ABA Journal

Corporate Compliance

409 ABA Journal Corporate Compliance articles.

Fines against unsafe nursing homes are considered a slap on the wrist

Nursing home regulatory systems are structured around administrative fines—fines that are reduced so routinely that they have become widely considered a cost of doing business rather than an incentive to provide quality care. Read this ABA Journal feature recently honored by the American Society of Business Publication Editors.

Lawsuits fail to bring improvements to nursing homes

While state fines do little to bring meaningful change to the nursing home industry, litigation against the homes doesn’t help spark improvements, either.

Private civil RICO plaintiffs can’t sue based on overseas injuries, Supreme Court rules

The law allowing civil suits by private plaintiffs based on racketeering activity does not reach injuries to business or property suffered outside the United States, the U.S. Supreme Court has…

Rite Aid can’t recover from imprisoned ex-lawyer because of release in shareholder suit, judge rules

A federal judge in Philadelphia has blocked Rite Aid’s $135 million suit in state court against its convicted former chief counsel and vice chairman because of a release signed by…

Panama firm obscured the trail of US funds to protect clients’ money from scrutiny, says NY Times

While there can be legitimate reasons for moving funds abroad to shell corporations, wealthy clients of the Panama-based law firm Mossack Fonseca wanted to know, as one put it in…

San Francisco mulls fining, prosecuting home-share sites like Airbnb for listing unregistered units

In 2015, a law took effect in San Francisco that requires those who make short-term rentals available on sharing sites such as Airbnb, HomeAway and VRBO to register with local…

Appeals court overturns $1.27 billion penalty for Countrywide’s sale of risky mortgages

A federal appeals court has overturned a $1.27 billion civil penalty against Bank of America for risky loans sold to Fannie Mae and Freddie Mac by its Countrywide unit.

The…

Law firm targets real estate companies for ADA suits over inaccessible websites

A wave of “potentially costly and embarrassing” lawsuits over websites which allegedly fail to comply with the Americans with Disbabilities Act has hit real estate and home construction companies, the…

Another bank settles with DOJ over sales of risky mortgages; did it get a better deal than others?

Goldman Sachs Group has agreed to pay $5.06 billion to settle government claims that it sold risky mortgage securities to investors without disclosing the problems.

The settlement includes $1.8 billion…

GM lawyers won’t face Michigan ethics probe

Michigan won’t open ethics probes against lawyers for General Motors who were fired following an internal probe into the automaker’s handling of faulty ignition-switch issues.

Michigan’s Attorney Grievance Commission refused…

Law firm failure—the good kind

Everything is obvious once you know the answer. Humans excel at recognizing after-the-fact inevitability. We reconstruct a logical chain of causation that seems to suggest the outcome was predictable. Yet,…

Former general counsel will receive $850K for alleged defamation by his onetime employer

A former general counsel will receive $850,000 as a result of a lawsuit that contended his former company defamed him in a statement that wrongly implied he was replaced as…

Will those who led the financial system into crisis ever face charges?

In 2005, when the impending financial crisis was obvious to some and under the radar to many, Bill Black published a book laying out his theory of control fraud, his criminological term for looting a corporation from the inside. Read this ABA Journal feature recently honored by the American Society of Business Publication Editors.

Indicted BigLaw lawyer will vacation in Cancun; his firms launch internal probes

The Kaye Scholer partner accused of conspiring in a drug company CEO’s securities fraud scheme will be in Cancun for the holidays.

U.S. District Judge Kiyo Matsumoto this week…

Attorney-client privilege doesn’t protect businessman’s communications with Mintz Levin, court rules

Documents prepared by a BigLaw firm aren’t protected by the attorney-client privilege because of a reasonable inference that its client intended to use the legal services to foster illegal conduct,…

Read more ...