Companies

Brazil Graft Crackdown Spurs Work for Lawyers, Corporate Change

In the midst of Brazil’s worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics. For Pinheiro, a massive corruption investigation unfolding at state-run oil firm Petrobras offers a golden opportunity. The scandal broke just as a tough new anti- …


Ransomware’s Aftermath Can Be More Costly Than Ransom | Malware

Downtime caused by a ransomware attack can cost a company more than paying a ransom to recover data encrypted by the malware, according to a report released last week byIntermedia. Nearly three-quarters (72 percent) of companies infected with ransomware could not access their data for at least two days because of the incident, and …


Do You Have to Disclose a Government Investigation? Practical Considerations, Legal Standards, and Recent Case Law

After receiving an inquiry from a government agency, such as a subpoena, a Civil Investigative Demand (“CID”), or an informal request for information, public companies ask whether they must disclose publicly that they may be under investigation. A corollary question to public disclosure is how broadly to disclose internally, to lenders, or to D&O insurers. The standards for disclosing …


Civil Class Action Lawsuit Filed Against Chesapeake, SandRidge

A Sunday grassfire that burned two residences in Pawnee County – a mobile home and a fifth-wheel trailer – has been ruled accidental. The fire marshal’s office said a burn pile on the family’s property was the cause. A Sunday grassfire that burned two residences in Pawnee County – a mobile home and a fifth-wheel trailer – has been ruled accidental.


Will Class-Action Suit Help Duke, FPL Customers?

Customers of Duke Energy and Florida Power & Light already know they got a bad deal when the Legislature let the power companies charge big money up front for nuclear projects — even ones that fail. A law passed in 2006 allowed Duke to increase customers’ monthly bills to cover $1.2 billion in upgrades at its now-defunct Crystal River nuclear power plant and a proposed new nuclear plant in Levy …


Lyft, Uber Drivers Shouldn’t Be Treated Like Employees

Credit: Janitors / photo on flickrRecently the ridesharing company Lyft, Uber’s largest competitor, settled a pending lawsuit for $12.25 million. Lyft can continue to classify its drivers as independent contractors—a designation that is crucial to the sharing economy’s success. But the settlement may lead to additional difficulties for other sharing-economy companies.


Class-Action Lawsuit Reveals Company Sat on 2004 Study Indicating Cold-Fx Does Nothing to Fight Colds

The makers of Cold-FX have sat for years on a study that suggested Canada’s most popular cold and flu remedy was no more effective than a placebo in treating symptoms of the viruses. The 2004 trial was conducted by Dr. Gerry Predy, a top Alberta public-health official, at a time when the supplement’s makers told consumers the product would bring fast relief from the effects of such ailments. …


San Francisco’s Biggest Cab Company Files for Bankruptcy

* Author: Davey Alba.Davey Alba Business * Date of Publication: 01.26.16.01.26.16 * Time of Publication: 5:09 pm.5:09 pm Paris Cabbies and Uber Are Clashing—Again French taxi unions and Uber are clashing again. Taxi drivers in France have once more gone on strike—shutting down roads, demonstrating across Paris, and blocking access to major airports and railway stations, according to French …


Paris Cabbies and Uber Are Clashing—Again

* Author: Davey Alba.Davey Alba Business * Date of Publication: 01.26.16.01.26.16 * Time of Publication: 1:52 pm.1:52 pm Uber Using Phone Data To Track How Fast Drivers Are Going Ride-hailing giant Uber says it’s using smartphone gyrometer data to double-check if drivers on its platform are speeding. At least, it does for a portion of its drivers on a new pilot program. Joe Sullivan, Uber’s …


The Compliance Downside of Big Data

Top HR Trends of 2016 2/4 at at 1 PM EST by clicking here. The use of big data in human resources is all the rage today. More and more companies, at least the large ones, are collecting and using employee and prospect data to be able to make determinations about their workforces.