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Seventh Circuit Court of Appeals Rejects Justice Department’s “Gross Trebling” Approach in Calculating Damages in False Claims Act Cases
J. Gregory Deis,Frank M. Dickerson,William Michael, April 30, 2013
The Seventh Circuit Court of Appeals’ decision in United States v. Anchor Mortgage Corp., 2013 WL 1150213 (7th Cir. Mar. 21, 2013), provides additional guidance on the appropriate measure of damages under the False Claims Act (FCA). In a setback for the US Department of Justice (DOJ), the...

Benchmark Rate Reform: Orderly Transition or Potential Chaos and Confusion?
Robert C. Baptista,J. Paul Forrester,John F. Lawlor, April 15, 2013
In the wake of several widely reported LIBOR and other benchmark rate manipulation scandals, reflected in headline-grabbing stories of litigation and official inquiries and investigations, followed in some cases by eye-popping related settlements, policymakers have responded with varied attempts at...

SEC Provides Regulation FD Social Media Guidance
Laura D. Richman, April 15, 2013
On April 2, 2013, the U.S. Securities and Exchange Commission issued a Report of Investigation pursuant to Section 21(a) of the Securities Exchange Act of 1934, providing guidance under Regulation FD on the use of social media to disclose material, non-public information. The Report arose out of an...

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