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Results: 1-10 of 28

FTC delays enforcement of Red Flags Rule through December 31, 2010 to give Congress time to exempt certain businesses from rule’s requirements

  • Foley Hoag LLP
  • -
  • USA
  • -
  • May 28 2010

This morning, Friday, May 28, 2010, the Federal Trade Commission (FTC) announced that it was extending the deadline for enforcement of the Red Flags Rule through December 31, 2010, in order to give Congress sufficient time to amend the law to exclude certain businesses from application of the Rule

Internet Crime Complaint Center (IC3) releases 2009 report on internet crime

  • Foley Hoag LLP
  • -
  • USA
  • -
  • March 12 2010

Today, the Internet Crime Complaint Center (IC3), a federal organization run as a partnership between the FBI and National White Collar Crime Center, released its 2009 Internet Crime Report

Supreme Court limits scope of wire and mail fraud in Skilling v. United States

  • Foley Hoag LLP
  • -
  • USA
  • -
  • July 1 2010

The Supreme Court last week, in the case of Skilling v United States and two companion cases, severely curtailed the reach of the federal mail and wire fraud statutes by confining the "intangible right of honest services" to only those schemes that involve bribes or kickbacks

Red Flags Rule enforcement deadline falls next week

  • Foley Hoag LLP
  • -
  • USA
  • -
  • May 27 2010

This Tuesday, June 1, 2010, marks the official deadline for compliance with the Federal Trade Commission's Red Flags Rule

Increased risk of FCPA prosecution of foreign national executives of U.S. issuers: recent court decision allows open-ended statute of limitations and bases FCPA jurisdiction on email routed through US servers

  • Foley Hoag LLP
  • -
  • USA
  • -
  • February 19 2013

A recent federal court decision highlights the increasing risk of prosecution for foreign national executives under the Foreign Corrupt Practices Act

SEC v. Tambone: the First Circuit reverses course on what it means to “make” a statement under the securities laws

  • Foley Hoag LLP
  • -
  • USA
  • -
  • March 23 2010

The First Circuit’s en banc ruling in SEC v. Tambone, No. 07-1384 (Mar. 10, 2010), vacated a key part of a prior ruling by a three-judge panel, and provides important guidance on the scope of “primary violator” liability under Section 10(b) of the 1934 Exchange Act and Rule 10b-5 thereunder

Incident of the week: Seattle man sentenced to three years in prison for using peer-to-peer software to steal financial records, commit identity theft

  • Foley Hoag LLP
  • -
  • USA
  • -
  • August 13 2009

Yesterday, Frederick Eugene Wood of Seattle was sentenced to 39 months in prison for using LimeWire peer-to-peer (P2P) software to obtain Social Security numbers, bank and financial records and tax returns, which he then used to commit identity theft

First circuit to determine whether sarbanes-oxley act extends whistleblower protection to employees of contractors, subcontractors, and agents of publicly-traded companies

  • Foley Hoag LLP
  • -
  • USA
  • -
  • November 5 2010

The First Circuit has agreed to hear an appeal from a recent District of Massachusetts decision taking a very broad view of the whistleblower protection provision of the Sarbanes-Oxley Act

Hedge funds join “the CEO’s brother-in-law” as the target of insider trading cases

  • Foley Hoag LLP
  • -
  • USA
  • -
  • November 9 2009

Insider trading cases often have focused on "the CEO’s brother-in-law" or similarly situated individuals who used a tidbit passed along at Thanksgiving dinner to make a quick and easy personal profit

Heightened pleading standards in securities fraud class actions

  • Foley Hoag LLP
  • -
  • USA
  • -
  • April 11 2012

The First Circuit Court of Appeals and the District Court of Massachusetts have recently issued opinions in securities fraud class actions that were favorable to the issuer-defendants