The Latest
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Oil companies agree to record FTC settlement in ‘gun-jumping’ lawsuit
The agency accused two oil producers of taking over management duties of a company they’d agreed to buy during the required U.S. review period for merger deals.
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CVS successfully converts commercial pharmacy contracts to ‘cost plus’ model
CVS’ efforts to reform how its pharmacies are paid have reached a significant milestone that should stabilize flagging margins.
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Danone accuses Lifeway of allowing its CEO to engage in ‘self-dealing’ and ‘value destruction’
The France-based company, which is offering to buy the kefir producer, plans to file a lawsuit claiming its top executive and board have breached their fiduciary duties to shareholders.
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Companies agree to end no-hire covenants
In deals with the Federal Trade Commission, two building services companies will no longer stop their employees from going elsewhere. One of the deals isn’t backed by the FTC’s incoming chair, though.
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Publix allegedly fired a pregnant employee to avoid giving her leave for childbirth
A former employee in Florida sued the supermarket chain for allegedly violating the Pregnant Workers Fairness Act, along with several other laws.
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Criminal prosecution possible for employing illegal workers but enforcement is lax
A one-year snapshot taken during the first Trump term shows no company criminally prosecuted for having workers not authorized to be in the country, a Syracuse University project shows.
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FCC net neutrality rule among first to fall in Loper Bright’s aftermath
No longer bound by deference to regulators, a Sixth Circuit panel ruled that the Biden administration cannot enforce stricter regulation policy on internet service providers.
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JetBlue whacked with $2M federal fine over delay-ridden flights
The civil penalty marks the first time U.S. transport regulators have targeted “chronically delayed” flights amid Biden DOT’s push for consumer protections.
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Did Costco just reset the narrative around DEI?
In contrast to a slew of companies, the warehouse retailer has forcefully rejected an anti-DEI shareholder proposal as bad for business.
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Little partisan difference among commissioners in FTC enforcement
Members appointed by Republican and Democratic presidents tend to agree when the agency should file a complaint against a proposed merger, an analysis finds.
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Big Oil urges Supreme Court to weigh in on Honolulu climate case
The judges will determine whether to take up the oil giant's appeal during a Jan. 10 conference.
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Indiana health system ex-CFO to get $6.3M whistleblower settlement
As part of a $145.7 million settlement, CHN will pay $6.3 million to its ex-CFO, with attorney fees still to be determined, the company said.
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The state of website privacy: Here’s what the numbers say
Despite privacy being a concern for both marketers and consumers, 75% of the most visited websites in the U.S. and Europe lack regulatory compliance.
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Wearables at work can break the law if employers aren’t careful, EEOC warns
A newly released fact sheet by the commission explains how employers may approach and use wearable technology, like smart watches, in the workplace.
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Who’s on Trump’s short list for next SCOTUS justice?
James Ho of the highly conservative Fifth Circuit Court of Appeals is one judge who’s on the top of the list for Trump 2.0. Judge Amul Thapar of the Sixth Circuit also comes up a lot.
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Keep antitrust remedy focused on search, Google says in stab at DOJ
The agency’s call for the tech giant to divest Chrome because of its search dominance goes beyond the competition issues that were raised in the high-profile monopoly case, the company says.
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Kansas bank challenges $20M FDIC penalty
CBW Bank, charged with failing to maintain adequate anti-money laundering controls, has filed a lawsuit challenging the agency’s action, calling the penalty “unreasonable and unprecedented for a bank of this size.”
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Opinion
7 tips for effective, internal workplace investigations
Well-executed investigations can protect the entity involved as well as the individuals affected by its results, writes Joycelyn Stevenson, a shareholder at Littler Mendelson.
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Final rule to overhaul H-1B visa eligibility requirements takes effect Jan. 17
Employers should be prepared for potential disruption caused by the rule, attorneys for law firm Fragomen wrote this week.
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BofA hit with OCC order over Secrecy Act
The bank cautioned in an October filing that it was in talks with regulators over issues with its Bank Secrecy Act compliance programs.
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Opinion
FanDuel, DraftKings inquiry could shape antitrust enforcement in digital markets
If the companies are found to be targeting critical inputs and partnerships essential to smaller competitors, they could be unlawfully restraining trade.
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CVS dispensed opioid drugs unlawfully in profit push, US suit alleges
The pharmacy chain pressed staff to churn out prescriptions, ignoring red flags amid the U.S. opioid epidemic, the DOJ claims. CVS decried the suit’s “false narrative.”
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FTC excludes restaurants from junk fee rule
In another regulatory victory for restaurants, the Federal Trade Commission backtracked on including restaurant fees in its price transparency rule.
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CFPB sues JPMorgan, Bank of America, Wells Fargo over Zelle
Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but without effective safeguards, the agency said.
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Opinion
How Big Tech’s AI arms race threatens data security
The data security industry exists to secure its customers’ records. With some security companies selling data for AI training, it might be time for a quasi-governmental regulator to step in with standards.