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Consumer Protection
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December 05, 2023
Big Bank CEOs Bemoan Basel III Ahead Of Senate Grilling
Chief executives of some of the nation's biggest banks will be sounding the alarm about proposed capital requirement hikes when senators question them on Capitol Hill on Wednesday, with JPMorgan's Jamie Dimon warning of dire potential consequences that will "fundamentally alter the U.S. economy."
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December 05, 2023
Texas Sued By Pregnant Woman Seeking Abortion Care
A Texas woman who says she is suffering pregnancy complications sued the Lone Star State on Tuesday seeking to block its abortion bans, so she may terminate a nonviable fetus, in what an advocacy group believes is a first-of-its-kind case since the U.S. Supreme Court decided Roe v. Wade in 1973.
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December 05, 2023
Split 9th Circ. Won't Revisit Meta Investor Suit In Data Scandal
The Ninth Circuit on Monday declined Facebook's request to rehear by three-judge or en banc panel a revival of a putative securities class action over the Cambridge Analytica data abuse scandal, with one jurist voting to grant the company's petition for rehearing en banc.
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December 05, 2023
SEC, Terraform Clash Over Jury's Role At Upcoming Trial
The U.S. Securities and Exchange Commission and Terraform Labs are sparring over whether a jury can determine if Terraform's tokens are securities as the parties await the court's decision on competing motions for summary judgment.
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December 05, 2023
9th Circ. Throws Out Tinder Age Bias Settlement Again
The Ninth Circuit held Tuesday that a revised $5.2 million settlement between Tinder and users accusing it of age bias still doesn't hold up, ruling that the class representative has a conflict of interest and failed to vigorously litigate on behalf of the proposed class before agreeing to the deal.
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December 05, 2023
Honda Wins Bid To Slash Most Atty Fees In Valve Defect Suit
The counsel behind the $1.4 million valve defect jury verdict for Honda drivers that the automaker called an "abject failure" does not deserve $5.6 million in fees and costs, a California federal judge has ruled, approving only $1.5 million.
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December 05, 2023
Lending Co. Best Egg Looks To Arbitrate Predatory Loans Suit
Online lender Best Egg has moved to compel arbitration of a proposed class action accusing the company of raking in millions of dollars by charging borrowers unlawfully high interest rates, arguing the plaintiffs "indisputably assented" to loan agreements containing arbitration provisions.
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December 05, 2023
FCC Seeks $22M In Fines For Rural Deployment Defaults
The Federal Communications Commission says two broadband providers have backed out of their bids to provide internet to more than 7,000 census blocks with Rural Digital Opportunity Funds, and it now plans to fine them $22.4 million.
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December 05, 2023
3rd Circ. Affirms Arbitration Denial In MicroBilt FCRA Suit
A three-judge Third Circuit panel on Tuesday upheld a New Jersey court's decision denying credit reporting company MicroBilt's request to compel arbitration in the case of a woman who sued the company for denying her a loan when it mistook her for someone on a government watch list.
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December 05, 2023
Objectors Try, Again, To Derail Mich. Tax Foreclosure Deal
Class members opposing a proposed settlement between 43 Michigan counties and homeowners who seek the profits the counties made selling their tax-foreclosed homes are now saying several class representatives have died during the litigation, and questioning if others in the case actually owned the properties in question.
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December 05, 2023
Massive Hack At 23andMe Got Health, DNA Ancestry Data
Hackers accessed data from about 6.9 million users of the DNA testing company 23andMe Inc., the company confirmed Tuesday. The breach got a wealth of sensitive information, including health and DNA ancestry profiles.
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December 05, 2023
Jackson Urges High Court To Dispose Of Automatic Vacaturs
U.S. Supreme Court Justice Ketanji Brown Jackson on Tuesday again criticized a procedural mechanism that obligates the justices to vacate lower court opinions and offered up an alternative analysis they could use to decide whether to vacate rulings by the lower courts.
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December 05, 2023
Monsanto Gets Roundup Carcinogen Suit Dismissed
A California federal judge has dismissed with prejudice a suit by consumers alleging that ingredients in Monsanto's Roundup could form a dangerous cancer-causing substance, saying the complaint fails to allege that such a thing has happened in the products at issue.
