August 17, 2022 | Daily Business Review
Amazon: FTC Probe Hounding Bezos, Execs; Subpoenas Too BroadFederal regulators want Amazon founder Jeff Bezos and senior executives to answer questions about Amazon Prime, the popular streaming and shopping service with free delivery and an estimated 200 million members around the globe.
By Marcy Gordon
3 minute read
August 12, 2022 | Daily Business Review
FTC Looking at Rules to Corral Tech Firms' Data Collection"Firms now collect personal data on individuals at a massive scale and in a stunning array of contexts," Federal Trade Commission Chair Lina Khan said.
By Marcy Gordon
4 minute read
May 26, 2022 | Daily Business Review
Twitter to Pay $150M Penalty Over Privacy of Users' DataThe Justice Department and the Federal Trade Commission allege Twitter violated a 2011 FTC order by deceiving users about how well it maintained and protected the privacy and security of their nonpublic contact information.
By Marcy Gordon
3 minute read
March 31, 2016 | New York Law Journal
Judge Rejects Status of 'Too Big to Fail' for Insurance FirmMetLife has won a major legal challenge to the government's policy for preventing another financial crisis, as a federal judge tossed out its designation by regulators that its failure would pose a threat to the financial system.
By Marcy Gordon
8 minute read
August 21, 2014 | Daily Report Online
Justice Dept. Announces $17B Settlement with BofAThe Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
By Pete Yost and Marcy Gordon
1 minute read
July 17, 2014 | Daily Report Online
Senators Call on GM CEO to Fire Top LawyerLawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.
By Marcy Gordon
4 minute read
December 18, 2013 | Legaltech News
Congress Aims to Curb Trade Fallout From NSA SurveillanceMembers of Congress want the Obama administration to demand that U.S. allies back off from proposed restrictions on international data transmissions because they could hurt U.S. companies.
By Marcy Gordon
4 minute read
December 16, 2013 | Daily Business Review
Microsoft GC Wary Of Government SurveillanceMicrosoft's general counsel warns U.S. government surveillance constitutes an "advanced persistent threat" on the level of malware.
By Michael Liedtke and Marcy Gordon
6 minute read
December 11, 2013 | Legaltech News
U.S. Government Snooping an 'Advanced Persistent Threat'?Technology providers are becoming more aggressive in their attempts to counter perceptions that they voluntarily give the government access to users' email and other sensitive information.
By Michael Liedtke, Marcy Gordon
6 minute read
December 11, 2013 | Daily Report Online
How Volcker Rule Would Limit Banks' Risky BetsU.S. regulators have approved a rule that seeks to defuse the kind of risk-taking on Wall Street that helped trigger the 2008 financial crisis.
By Marcy Gordon
5 minute read
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