.
Some organizations are challenging “disclosure-only” lawsuits. In these suits, if some aspect of the merger was not disclosed lawyers sue on behalf of plaintiffs in a class action. In many cases, only lawyers are paid in the settlements.
A 2017 U.S. Supreme Court case ruled that there must be a connection between the forum and the specific claims at issue in order to grant court jurisdiction. This case will reduce litigation tourism, where, for example, one resident in a class action is a sufficient basis for granting jurisdiction over many nonresidents.
Illinois passed the Biometric Information Privacy Act (BIPA) in 2008. BIPA requires user permission to collect and store iris, fingerprint, voice, or facial scans. The tech industry has lobbied strenuously against the extension of BIPA to other states.
Mosanto is facing class-action litigation over glyphosate, a major ingredient in Roundup. While the EPA’s Office of Pesticide Programs has approved of glyphosate, an outside scientific review panel raised major questions about the EPA’s benign view of glyphosate.
Jeff Sessions is seeking to overturn parts of the Obama administration’s legal legacy. Perhaps most significant, Sessions is pushing for stricter sentencing for drug offenses, including medical marijuana.
The enforcement-only approach to immigration is leading to sharp labor shortages in agriculture and construction. The Trump administration is considering a merit-based immigration system similar to Canada's and Australia's.
There has been a rapid growth this year in the use of Initial Coin Offerings (ICOs) to fund new ventures. ICOs are a form of crowdfunding using digital tokens like bitcoin.
Odebrecht, a Brazilian construction firm, has paid hundreds of millions of dollars in fines and seen several of its executives go to jail in one of the largest corruption scandals in recent history. Odebrecht, established in 1944, paid bribes throughout Latin American and the Caribbean in seeking large construction contracts.
The SEC and IRS pay whistleblowers a percentage of penalties. The British financial regulatory authorities do not.
The U.S. Commerce Department has started a Section 232 investigation of the steel and aluminum industry. Section 232 is a Kennedy-era trade law that allows the executive branch to investigate whether certain imports constitute a national security threat.
The WannaCry cyberattack raised awareness of many outdated computer systems' vulnerabilities. Fingers have been pointed at the National Security Agency, Microsoft, and companies that failed to patch their systems.
Francisco Riordan says he helped expose Rothenberg Ventures to the U.S. Securities and Exchange Commission (SEC). It's a touchy subject in job interviews.
Don Foss recently stepped down as chairman of Credit Acceptance Corp, a company that pioneered subprime auto loans. Many investors are now shorting the stock of Credit Acceptance. The Federal Trade Commission is investigating its auto loan collection practices.
Investors have filed suit claiming that dividends paid by Fannie Mae and Freddie Mac to the federal government constitute an illegal confiscation of private property. In 2012, the federal government changed the terms of its preferred shares so that all profits from Fannie and Freddie would go to the federal government except for funds held in reserve.
There is room to defend the Trump administration’s overturn of the Obama administration’s rules covering online privacy. The Obama administration’s privacy rules would have required broadband providers to ask customers permission before collecting personal data for use in selling ads.
The book Loan Sharks: The Birth of Predatory Lending by Charles Geisst traces predatory lending from its beginning in the United States until the 1940s with the passage of the Uniform Small Loan Law across many states.
There is growing conflict between California and the Trump Administration over car emissions. Historically, the Clean Air Act granted California the ability to seek waivers from EPA regulations to establish California’s own pollution rules if those rules were not less restrictive than national rules.
Meet Guy Gentile, the stock broker turned informant who double-crossed the FBI.
Howard Lutnick’s sports gambling company, CG Technology, is reportedly being shopped around to gauge interest in a purchase. CG Technology ran into several legal problems involving illegal bets, scheming with bookies, and money laundering.
Rep. Bob Goodlatte (R-Virginia) has introduced legislation to reform class actions. The proposed legislation would limit attorney compensation in class actions, bar attorneys from representing the same clients in multiple class actions, and establish tighter requirements for certification of class actions.