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December 05, 2023
Calif. Justice Asks 'What's Consumer To Do?' In Lemon Fight
California Supreme Court justices on Tuesday doubted Chrysler's arguments that a consumer who traded her lemon vehicle with a third party must deduct its trade-in value from restitution she's entitled to under the Song-Beverly Act, noting Chrysler repeatedly refused to buy back her Jeep, with one justice asking, "What's the consumer to do?"
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December 05, 2023
5th Circ. Unsure Of Free Speech Claims In Tobacco Case
A Fifth Circuit judge appeared skeptical Tuesday of an argument by R.J. Reynolds Tobacco Co. that cigarette companies' freedom of speech is being violated by government mandated text warnings and supposedly graphic images on packs of cigarettes to advertise the health risks of smoking.
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December 05, 2023
Crypto Project Says SEC's Actions Warrant A Case Dismissal
Defendants in the U.S. Securities and Exchange Commission's case against crypto project Debt Box have urged a federal judge to toss the case after he found the agency misrepresented certain facts to secure a temporary restraining order, arguing the SEC "also got the complaint badly wrong."
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December 05, 2023
Trade Group Says About Time FCC Hikes Broadband Speeds
Network trade group Incompas is throwing its weight behind the Federal Communications Commission's plan to hike the upload and download speeds required to qualify as broadband service, with the eventual goal of getting the download speed all the way to 1 gigabit from the current 25 megabits per second.
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December 05, 2023
Sens. Urge FCC To Hasten Opening Of 12 GHz Band
Two U.S. senators called on the Federal Communications Commission to push through new rules opening the 12 gigahertz airwaves for fixed broadband use as long as it doesn't disrupt the band's incumbent users.
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December 05, 2023
Car Service Co. Accused Of Selling Noncompliant Contracts
A Spokane, Washington, woman has lodged a putative class action accusing a vehicle service contract provider and its insurer of violating state law by illegally selling and issuing noncompliant service contracts and protection product guarantees to Washington state customers.
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December 05, 2023
JetBlue-Spirit Deal Trial Wraps As Judge Mulls Middle Ground
While hearing closing arguments in a monthlong bench trial, a Massachusetts federal judge weighed Tuesday whether he could strike a balance between permanently barring a proposed $3.8 billion merger between JetBlue Airways Corp. and Spirit Airlines and letting the deal go through as is.
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December 05, 2023
High Court Axes ADA Case But Says Issue Is 'Very Much Alive'
The U.S. Supreme Court decided Tuesday that Acheson Hotels LLC's Americans with Disabilities Act appeal against a self-appointed "tester" is moot, finding the disabled litigant voluntarily dismissed her suit against the company, though the court said the issue of standing to sue over accessibility information on businesses' websites is "very much alive."
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December 04, 2023
Spanish Media Hits Meta With €550M Suit Over Ad Targeting
An association representing more than 80 Spanish media outlets has become the latest to challenge Meta Platform Inc.'s advertising practices, lodging a €550 million ($596 million) lawsuit Monday that accuses the social media giant of building its dominant position in the market by ignoring the European Union's data protection rules.
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December 04, 2023
Energy Investment Co. Sues Del. Investor Protection Agency
An energy investment company has sued the Investors Protection Unit of the Delaware Department of Justice, arguing that an enforcement action the department launched against it violates its constitutional due process rights, including the right to a jury trial.
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December 04, 2023
FTC Sues 7-Eleven, Alleging Violation of 2018 Consent Order
The Federal Trade Commission is suing 7-Eleven for buying a Florida fuel outlet without giving prior notice, alleging the purchase violated a 2018 consent order.
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December 04, 2023
SEC Head Accountant Flags Cash Flow Statement Concerns
The chief accountant of the U.S. Securities and Exchange Commission said Monday that cash flow statements are consistently a top area of restatements from issuers, warning that issuers and auditors are obligated to treat them as critically as other financial statements.
Expert Analysis
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Why E-Commerce Tools Are Under Fire Amid Privacy Lawsuits
As lawsuits try to shoehorn new technologies into decades-old privacy laws never intended for the digital age, e-commerce tools and the companies that use them are increasingly at risk, and retailers should act now to minimize their potential exposure, say attorneys at Benesch.
