(USA Today, April 5, 2015) In a mayoral race in Chicago, an issue that is gnawing at Chicagoans is over red-light cameras. The angst in Chicago, where a red-light camera violation will set you back $100, is hardly an anomaly. From South Florida to Southern California, the use of red-light cameras by law enforcement agencies …
(The Wall Street Journal, April 2, 2015) The SEC gave a boost to corporate whistleblowers, reaching the first settlement with a company accused of muzzling tipsters through restrictive employment agreements. Engineering and construction company firm KBR Inc. agreed to settle allegations that the company required witnesses in internal investigations to sign confidentiality agreements that could …
(USA Today, April 1, 2015) Planned oil industry layoffs in the U.S. are approaching 100,000 in the past four months with more likely to come. Oil producing states such as North Dakota, Texas, Oklahoma, and Louisiana are the brunt of the cutbacks as consumers are enjoying cheaper gasoline prices brought on by a 55% drop …
The Seattle Times, May 22, 2013 Apple CEO Tim Cook strongly defended the company’s tax practices in a Senate hearing highlighting their use of Irish subsidiaries to shelter billions of dollars of income from U.S. taxes. “We pay all the taxes we owe-every single dollar,” Cook told the Senate’s Permanent Subcommittee on Investigations. “We not …
The Wall Street Journal, May 22, 2013 The Irish government denied it shelters some of the world’s largest corporations, such as Apple, from paying taxes, saying that its long standing low corporate tax regime is transparent and doesn’t make it a tax haven. An investigation by the U.S. Senate has revealed that, through the technicalities …
The Wall Street Journal, April 12, 2013 Criminal insider trading charges were brought by federal prosecutors against Scott London, a former KPGM LLP partner who the government said reaped more than $50,000 in cash and gifts, including a $12,000 Rolex watch, for providing stock tips that enabled a friend to make at least $1,200,000 in …
Bribery Law Dos and Don’ts (The Wall Street Journal, November 15, 2012) In the high-stakes world of international business, sometimes a cup of coffee is just a cup of coffee. This and other bits of wisdom were revealed in long anticipated guidance from the U.S. government about which practices might put corporations in violation of …
SEC whistle-blower program is starting to pay off Los Angeles Times, August 23, 2012 They’ve called from pay phones. They’ve had secret meetings at hotels and even at a church. For the past year, whistle-blowers deep inside corporate America have been dishing dirt on their employers under a U.S. Securities and Exchange Commission program that …
Barclays’ Former CEO Blames Regulators Bob Diamond blames regulators in rate-fixing scandal (The Seattle Times, July 5, 2012) Fallen banking titan Bob Diamond, Barclays’ former CEO, described regulators on both sides of the Atlantic as “party complicit” in a scandal involving the manipulation of a key interbank lending rate, telling a British parliamentary committee that …
Senate Passes Ban On Insider Trading The Wall Street Journal, February 3, 2012 After years of delay, Congress took a big step toward approving new rules to ban lawmakers from trading stocks based on information they pick up in the halls of Capitol Hill. The Senate voted overwhelmingly to pass the legislation called Stop Trading …