Although as a candidate President Trump promised to repeal the Dodd-Frank financial reform act, such repeal does not appear to be a priority right now. Rep. Hensarling’s Financial Choice Act is one alternative to Dodd-Frank, but it has little chance of passing.
There are now twenty-eight states with right-to-work laws that ban mandatory union dues.The last case to address this issue before the U.S. Supreme Court resulted in a split decision.
President Trump ordered the Labor Department to reconsider the fiduciary rule, scheduled to go into effect in April 2017. The fiduciary rule requires financial advisors to put client interests first when handling retirement accounts.
President Donald Trump's executive order restricting immigration from seven predominantly Muslim countries has generated considerable controversy. Critics says the executive order violates the establishment clause of the U.S. Constitution by preferring one religion over another.
Apple is suing Qualcomm on antitrust grounds over licensing fees. Qualcomm makes most of the advanced chips for cell phones and licenses its intellectual property. Apple is arguing that Qualcomm should base its licensing fees on the cost of components and not a percentage of the retail price of the phone, whether the phones use Qualcomm chips or not.
Deutsche Bank structured a transaction with Italy’s Monte dei Paschi bank that allegedly helped to disguise trading losses during the 2008 financial crisis. Basically, the deal was structured for Paschi to have a certain immediate gain followed by a certain delayed gain for Deutsche Bank that was spread out over multiple years.
Gig-economy firms such as Uber and Handy continue to face legal challenges to their treatment of workers as independent contractors. New York state is currently considering legislation that would allow firms to provide portable benefits to workers who would still retain their independent contractor status.
Mark Nordlicht, co-founder of the hedge fund Platinum Partners, has been arrested for what's alleged to be one of the biggest investment frauds since Bernie Madoff's. Nordlicht had left numerous red flags in his past.
The Volkswagen emissions litigation has highlighted the obstacles plaintiffs face in the German legal system. Class actions are generally disallowed in Germany except for some aspects of investor suits.
The U.S. Drug Enforcement Agency recently decided to allow public comment on its proposal to label kratom a Schedule I narcotic. LSD and heroin are Schedule I narcotics and as such are subject to felony prosecution. Kratom works like morphine, but existing research indicates it has fewer of the addictive side effects of morphine and other opioids.
There are several areas where bank regulation may change under the new Trump administration: capital requirements, small banks, shadow banks, stress tests, bank failures, and the Volker Rule.
The Obama administration has accelerated its issuance of regulations as the president's term nears an end. There is some concern that Congress may use the Congressional Review Act to overturn some of these regulations.
The Consumer Finance Protection Bureau (CFPB) is under challenge given that President-elect Donald Trump has pledged o dismantled the Dodd-Frank Act, which established the CFPB. The CFPB is charged with regulating “abusive acts and practices” by large banks and credit unions as well as mortgage services, payday lenders, and debt collectors.
President-elect Trump faces unique conflict of interest issues upon assuming the presidency. He has said he will address those issues by establishing a blind trust overseen by his children. (Note: "When the President’s a Billionaire" (Bloomberg Businessweek, November 14–20, 2016) has not be published online.
The Federal Communications Commission (FCC) recently passed new privacy rules requiring broadband providers to seek permission from their subscribers before they can collect certain personal data. In an opinion piece, "How Not to Regulate The Internet (Nov. 7-13, 2016)," Bloomberg Businessweek's editorial board disagrees with the FCC ruling.
AT&T has made an $85 billion takeover bid for Time Warner. The AT&T-Time Warner takeover must be approved by the Federal Communications Commission and the U.S. Department of Justice.
The British exit from the European Union (“Brexit”) is causing a sharp increase in the demand for legal and consulting advice. There is still great confusion as to what Brexit means.
Congress recently overrode a presidential veto to pass the Justice Against Sponsors of Terrorism Act (Jasta), which had been pushed by the 9,000 families and survivors of the 9/11 terrorist attack. However, the current version of Jasta weakens its force.
