The Latest

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  Regulators want clawbacks from bank execs insensitive to risk

  “[P]oorly designed financial institution compensation programs can provide incentives for short-term risk taking that can jeopardize the safety and soundness of the institution,” FDIC Chair Martin Gruenberg said.

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  Companies using Gen AI weigh regulatory and compliance risks

  Generative AI has endless use cases, but it also introduces risks amid demands for transparency, explainability and bias mitigation, executives say.

  Emerging Issues

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  17 states sue to block EEOC pregnancy accommodation rule

  The rule’s abortion accommodation provisions conflict with the Pregnant Workers Fairness Act, the plaintiffs, led by Tennessee, alleged.

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  FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat

  The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.

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  Merchants urged to file claims for $5.5B payment card settlement

  Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.

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  How women counsel can up their board chances

  A good start is to network and talk with recruiters while you’re still in your in-house or outside counsel role, the head of an executive network says.

  Hiring/Talent

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  Former Google workers say protest-related firings were illegal

  The ex-employees said the tech giant violated their labor rights when firing at least 28 employees for protesting against its cloud services contract with the Israeli government.

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  Opinion

  AI in litigation: Questions to ask your outside counsel

  Outside counsel should be prepared to show metrics on how their use of AI tools improves accuracy and speed on the litigation matters they handle for their corporate clients. 

  Legal Technology

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  TD faces DOJ money-laundering probe

  Criminals allegedly laundered millions of dollars of fentanyl proceeds through TD branches in New York and New Jersey, according to The Wall Street Journal.

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  Big fines might get employees to end off-channel communications

  Companies must get a handle on unsupported networks even if they’re not technically illegal outside of some federal rules, enforcement specialists say. 

  Compliance

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  Block’s Dorsey rebuffs compliance allegations

  The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.

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  Combining CLO with corporate secretary reduces legal problems

  The findings of an academic study counter a widespread view that the dual role leads to conflict that can increase risk.  

  Lawsuits and Litigation

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  FTC targets ‘junk patents’ on Ozempic, other top drugs

  The move broadens the antitrust regulator’s campaign against allegedly “improper or inaccurate” patent listings by drugmakers to include top-selling medicines for weight loss, diabetes, asthma and COPD. 

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  Every Dropbox Sign user stung in cyberattack

  An attacker intruded the electronic signature platform’s production environment and accessed a trove of user data, including OAuth tokens.

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  Opinion

  What to know about the DOJ’s M&A safe harbor policy

  Extending due diligence beyond traditional document review and implementing strong post-closing integration are among the ways to identify potential violations before they cause problems.

  Compliance

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  EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply

  Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.

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  FCC fines 4 major wireless carriers $200M for selling customer location data

  The Federal Communications Commission fined T-Mobile, Sprint, AT&T and Verizon nearly $200 million for illegally sharing customers’ location data.

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  FTC broadens breach notification rule to include apps

  Regulators have been pursuing more enforcement actions against health applications sharing consumers’ data. Friday’s final rule should give those actions more heft.

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  EEOC finalizes harassment guidance, addressing remote work and gender identity

  Harassment can include “outing” individuals, misgendering, and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.

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  Think like a business person to move in-house, recruiter says

  Being on top of a legal specialty is crucial but you must think beyond that to apply your skills in a way that can help an organization move towards its goals.

  Hiring/Talent

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  Will Kroger and Albertsons’ revised divestiture plan satisfy the FTC?

  The grocers’ new deal with C&S Wholesale Grocers indicates they have heard the agency’s concerns — but whether it will be enough to get their proposed merger through remains unclear, analysts said.

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  FTC sues Doxo over deceptive ads, junk fees

  After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.

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  Manufacturing CFO in court over Williams Sonoma contract fraud

  “Greed can easily overtake one’s ability to be content,” the IRS says. “Mr. Nardone abused his position as the Chief Financial Officer and conspired with others to secure favorable contracts.” 

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  FTC effort to obtain litigation holds in Amazon case sparks privilege battle

  The agency says it needs preservation notices and messaging instructions to gauge the extent of spoliation in its antitrust battle against the company — and whether the spoliation was deliberate.

  Lawsuits and Litigation

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  Retailers object to Visa-Mastercard settlement

  The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

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