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Opinion
Metaverse Regs Pose Risks To Consumer Safety And Privacy
The U.K.'s recently passed Online Safety Act, and other pending proposals globally, could remove metaverse users' anonymity — with potentially catastrophic ramifications for virtual world activity, consumer privacy and safety, and the line between government authority and platform decision making, says attorney Donna Etemadi.
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How New Expert Rules Are Already Changing Court Decisions
Though not formally effective until last week, some courts have been relying for several years on amended federal rules clarifying judges’ gatekeeping role, so counsel should be prepared to justify their expert witnesses’ methodologies and expect additional motion practice on expert testimony admissibility, say Colleen Kenney and Daniel Kelly at Sidley.
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Opinion
Legal Profession Gender Parity Requires Equal Parental Leave
To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.
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'Paper Tiger' Finds Its Fangs: Repeat Offenders And The CFPB
Following the Consumer Financial Protection Bureau’s recent imposition of structural remedies on Enova for repeat offenses, financial institutions, especially those that have previously been subject to consent orders, need to carefully consider their options when facing future enforcement proceedings with the CFPB, says Caitlin Mandel at Winston & Strawn.
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Opinion
CFPB's Credit Card Late Fee Rule Likely Unconstitutional
Though the Consumer Financial Protection Bureau’s recently proposed rule to cap credit card late fees addresses important policy points, it appears to be arbitrary and capricious under the Administrative Procedures Act and runs afoul of the Fifth Amendment, says James Skyles at Skyles Law Group.
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Superfund Site Reopenings Carry Insured Risk, Opportunity
The U.S. Environmental Protection Agency's reported plans to reopen certain Superfund sites citing the presence of per- and poly-fluoroalkyl substances raise notable liability concerns, but may also present unique opportunities for policyholders under the Comprehensive Environmental Response, Compensation, and Liability Act, say attorneys at Haynes and Boone.
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FCC Notice Of Inquiry Highlights AI Robocall Concerns
The Federal Communications Commission recently released a notice of inquiry seeking comment on the implications of emerging artificial intelligence technologies on robocalls and robotexts, raising questions around its authority to address AI under the Telephone Consumer Protection Act, say Aaron Weiss and Samantha Goldstein at Carlton Fields.
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New Regs Will Strengthen Voluntary Carbon Offset Market
Voluntary carbon offsets are a vital tool for organizations seeking to achieve net-zero greenhouse gas emissions — and recent efforts by the U.S. Commodity Futures Trading Commission, the U.S. Department of Agriculture, the state of California and others are essential to enhancing the reliability and authenticity of carbon credits, says David Smith at Manatt.
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How FinCEN's Proposed Rule Stirs The Pot On Crypto Mixing
The Financial Crimes Enforcement Network’s recently issued proposal aims to impose additional reporting requirements to mitigate the risks posed by convertible virtual currency mixing transactions, meaning financial institutions may need new monitoring techniques to detect CVC mixing beyond just exposure, say Jared Johnson and Jordan Yeagley at Buchanan Ingersoll.
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Series
Writing Thriller Novels Makes Me A Better Lawyer
Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.
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What Lawyers Must Know About Calif. State Bar's AI Guidance
Initial recommendations from the State Bar of California regarding use of generative artificial intelligence by lawyers have the potential to become a useful set of guidelines in the industry, covering confidentiality, supervision and training, communications, discrimination and more, say attorneys at Debevoise.
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Industry Must Elevate Native American Women Attys' Stories
The American Bar Association's recent research study into Native American women attorneys' experiences in the legal industry reveals the glacial pace of progress, and should inform efforts to amplify Native voices in the field, says Mary Smith, president of the ABA.
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How Color Psychology Can Help Tell Your Trial Narrative
Research shows that color is a powerful sensory input that affects memory and perception, so attorneys should understand how, when and why to use certain shades in trial graphics to enhance their narrative and draw jurors’ focus, says Adam Bloomberg at IMS Consulting.
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A Look At Mass. Sports Betting Data Privacy Regulations
The Massachusetts Gaming Commission recently approved data privacy regulations under the state's sports wagering act to promote responsible gaming, showing a trend of regulators directing companies on how to protect personal information used by artificial intelligence systems, say Liisa Thomas and Kathryn Smith at Sheppard Mullin.