Legal News

The Securities and Exchange Commission today announced that it charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with multiple episodes, including several disruptive market events.  The charges arose from five separate investigations and include the first-ever charged violation of Regulation SCI.  The Commission adopted Reg SCI to strengthen the technology infrastructure and integrity of the U.S. securities markets, and today charged two NYSE exchanges with violating Reg SCI’s business continuity and disaster recovery requirement.  In settlement, the exchanges agreed to pay a $14 million penalty.

Washington, DC - The Department of Justice announced Mary Daly will serve as the Director of Opioid Enforcement and Prevention Efforts in the Office of the Deputy Attorney General, a new position created on December 20, 2017.

Washington, DC - Attorney General Sessions Delivers Remarks at the Heritage Foundation's Legal Strategy Forum - Thursday, October 26, 2017:

Two experts at the National Institute of Standards and Technology (NIST) are calling into question a method of presenting evidence in courtrooms, arguing that it risks allowing personal preference to creep into expert testimony and potentially distorts evidence for a jury.

The Department of Justice’s Antitrust Division Friday submitted a statement on the potential anticompetitive effects of legislative proposals that could result in a ban or limitation on contracts between local California court reporters or service firms and third parties, such as insurance companies, for more than one deposition at a time, also known as third-party contracts.  Such regulation of court-reporting services can raise barriers to entry, restrict competition and limit potentially cost-saving options available to consumers.