Two recent federal judicial rulings in New York may play a pivotal role in formally defining the vague legal premise surrounding insider trading. In December, 2nd Circuit Appeals Court judge, Richard J. Sullivan overturned the convictions of traders Todd Newman and Anthony Chiasson. In the case, Newman and Chiasson were accused of using information, informally
Three separate bills were introduced by Republican lawmakers in the Texas State House over the past two weeks, each attacking provisions of the state’s “Judicial-Bypass” process. Judicial-Bypass allows underage girls to seek approval through the court system in order to have an abortion without parental notification. The confidential procedure was established in 1999, in response
Two bills have been recently introduced in the Senate in an effort to reform what some legal scholars consider to be one of the weakest regulations on the books. The Toxic Substance Control Act (TSCA) was introduced in 1976, giving the Environmental Protection Agency (EPA) authority to regulate new and existing chemicals. The law, however,
Supreme Court Justices Stephen Breyer and Anthony Kennedy spoke candidly about reforms needed in the criminal justice system before a House Financial Services and General Government Subcommittee meeting in Washington D.C. on March 23rd. In a rare off-topic discussion, Justice Kennedy spoke bluntly about the criminal justice system to the committee stating that, “In many
The panel orders from the March hearing of the Judicial Panel on Multi-District Litigation (JPML) have been posted. In keep with a potential trend noted after the January hearing orders were posted, the JPML denied more motions to transfer than it granted. Of particular note is the Transfer Order entered in MDL 2606, In Re: Benicar
It is Friday, April 3rd, a week since the entire world, as it would seem, mouthed a collective ‘wait, you did wha?’ toward the mousy but likable state of Indiana. Governor Mike Pence’s Thursday, March 26th signing of his state’s Religious Freedom Restoration Act (RFRA) began a wave of protestation reminiscent of Ferguson, or even
The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit in U.S. District Court in Northern Illinois on Wednesday, April 1st against Kraft foods and snack spinoff, Mondelez International, accusing the companies of price manipulation of the wheat market. The CFTC alleges that Kraft executives and a leading procurement director exchanged several emails outlining a
President Obama vetoed a bill on Tuesday, March 31st that would have blocked changes in the National Labor Relations Board (NLRB) process for organizing and calling for union elections starting April 14th. The 11th-hour bill, which passed along partisan lines, is a response to the NLRB’s December decision to streamline how information is passed from
The orders from the March JPML panel hearing have been posted, and the JPML issued an order denying a motion by a plaintiff to centralize her case in the Mirena IUD device litigation MDL proceeding in the SDNY. In its order, the JPML indicated that centralization into the pending MDL was denied because the potential
The WPLA is broad in its provisions for recovery with some specific limitations. In general, an individual recovering under the WPLA can recover whatever damages they suffered. The Supreme Court discussed damages under the WPLA in Washington stating, “such damages include “any damages recognized by the courts of this state”. Wash. Water Power Co. v.