Corporate Governance

Europe?s Cyber Security Directive Could Cost Organizations Billions

Posted on October 10, 2013
Europe?s Cyber Security Directive Could Cost Organizations Billions.

The Limestone Cops ? Tips on Madoff Red Flags Never Escalated at SEC

Posted on September 05, 2009
It’s hard to believe that with all the resources poured into government following the adoption of Sarbanes Oxley Act in 2002, the escalation process in the SEC failed in the Madoff case. New reports show that junior SEC staff neglected to involve more seasoned enforcement officers and failed to stop what ended up to [...

The Limestone Cops ? Tips on Madoff Red Flags Never Escalated at SEC

Posted on September 05, 2009
It’s hard to believe that with all the resources poured into government following the adoption of Sarbanes Oxley Act in 2002, the escalation process in the SEC failed in the Madoff case. New reports show that junior SEC staff neglected to involve more seasoned enforcement officers and failed to stop what ended up to be […]

Whither Cloud Computing?

Posted on March 10, 2009
If you?ve heard of cloud computing and all the security issues that surround it, and if you?re wondering if you should trust the security of your sensitive and confidential data to a third party service provider, well, all I can say is that you?re like the old timer who hoards his wad of cash in [...

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Protecting Privilege ? New Rule 502 mitigates the risk of inadvertent e-discovery disclosures

Posted on February 27, 2009

CVS Pays $2.25 Million and Toughens Practices to Settle HIPAA Privacy Case

Posted on February 19, 2009
The U.S. Department of Health and Human Services and the Federal Trade Commission today announced that CVS, the nation’s largest retail pharmacy chain, will pay the U.S. government a $2.25 million settlement and take corrective action to ensure it does not violate the privacy of its millions of patients when disposing of patient information such [...

Feds Set Sights on ?Gatekeepers? in Fraud Investigations

Posted on February 19, 2009
Joe Palazzolo Legal Times Federal law enforcement officials said Wednesday they are targeting lawyers, mortgage brokers, real estate brokers and other “gatekeepers” who perpetrated fraud that contributed to the current economic crisis — a clear warning shot as the federal government is pumping billions of dollars into the financial sector...

Tough Times for Corporate Legal Departments

Posted on February 03, 2009
Lexakos asked law department leaders again about their concerns, priorities and resource allocation plans for 2009. This year’s benchmarking survey covers reporting metrics, outsource planning for IP and litigation, budget pressures, e-discovery, privilege waiver management in relation to new Federal Evidence Rule 502, and other compliance priorities...

New Data Breach, Privacy Bills in Congress

Posted on January 12, 2009
Richard Adhikari One year after trying unsuccessfully to introduce legislation on data breaches and protection of individual privacy, California Senator Dianne Feinstein (D-Calif.) is trying again. This week, she introduced Bills S.139, the Notification of Risk to Personal Data Act and S...

Kill the Billable Hour? A British Response

Posted on January 12, 2009
As much as the legal sector experiences a change in momentum, such a change seems to be occurring now. Last week, The Am Law Daily picked up on a piece penned by Cravath, Swaine & Moore’s Evan Chesler in the latest issue of Forbes magazine, entitled “Time to Kill the Billable Hour...

A Mark to Market Rule for Lawsuits?

Posted on January 11, 2009
The Financial Accounting Standards Board (FASB) has proposed a new standard for public disclosure of pending lawsuits. This raises interesting legal technology and management questions for general counsels. Reporting Rights in the January 2009 issue of InsideCounsel reports on FASB Statements No...

E-Discovery Trends in 2009 ? New developments in e-discovery will affect enterprise general counsel and compliance officers, law firms serving corporate clients, and IT departments

Posted on January 10, 2009
By Christine Taylor, January 9, 2008, 12:10 PM A few years ago, the Taneja Group coined the term “Information Classification and Management” (ICM) to describe the technology of locating and classifying data throughout the enterprise. ICM covered sub-technology sectors such as e-discovery, compliance, data security control, and data management...

E-Discovery Requirements Are About to Hit Canadian Firms

Posted on January 09, 2009
As Canadian firms brace for new e-discovery rules, they can look to their U.S. counterparts for technology lessons. By Anne Rawland Gabriel Time is growing short for Canadian securities firms to prepare for the scheduled April enforcement of the new Canadian National Instrument 31-103 (NI 31-103), regulation that significantly expands record keeping requirements for electronic communications...

Judge OKs legal settlement for Mo. gov.?s e-mails

Posted on January 07, 2009
By DAVID A. LIEB The Associated Press A judge has approved a legal settlement that requires outgoing Gov. Matt Blunt to hand over thousands of e-mails to investigators, but leaves unresolved the question of whether Blunt’s office violated public records laws...

Performance Efficiency Comes to the Beltway ? Obama to create new government position called ?Chief Performance Officer?

