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Faruqi & Faruqi

FTC Announces Proposed “Click to Cancel” Rule

Posted by Faruqi & Faruqi on 03/27/2023

On March 23, 2023, the Federal Trade Commission ("FTC") announced that it was proposing a new rule which would, among other things, make it easier for consumers to cancel certain subscriptions involving recurring payments. According to FTC Chair Lina M. Khan, "[t]he proposed rule would require that companies make it as easy to cancel a subscription ...

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Camilo Burr

New York Paid Family Leave Law Expanded to Include Siblings

Posted by Camilo Burr on 03/01/2023

As of January 1, 2023, the New York Paid Family Leave Law (the "NYPFLL") expanded its protections to allow eligible employees to take paid time off to care for their siblings. Previously, the NYPFLL only allowed employees to take paid time off to care for spouses and domestic partners (of any gender), children, parents, parents-in-law, grandparents, ...

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Faruqi & Faruqi

Superseding Indictment Reveals Details Behind Sam Bankman-Fried's Alleged Scheme To Influence Washington Politics

Posted by Faruqi & Faruqi on 02/28/2023

A new indictment revealed last Thursday in the Southern District of New York charged Sam Bankman-Fried ("SBF") with additional financial crimes, and notably provided expansive details related to an unlawful political campaign donation scheme. The unsealed indictment provides details on how SBF allegedly donated tens of millions of dollars ...

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Lisa Omoto

Supreme Court to Decide Constitutionality of Consumer Financial Protection Bureau Funding

Posted by Lisa Omoto on 02/27/2023

On February 27, 2023, the Supreme Court agreed to decide a major case challenging the constitutionality of the Consumer Financial Protection Bureau's ("CFPB") funding. The CFPB is a federal agency created under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") in response to the 2008 financial crisis. It is an ...

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Faruqi & Faruqi

National Advertising Division Recommends Molson Coors Discontinue Ad Focusing on Taste of Competitor Products

Posted by Faruqi & Faruqi on 02/27/2023

On February 23, 2023, the National Advertising Division ("NAD") of the Better Business Bureau National Programs recommended that Molson Coors discontinue making certain claims about competitor light beer products in advertising promoting its Miller Lite products. Specifically, after Anheuser-Busch Companies LLC ("A-B") challenged Molson Coors' ...

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Katherine M. Lenahan

Ex-Theranos COO Fights Prosecutors Over Nearly $900 Million in Restitution to Investors

Posted by Katherine M. Lenahan on 02/27/2023

Ramesh "Sunny" Balwani, former Chief Operating Officer and President of defunct blood-testing start-up Theranos Inc., is fighting the nearly $900 million in restitution that U.S. prosecutors are proposing he pay to Theranos investors. Mr. Balwani is set to begin a 13-year prison sentence in March for defrauding investors and patients of Theranos ...

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Faruqi & Faruqi

UPDATE: Supreme Court Holds That Highly Compensated Employee Is Entitled to Overtime Pay

Posted by Faruqi & Faruqi on 02/22/2023

As previously discussed here, the U.S. Supreme Court heard argument a few months ago in Helix Energy Solutions Group Inc. v. Hewitt, one of the more notable employment law cases headlining the Court's October 2022 Term. The Court recently ruled in favor of Hewitt, finding that he is entitled to overtime compensation despite being paid a salary ...

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Faruqi & Faruqi

SEC Sues Convicted Felon and Others for Alleged $45 Million Dollar Fraud Involving Sham Blockchain Technology

Posted by Faruqi & Faruqi on 02/15/2023

Last month, the Securities and Exchange Commission ("SEC") filed suit against convicted felon Neil Chandran and others for an alleged $45 million dollar fraudulent investment scheme whereby Defendants "raised more than $45 million from sales of unregistered securities to tens of thousands of investors worldwide" for a blockchain technology ...

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Faruqi & Faruqi

Recent EEOC Religious Discrimination Settlement

Posted by Faruqi & Faruqi on 02/09/2023

U.S. Equal Employment Opportunity Commission (EEOC) announced that United Airlines agreed to pay $305,000 to a Buddhist pilot as well as provide other relief. In the lawsuit, the pilot claims that United Airlines refused to accommodate his religious request. The pilot was diagnosed with alcohol dependency and lost his medical certificate issued ...

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Faruqi & Faruqi

Amendments to New Jersey’s WARN Act Expanding Employee Protections to Take Effect in April 2023

Posted by Faruqi & Faruqi on 02/08/2023

Almost three years after signing into law legislation significantly amending New Jersey's analog to the federal Worker Adjustment and Retraining Notification Act ("WARN Act") —officially titled the Millville Dallas Airmotive Plant Job Loss Notification Act (the "NJ WARN Act")—Governor Phil Murphy signed Assembly Bill No. 4768 on January ...

