In 2005, Halliburton hired Anthony Menendez to be the Director of Technical Accounting Research and Training in the Finance and Accounting department. Menendez trained field accountants and monitored accounting issues. A few months after he was hired, he reported to his boss, the Chief Accounting Officer (CAO), that some of Halliburton's accounting practices deviated from Generally Accepted Accounting Principles (GAAP).
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When a John Doe plaintiff signed up for the dating website PositiveSingles.com, he thought his information was being kept private. And why not? The website, if you can deduce from the URL, is a dating site for people who are HIV-positive, as well as those who are interested in dating HIV-positive people (who are not, themselves, always HIV positive).
The website is part of a larger network of websites, all owned by the same company -- SuccessfulMatch Network -- that caters to different types of people, like Christians or HIV-positive African Americans. And that was part of the problem.
One of the most infuriating things about the 2008 subprime mortgage crisis and subsequent collapse of the economy was the absolute lack of accountability. Banks and big businesses were bailed out, nearly nobody was charged with crimes, and the executives who caused the whole mess continued on with massive salaries -- especially Jamie Dimon, who received a 74 percent raise after JPMorgan Chase agreed to a $13 billion (on paper) settlement with the government.
Now, with the settlement booked, and the statutes of limitations nearing their end dates, Alayne Fleischmann, the lawyer who was the key witness used to leverage the settlement, has come forward in a Rolling Stone feature, hoping that it will pressure the Justice Department to prosecute those responsible -- those who allegedly intentionally packaged and mislabeled junk subprime mortgages before selling them to investors.
The largest Clean Air Act fine in history will send $300 million from Hyundai and Kia up in smoke.
Pause for laughter.
Hyundai and Kia gave the EPA incorrect certifications for the greenhouse gas emissions of 1.2 million cars in 2012 and 2013. How much is that in greenhouse gas? About 4.75 million metric tons more than what the auto makers told the EPA the cars emitted, according to an EPA press release.
In-house attorneys have a lot of worrying to do, and they write a lot of letters. But last week, Karen Kasier, general counsel for The Associated Press, found herself writing a letter asking the Justice Department why it impersonated the AP and disseminated a fake news story.
The story actually begins seven years ago when the FBI was trying to figure out who owned a MySpace account (yes, this was practically the Stone Age) that was sending bomb threats to a high school in Washington state. Using a bit of trickery, the FBI created a fake news article, written by "the Associated Press," and sent a link to the article to the MySpace account. The website contained a bit of malware that would allow the FBI to trace the computer.
Last year, we blogged about the new "fast track" (Track One Prioritized Examination) system for patent applications. The idea is simple: Pay more upfront, do less work, and get your patent faster.
By many accounts, the new fast track was definitely faster than older expedited methods (an average of 184 days from filing to allowance), and was cheaper too -- research published on the Patently-O blog said that despite the higher upfront cost, fast-tracked patents would actually save money in the long run.
Who's hopped on to the fast-track train since then? No surprise that it's a tech company -- namely, Google.
It seems like every month we wake up to another story about some giant company getting hacked -- or worse, negligently storing user data out in the open where anyone can get to it.
In the wake of data privacy breach after data privacy breach, the FCC is finally doing something other than worrying about Janet Jackson's wardrobe malfunction. On Friday, the FCC proposed a fine of $10 million against TerraCom and YourTel America for data privacy breaches.
How does this affect general counsel?
Here's a lesson for companies: Trying to deceive customers into paying for bogus things they never ordered will cost you. First, the FTC said it would go after T-Mobile. Now, it's settled with AT&T for $105 million.
Cram It, AT&T
"Mobile cramming" is the practice of charging the customer for a service the customer didn't ask for, according to the FTC. Apparently, AT&T was incentivized to help the practice along, thanks to the 35 percent cut of the cramming charges it received from third parties that sent customers unwanted texts, ringtones, or other minutiae (referred to as "premium short message services" or PSMS).
Once in a while, you have to applaud the villain's genius. This alleged scheme by Marriott's Nashville Gaylord Opryland Hotel and Convention Center? Kind of genius.
According to the FCC, Marriott jammed convention-goers' personal Wi-Fi hotspot signals, while charging exorbitant fees for access to Marriott's own network. Marriott, which reportedly agreed to a $600,000 fine and a three-year consent decree, assured the public that they were merely protecting them.
The FTC is here to drink milk and kick butt -- and it just finished its milk. Operation Full Disclosure is an FTC initiative designed to encourage truth in advertising. According to a press release, the FTC sent warning letters to 60 advertisers regarding factual claims and disclaimers in TV and print ads.
Weight loss ads were targeted for not noting that the results embodied in testimonials weren't typical. Ads claiming a "free trial" of a product didn't say that the consumer had to pay for shipping. And so on.