March 09, 2023 | Corporate Counsel
More Cities Enter Litigation Fray Over Hyundai and Kia Theft VulnerabilityHyundai and Kia already face class action suits filed throughout the country.
By Chris O'Malley
5 minute read
March 09, 2023 | Corporate Counsel
SEC's Activision Smackdown Over 'Risk Factors' Reverberating Through Legal DepartmentsThe agency found that when the video-game maker identified employee hiring and retention as a risk, that triggered a requirement that it put controls in place to assess the volume and nature of workplace complaints.
By Chris O'Malley
5 minute read
March 07, 2023 | Corporate Counsel
AbbVie's Newly Retired Laura Schumacher Remained Among Highest-Paid Legal Chiefs in Final YearCEO Richard Gonzalez announced last fall that Schumacher was retiring at year-end, saying it is "difficult to overstate the extraordinary impact Laura has had on AbbVie."
By Chris O'Malley
2 minute read
March 03, 2023 | Corporate Counsel
Pay-Transparency Laws Are Overlooking Bonus Income—for Now"Bonuses and discretionary awards if not transparent could allow for one-sided deals. Favored employees could still come out ahead of others and biases could lead to inequities in pay," said Katerina Bezrukova, a management professor at the University of Buffalo.
By Chris O'Malley
4 minute read
March 02, 2023 | Corporate Counsel
Eli Lilly's Insulin Price Cut Not Likely to Extricate It From Legal Morass"If a company has acquired or maintained monopoly power through anticompetitive means, they're liable under the antitrust laws whether or not they're exploiting their monopoly power by charging monopoly prices," said Daniel Crane, a professor at the University of Michigan Law School.
By Chris O'Malley
3 minute read
February 28, 2023 | Corporate Counsel
FTC Bags First Settlement in Probe of 'Review Hijacking' in E-CommerceReview hijacking occurs when a marketer makes reviews for a highly rated product appear to apply to another. An FTC official said the tactic is "plain old false advertising."
By Chris O'Malley
3 minute read
February 28, 2023 | Corporate Counsel
Companies' Push to Attract Millennials Fueling Age-Discrimination Suits"If companies want to avoid this trap, they should probably refrain from being explicit in looking for members of certain age demographics in general," said Michael North, an assistant professor at New York University.
By Chris O'Malley
6 minute read
February 27, 2023 | Corporate Counsel
Pay Surge for Blackstone CLO Pushes Him Into the Elite $20M-Plus ClubLegal chief John Finley received a 25% pay boost in 2022, a year the private equity giant's stock price fell 43%. The company said some of the compensation was tied to results from a year earlier.
By Chris O'Malley
3 minute read
February 27, 2023 | Corporate Counsel
'It's Time to Get Creative': How Frustrated Deputy GCs Can Make the Leap to Legal ChiefThe legal expertise that served attorneys well as they ascended to deputy GC is no longer nearly enough to progress to the top job, consultant Susan Hackett said. "Start thinking like a businessperson."
By Chris O'Malley
7 minute read
February 24, 2023 | Corporate Counsel
ACC Amicus Brief Asks 'Who's Next?' If SEC Gets Covington Client Info"If the government's position were to prevail, a staggering number of federal agencies would have the unfettered ability to invade client confidences with an administrative subpoena," said Susanna McDonald, the Association of Corporate Counsel's chief legal officer.
By Chris O'Malley
4 minute read
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