As any company who has gone through it will tell you, informal government investigations and internal investigations can be costly affairs. Many companies hope to defray those costs with organization and executive liability insurance policies. Does your liability insurance policy cover costs incurred in connection with a government or internal investigation? According to a recent… Continue Reading
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which President Obama signed into law on July 21, 2010, has been heralded as offering several significant changes in Wall Street regulation. However, one of its least publicized provisions—the so-called whistleblower “bounty”—may prove to be among its most impactful. Companies both large and small… Continue Reading
ICE Director John Morton and DHS Secretary Janet Napolitano announced staggering enforcement statistics for the past year. In addition to a record number of illegal alien removals for fiscal year 2010, since January 2009, ICE has conducted 3,200 audits of employers suspected of employing unauthorized immigrants; debarred 225 companies and individuals; and imposed $50 million… Continue Reading
In a lengthy report made public on October 20, 2010, the Organization for Economic Cooperation and Development (OECD) concluded that the United States has met, and in many respects exceeded, most of its obligations under the OECD Anti-Bribery Convention (pdf). The report, which follows a prior evaluation in 2002 and a follow-up report in 2005,… Continue Reading
On September 28, 2010, ICE announced a settlement with clothing retailer Abercrombie & Fitch requiring the Company to pay a $1,047,110 fine. The settlement is the result of a Form I-9 Notice of Inspection (“NOI”) issued in November 2008 to Abercrombie’s retail stores in Michigan. The inspection revealed “technology-related deficiencies” in Abercrombie’s employment authorization verification… Continue Reading
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