The Securities and Exchange Commission today charged Global Business Development and Consulting Corp. (Global) and its owner, Anthony J. Mastroianni, Jr., in connection with a $1.2 million fraudulent promissory note scheme targeting older Americans.…Read the Full Press ReleaseHave
CFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection Act
On Aug. 11, 2022, the U.S. Consumer Financial Protection Bureau issued guidance indicating that financial institutions and service providers that fail to adopt sufficient data security measures to protect consumer financial data may violate the Consumer Financial Protection Act provision
Diagnostic Testing Company Hit with COVID-19-Related Securities Suit
The COVID-19-related securities litigation wave has now been around long enough that companies that were sued early on in the pandemic are now being sued again based on more recent developments. Co-Diagnostics, a diagnostic testing company that was sued in
Forced to Settle, But So What?
We have long observed that legal malpractice defendants, who must act according to rules devised by attorneys, and are judged by attorneys, enjoy a greater latitude in professional malpractice litigation than, say, doctors, accountants and other professionals. Though essentially anecdotal,
Protecting consumers online: FTC and CFPB team up with State AGs
The recent National Association of Attorneys General Presidential Summit marked a clear partnership between state AGs, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) to accomplish Iowa AG Tom Miller’s “fight back” presidential initiative: Consumer Protection
The Seventh Circuit Clarifies the Role Rejection of Settlement Offers Plays in Determining Attorney Fee Awards
The Seventh Circuit recently clarified an important distinction between offers of judgment under Federal Rule of Civil Procedure 68 and non-Rule 68 offers of settlement, and explained the role rejection of such offers plays in reducing statutory attorney fee awards.
China Implements “Measures for the Security Assessment of Outbound Data Transfers”
Back in 2020 I wrote a series of three blog posts titled “China Cybersecurity: No Place to Hide”. And two years before that, we started writing about China’s Personal Information Security Specification.
On July 7, 2022, the
The Ongoing Effects of COVID-19 in Landlord-Tenant Law
Francesca Morris
How Auditors Helped Spread Stock-Option Backdating
Stock-option backdating, the practice of changing the reported date of a stock-option grant to an earlier date, proliferated in the 1990s and early 2000s, with nearly one-third of public corporations engaging in it, according to some estimates (Heron and Lie,
If You Filed This Notice Of Exemption With The DFPI, You Have Filed It In The Wrong Place
Section 25102.5 of the California Corporations Code exempts from the issuer qualification requirement of the Corporate Securities Law of 1968 a “transaction” that is the sale of: (i) a series of notes secured directly by an interest in the same