Key Takeaways

• Companies in France should have detailed procedures covering investigations of wrongdoing and should also clearly lay out employees’ rights and obligations during such investigations.
• Investigative tools must be proportionate to the wrongdoing and should respect the privacy rights of employees.
• Companies in France should be engaged in an iterative process of updating policies regarding investigating misconduct.

On March 14,… More

Key Takeaways

• Courts are showing continued skepticism of broad use of federal fraud statutes.  Last week, two decisions repudiated creative government interpretations of wire fraud’s “property” requirement.
• In United States v. Ciminelli, the Supreme Court unanimously rejected the “right to control” theory, holding that only “traditional property interests” can support a federal wire fraud conviction, and the right to accurate information to make an informed economic decision is not such an interest.…

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Key Takeaways

• DOJ continues to focus on corporate self-disclosure and remediation, individual accountability, and international cooperation on corruption matters.
• DOJ is putting new emphasis on the use of compensation system incentives and the threat of clawbacks to encourage compliance efforts by individual employees
• International efforts to improve whistleblower protections and increase beneficial ownership transparency continued to gain momentum

U.S.… More

This is the eighth part in our 2023 series examining important trends in white collar law and investigations. Up next: anti-corruption.

Key Takeaways:

• As we predicted in our March 2022 post, 2022 was a year of heavy cryptocurrency enforcement, with a spike in actions by the U.S. Securities and Exchange Commission (the “SEC”) and the U.S. Commodity Futures Trading Commission (the “CFTC”) against companies and individuals involved in cryptocurrency.…

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This is the seventh part in our 2023 series examining important trends in white collar law and investigations. Up next: crypto enforcement.

2023 promises historic change for the Office of the Massachusetts Attorney General with Andrea Campbell sworn in as the new Attorney General earlier this year. Andrea Campbell ran a campaign on the idea that the Attorney General’s office is uniquely suited to help in uplifting the underrepresented and her first month in office has signaled she intends to prioritize those groups.… More

This is the sixth part in our 2023 series examining important trends in white collar law and investigations. Up next: MA attorney general.

According to the Securities & Exchange Commission, its proposed revisions to SEC regulations regarding climate change disclosures in May 2022 were intended to provide investors with consistent and reliable information regarding how climate change could impact their investment decisions. We have written previously about how these disclosure requirements affect investment advisers and about some of the key takeaways from climate-related disclosures under the new rule.… More

This is the fifth part in our 2023 series examining important trends in white collar law and investigations. Up next: ESG.

Takeaways:

• The SEC’s Division of Enforcement set record-highs in total money relief ordered and total civil penalties assessed in fiscal year 2022.
• The SEC will likely focus its enforcement efforts on securing the cryptocurrency industry’s compliance with the registration requirements of the Securities Act of 1933 and ensuring statements made by investment advisers and issuers concerning their ESG-compliance are both truthful and not misleading.…

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This is the fourth part in our 2023 series examining important trends in white collar law and investigations. Up next: SEC.

Key Takeaways

• With Republicans gaining control of the House, the party has plans to investigate both areas of focus from past Congresses, such as federal support for clean energy companies, and new areas, such as ESG practices.
• Certain areas of interest—especially China,…

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This is the third part in our 2023 series examining important trends in white collar law and investigations. Up next: congressional investigations.

Health care fraud enforcement remained a top priority at both the national and local levels in 2022 and we predict 2023 will be no different.  This post details certain categories of health care fraud that regulators and government agencies have indicated will be a focus in this coming year as well as other expected trends.… More

This is the second part in our 2023 series examining important trends in white collar law and investigations. Up next: health care enforcement.

The days of decreased IRS enforcement activity may be coming to a close.  Although the overall volume of civil audits and criminal investigations has declined in recent years, last year’s Inflation Reduction Act, signed into law by President Biden on August 16,… More