Tag:Journal of Regulatory Compliance
The DOJ Challenges Penguin Random House’s Acquisition of Simon & Schuster
In the United States, “The Big Five” denote the largest five publishing houses. These publishing empires print everything from medical textbooks to children’s books and together control over eighty percent of the publishing market. The Big Five includes Penguin Random House, HarperCollins, Simon & Schuster, Hachette, and Macmillan. In November of 2020, Viacom announced the sale of Simon & Schuster to Penguin Random House for $2.175 billion. A year later on November 2, 2021, the U.S. Department of Justice announced a lawsuit challenging the acquisition to ensure “fair competition in the U.S. publishing industry.”
Compliance Spotlight: William Hanning, CISSP, CISO
William Hanning is a Chief Information Security Officer with Groups360 and close to twenty years of Information Security experience. Mr. Hanning has built and managed security programs in multiple industries in organizations of varying sizes, as well as within Fortune 100 companies. Here, he gives insight about the separation between data privacy and cybersecurity, the role of information security teams, and how cybersecurity relates to and supports the work of legal and compliance departments.
Eradicating Real Guns in Hollywood: Why No One’s Life Should be Put at Risk on a Fictional Movie Set.
On October 21, 2021, actor Alec Baldwin fatally shot a cinematographer, Halyna Hutchins, and injured director Joel Souza on the set of the western film, Rust. Details of the tragic accident are still surfacing, but the incident has already sparked debate over the safety of cast and crew in Hollywood. With access to so much technology and computer-generated work behind the scenes, there is no longer a need for real guns in Hollywood. Despite the regulations on guns on Hollywood film sets, accidents still happen. Cast and crew should not have to risk their lives over something that is one hundred percent preventable.
The Deferred Action for Childhood Arrivals and Its Failure to Protect Our Undocumented Communities
U.S. Citizenship and Immigration Services (USCIS) has proposed new regulations regarding DACA and is accepting comments on the proposed rule. USCIS claims that the new regulations will preserve and fortify the Department of Homeland Security (DHS) policy. As well as respond to President Biden’s memorandum from January 20, 2021, where Biden states in support of DACA, that “these immigrants (DACA recipients) should not be a priority for removal based on humanitarian concerns, and that work authorization will enable them to support themselves, and contribute to our economy, while they remain(in the U.S.)” USCIS further claims that DACA has been economically and socially beneficial to undocumented communities. It reiterates their “consistent judgment” that DACA recipients should not be a priority for removal citing Secretary Napolitano’s 2012 memorandum that DACA recipients lacked the intent to violate the law as children. Further, “removing productive young people (unless justified)” is not a prudent way to spend border resources. The agency continues to provide that the proposed regulation does not provide lawful status or path to citizenship. Despite the use of language that speciously centers on DACA recipients, the proposed provisions are at best superficial and continue to leave undocumented young people in a state of uncertainty.
Price Control Legislation for Generic Drugs – A Delaware Case Study
Price Control Legislation for Generic Drugs – A Delaware Case Study Andrew Thompson Associate Editor Loyola University Chicago School of Law, JD 2023 Earlier, I wrote here about how American drug prices are approximately 256 to 344 percent higher than prices in OCED member markets. Federal legislators confronting patent extensions, pay-for-delay agreements, and other tools …
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Mattresses & Money Laundering
Puja Valera Associate Editor Loyola University Chicago School of Law, JD 2023 Mattresses and money laundering – two very different topics that have been intertwined in mystery and conspiracy. On Medium, a journalist reported that a reddit user first introduced the concept that Mattress Firm, the largest mattress retailer in the world, is actually a …
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Chicago’s “Decriminalization” of Sex Work
In the United States, according to a HG study, every year, between 70,000 and 80,000 people are arrested for prostitution related offenses, where roughly seventy percent of arrests are made against women sellers, twenty percent of arrests are made against men sellers, and a mere ten percent are made against buyers. In Chicago, the number of arrests are comparable, where according to a Chicago Alliance Against Sexual Exploitation study, in 2013, approximately seventy-four percent of prostitution-related arrests were for selling, and in 2017, ninety percent of prostitution-related arrests were for selling.
Following the enactment of similar laws in other states, in 2014, Illinois passed Public Act 98-1013 which creates a financial incentive for the enforcement of prostitution laws against buyers and traffickers, rather than sellers. However, the Chicago Police Department (CPD) continues to prioritize arrests of sex sellers over buyers. Criminalization of sex work disproportionately harms LGBTQ people, communities of color, and immigrants. At a local level, Chicago needs to decriminalize sex work and reallocate CPD’s enforcement budget to social welfare services.
The Pandora Papers and the Bank Secrecy Act
The recent Pandora Papers leak in October 2021 shined the light on the massive and intricate web of offshore accounting that allows for insurmountable amounts of wealth to be hidden throughout the world. One of the most shocking revelations of these Papers was how heavily the United States was implicated in creating and perpetuating this system. As such, legislators have been pressured to find a way to crackdown on this sort of offshore money. One way that they have proposed addressing the problem is by amending the United States’ current criminal financial legislation, the Bank Secrecy Act.
Avengers Assemble for Battle Over Copyright Claims
The Walt Disney Company has filed multiple lawsuits in the hopes of retaining the copyright to some of their most popular Marvel superheroes, including the likes of blockbuster characters such as Spider-Man and Thor. While Marvel Entertainment, a subsidiary of The Walt Disney Company, has been in multiple long-term licensing deals to maintain the rights to these characters for many years, some of those are approaching a potential expiration date as the original artists and illustrators of these characters seek to reclaim their creative rights.
A Case for Regulating Facebook
Recently, whistleblower Frances Haugen testified before a Senate subcommittee that Facebook has been deliberately putting its own profits before users’ safety. As Facebook’s former product manager for civic misinformation, Haugen calls for federal regulation of social media platforms and asserts that Facebook will not solve what she calls a “crisis” of deliberately ignoring users’ wellbeing for the sake of its own profits without Congress’s help. She points to tobacco, automobiles, and opioids, stating that when it became clear that those products were harming people, the government took action.