Oxitec, a British biotechnology company, has developed a genetically modified mosquito that breeds with mosquitoes allegedly carrying the Zika virus and renders those mosquitoes sterile. However, Oxitec has faced strong community opposition to carrying out tests of the modified mosquitoes in the Florida Keys and in Key Haven, Fla.
Some Missouri state courts in the St. Louis area have become attractive to the plaintiff’s bar. One reason is that Missouri state law allows out-of-state plaintiffs to combine claims with local plaintiffs.
Hampton Creek, a Silicon Valley–based maker of vegan products, is under investigation by the SEC and the Justice Department for securities violations and criminal fraud. One of the allegations is that Hampton Creek had a secret national program to buy its own products at stores in order to inflate sales figures.
The House Financial Services Committee will be interviewing Wells Fargo & Co. executives about the recent scandal involving unauthorized accounts. There have been calls to claw back compensation of Carrie Tolstedt, the Wells Fargo executive who led the unit where the alleged misconduct occurred.
Eric Schneiderman, the New York State attorney general, is investigating Exxon over misleading investors and regulators over climate-change science. The argument is that Exxon knew facts about climate change science that it did not disclose.
Monsanto genetically engineered soybeans and cotton to resist its herbicide, dicamba. Monsanto also planned to create a variant of dicamba that would not blow off onto other plants. The second step is not complete, and the increased use of dicamba is harming other agricultural products.
The federal government is establishing new rules allowing for competitive bidding on selected government tracts for renewable energy projects. These tracts will cleared in advanced for significant environmental conflicts. There are currently eighteen leasing zones for solar power but no designated zones for wind power on public lands.
Two years ago in Alice v. CLS Bank, the U.S. Supreme Court ruled that implementing “abstract ideas” on a computer does not meet the standard of intellectual property. In the aftermath of Alice, federal courts have invalidated over 370 patents under the new standard.
Margrethe Vestager, European Commissioner for Competition, discusses several issues involving European antitrust policy toward American technology companies.
Trade embargo prohibits trips to Cuba to promote tourism. Members of the Trump Organization do not claim to be reviewing business opportunities during their travel to Cuba.
Volkswagen’s $15 billion settlement with the EPA still allows the car company to exceed pollution standards. Under the settlement, Volkswagen owners are given some flexibility in how they deal with individual cars and do not have to immediately meet emission standards.
Philip Rivkin, former chief executive of Green Diesel, was sentenced to ten years in jail for fraudulent selling of renewable fuel credits. The Renewable Fuel Standard requires fuel makers to blend ethanol into gas and biodiesel into diesel products. At the same time the Renewable Fuel Standard allows suppliers who fall short of blending targets to buy credits for use of renewable fuel.
In March, the Obama administration proposed a rule requiring the disclosure of payments to consultants advising companies on anti-union campaigns. Last month a federal district court judge issued an injunction blocking the national implementation of the rule.
The U.S. Supreme court reached a four-to-four deadlock on the Deferred Action for Parents of Americans program. Under that program undocumented immigrant parents of U.S. citizens or legal residents are shielded from deportation.
Important issues in the interface between the law and the internet are being adjudicated in court. Key issues are: (1) are gig workers (e.g., Uber drivers) contractors or employees? (2) what does copyright cover? (3) can the U.S. government access data on servers abroad? and (4) should the "right to be forgotten" be expanded from Europe to around the globe?
There has been a recent stream of added protection to pregnant employees. The U.S. Supreme Court ruled in 2015 that pregnant workers can claim discrimination if employers place an “undue burden” on them without justification.
An Oregon couple is appealing a $135,000 fine for refusing to bake a cake for a same-sex couple. They argue that baking the cake would force them to engage in speech they disagree with.
There is a crazy quilt of occupational licensing laws across the country. A White House report found that more than 1,100 occupations are licensed in at least one state, but only 60 occupations are licensed in all states.
The Consumer Financial Protection Bureau recently issued a proposed rule that would restore the right of people to join in class actions against financial institutions. About 53 percent of credit card loans have arbitration clauses that generally require plaintiffs to seek arbitration first.
