On February 2, Paul, Weiss filed an amicus brief in the U.S. District Court for the Southern District of New York on behalf of over 20 of the most senior former cybersecurity government officials in the U.S. Securities and Exchange Commission’s landmark enforcement action against software company SolarWinds and its Chief Information Security Officer (CISO) Timothy Brown. The SolarWinds suit…
New corporate anti-corruption policies are often rolled out with dramatic, often exaggerated assessments of their significance. This is true of the Foreign Extortion Prevention Act enacted in December. It has been described as a sea change in federal anti-bribery law and a new statutory basis for multinational companies to reexamine their compliance programs. In reality, FEPA’s substantive and jurisdictional limitations…
Binance named Steve Christie as deputy chief compliance officer, bringing him back to the world’s biggest cryptocurrency exchange following its settlement of anti-money laundering and US sanctions violations. Christie was Binance’s senior vice president of compliance when he left the company last summer just as it navigated a regulatory crisis that resulted in a more than $4 billion settlement with…
Elon Musk’s use of illegal drugs was common knowledge among several current and former Tesla Inc. and SpaceX directors, the Wall Street Journal reported on Saturday. There was concern about the volume of Musk’s illegal drug use and that he consumed drugs with some of his board members, the newspaper reported, citing people who have witnessed the drug use or…
Firms now issuing bitcoin ETFs range from BlackRock, the world’s largest investment manager, to smaller crypto-specific players such as Bitwise Asset Management. Marketing will drive their efforts to differentiate themselves because their products are, for all intents and purposes, identical, according to Eric Balchunas, analyst at Bloomberg Intelligence.“ They all do the same thing. That puts so much pressure on marketing…