A recent Wall Street Journal report highlights a dramatic increase in personal communication requirements between bank directors, and the Federal Reserve as well as the Office of the Comptroller of Currency (OCC). Shifting away from ‘light-touch’ oversight, these regulators have changed their approach, meeting with boards of directors of the banks it supervises as often
The fallout from one of the messiest mergers in American history appears to have entered its final stage on Monday, March 30th, when Sprint agreed to pay investors $131 million in a settlement dating back to the beleaguered 2005 Nextel acquisition. Lauded at the time as the creation of a telecom dynasty, technological incompatibility led
On Friday March 27th, while physical and digital cavalries amassed in opposition to Indiana Governor Mike Pence’s Thursday signing of the state’s Religious Freedom Restoration Act (RFRA), the Arkansas state Senate voted 24-7 in favor of its state’s own version of the bill. HB 1228, a bill declaring that “a state action shall not substantially
In the wake of the global auto industry facing an enormous amount of recalls and legal actions, the National Highway Transportation Safety Administration (NHTSA) has endured a sizeable amount of scrutiny in recent years. Some, including myself, have raised questions regarding lax testing standards, and allegations of cronyism between the agency and automakers. Given the
Indiana became the 11th state last week to sign a controversial ‘Right to Try’ bill into law, allowing some desperately ill patients easier access to non FDA-approved experimental medications. The cause has been popularized in recent years due to the critically-acclaimed film, “Dallas Buyers Club,” which was about smuggling unapproved medications in order to help
On March 27th, Georgia Governor Nathan Deal committed to signing into law the “Haley’s Hope” bill legalizing a certain form of cannabis called CBD. This strain of marijuana is different from the typical THC-laden plant that is predominantly used medically and recreationally. While non-intoxicating, CBD strains have been shown to dramatically reduce epileptic seizures in
Governor Mike Pence signed Indiana’s version of the Religious Freedom Restoration Act (RFRA) into law on Thursday, March 26th. The RFRA gives businesses and citizens the right to object to conduct that compromises their religious beliefs. The law is based on the federal act of the same name, which was adopted in 1993. In the
The WPLA defines five categories of potential liability for product manufacturers: construction defects, breach of warranty, design defects, failure to warn, and post-sale duty to warn. Construction Defects The WPLA uses the term “strict liability” to describe a manufacturer’s responsibility for products that materially deviate from the manufacturers design specifications or performance standards or materially
While the General Motors ignition switch recall has dominated recent automotive headlines, it has been far from the only major automaker to face recent massive legal challenges. Over 60 million vehicles were recalled in 2014, and the 80,000 complaints received was more than twice the previous record set in 2004. Each of the top 8
Amazon drone delivery took a step closer to becoming a reality on Thursday, March 19th, when the Federal Aviation Administration (FAA) softened its 2014 ruling on drone regulations that had essentially put delivery off-limits. The most recent ruling allows Amazon to test drones “for research and development and crew training.” The prior 2014 ruling allowed