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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.

Do Gas and Oil Need More Oversight Against Cyber Threats?

Who really knows whether the nation's natural gas and oil infrastructure is at heightened risk of cyber attack?

Government officials say the threat is real, and they want to oversee security. Industry leaders, however, are telling the government to back off.

Whether you see the drama or the comedy in the debate, gas and oil are basically saying they don't need any stinking badges.

Theranos Founder Indicted on Fraud Charges

The rest of your life is a long time, no matter how old you are.

That's how long Elizabeth Holmes, 34, could be in jail if convicted of fraud charges for duping investors and others about blood-testing technology. Holmes, who founded Theranos, was once a startup darling in Silicon Valley.

But now she stands indicted on nine counts of wire fraud and two counts of attempted wire fraud. It could have turned out differently -- five years ago.

A ruling handed down recently by SCOTUS may have a select few foreign corporations breathing a little easier moving forward.

The Jensen v. Arab Bank case was on appeal to the High Court over how tied a foreign corporation had to be to the United States in order for it to be held liable under the Alien Tort Statute. The lower courts had found that Arab Bank lacked sufficient activity in the United States related to acts of terrorism that occurred abroad for it to be held liable. SCOTUS not only agreed, it ruled that the Alien Tort Statute could not be applied to a foreign corporation at all.

California Bill Mandates Women Be Included on Corporate Boards

California lawmakers want more women on corporate boards, and if their law passes it would turn corporate boardrooms completely around in the state.

According to studies, California has more boardrooms without women than anywhere else in the United States. Hannah-Beth Jackson, who co-authored the pending legislation, wants to change all that.

"They are operating without the benefit of the experience, perspective, and tools that women bring with them to the boardroom," she told Bloomberg. The bill could become the first law of its kind in the country.