LIBOR Plus What?
It appears U.S. regulators are looking into whether some major banks have tried to manipulate LIBOR (London Interbank Offered Rate), the global benchmark interest rate, to boost their credit quality. There has been speculation that bank executives formed a cartel to manipulate the rates, which might expose them to cartel claims. For a snippet on the investigation, click here.
Bordering on the Invasive
The Ninth Circuit has held that the government can seize and transport for subsequent search electronic devices that pass with their owners through customs. In this case, a couple came into Arizona from Mexico, and customs officers seized their laptops without any particularized suspicion. After transporting the laptops to a field office 170 miles away, and after several days, the government found evidence of child-pornography offenses. The Ninth Circuit, invoking the border-search doctrine, reversed the district court's order suppressing the evidence.
Homing in Through Twitter
A federal district court denied a motion to vacate an order that Twitter disclose account information under the Stored Communications Act. The act "governs government access to customer records stored by a service provider." After holding that the petitioners did not have standing to bring their motion under the act, the court rejected their claim on the merits.
"Bribery Blights Lives"
With that colorful introduction, the U.K.'s Ministry of Justice promulgated guidance on its new Bribery Act. The ministry offered the following six principles for organizations to avoid harm: (1) proportionate procedures, (2) top-level commitment, (3) risk assessment, (4) due diligence, (5) communication and training, and (6) monitoring and review.
In Honor of Tax Time . . .
The IRS made its first payment under its relatively new whistleblower law. An accountant in Pennsylvania was awarded $4.5 million for reporting to the IRS Whistleblower Office that his employer had cheated the government. Of course, the IRS couldn't resist its 28 percent tax withholding, netting the whistleblower a check for $3.24 million. To get your money's worth, click here.
Petitioning for LCD-Like Clarity
The American Bar Association has filed an amicus brief with the Supreme Court, supporting a cert petition asking it to resolve a three-way circuit split, regarding situations in which a prosecutor's grand-jury subpoena trumps a civil-litigation protective order. The cert petition stems from a DOJ antitrust investigation into some flat-panel-display makers. For the cert petition, click here.
Steven Cash authored an op-ed, "Director of National Intelligence Maguire Should Stand for the Whistleblower," published byThe Hill.
Steven Cash authored an op-ed, "Schiff Should Consider Using RICO Framework to Organize Impeachment," published by The Hill.
On September 25, DC-based counsel Steven Cash will be a featured speaker at the National Forum on the Foreign Agents Registration Act (FARA), an event presented by the American Conference Institute and held in Washington, DC.
Day Pitney Advisory
Steven Cash moderated a panel discussion hosted by Culper Connect, an alumni association of former United States Government public servants from the U.S. Intelligence Community.
Steven Cash is quoted in an article, "Trump Remarks on Striking Cultural Sites in Iran Provoke Outrage," published by The Hill.
Day Pitney Press Release
Day Pitney Press Release
Firm Ranked Tier 1 Nationally for Energy Law and Trusts and Estates Law
Stan Twardy is quoted in an article, “‘He Had a Reputation’: Ex-Bosses Discuss John Durham, Who’s Heading Russia Probe,” published by the Connecticut Law Tribune.
Steven Cash is quoted in an article, "Meet the Lawyer at Center of Whistleblower Case: 'It is an everyday adventure,'" published by The Hill.