Zenefits, a Silicon Valley start-up providing online insurance brokerage services, ran into numerous legal problems around allegedly selling insurance products without a license. Several states have opened investigations into the matter.
*Note: This article is only available in the print version of the magazine.
LabMD, a medical testing company, has been in a protracted legal fight with the Federal Trade Commission over leaks of billing data for 9,000 consumers. LabMD is now closed, but the owner is continuing the legal battle.
Legal challenges are mounting against the Dodd-Frank financial reform. A federal court recently ruled that the designation of MetLife as a “systematically important financial institution” by the Financial Stability Oversight Council (FSOC) was “arbitrary and capricious.” A mortgage lender is also challenging fines imposed by the Consumer Financial Protection Bureau (CFPB).
A number of corporations have objected to North Carolina HB2, which blocks local ordinances that extend public accommodations to LGBT residents. Governor McCrory says the goal of HB2 is to guarantee “the expectation of privacy” in schools and other public places.
*This article is not available online.
Central States Pension Fund, the multiemployer pension fund for truckers, faces the choice of either cutting benefits or going broke. The Multiemployer Pension Reform Act of 2014 allows the Fund to cut benefits.
Jawbone, a maker of fitness trackers, sued its competitor, Fitbit, in California state court over patent infringement and theft of trade secrets. The issue is now also before the International Trade Commission, which could ban the imports of the fitness trackers.
Arizona cities that raise wages or mandate sick pay would lose state funding under legislation being considered by state lawmakers.
The International Agency for Research on Cancer (IARC) has declared that glyphosate—the key ingredient in the weed killer Roundup—is probably carcinogenic. Roundup is the primary earner for Monsanto’s agricultural productivity sector.
There is a struggle in state legislatures over the right of Tesla to sell cars directly to consumers. In Indiana, legislation is being pushed that would force Tesla to find a franchisee.
Apple is resisting a court order to help the U.S. government gain access to the iPhone that belonged to the shooter in the San Bernardino attack. The government claims that it is asking for a one-time request for one device.
While Justice Antonin Scalia may be most known for his originalist constitutional philosophy, his greatest impact may be on the doctrine of standing and the parameters of class actions.
Banks are now competing with software companies in seeking finance patents. Banks have been motivated in part by suits over the way they encode and transmit data on transactions.
The Consumer Financial Protection Bureau (CPFB) will be issuing rules soon on payday lending. The key regulation pertains to lenders who charge more than 36 percent interest: They'll have to make sure that potential borrowers will have enough money to pay back their loans.
The Nevada Public Utilities Commission recently changed rules that set back Elon Musk’s SolarCity in its battle with NV Energy, owned by Warren Buffet’s Berkshire Hathaway. The change involved a sharp drop in the rates rooftop solar providers were paid for the energy they provided to the grid (net metering).
The fiscal crisis in Puerto Rico has raised again the question of whether states should be allowed to file bankruptcy. Currently, municipal governments, not states, can file for bankruptcy protection.
There are two competing proposals to address greenhouse gas emissions in the state of Washington. One would impose mitigation fees on each ton of greenhouse gases released into the atmosphere. The other proposal would impose a $25-per-ton tax on burning fossil fuels and then offset the tax with lowering other taxes.
Musicians are suing Spotify for failing to fully pay for songs that it streams. Some of the suits are seeking class-action status.
Senator Mitch McConnell has been fighting the EPA’s Clean Power Plan. The EPA plan sets individual state carbon-reduction goals that collectively achieve a 32 percent cut by 2030.
Robert Murphy, a 65 year old with over $246,000 in Parent PLUS student loans for his children, is emblematic of a national problem and is seeking relief in federal court. The amount of education debt held by people 65 and older has risen from $2.8 billion in 2005 to $18.2 billion in 2013.
Elizabeth Holmes, founder of blood test pioneer Theranos, faces challenges to the credibility of her firm. Theranos products offer the potential of radically reducing the cost of medical diagnostics and have attracted a top-tier corporate board.
