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Showing 761 - 780 of 809 results

 Alert

January 28, 2014

Community Banks Get Some Relief from the Requirements of the Volcker Rule

In a move that should offer some relief to community banks, five federal financial regulatory agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange C...

 Alert

January 13, 2014

Alcoa Pays $384 Million in the Fifth Largest Foreign Corrupt Practices Act Case

Alcoa World Alumina LLC, a majority-owned subsidiary of Alcoa, has agreed to plead guilty to one count of violating the Foreign Corrupt Practice Act (FCPA). As part of the plea agreement, Alcoa will pay a criminal fine of $209 million and will disgor...

 Alert

January 09, 2014

Federal Court Declares the Ohio Supreme Court "Misinterpreted" the Law in Creating "Logo Liability" in Ohio

Roetzel’s Transportation Group attorneys obtained a favorable decision from the United States District Court for the Southern District of Ohio on January 7, 2014, in UPS Ground Freight, Inc. v. James Farran, et al., Case No. 3:12-cv-00130-MRM, whic...

 Alert

December 23, 2013

Illinois Banking Act Authorizes Derivative Transactions under Dodd-Frank

In an Interpretive Letter issued by the Illinois Department of Financial and Professional Regulation, Division of Banking (Department), the Department has determined that the Illinois Banking Act (Act) provides authority for Illinois’ state chartered...

 Alert

December 13, 2013

Antitrust: European Commission Fines Johnson & Johnson and Novartis over $22 Million for Delaying Market Entry of Generic Painkiller Fentanyl

Not only was a fine imposed, but the companies were also reprimanded for their behaviour. Commission Vice-President Joaquín Almunia, in charge of competition policy, said, "J&J paid Novartis to delay the entry of a generic painkiller. The two compani...

 Alert

November 27, 2013

Be Wary of Improper Inducements from Laboratories: False Claims Act Settlement Agreement with Bostwick Laboratories, Inc.

In sum, the settlement agreement in Bostwick is simply further evidence that the government will aggressively enforce and monitor laboratory and physician practices that encourage or contribute to overutilization. Therefore, a failure to establish an...

 Alert

November 19, 2013

FDA to Initiate Limited Regulation of Compounding Pharmacies

At the beginning of 2013, FDA initiated an aggressive schedule of inspections of compounding pharmacies involved in the production or repackaging of large volumes of drugs. Almost immediately, FDA identified two compounding pharmacies producing taint...

 Alert

November 18, 2013

Expanded Antitrust Whistleblower Protections Pass in the U.S. Senate

The language of the bill, as approved in the Senate, provides that, “no employer may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against a covered individual in the terms and conditions of employment” because of...

 Alert

November 15, 2013

Banks Face Huge Costs in the Event of a Data Breach

Cyber insurance, along with appropriate property casualty coverage for physical damage exposure to equipment, data and media, a comprehensive financial institution bond and director and officer (D&O) liability coverage, when combined, offer financial...

 Alert

November 13, 2013

Expanded HIPAA Privacy Rules Impose Requirements on Non-Healthcare Businesses in Possession of Medical Records

The Omnibus Rule greatly expands the number of organizations directly responsible for compliance with HIPAA privacy regulations. The requirements of the Omnibus Rule make BAs liable for failure to secure Protected Health Information (PHI), a rule tha...

 Alert

November 12, 2013

FDA Removes Trans Fats From GRAS List

The agency has opened a 60-day comment period on this preliminary determination to collect additional data and to gain input on the time potentially needed for food manufacturers to reformulate products that currently contain artificial trans fat sho...

 Alert

November 07, 2013

Illinois State Police Release Sample Sign to Ban Concealed Weapons on Private Property

On July 9, 2013, Illinois passed the Firearm Concealed Carry Act (FCCA), becoming the 50th state to permit the concealed carry of firearms. The FCCA permits Illinois residents and non-residents who meet specified qualifications to apply for a licen...

 Alert

November 01, 2013

DOJ Announces Record $34 Million Settlement in Immigration and Employment Eligibility Verifications Case

On October 30, 2013, the Indian company Infosys (INFY), a publicly traded company, reached a record $34 million settlement with the Department of Justice (DOJ), to settle "allegations of systemic visa fraud and abuse of immigration processes." T...

 Alert

October 28, 2013

FDIC Issues Warning to Bank Directors and Officers on Exclusionary Terms in Liability Policies

Earlier this month, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 47-2013. In the advisory, the FDIC sought to warn the officers and directors of its supervised banks of a recent increase in exclusionary terms o...

 Alert

October 24, 2013

Payments for Lavish Vacations Results in $48 Million FCPA Settlement for Diebold, Inc.

After the SEC entered into the agreement with Diebold, Inc., Scott W. Friestad, an Associate Director in the SEC’s Division of Enforcement, reinforced that, “A bribe is a bribe, whether it’s a stack of cash or an all-expense-paid trip to Europe.” Mr....

 Alert

October 22, 2013

Landmark Decision Clarifies Illinois Mortgage Foreclosure Law

Roetzel attorney Mark D. Belongia has secured a significant Illinois Appellate Court victory for client First American Bank. The landmark decision clarifies the Illinois Mortgage Foreclosure Law and defines the options available to banks against mort...

 Alert

October 15, 2013

The New Lee County Abandoned Property Registration Program Ordinance - How it Affects Lenders

On September 24, 2013, the Lee County Board of County Commissioners adopted the “Lee County Abandoned Property Registration Program Ordinance” with its stated purpose being to limit and reduce the deterioration of property and the protection of neigh...

 Alert

October 10, 2013

Banks are Increasingly Becoming Targets of Americans with Disabilities Act ATM Class Action Lawsuits

Just recently, however, ATMs have become the focus of law firms that specialize in representing disabled individuals. Certain law firms have filed hundreds of almost identical ADA ATM class action lawsuits in federal court since March 2012. Some of t...

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October 08, 2013

Community Bank Pays $8.2 Million Penalty for Money Laundering Violations

Saddle River Valley Bank (SRVB), a two-branch New Jersey community bank whose assets were acquired by Center Bancorp Inc. in 2012, has agreed to pay $8.2 million to settle claims that it violated anti-money laundering laws. U.S. Attorney Paul Fi...

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October 07, 2013

Owners of Jensen Farms Indicted for Listeria Outbreak

The listeria outbreak killed 33 people and sickened 147 people across 28 states. It is considered the deadliest food-borne outbreak in more than 25 years according to the Centers for Disease Control (“CDC”). U.S. Attorney John Walsh said the case ser...