In this C&G Client Alert, Melissa H Maxman, Ronald F Wick, Erica Lai, and Danielle Morello discuss the U.S. Department of Justice's (DOJ) announcement that it will now consider crediting companies for “robust” compliance programs at the charging stage of criminal antitrust investigations. This signals a reversal of the DOJ’s longstanding policy of allowing substantial penalty reductions only for “early-in” whistleblowers.
The law of insider trading has long been criticized as lacking clear standards for what constitutes a violation. Unlike many aspects of federal securities regulations, insider trading is not defined by statute or regulation. Instead, the contours of this complex area have for decades been drawn by shifting and sometimes conflicting judicial interpretations of the anti-fraud provisions of the Securities Exchange Act of 1934 and related rules.
In May, Congress took a big step toward clarifying this area of the law, when the Financial Services Committee of the U.S. House of Representatives unanimously approved the Insider Trading Prohibition Act. If the bill becomes law, it would simplify an inherently complex area, but might also lead to regulators and prosecutors bringing more insider trading cases.
Lawrence T Gresser and Marvin J Lowenthal highlight the ways in which artificial intelligence may affect the law firms of the future in their most recent article for the New York Law Journal.
C Evan Stewart examines the U.S. Supreme Court decisions in the Gold Clause cases of the 1930s in his latest Legal History column for the Federal Bar Council Quarterly.
Miriam González Durántez writes article for the Financial Times about the upcoming Spanish election.
Ronald F Wick discusses the implications of the Federal Trade Commission's plans to create a new task force focused on monitoring competition in U.S. technology markets in his latest C&G Client Alert.
Miriam González examines U.K. trade deals following a "Brexit" in her latest C&G Client Alert.