Plaintiffs in ideologically driven cases before the Supreme Court often have little at stake personally in the outcome. In one current case, Abigail Fisher, a recent college graduate, is challenging the University of Texas over its admissions process even though she's no longer in school and is seeking only $100.
Walmart hired Lockheed Martin to monitor activities, including social media, of an employee organization seeking higher wages, more full-time jobs, and predictable schedules. The union-backed group, OUR Walmart, threatened a Black Friday walk-out.
The State of New York attorney general Eric Schneiderman sent cease-and-desist orders to DraftKings and FanDuel, the dominant daily fantasy sports sites. The daily fantasy sports sites claim an exemption under the Unlawful Internet Gambling Enforcement Act.
Keila Ravelo, a partner with Wilkie Farr & Gallagher, faces 25 years in prison on fraud and tax evasion charges. During the course of the investigation of Feliz, it was discovered that Ravelo had been communicating confidential information with plaintiff’s counsel in the negotiations for settlement of class actions against MasterCard.
In the current U.S. Supreme Court case of Friedrichs v. California Teachers Association (CTA), the plaintiff is challenging a prior Court ruling allowing public-sector unions to charge fees to nonmembers. About half of union labor is with public-sector employees.
Ten nonprofit co-ops created by the Affordable Care Act (ACA) have failed recently in part due to a lack of Congressional funding. The co-ops were created to promote competition in state health insurance marketplaces.
In a long running case, the Second Circuit Court of Appeals ruled that Google’s digital book database did not violate copyright law. Google has digitized millions of books and makes a database of snippets of the books available on the Internet.
The Affordable Care Act (ACA) has made a significant impact on Medela, the Swiss manufacturer of breast pumps. The ACA requires insurance coverage of breast pumps and the certification of breast pump suppliers.
Investors have sued the U.S. Treasury for taking all the profits of Fannie Mae and Freddie Mac. The two mortgage finance companies have been under government conservatorship since the 2008 financial crisis.
The IRS is going after counties that issued tax-free bonds to build jails used by federal agencies. Counties had been urged to build jails with capacities larger than needed for local inmates as a source of new revenue.
A Florida plaintiff is suing Texas Roadhouse for age discrimination in hiring. The company claims its hiring policies are job-related and consistent with business necessity even if those policies have a statistically adverse impact.
This book excerpt tells the tale of Tom Hayes, the derivatives trader who was sentenced to fourteen years in prison for his role in rigging Libor rates.
The FDA allows makers of homeopathic products to make claims unsupported by medical evidence, unlike other drug producers. However, consumer complaints of homeopathic products are leading to a possible increase in FDA scrutiny.
The Occupational Safety and Health Administration (OSHA) is still working on trying to update silica exposure rules first set in 1971. OSHA estimates that stronger rules could save around 700 lives a year.
Gene Friedman, the major owner of taxi cab medallions in New York City, is under serious pressure from Uber. Uber now has more than 20,000 vehicles serving customers in New York City.
A new variant of insider trading involves hacking computer servers. In one recent example, the SEC charged foreign hackers with selling press releases with financial information to traders.
Google has thus far been unsuccessful in settling antitrust claims by the European Union (EU). The company has been accused of using its near monopoly in search to promote its other services by placing those services at or near the top of search results.
Commercial fishing remains one of the most dangerous occupations in the country. Nevertheless, the government has been slow to develop safety regulations in line with the Coast Guard Authorization Act.
The Department of Justice has won record settlements in Foreign Corrupt Practices Act (FCPA) cases, even though the government has a poor record going to trial in FCPA cases. Corporate defendants have dared to go to trial only twice since the act came into law 35 years ago, but won both cases.
The SEC has filed a case against collateralized loan obligations (CLOs) operated by Patriarch Partners, which is controlled by Lynn Tilton. Tilton helped to develop the CLO market for securities in distressed industries. She says she protects American families from ruin. The SEC says she defrauded investors.
HarperCollins has released Go Set A Watchman, a companion book to Harper Lee’s To Kill a Mockingbird. Harper Lee is eighty-nine years old, and there's been controversy about legal decisions she's made in recent years.