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Taylor Crabill

Mass Layoffs are Sometimes Used to Justify Unlawful Discrimination or Retaliation

Posted by Taylor Crabill on 02/07/2023

In recent weeks, tens of thousands of employees have been fired in mass layoffs, including employees at Google, Microsoft, Amazon, and other tech companies. With speculation of a looming recession, many more workers may be laid off in the coming weeks and months. While employers claim that layoffs are necessary to cut costs, layoffs may also ...

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Faruqi & Faruqi

Federal Trade Commission Proposes Nationwide Ban on Non-Compete Agreements

Posted by Faruqi & Faruqi on 01/12/2023

On July 9, 2021, Present Biden issued an executive order insisting upon aggressive enforcement of antitrust laws. In the order, the White House specifically targeted non-compete agreements and urged both the Federal Trade Commission ("FTC") and Department of Justice to ban or at least limit their use. In recent years, roughly half of states ...

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Taylor Crabill

New York State Amends the Nursing Mothers in the Workplace Act to Provide Important Protections to Nursing Employees

Posted by Taylor Crabill on 01/11/2023

On December 7, 2022, New York State expanded protections afforded to working mothers by amending the Nursing Mothers in the Workplace Act ("NMWA"). Specifically, the updated NMWA now requires employers to (i) provide reasonable breaks to allow an employee to express breast milk each time the employee has a reasonable need to express milk for ...

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Lisa Omoto

U.S. DOJ files Lawsuit Against Major Pharmaceutical Corporation for 8+ Years of Controlled Substances Act Violations

Posted by Lisa Omoto on 01/10/2023

On December 29, 2022, the U.S. Department of Justice initiated a civil enforcement action against AmerisourceBergen Corporation and its subsidiaries, AmerisourceBergen Drug Corporation and Integrated Commercialization Solutions, LLC, for their violations of the Comprehensive Drug Abuse Prevention and Control Act of 1970 ("CSA"). AmerisourceBergen ...

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Faruqi & Faruqi

New York Passes Legislation Prohibiting Retaliation against Workers for Taking Legally Protected Time Off

Posted by Faruqi & Faruqi on 01/09/2023

As has been widely discussed of late, Congress recently passed legislation imposing tentative contract agreements on unionized rail workers after it appeared that a strike blocking the deal was imminent. While reporting on this issue has largely focused on the aversion of a strike that would have likely crippled the U.S. supply chain during ...

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Faruqi & Faruqi

SEC Data Shows Record-Breaking Enforcement Actions and Penalties in Fiscal Year 2022

Posted by Faruqi & Faruqi on 01/06/2023

In early November, the Securities and Exchange Commission ("SEC") announced its enforcement results for Fiscal Year 2022. The results reflected a record-breaking year for the agency. The SEC announced that a total of 760 enforcement actions were filed in fiscal year 2022, including 462 new actions. The number of new actions filed in fiscal ...

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Faruqi & Faruqi

SEC Seeks Input On Proposal For Stock Buyback Plan

Posted by Faruqi & Faruqi on 01/05/2023

On December 7, 2022, the U.S. Securities and Exchange Commission reopened the comment period on proposed amendments to the required buyback disclosures. The SEC made the decision to call for additional public input following the passing of The Inflation Reduction Act of 2022. The Act was published after the original proposed amendments had ...

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Camilo Burr

U.S. House of Representatives Passes Bill to Ensure Equal Pay For All U.S. Athletes Engaged in International Competition

Posted by Camilo Burr on 01/04/2023

On December 21, 2022, the House of Representatives passed the Equal Pay for Team U.S.A. Act which will require all athletes, regardless of gender, representing the United States in international competition to be given equal pay and benefits in their sport. The Act stems from the U.S. women's soccer team's recent legal battle with the U.S. ...

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Faruqi & Faruqi

SEC FILES COMPLAINT AGAINST SAMUEL BANKMAN-FRIED FOR FRAUD

Posted by Faruqi & Faruqi on 01/03/2023

On December 13, 2022, the SEC filed a civil Complaint against Samuel Bankman-Fried, the disgraced former CEO of FTX Trading Ltd. ("FTX"), in the Southern District of New York, alleging that Bankman-Fried engaged in a massive years-long scheme to defraud both investors and the platform's customers whereby he misled investors about FTX's risk ...

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Taylor Crabill

The Speak Out Act Prohibits Employers from Silencing Employees with Pre-Dispute Non-Disclosure and Non-Disparagement Agreements

Posted by Taylor Crabill on 12/29/2022

If passed into law, the Speak Out Act would prohibit the enforceability of a pre-dispute non-disclosure or non-disparagement agreement in a sexual assault or sexual harassment dispute involving conduct that allegedly violates federal, tribal, or State law. For employees, the Speak Out Act would permit them to discuss any sexual assault or ...

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Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

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New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

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Los Angeles, California 90067
(424) 256-2884
(424) 256-2885

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Atlanta, Georgia 30305
(404) 847-0617
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Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania