Legal News

In today’s edition of Daily Compliance News: • House report blasts both Boeing and FAA. (NYT) • GOP lawnmakers blast TikTok sale. (WSJ) • Companies now prioritizing keeping talent. (WSJ) • Et tu BP? (Houston Chronicle)...By: Thomas Fox

In Balfour Beatty Construction, LLC v. Liberty Mutual Fire Insurance Company, No. 19-20216 (August 3, 2020), the Fifth Circuit determined that Liberty Mutual’s policy does not cover a construction company’s claim for window damage to a skyscraper caused by a subcontractor’s welding because the policyholder failed to show the damage resulted from a covered peril....By: Carlton Fields

The US Department of Justice Antitrust Division issued a new Merger Remedies Manual on September 3 clarifying the analytical framework the Trump administration’s DOJ is using to evaluate remedies that may address competitive harms stemming from proposed mergers and acquisitions, as well as consummated mergers....By: Cooley LLP

Generally, contact tracing refers to an effort by public health officials to identify individuals with whom a patient who has tested positive for an infectious disease has been in close proximity. Public health officials will inform these individuals that they were exposed to a contagious patient and encourage them to monitor their symptoms and quarantine for a period of time. In response to COVID-19, governments around the world have explored using digital contact tracing, by which smartphone....

The DC Council has proposed legislation that would dramatically increase developers’ exposure for condominium warranty liability and could impact developers’ financial ability to finance, develop, and construct condominiums....By: Ballard Spahr LLP

In keeping with the promise to make the agency more transparent, the Office of Federal Contract Compliance Programs just released a list of over 2,000 federal contractors that will be soon subject to compliance reviews. By being included on the 2020 Corporate Scheduling Announcement Letter (CSAL) list, 2,250 supply and service establishments and 200 construction contractors now have a minimum 45-day courtesy notification before the OFCCP will begin sending OMB-approved scheduling letters. What.....

The U.S. Department of Justice's ("DOJ") new remedies guide reinforces its strong preferences for structural divestitures and upfront buyers to resolve merger investigations. Last week, the DOJ released a new "Merger Remedies Manual" ("Manual"). The 35-page document provides "a framework for structuring and implementing appropriate relief short of a full-stop injunction in merger cases." The Manual, which applies only to transactions before the DOJ (the Federal Trade Commission ("FTC") has its....

Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and anything else that could harm the bank.” That “expected rebuke” was apparently part of the bank’s move to hasten the departure of CEO Michael Corbat in favor of successor Jane Fraser....By: Robins Kaplan LLP

On September 11, 2020, the Office of Federal Contractor Compliance Programs (OFCCP) released its Corporate Scheduling Announcement List (CSAL) online for public access.  The CSAL identifies contractors who will be receiving an audit scheduling letter. ...By: Polsinelli

Austria passed a new Investment Control Act ("ICA") expanding the screening of foreign investments ("FDI"), effective July 25, 2020. The Austrian rules on European FDI-cooperation will enter into force on October 11, 2020. The ICA affects a wide array of "sensitive sectors," including, among others......By: Jones Day