In 2013, DuPont announced plans to spin off its major chemical operations. The primary reason was to offload environmental liabilities to the spin-off. Unfortunately, these liabilities could reach more than a billion dollars.
Uber has been spending considerable resources lobbying local governments for regulations permitting ride-sharing services.
The National Collegiate Student Loan Trust has filed more than 4,000 lawsuits in five states in an effort to collect on student loans.
The students who attended Corinthian Colleges are seeking debt relief in bankruptcy.
The SEC, under the leadership of Mary Jo White, has been criticized for the slow pace of rule-making and regulatory reform.
David Boies, founder of Boies, Schiller & Flexner (BS&F), plays both sides of the court room and not just the corporate defense side.
Thomas Hayes, a former trader, is the first person to stand trial for Libor-rigging.
There is bipartisan support and opposition to granting President Obama fast track trade authority.
Time is running out for states that did not expand Medicaid under the Affordable Care Act.
Swiss bank executives have been subject to criminal liability in the U.S. for assisting Americans with tax evasion.
The legal battles continue on “product hopping” by pharmaceutical companies.
Brent Yessin, a Tampa-based attorney, has been promoting city and county right-to-work laws.
The Consumer Financial Protection Bureau takes aim at contract clauses that bar class-action suits.
The U.S. Department of Labor is considering applying a fiduciary standard to brokers who handle 401(k) plans.
Ex-interns suing Gawker want to use social media to find plaintiffs.
Alabama churches are lobbying for tighter regulation of local payday lenders.
The average weight of pick-up trucks has grown 26 percent since 2000, in part due to consumer demand and in part due to fuel-efficiency standards.
The Obama administration cut off support for a clean-coal plant, making it harder to meet ambitious emissions goals.
The Shack Shake IPO issued dual-stock with founding investors holding 85.9 percent of the voting rights.
Internet giants are going to court to fight seizures of data.
Critics have found flaws in the Environmental Resources Management (ERM) environmental impact report on the Keystone XL Pipeline written for the U.S. State Department.
Can the U.S. ever untangle its mixed-up maternity leave system?
Having lost at the U.S. Supreme Court, employee organizations are now looking to sue in state courts to be compensated for time spent in security lines.
Major obstacles remain despite President Obama reducing travel, trade, and banking restrictions with Cuba.
The use of special prosecutors could help avoid the problems generated by the failure to indict police in the deaths of Michael Brown and Eric Garner.
Bloomberg BusinessWeek lists sexual harassment law as the 46th most disruptive idea of recent times.
Web-based payday lenders have been moving to Native American reservations to avoid state regulation.
A Philadelphia investment advisor posted comments by Jonathon Gruber that may impact a U.S. Supreme Court ruling on the Affordable Care Act.
Labor groups say the next move is increasing minimums state by state.
There is some resistance to the EPA's draft carbon dioxide emissions rule.
Maurice Greenberg, former CEO of AIG, is suing the federal government over the AIG bailout.
The elderly and disabled may have to pay more to get less care.
New regulations coming as soon as December could determine whether the Internet continues to treat all traffic equally.
In a review of drillers’ data, the resources touted to investors average 6.6 times higher than those reported to the SEC.
A subprime market has been growing for bonds backed by auto loans.
The U.S. Supreme Court is deciding whether to hear a Texas case involving the use of the disparate impact standard in Fair Housing Act litigation.
The Occupational Safety and Health Administration (OSHA) will take a "name and shame" approach to safety regulation.
Health-care providers say they need more consolidation to reduce costs, but their charges are rising.
An oil industry public-relations campaign aims to convince Californians that new carbon rules will lead to high gas prices.
California asks voters for the power to reject insurance price hikes.
American special effects professionals are losing work to tax-subsidized firms in foreign countries.
John Biggs co-edited a recent book, Modernizing Insurance Regulation.
Cynk Technology, a penny stock with one employee, no assets and no revenue at one point, had a $6 billion valuation before collapsing.
Jenaro Garcia, founder of the Spanish internet company, Let's Gowex, has admitted to financial improprieties.
