https://www.law360.com/compliance?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Compliance Copyright 2026 Portfolio Media, Inc. en-US Tue, 26 May 2026 22:29:42 +0000 https://www.law360.com/compliance/articles/2481956?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481956 A compliance lawyer convicted at trial for allegedly conning an Emigrant Bank unit out of $20 million by lying about his investment firm's tax lien collateral was sentenced Tuesday in Manhattan federal court to a year and a day in prison for what prosecutors say was a straight-up scheme to steal from a Federal Deposit Insurance Corporation-insured bank.  Tue, 26 May 2026 22:29:00 +0000 https://www.law360.com/compliance/articles/2482071?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2482071 The U.S. Department of Homeland Security issued a new directive seeking to expand Immigration and Customs Enforcement attorneys' authority to target immigration attorneys, who the department says "abuse" the asylum system by filing false asylum claims. Tue, 26 May 2026 21:38:14 +0000 https://www.law360.com/compliance/articles/2481844?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481844 New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong. Tue, 26 May 2026 21:29:55 +0000 https://www.law360.com/compliance/articles/2481859?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481859 Charles Schwab and its investors have urged the Fifth Circuit to affirm a final deal they reached in Texas federal court to conclude an antitrust suit over its merger with TD Ameritrade, arguing among other things that Iowa's attorney general lacks standing to appeal the class settlement. Tue, 26 May 2026 20:59:25 +0000 https://www.law360.com/compliance/articles/2481936?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481936 The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets. Tue, 26 May 2026 20:49:15 +0000 https://www.law360.com/compliance/articles/2481943?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481943 A group of 44 attorneys general for states including California, New York, New Jersey and Michigan have created a coalition opposing the House version of the Kids Internet and Digital Safety Act, H.R. 7757, and signed a letter to congressional leaders pointing out the shortcomings of the bill. Tue, 26 May 2026 20:38:23 +0000 https://www.law360.com/compliance/articles/2481866?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481866 The U.S. Air Force has told the U.S. Supreme Court that the Ninth Circuit erred in holding that the military branch was required to comply with the National Environmental Policy Act before seeking to renew a permit to dispose of hazardous waste at Tarague Beach on Guam.  Tue, 26 May 2026 19:12:14 +0000 https://www.law360.com/compliance/articles/2482051?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2482051 Attorneys for two consulting company executives accused of bribing a top U.S. Navy admiral shifted and narrowed their core defense strategies in the wake of a mistrial last year, a risky move that paid off earlier this month when a federal jury in D.C. found the pair not guilty on all counts. Tue, 26 May 2026 18:47:35 +0000 https://www.law360.com/compliance/articles/2482048?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2482048 U.S. Securities and Exchange Commission Chairman Paul Atkins said Tuesday evening that the agency is in the process of writing rules aimed at encouraging more companies to go public, including by potentially relaxing prohibitions on communication between prospective public companies and investors. Tue, 26 May 2026 18:14:25 +0000 https://www.law360.com/compliance/articles/2482005?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2482005 The owner of a Pennsylvania mushroom farm will get a new sentence for failing to forward her workers' tax withholdings, after the Third Circuit ruled Tuesday that her sentencing guidelines should not have included an additional $1.8 million in taxes that her company failed to pay. Tue, 26 May 2026 18:02:41 +0000 https://www.law360.com/compliance/articles/2481937?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481937 Apple Inc. and OpenAI Inc. told a Texas federal court that X Corp. wrongly stymied their ability to take depositions from X employees amid the social media company's sweeping antitrust suit, saying that X has refused to schedule the required number of depositions. Tue, 26 May 2026 18:01:38 +0000 https://www.law360.com/compliance/articles/2481849?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481849 The Federal Trade Commission has urged the D.C. Circuit to revive its lawsuit accusing Meta of monopolizing personal social media through its purchases of WhatsApp and Instagram, arguing the district court wrongly held the question of monopoly to when the case went to trial, not when the FTC sued. Tue, 26 May 2026 17:59:44 +0000 https://www.law360.com/compliance/articles/2481964?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481964 The Federal Communications Commission told an Israeli company the agency's rules do not prohibit law enforcement authorities from using the firm's drone-countering system during the World Cup, but said waivers might be needed for deployment at other events. Tue, 26 May 2026 17:40:40 +0000 https://www.law360.com/compliance/articles/2481906?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481906 The Ninth Circuit on Tuesday partially upheld a lower court's preliminary injunction and class certification orders in litigation from University of California researchers against President Donald Trump, backing the reinstatement of grants terminated due to presidential orders against diversity, equity and inclusion initiatives while reversing the injunction for those grants that were rescinded without explanation. Tue, 26 May 2026 17:39:10 +0000 https://www.law360.com/compliance/articles/2480891?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2480891 The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman. Tue, 26 May 2026 17:36:03 +0000 https://www.law360.com/compliance/articles/2481907?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481907 Engine manufacturer Cummins Inc. and its investors have received final approval of a $1.6 million deal ending claims the company hurt investors by hiding emissions control devices in certain engines, causing it to owe $2 billion in payments to regulators to settle Clean Air Act claims. Tue, 26 May 2026 17:31:35 +0000 https://www.law360.com/compliance/articles/2481398?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481398 After the U.S. Supreme Court's decision in Montgomery v. Caribe Transport II that freight brokers may be liable for selecting unsafe motor carriers, the key question will be whether brokers used reasonable care in selecting a given motor carrier, with the concurring opinion offering some clues as to what reasonable care might look like, says Marc Blubaugh at Benesch. Tue, 26 May 2026 17:21:56 +0000 https://www.law360.com/compliance/articles/2481826?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481826 Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform. Tue, 26 May 2026 17:16:05 +0000 https://www.law360.com/compliance/articles/2476322?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2476322 As usage of artificial intelligence in healthcare continues to rise, the due diligence landscape for healthcare mergers and acquisitions demands attention to risks that frameworks from even just a few years ago were not designed to catch, say attorneys at Husch Blackwell. Tue, 26 May 2026 17:03:36 +0000 https://www.law360.com/compliance/articles/2481857?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/compliance/articles/2481857 The U.S. Securities and Exchange Commission is close to wrapping a lawsuit accusing Icaro Media Group Inc. and its CEO of selling investors a $22 million false narrative about the planned launch of a sports media smartphone application, telling a New York federal court on Tuesday that the parties have agreed to settle the case.