In House - The FindLaw Corporate Counsel Blog

Recently in Government Relations Category

There's very little doubt that the General Data Privacy Regulation, a.k.a. the GDPR, has created an onerous burden on companies that do business globally, especially on the web.

However, recent reports about how tech giant Facebook handles GDPR reporting might make you think twice about how your company is operating. Apparently, Facebook is under the impression that the 72-hour reporting requirement (companies must report data breaches within 72-hours per the GDPR) doesn't get triggered until after the company determines that the breach falls under the GDPR.

AOL/Verizon to Pay Record Fine for Tracking Kids Online

AOL, a Verizon-owned company, has agreed to pay a fine of $4.95 million for helping advertisers track children online.

It sounds like a lot of money, but it also sounds criminal. Isn't "tracking children" the same as "stalking children"?

Technically, they are different but in the court of public opinion it is all bad. And for Verizon, it's all the same: more bad news.

Comcast Rivals Request DOJ Antitrust Probe

A lobby group for small television and broadband companies has asked the federal government to investigate whether Comcast is using its television programming to muscle out competition.

The American Cable Association, which represents more than 700 companies, says the media giant is so dominant that others cannot compete. They have asked the Department of Justice to investigate claims that Comcast is using its position to leverage them out of markets and raise prices for consumers.

Comcast, which recently emerged from government restrictions after purchasing NBCUniversal, said the claims are "without merit." The DOJ, however, has been considering the anti-competition concerns for years.

3 Ways to Fly Below Regulatory Radar

Flying below the radar could be a risky thing.

Literally, it means that your aircraft could be be flying low enough to hit buildings. The trade-off is to fly lower than radar can detect and avoid anti-aircraft fire.

Figuratively, that's the goal for many businesses that want to avoid regulatory entanglement. Here are some ways to avoid the risks.

Tech Companies Sue Over H-1B Visas

For tech companies relying on foreign workers, the U.S. Citizenship and Immigration Services makes the Department of Motor Vehicles look good.

The DMV is infamous for slow service, but the USCIS is getting ridiculous. For example, one company applied for an H-1B visa to employ a foreign worker but the agency mailed out the approval almost three weeks after it expired.

That's one reason an advocacy group representing more than 1,000 IT companies is suing the immigration agency. You could say it's about time.

What's Next After Musk, Tesla Settle With SEC?

Facing security fraud charges, Elon Musk is stepping down as chairman but staying on as chief executive officer of Tesla.

Tesla and Musk will also pay $20 million each in a settlement with the Securities and Exchange Commission. The agency alleged he falsely tweeted that he had financing to take the public company private.

The controversial innovator sees himself as a futurist. In a way, that was the problem.

Top Legal Challenge for Global Companies

Global companies have global headaches.

From analyzing performance across geographic boundaries to managing finances in emerging markets, it takes way more than a village.

But one thing is clear for law departments: the biggest challenge is ensuring compliance. Here's why:

Elon Musk Subpoenaed by SEC for Tweets

Does Elon Musk really have anything to worry about since being subpoenaed by the Securities and Exchange Commission?

After all, he has dominated doing everything from cars to solar power to spacecraft to tunnels. Maybe the submarine didn't work out, but that's business.

But then his net worth hit an all-time high after tweeting he was "considering taking Tesla private." And that's why the SEC wants to talk to him.

3 Reasons Cryptocurrencies Fail

The Northern Trust Company, a 129-year-old financial institution managing over $10 trillion in assets, has dipped its big toe in cryptocurrency.

With rabid speculation going on in the market, Northern Trust had to do something about it. But the trust is not taking cryptocurrency directly just yet; it will work through some hedge funds for now.

That's because digital coins are not real money, and most of the cryptocurrencies have crashed and burned already. Here are the main reasons they fail:

A new report might fall short of explicitly stating that the Trump administration is encouraging white collar and corporate crime, but the report data seems to suggest it rather strongly.

The report, from Public Citizen, explains that in over 90 percent of the federal agencies examined (including the DOJ, SEC, and EPA, to name a few), corporate violators were facing less stringent and fewer penalties. However, given President Trump's campaign promise of massive deregulation, and the efforts and inroads that have been made on that front, these conclusions shouldn't be wholly unexpected.