American Apparel founder and CEO Dov Charney is struggling to get his company back.
Hospitals are increasing the use of Big Data, in part due to the Affordable Care Act.
President Obama is about to issue an executive order barring federal contractors from discriminating on the basis of sexual orientation or gender identity.
Argentina is looking for ways to get around an unfavorable court ruling on its $95 billion bond default.
Disclosures are now due to the SEC for so-called conflict minerals.
Part-time employees in Japan have filed wage discrimination lawsuits and formed unions in response to their treatment by employers.
There is concern that a new Mississippi statute would allow businesses to refuse to serve gay customers.
Longtime font designers Tobias Frere-Jones and Jonathan Hoefler have separated and are in litigation over the nature of their business relationship.
Nike is making a big push to catch Adidas in the soccer gear market.
The Washington law firm Patton Boggs withdrew from seeking to enforce a $9.5 billion Ecuadorian court judgment against Chevron for pollution.
Apple, Google, Intel, and Adobe recently agreed to settle the Silicon Valley hiring antitrust case.
Complaints have risen against securities arbitrators managed by the Financial Industry Regulatory Authority (FINRA).
At stake in a Supreme Court case is Aereo’s streaming model and networks’ retransmission rights, worth billions.
The SEC needs a multibillion-dollar data system to determine if speed traders are doing more harm than good.
Hobby Lobby, a $3.3 billion family-held company, is challenging the contraception mandate of the Affordable Care Act.
Many groups feel that mandating arbitration in international trade treaties is undemocratic.
Investors are challenging a U.S. Treasury decision that all of Fannie Mae and Freddie Mac earnings go to the government.
A federal district court judge ruled that the $9.5 billion judgment by an Ecuadorian court had been obtained through "bribery," "coercion," and other methods that violated RICO.
Most trades in the $426 trillion interest rate swap market must now take place on swap execution facilities.
Berkshire Hathaway, led by Warren Buffett, has not provided a full picture of the performance of some of its smaller operating units.
Two Bitcoin entrepreneurs have been arrested and charged with money-laundering, while major banks have settled for cash fines and deferred prosecutions.
A number of state and local governments now ban asking about arrest and conviction records on job applications.
Following the chemical spill that left 300,000 West Virginians without tap water, the mystery isn't how it happened, but who really really runs Freedom Industries, the company responsible.
Nu Skin Enterprises, a maker of anti-aging skin products, has been criticized in the Chinese press for its sales and marketing practices.
The 2014 World Economic Forum in Davos, Switzerland is trying to keep up the momentum for globalization.
Authorities are investigating whether traders used chat rooms to rig rates in the currency exchange market.
A disgruntled business partner of a prominent homebuilding company hired an ex-con to sabotage the firm's stock price.
Even at 964 pages, including a preamble, the newly approved Volcker Rule leaves many questions unanswered.
Gary Gensler has been issuing advisory opinions on overseas derivatives and competition in the swaps market as his term as CFTC chair comes to a close.
Merrill Lynch recently settled in a racial discrimination case with black brokers.
Marco Rubio is seeking to eliminate "risk corridors" from the Affordable Care Act.
Lenders face restrictions designed to keep homeowners from getting in over their heads.
The president wants negotiations over the Volcker Rule, which curbs risky bank trades, to be done by the end of the year.
The CFTC was given the biggest grant of new authority under Dodd-Frank but not the budget to match its increased responsibilities for regulating swaps.
The 2011 America Invents Act has provided technology companies with a new tool to fight patent trolls: the patent review.
Chevron launched a civil racketeering lawsuit against Steve Donziger, a New York environmental attorney who won a $19 billion judgment against Chevron in a Ecuadorian court.
U.S. court decisions in the last few years have reduced the scope of class actions.
Dodd-Frank financial regulation is leading to an uptick of mergers by small banks.
Recent FDA guidelines require that medical apps that diagnose and treat conditions must meet similar quality standards that apply to devices like ultrasound machines.
