News

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SEC Teaches ICO Investors a Lesson

May 21st, 2018

In its latest effort to thwart cryptocurrency scammers, last week the Securities and Exchange Commission launched its own (mock) initial-coin-offering website: HoweyCoins.com.  But Howey Coins...

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New EU Regulation Protects Consumer Data Privacy

May 15th, 2018

After many years of debate, the European Union has passed a comprehensive set of data privacy rules known as the General Data Protection Regulation (GDPR).  These rules, which go into effect on...

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$97 Million Dollar Judgement to Wells Fargo Employees for Unlawful Rest Breaks

May 10th, 2018

On May 8, 2018, the Central District of California awarded more than $97 million to home mortgage consultants and private mortgage bankers employed by Wells Fargo that were denied rest breaks...

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Cocktail Server Illegally Fired From NYC’s Ascent Lounge

May 1st, 2018

On Thursday, April 26, 2018, the National Labor Relations Board ruled in favor of a New York City cocktail server who was fired after complaining at a staff meeting about the wage practices and...

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Supreme Court of California Expands Definition of “Employees” Who Are Protected by Wage Laws

April 30th, 2018

On April 30, 2018, the Supreme Court of California, the highest court in the State, reached a landmark decision for hourly workers.  In Dynamex Operations West, Inc. v. Lee, the Court denied...

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Ninth Circuit Rules That Employers Cannot Use Employees’ Salary Histories to Justify Paying Women Less Than Men

April 30th, 2018

Earlier this month, the Ninth Circuit Court of Appeals, the highest federal court in California, issued a significant decision that could ultimately have national implications for women fighting...

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The Third Circuit Weighs FTC Enforcement Power Against Abusive Pharmaceutical Brands

April 27th, 2018

Under FDA regulations, any interested person may petition the FDA to issue, amend, or revoke a regulation or order, or to take or refrain from taking any other form of administrative action. ...

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Ninth Circuit Holds that Shareholders Must Only Show Negligence to Bring Claims in Tender Offer Cases Under the Exchange Act

April 27th, 2018

On April 20, 2018, the Ninth Circuit ruled in Gary Varjabedian v. Emulex Corp., et al. that claims brought under Section 14(e) of the Securities Exchange Act of 1934 (the “Exchange Act”)...

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Delaware Court of Chancery Partially Denies Motion to Dismiss Waste Claim in Shareholder Derivative Suit Filed on Behalf of CBS Corporation

April 26th, 2018

On April 19, 2018, the Court of Chancery partially denied defendants’ motion to dismiss plaintiff’s corporate waste claim against certain directors and officers of CBS Corporation (“CBS”...

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Yahoo! Agrees to Pay $35 Million SEC Fine for Failing to Disclose Massive Cybersecurity Breach

April 25th, 2018

On April 24, 2018, the United States Securities and Exchange Commission (“SEC”) announced that Altaba, formerly known as Yahoo!, agreed to pay a $35 million penalty to settle claims related to...

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