Author Archives: Bloomberg BNA - Staff Reports

Photographer: Krisztian Bocsi/Bloomberg

Dorsey & Whitney Partner on Cybersecurity and Data Breaches (Video)

Dorsey & Whitney Partner on Cybersecurity and Data Breaches (Video)

By Jimmy H. Koo, Bloomberg BNA Having “perfect” cybersecurity is almost an impossible task, but having a culture of awareness of the risks is half the battle for companies doing business in the modern world, Bob Cattanach of Dorsey & Whitney LLP told Bloomberg BNA in a video interview.   Companies often struggle with attuning their culture to be sensitive

Photographer: Andrew Harrer/Bloomberg

Trump to Nominate Big Law and Government Lawyer for Labor Board Spots

By Josh Eidelson, Chris Opfer and Ben Penn, Bloomberg BNA The Trump Administration has submitted attorneys Marvin Kaplan and William Emanuel for FBI background checks, and it plans to nominate them by June to fill the two vacant slots on the National Labor Relations Board, sources briefed on White House plans confirmed to Bloomberg today.

Pictured: Alexander Acosta. Photographer: Emily Harris/Bloomberg

Labor Secretary Hires Sidley Austin Associate As Counselor

By Ben Penn and Chris Opfer, Bloomberg BNA Labor Secretary Alexander Acosta hired Washington attorney Paul Ray as his counselor, the first known personnel move since the secretary was sworn in, Labor Department spokeswoman Jillian Rogers told Bloomberg BNA. Ray was most recently an associate at international law firm Sidley Austin LLP, after clerking for

Photo: Zach Gibson/ Bloomberg

Senate Banking Panel Approves Clayton to SEC

By Rob Tricchinelli, Bloomberg BNA The Senate Banking Committee April 4 approved the nomination of corporate lawyer Jay Clayton to lead the SEC, over the objection of some Democrats. The committee vote was 15-8, with all but three Democrats opposed—Sens. Jon Tester (Mont.), Mark Warner (Va.) and Heidi Heitkamp (N.D.). The nomination now heads to

Photo by Chris Kleponis/ Bloomberg News.

SEC Wraps Up Case Against Adviser Challenging In-House Judges

By Antoinette Gartrell, Bloomberg BNA  Former investment adviser Dawn Bennett must pay nearly $4 million for inflating assets and exaggerating investment returns in radio advertisements for her firm, the Securities and Exchange Commission said. The commission’s March 30 opinion clears the way for Bennett to move forward with her federal court claims that the agency’s


Senate Committee Set to Vote on SEC Nominee Clayton

By Rob Tricchinelli and Andrew Ramonas, Bloomberg BNA   President Donald Trump’s pick to lead the SEC, corporate lawyer Jay Clayton, is scheduled for an April 4 vote by the Senate Banking Committee. Clayton is expected to be approved by the committee, even though committee Democrats have been silent on whether they will support his

Photographer: Victor J. Blue/Bloomberg

Wells Fargo Faces Fewer CFPB Complaints as Lawsuits Loom

By Jeff Bater and Chris Bruce, Bloomberg BNA Consumer complaints against Wells Fargo have returned to levels reported before last September’s fake account scandal, although the risk of litigation could linger for years. The Consumer Financial Protection Bureau database logged half the number of complaints against Wells Fargo in February compared to those recorded at

Photo by Chris Kleponis/ Bloomberg News.

Adviser Challenges SEC In-House Judges for Second Time

By Antoinette Gartrell, Bloomberg BNA The SEC’s administrative law judges are unconstitutionally hired, an investment adviser told the D.C. Circuit March 10 for the second time. A U.S. Court of Appeals for the District of Columbia Circuit panel initially rejected the argument, but the full circuit agreed to reconsider Raymond J. Lucia’s challenge in February.

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White House Proposes $1 Billion Cut to DOJ Funding

By Liz Crampton, Bloomberg BNA President Donald Trump proposed a $1.1 billion cut for the Department of Justice in a budget blueprint released March 16, but the document provides few details on how the administration wants the Antitrust Division to be funded. The fiscal 2018 budget blueprint also doesn’t include proposed funding levels for independent

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Here’s One Class Action Ted Frank Won’t Be Objecting To

By Perry Cooper, Bloomberg BNA  Frequent class settlement objector Ted Frank won’t be objecting to this class action — here, he’s the lead plaintiff. Frank turned to Edelson P.C., a plaintiffs’ class action firm focused on technology and privacy, to file his putative class suit over unsolicited robocalls. He alleges BMOCorp. Inc. made calls to