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Corporate Counsel

Visa Hires Antitrust Heavyweights to Carry Out DOJ-Misunderstands-the-Market Defense

"Anyone who has bought something online, or checked out at a store, knows there is an ever-expanding universe of companies offering new ways to pay for goods and services," Visa General Counsel Julie Rottenberg said in a statement.
4 minute read

Corporate Counsel

DOJ Files Antitrust Suit Against Visa Alleging It Thwarts Payment-Processing Rivals

Visa handles more than 60% of debit card transactions in the U.S., and collects more than $7 billion in annual processing fees, a lucrative business the company protects through illegal, anticompetitive practices, the Department of Justice alleges.
3 minute read

International Edition

Interlaw Launches AI Training for 8,000 Lawyers to Promote Responsible Use

The global network aims to set standards for AI use across its 90 member firms.
3 minute read

International Edition

Facebook Breached Canadian Privacy Laws But Avoids Court Penalty

The Federal Court of Appeal decision relates to misuse of users' personal data between 2013 and 2015.
3 minute read

Corporate Counsel

Norfolk Southern Fires Legal Chief and CEO, Saying They Had Inappropriate Relationship

The company dismissed Nabanita Nag, effective immediately. She joined the rail giant in 2020 and received a major promotion two years later.
3 minute read

The Recorder

How One Brazilian Judge Could Suspend Musk's X in the Coming Hours

The justice, Alexandre de Moraes, has threatened to suspend social media giant X nationwide in the coming hours if its billionaire owner Elon Musk doesn't swiftly comply with one of his orders. Musk has responded with insults, including calling de Moraes a "tyrant" and "a dictator."
7 minute read

Daily Report Online

Expert: Georgia Tech Faces Uphill Battle in Suit Over Cybersecurity Failures

"The government has the full force of the Department of Justice, so they can be very difficult to litigate, expensive in terms of discovery, typically there are lots of experts at multiple stages," said Kate Seikaly, managing partner of Reed Smith's Tysons, Virginia, office.
7 minute read

International Edition

Carrots vs. Sticks: Corporate Compliance, Not Enforcement, Is Driving the Fight Against Corruption in Latin America

Corruption in Latin America remains widespread despite government efforts to curtail it, but businesses operating in the region are rising to the challenge. Data from a recent survey reveals that corporations are increasingly responding to elevated corruption risks and low levels of trust in state institutions by adopting sophisticated compliance strategies that mitigate risks and protect legitimate business operations.
5 minute read

Corporate Counsel

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.
2 minute read

Corporate Counsel

Businesses Still Fuzzy About Corporate Transparency Act Compliance as Deadline Looms

The new law, aimed at curtailing corruption and money laundering, will force private companies to identify who owns them—information some had been keeping under wraps.
4 minute read

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