Deutsche Bank Resists Push for Trump Records, and OSHA Rule Delayed Again: Roundup
Deutsche Bank's lawyers at Akin Gump Strauss Hauer & Feld are refusing Democratic lawmakers' demands for Donald Trump's financing records. Dechert partner Steven Bradbury, up for U.S. Transportation general counsel, takes heat over Takata. The U.S. Supreme Court agrees to hear a dispute about Dodd-Frank whistleblower protection. And OSHA's extending the delay on an Obama-era data-reporting rule. This is a regulatory roundup from ALM and around the web.
June 30, 2017 at 10:16 AM
13 minute read
Welcome back to our weekly roundup of regulatory and compliance news. Got tips or suggestions? Reach me at [email protected] or at 202-828-0315. DM me at @cryanbarber.
Nothing to see here. At least right now. Deutsche Bank's lawyers at Akin Gump Strauss Hauer & Feld are refusing demands from U.S. House Democrats that the bank disclose details about President Donald Trump's financing arrangements. [Reuters]
Talking Takata and torture memos. Dechert partner Steven Bradbury, the Trump administration's pick for Transportation Department general counsel, endured two lines of attack this week at his confirmation hearing. Democrats hammered him over his role in writing the so-called “torture memos” at the Justice Department's Office of Legal Counsel, and he took heat for his role in representing Takata amid its defective air bag scandal. [The National Law Journal]
Carl's Jr. takes a hit for alleged wage violations. Los Angeles City Attorney Mike Feuer is demanding Carl's Jr. Restaurants LLC pay $1.45 million in restitution and penalties for what regulators said was a repeated failure to pay workers the city's minimum wage. “This is a major corporation that should know the rules,” Feuer said in a statement. The parent company, CKE Restaurants, said in response: “This demand is, on its face, simply unreasonable.” [The Washington Post]
Uber equity for drivers. Well, not yet. Uber's reportedly met with the SEC about how the ride-hailing outfit can provide equity to its drivers, whom the company considers independent contractors and not employees. [Axios]
The Trump administration's delaying again an OSHA rule that would require companies to disclose employee injury and illness reports to an online database. “We don't know what's going to happen. No harm in just waiting to see what happens,” one lawyer says. [The American Lawyer]
Whistleblowers grab SCOTUS attention. The high court is taking up a question that has divided appellate courts: Does a corporate insider need to bring a tip to the SEC to receive Dodd-Frank's anti-retaliation protections, or does internal reporting suffice? Jane Norberg, the chief of the SEC's whistleblower office, made her defense for broader protections—and commented on the “ironic” stance of some corporations. [The National Law Journal]
Will the Obama-era overtime rule take effect? Trump's Labor Department this week began formal steps to undo the rule, which was blocked last year by a Texas judge. A lawsuit in New Jersey federal court, however, tests the scope of that injunction. [NPR]
Please, FTC, we need you to regulate. “Some of the nation's biggest Internet service providers are begging a court not to weaken the power of a major regulatory agency—the Federal Trade Commission—in a case that has implications for businesses and consumers nationwide and puts the companies at odds with another key industry player, AT&T.” [The Washington Post]
The EU just fined Google $2.7 billion. What happens next? Google can, and likely will, fight the decision of the European Commission. That was the clear suggestion from Google General Counsel Kent Walker. [The Recorder]
Water water everywhere. But, OK, what is water, really? That's the question Scott Pruitt's begun to ask at the U.S. Environmental Protection Agency, which this week began the steps to roll back an Obama-era water-protection rule. At issue is an Obama-era rule that extended protections for large bodies of water, such as the Chesapeake Bay, to streams and other small waterways. [The New York Times]
Welcome back to our weekly roundup of regulatory and compliance news. Got tips or suggestions? Reach me at [email protected] or at 202-828-0315. DM me at @cryanbarber.
Nothing to see here. At least right now.
Talking Takata and torture memos.
Carl's Jr. takes a hit for alleged wage violations. Los Angeles City Attorney Mike Feuer is demanding Carl's Jr. Restaurants LLC pay $1.45 million in restitution and penalties for what regulators said was a repeated failure to pay workers the city's minimum wage. “This is a major corporation that should know the rules,” Feuer said in a statement. The parent company, CKE Restaurants, said in response: “This demand is, on its face, simply unreasonable.” [The
Uber equity for drivers. Well, not yet. Uber's reportedly met with the SEC about how the ride-hailing outfit can provide equity to its drivers, whom the company considers independent contractors and not employees. [Axios]
The Trump administration's delaying again an OSHA rule that would require companies to disclose employee injury and illness reports to an online database. “We don't know what's going to happen. No harm in just waiting to see what happens,” one lawyer says. [The American Lawyer]
Whistleblowers grab SCOTUS attention. The high court is taking up a question that has divided appellate courts: Does a corporate insider need to bring a tip to the SEC to receive Dodd-Frank's anti-retaliation protections, or does internal reporting suffice? Jane Norberg, the chief of the SEC's whistleblower office, made her defense for broader protections—and commented on the “ironic” stance of some corporations. [The National Law Journal]
Will the Obama-era overtime rule take effect? Trump's Labor Department this week began formal steps to undo the rule, which was blocked last year by a Texas judge. A lawsuit in New Jersey federal court, however, tests the scope of that injunction. [NPR]
Please, FTC, we need you to regulate. “Some of the nation's biggest Internet service providers are begging a court not to weaken the power of a major regulatory agency—the Federal Trade Commission—in a case that has implications for businesses and consumers nationwide and puts the companies at odds with another key industry player,
The EU just fined
Water water everywhere. But, OK, what is water, really? That's the question Scott Pruitt's begun to ask at the U.S. Environmental Protection Agency, which this week began the steps to roll back an Obama-era water-protection rule. At issue is an Obama-era rule that extended protections for large bodies of water, such as the Chesapeake Bay, to streams and other small waterways. [The
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