Two executives of Hamburg-based ALW Food Group plead guilty to fraud in connection with illegal imports of honey from China.
Lynn Szymoniak won a large settlement as part of a whistle-blowing case against financial institutions using poorly prepared documents in mortgage foreclosures.
The NFL agreed to give more than 5,000 former NFL players a $765 million dollar settlement for ailments related to head injuries.
The three-hour shutdown of the Nasdaq in August due to a software error underlined the importance of the recent SEC-proposed rules that set standards for electronic trading.
The U.S. Department of Justice Antitrust Division is opposing the merger of American Airlines and US Airways.
President Obama granted Apple a reprieve under which the U.S. International Trade Commission will not block certain iPhone 4 and iPad 2 models from entering the country.
There are still multiple law suits challenging the Affordable Care Act along a range of issues.
The Federal Reserve Bank is reviewing a 2005 decision that allowed banks to trade physical commodities.
Gary Gensler, chair of the Commodity Futures Trading Commission, has ruffled feathers in the pursuit of regulation of the $633 trillion swaps market.
U.S. regulators are proposing capital standards of 5 percent of assets for eight large U.S. bank holding companies.
The shortfall in Medicaid expansion coupled with last year's U.S. Supreme Court decision will likely leave many low wage workers without health insurance.
BP is challenging a claims administrator’s interpretation of a multi-billion dollar settlement the company made over the 2010 oil spill in the Gulf of Mexico.
Technology companies are struggling with the response to the leaks by NSA contractor Edward Snowden.
Marc Toberhoff, a Los Angeles attorney, has been in a long-running legal crusade to win the rights to Superman for the families of Jerome Seigel and Joe Shuster, creators of the action hero.
Employers appear to prefer H-1B visas over green cards and are lobbying for an increase in the number of H-1B visa holders.
Two attorneys have been accused of engaging in an extensive and lucrative copyright trolling operation involving pornography.
The European competition commission is concerned with collusion in setting reference prices for oil.
Banks are concerned about the growth and consolidation of credit unions.
The Obama administration is reviewing regulations under the 1976 Arms Export Control Act.
The implosion of Howrey, a large law firm, sheds light on the changing role of large firms in the legal profession.
Elaine Wynn is seeking permission to sell her shares in Wynn Resorts, which could cause Steve Wynn to lose control of the company.
The U.S. Commodity Futures Trading Commission (CFTC) is investigating the whether or not there has been manipulation of ISDAfix.
Bus travelers recently launched an on-line protest over their treatment by bus companies.
There is considerable confusion about the scope of potential employer penalties under the forthcoming insurance mandate established by the Affordable Care Act.
Banks are back to selling collateralized debt obligations (CDOs), which played a role in the last credit bubble.
A Senate investigation has provided evidence that JPMorgan hid from investors the extent of its trading losses on credit derivatives.
There is a political struggle over the required levels of doctor supervision of nurse practitioners.
The Consumer Financial Protection Bureau is moving slow in the regulation of overdraft fees by banks.
The U.S. Department of Justice is seeking $5 billion in penalties against S&P for inflated credit ratings.
Over 4,000 former NFL players and their wives are suing the NFL over life-altering brain injuries from playing days.
Swap traders have moved to futures exchange in response to new CFTC swap regulations.
Charges of insider trading at SAC Capital have gotten closer to founder Steven Cohen.
Bill Ackman of Pershing Square Capital Management has accused Herbalife of being a pyramid scheme.
A Texas company wants to move ahead with adult stem cell therapy but has faced impediments from the FDA.
The U.S. Federal Reserve is planning to place capital requirements on U.S. branches of foreign banks.
Voters in Colorado and Washington legalized recreational marijuana, but it's still illegal under federal law.
By admitting fault and paying a huge fine, BP got clear of criminal charges. But it still faces potentially billions in civil penalties.
Business opposition has set back the Cybersecurity Act of 2012 for the time being.
In order to preserve foreign exchange, the Argentine government has undertaken a number of measures, including currency controls and import matching. Under import-matching, an Argentine importer must import a roughly equivalent amount of goods.