Monthly Archives: August 2012

Ignorance Is Not Bliss: Feds Hold Executives Criminally Liable for Corporate Misdeeds

[Link: Responsible Corporate Officer Doctrine: Executives Who Allow Misdeeds Face Career-Ending Consequences – LXBN] Corporate executives who fail to notice – and put an end to – criminal misdeeds that happen on their watch can pay a high price for their lack of oversight. Case in point: Purdue Pharma’s fraudulent marketing of OxyContin, which led not… Read more »

Sunny With a Chance of Rain: Latest Updates on the Environmental Protection Agency

“You win some, you lose some,” might be the motto these days at the Environmental Protection Agency, which has recently seen a legal win in Texas, a loss in the DC District Court, and an unfortunate data breach exposing the personal financial information of nearly 8,000 employees: “The Washington Business Journal published a report of… Read more »

Government Issues Guidance on Cloud Computing Risks for Financial Institutions

Earlier this month, the Federal Financial Institutions Examination Council (FFIEC) – an interagency body of the U.S. government charged with standardizing federal examination of financial institutions – issued a statement on the risks of outsourced cloud computing for banks and other entities. It’s the first regulatory guidance for financial institutions on the specific risks associated… Read more »

SEC Enforcement, Oversight, and Authority: A JD Supra Legal Reader

For your convenience, a roundup of updates on the topic of SEC enforcement, organized into three broad categories: enforcement actions, oversight and authority, and procedures. Enforcement Actions “District of Columbia Circuit Vacates SEC Default Order for Failure to Apply Rule Consistently” in Inside the Courts: An Update From Skadden Securities Litigators (Skadden, Arps, Slate, Meagher… Read more »