Compliance Hot Spots: Sanctions are 'The New FCPA' + SEC Expands Crypto Enforcement Unit + Elon Musk Joins SCOTUS Battle Over SEC Gag Orders
Deputy Attorney General Lisa Monaco told white-collar lawyers that it's "critically important" for companies to understand the business impact of recently imposed Russia sanctions.
May 04, 2022 at 05:17 PM
10 minute read
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. It's been a quiet week on the legal front in D.C., but we had to find something to fill the newsletter. (Check out my colleague Marcia Coyle's coverage of "the leak" here.) Today, we examine the impact of sanctions enforcement emerging as potentially DOJ's top corporate enforcement priority. Plus, the SEC is expanding its crypto enforcement section and Elon Musk is jumping into a Supreme Court fight over SEC gag orders. Please reach out with tips and feedback. Contact me at [email protected] and @AGoudsward on Twitter.
Lisa Monaco, Deputy Attorney General at the U.S. Department of Justice, testifies before the Senate Judiciary Committee during a hearing entitled "Renewing and Strengthening the Violence Against Women Act," on October 5, 2021. Photo: Diego M. Radzinschi/ALM
Russia Sanctions Are 'The New FCPA'
To stress the importance of the DOJ's efforts to enforce newly imposed Russia sanctions, Deputy Attorney General Lisa Monaco used a comparison that would be instantly familiar to the room full of white-collar lawyers she addressed last week in New York City.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Pre-Internet High Court Ruling Hobbling Efforts to Keep Tech Giants from Using Below-Cost Pricing to Bury Rivals
6 minute read
After Fining Investment Firms Billions for Lost Text Messages, Regulators Turn Scrutiny to Audio Recordings
FTC Settles With Security Firm Over AI Claims Under Agency's Compliance Program
6 minute read
People and Purpose: AbbVie's GC on Leading With Impact and Inspiring Change
7 minute readLaw Firms Mentioned
- Quinn Emanuel Urquhart & Sullivan
- McDermott Will & Emery
- Perkins Coie
- Latham & Watkins
- Gibbons PC
- Morgan, Lewis & Bockius
- Squire Patton Boggs
- O'Melveny & Myers
- Paul Hastings
- Kirkland & Ellis
- Orrick, Herrington & Sutcliffe
- Weil, Gotshal & Manges
- Cadwalader Wickersham & Taft
- Friedman Kaplan Seiler & Adelman LLP
- Reed Smith
- Blank Rome
- Loeb & Loeb
Trending Stories
- 1Judicial Ethics Opinion 24-89
- 2It's Time To Limit Non-Competes
- 3Jimmy Carter’s 1974 Law Day Speech: A Call for Lawyers to Do the Public Good
- 4Second Circuit Upholds $5M Judgment Against Trump in E. Jean Carroll Case
- 5Clifford Chance Hikes Partner Pay as UK Firms Fight to Stay Competitive on Compensation
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
