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|CFPB and FCC Bring “Cramming” Actions Against Sprint and Verizon: Actions Represent First CFPB Settlements To Address Unauthorized Charges on Telephone Bills and First Concurrent Enforcement Proceedings by the CFPB and FCC|
Darrell S. Cafasso, H. Rodgin Cohen, Mitchell S. Eitel, Robert J. Giuffra, Sharon L. Nelles; Sullivan & Cromwell LLP;
May 28, 2015, previously published on May 19, 2015On May 12, 2015, the CFPB and the FCC (together, the “Agencies”) concurrently announced that Verizon Wireless (“Verizon”) and Sprint Corporation (“Sprint” and, together with Verizon, the “Companies”) have agreed to pay a combined $158 million to...
|Connecticut Supreme Court Affirms No Coverage for Lost Tapes Absent Publication of Data|
Joseph F. Bermudez, Suzanne M. Meintzer; Wilson Elser Moskowitz Edelman & Dicker LLP;
May 28, 2015, previously published on May 19, 2015In Recall Total Information Mgmt., Inc. v. Federal Ins. Co., SC19201 (Conn. May 18, 2015), the Connecticut Supreme Court held that where there was no factual support that anyone ever actually accessed private information stored on lost data tapes, the policyholder’s assignee could not...
|Mobile Payments - Is Your Business in Compliance With Canadian Regulations?|
Mathew Goldstein, Jami Makan; Aird & Berlis LLP;
May 28, 2015, previously published on May 20, 2015Financial technology (also referred to as “FinTech”) and mobile payments are fast-growing areas of activity in Canada right now. According to a 2014 study by the market research company GfK, 21% of Canadian shoppers reported making a mobile payment in the past six months (though...
|Bureau of Economic Analysis (BEA) Foreign Investment Report|
Adriana Reyes; Procopio, Cory, Hargreaves & Savitch LLP;
May 28, 2015, previously published on May 2015As of September 2014, all US business enterprises (“US Affiliate”) in which a foreign investor (“Foreign Principal”) directly or indirectly owns 10% or more of the voting rights in the US Affiliate, have to file a foreign investment report (the “Report”) before...
|Society Lotteries - Parliament's Culture, Media and Sport Committee Publishes Its Report|
Alison Paines, Chris Priestley; Withers Bergman LLP;
May 27, 2015, previously published on May 20, 2015Following the recent consultation on society lotteries, the Parliamentary Committee on Culture, Media and Sport has published a report recommending that rules and regulations affecting society lotteries should be changed to reduce the burden on those operating smaller lotteries and for those...
|Supreme Court Grants Certiorari in TCPA Case that May Determine Whether an Offer of Complete Relief Moots a Class Action|
Michael F. Dolan, Daniel J. Fabiano, Gregory R. Hanthorn, J. Todd Kennard, Noah Ryan Litton; Jones Day;
May 27, 2015, previously published on May 2015On May 18, 2015, the United States Supreme Court granted certiorari in a matter that may decide a fundamental question in class actions in general and class actions under the Telephone Consumer Protection Act ("TCPA") in particular: whether a case becomes moot, and thus beyond the...
|Singapore Opens International Commercial Court|
John Rainbird, Zara Shafruddin, Matthew J. Skinner; Jones Day;
May 26, 2015, previously published on May 2015The Singapore International Commercial Court ("SICC") started hearing its first case this month: a US$809 million dispute between Australian and Indonesian companies over a joint venture agreement for the production and sale of upgraded coal from East Kalimantan in Indonesia. The...
|Growing Small Businesses through Alternatives to Traditional Bank Loans|
Rebecca F. Clarkson; HunterMaclean;
May 26, 2015, previously published on May 20, 2015Growing a business requires capital — proving the old adage that it takes money to make money. Traditionally, small businesses have turned to the Small Business Administration (SBA) and to banks for loans, but today’s expanding financial landscape provides more options to businesses...
|Those Empty Young Eyes|
Alan Behr; Phillips Nizer LLP;
May 25, 2015, previously published on May 12, 2015 Recently, in American Photo, the photographer Robert Polidori reflected on the things he does not like about fashion photography: “One is the psychological stance. Eyes are the window to the soul, or at least to the psychological state. In the great majority of fashion photography in the...
|How Businesses Can Protect Themselves from Devastating Data Security Incidents|
Laurel Brandstetter; Leech Tishman;
May 25, 2015As businesses become increasingly reliant on electronic systems to store industry and consumer data, the incidence of catastrophic “hacks” or “breaches” continues to climb and grab headlines. A report issued last week  analyzed 200 data security incidents occurring in...