Posted on January 07, 2009
In these tough economic times, government, like businesses, need to be more efficient and collaborate better in order to reduce deficits and improve performance.  Shareholders expect it, and so do the “American People.” President-elect Barack Obama today will announce his pick for “chief performance officer,” a newly created position that will work on the federal budget [...

Obama Administration Could Mean More Compliance Regs

Posted on January 07, 2009
January 5, 2009 By Drew Robb Just as accounting scandals earlier this decade led to new regulations like Sarbanes-Oxley, last year’s global financial meltdown coupled with Democratic control of the White House and Congress seems like a recipe for a host of new compliance regulations ? and thus more business for storage vendors [...

Litigation: Lawsuits are only thing ?up? on Wall Street in past year

Posted on January 07, 2009
From USA Today: The worst bear market since the 1930s has left investors wanting to see Wall Street pay.  Investors filed 210 federal securities class-action lawsuits in 2008, up 19% from 176 in 2007, according to Stanford Law School?s Securities Class Action Clearinghouse (SCAC) and Cornerstone Research...

Data breaches rose sharply in 2008, study says Most of the lost data was neither encrypted nor password-protected

Posted on January 07, 2009
By Jeremy Kirk January 7, 2009 (IDG News Service) More than 35 million data records were breached in 2008 in the U.S., a figure that underscores continuing difficulties in securing information, according to the Identity Theft Resource Center (ITRC)...

Networkers Beware: Fake LinkedIn profiles promise prurient pics, send patsies malware instead

Posted on January 07, 2009
Expect more attacks to come from social networking services, says security expert By Gregg Keizer Hackers have seeded LinkedIn Corp.’s business networking service with bogus celebrity profiles that link to malicious sites serving up attack code, a security researcher said today...

Hard times spark falling-out of partners in leading law firms

Posted on January 06, 2009

Judge: In a Down Economy, Should SEC Bargain Law Firms Down?

Posted on January 06, 2009
Posted by Dan Slater When the SEC shops around for receivers in a down economy, how thrifty must it be? In August, before Dreier and Madoff became household names on Wall Street, there was Steven Byers and Joseph Shereshevsky, the owners of WexTrust who allegedly ran a Ponzi scheme targeting Orthodox Jews...

Reviewing Your Email and Internet Usage Policies

Posted on January 04, 2009
Written by Sue Walsh on January 2, 2009 As the year comes to a close it?s good time to review your Email and Internet usage policies and insure that they are clear and comprehensive. The folks over at SmartBiz have published some helpful tips to assist you...

Welcome to 2009: the year of the regulator

Posted on January 02, 2009
Michael Herman British businesses will have to navigate a ?regulatory minefield? in 2009 as global law enforcement agencies and regulators step up activity in response to the economic downturn, leading lawyers warn. Neil Gerrard, head of the regulatory and litigation practice at DLA Piper, said: ?I have no hesitation in calling the developing situation [...

Nine Web sites IT pros should master in 2009 ? Keeping up with the latest Internet innovations

Posted on January 01, 2009
By Carolyn Duffy Marsan, Network World Here’s a time-saver for IT executives swamped by last-minute budget cuts and end-of-the-year performance reviews: We’ve written your 2009 goals for you, with [...]

10 tips to preserve data for the long haul ? A better model for preserving data is needed and it requires worldwide collaboration, according to a task force on digital preservation and access

Posted on January 01, 2009
The growth of digital data is threatening to spiral out of control. More than 452 exabytes of information have been created and replicated this year — an amount higher than the world’s available storage capacity , according to IDC. Not all data should be preserved, but efforts to save important information are being [...

Popeye the Sailor copyright free 70 years after Elzie Segar?s death

Posted on December 31, 2008

Court Enforces Clawback Agreement, Denies Motion to Compel

Posted on December 31, 2008
Bro-Tech Corp. v. Thermax, Inc., 2008 WL 5210346 (E.D. Pa. Dec. 11, 2008) On the eve of trial in this case in which plaintiffs alleged trade secret theft, the court granted an extension ?on urgent party request? so that additional discovery could be accomplished...

Former GC: BigLaw Really Is Better

Posted on December 29, 2008
When Ron Friedmann recently derided general counsel for staying with time-worn practices in their hiring of outside counsel, even in the face of the worst economic crisis since the Depression, he heard from one former GC who said that large companies will not be abandoning their BigLaw outside counsel anytime in the foreseeable future...

?Silo? Thinking Let Us Down ? Actions that made sense in isolation guaranteed a financial crisis when added together

Posted on December 29, 2008
By Stefan Szymanski Abraham Lincoln once said, “I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts.” Business schools set out to prepare people to manage by telling them the truth about business, so [...

GCs Starting to Bring the Work Back Home

Posted on December 24, 2008
Leslie A. Gordon GC California Magazine December 18, 2008 Like many in-house lawyers, Shannon Dwyer, general counsel at St. Joseph Health System in the Southern California city of Orange, has been gearing up for the 2010 budgeting cycle. The $4 billion, nonprofit organization, which runs 14 hospitals in three states, has a “responsibility to be a good steward [...

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