Tag: antitrust

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Daily Compliance News

Daily Compliance News: February 9, 2024 – The There Are Tapes Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • An informant secretly recorded Menendez’s bribery allegations. (NYT)
  • Sports gambling is a growing AML problem.  (WSJ)
  • The Spanish Court suspends Amazon’s pending appeal. (Reuters)
  • Malaysia recovers another $5 million from Roger Ng. (Bloomberg)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

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Daily Compliance News

Daily Compliance News: December 13, 2023 – The Not Soft on Crime Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. all from the Compliance Podcast Network. Each day we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • DOJ says it’s not soft on corporate crime. (WSJ)
  • COP28 reaches a historic deal. (FT)
  • The lure of corruption is omnipresent. (Catholic News Agency)
  • The epic verdict adds to Google int’l antitrust woes. (Reuters)
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Daily Compliance News

Daily Compliance News: November 15, 2023 – The Two Per Week Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Ukraine legislator tied to Giuliani arrested for treason.  (WaPo)
  • 2 sexual harassment claims per week at McDonalds UK (TT)
  • Can Barclay’s move beyond scandal (and Jes Staley)? (FT)
  • US drops antitrust claims over hospital hiring. (Reuters)
Categories
All Things Investigations

Taylor Swift, LiveNation and Anti-trust with Philip Giordano

Welcome to the Hughes Hubbard Anti-Corruption and Internal Investigations Practice Group’s Podcast, All Things Investigations. In this podcast, host Tom Fox and returning guest Philip Giordano of the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group highlight some of the key legal issues in white-collar investigations, locally and internationally.

Phillip Giordano is a partner in the Hughes Hubbard Antitrust Group, focusing on a variety of national and international antitrust matters, including complex criminal antitrust investigations and litigation, civil non-merger government investigations, and mergers and acquisitions. Philip also personally practices in the area of criminal defense.

Key areas we discuss in this podcast:

  • LiveNation and Ticketmaster have been on the DOJ’s radar for quite some time.
  • Defining vertical and horizontal integration.
  • Why the DOJ was concerned about the primary ticketing market.
  • Ticketmaster has been criticized for raising ticket prices after the website crashed due to high demand. There was an outcry because before it crashed, Ticketmaster’s algorithms raised ticket prices to four or five figures.
  • Analyzing a concentrated market.
  • Surge pricing in one market can help the market function competitively in another market.

Resources

Hughes Hubbard & Reed website 

Philip Giordano on LinkedIn

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Daily Compliance News

November 28, 2022 – The Back to Venezuela Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. 

Stories we are following in today’s edition of Daily Compliance News:

· Chevron is going back into Venezuela. (WSJ)

· Amazon is hoping to settle by year-end with the EU. (Reuters)  

· Don’t let crypto fraud diminish blockchain. (FT) 

· Huawei and ZTE banned. (Bloomberg) 

Categories
Everything Compliance

Episode 105 – the Monaco Memo and Antitrust in the EU

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In 2021, Everything Compliance was honored by W3 as a top talk show in podcasting. In this episode, we have the quartet of Jonathan Marks, Jonathan Armstrong, Karen Woody, and Tom Fox on the Monaco Memo and antitrust enforcement going forward in Europe. We conclude with our fan Shout Outs and Rants section.

  1. Tom Fox looks at the Monaco Memo through the monitorship language and answers a listener’s questions about compliance programs under the Monaco Memo. He shouts out to Aaron Judge, who has a year for the ages.
  2. Karen Woody reviews the Monaco Memo, the self-disclosure angle, and investigatory considerations and ponders the role of defense counsel going forward. She shouts out to the HBO film Elvis and the movie portrayal of Presley.
  3. Jonathan Marks also looks at the Monaco Memo’s investigatory issues, the Board of Directors’ role, and the forensic auditor’s role under the Monaco Memo. He rants about compliance professionals and fraud examiners who have no idea what internal control is.
  4. Jonathan Armstrong looks at the EU communications around Facebook and antitrust enforcement and how things may change dramatically. He shouts out to King Charles III, who had a 70-year apprenticeship as the Heir Apparent to the British throne.

The members of Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com.
  • Jonathan Armstrong is our UK colleague, an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com.
  • Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com.

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

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Daily Compliance News

September 14, 2022 the Is Twitter Lying Edition

In today’s edition of Daily Compliance News:

  • Ideanomics announces FCPA investigation. (FCPA Clearinghouse)
  • Who is responsible for client losses? (Bloomberg)
  • Mudge says Twitter lying about security flaws. (NYT)
  • Google loses EU anti-trust appeal. (Reuters)
Categories
FCPA Compliance Report

Mike Volkov on DOJ Trial Record


In this episode of the FCPA Compliance Report I visit with Mike Volkov. Mike recently did a three-part blog post series reviewing the DOJ trial strategy, successes and failures and approach of the antitrust division. In this podcast we take a deep dive into FCPA trials, other white collar fraud trials and antitrust trials the DOJ has had over the past few years. We assess the key approaches, discuss some important wins and unfortunate stumbles.
Resources
Mike Volkov on Corruption Crime & Compliance
Part 1 –  A Mixed Bag
Part 2 – Big Victories and Misguided Targets
Part 3 – Antitrust Division Stumbles

Categories
This Week in FCPA

Episode 289 – the Brady Retires edition

 
As the GOAT of pro football, Tom Brady retires, Brian Flores sues the NFL and the Bengals/Rams make the Super Bowl, Tom and Jay are back look at some of the week’s top compliance and ethics stories this week in the Brady Retires edition. 
Stories

  1. DOJ issues first Opinion Release of 2022. DOJ website. Tom in FCPA Compliance and Ethics Blog. Bill Steinman in the FCPA Blog.
  2. Do BODs have unrealistic expectations on compliance? Dick Cassin explores in the FCPA Blog.
  3. KPMG mislead FRC through forged docs. Risk and Compliance Platform Europe.
  4. LRN releases 2022 Program Effectiveness Report. Download report here. Matt Kelly in Radical Compliance.
  5. A ‘how-to’ on remediating. The HeadSpin enforcement action. Tom in FCPA Compliance and Ethics Blog. Aaron Nicodemus in Compliance Week. (sub req’d)
  6. Learning to scale up ethically. Hemant Taneja in CCI.
  7. Why compliance should lead ESG. Carrie Penman in Ethics and Compliance Matters.
  8. The Boardroom agenda in 2022. Deloitte in Harvard Law School forum on Corporate Governance.
  9. Changes in antitrust enforcement and its impact on compliance. Mike Volkov, Matt Kelly and Tom in Compliance into the Weeds. Mike Volkov with a 3-part blog series in Corruption Crime and Compliance.
  10. Unclear values can lead to unethical behavior. Brett Beasley in Center for Ethical Leadership.

 Podcasts and More

  1. In February on The Compliance Life, I visit with Ellen Smith, a former Director of Trade Compliance who recently started her own consulting firm. In Part 1, she discussed her academic background and early professional career.
  2. Aly McDevitt with a multipart series in Compliance Week on the end-to-end story of a ransomware attack. Here more about the series on this month’s edition of From the Editor’s Desk, with Tom and Dave Lefort. A subscription is required but Compliance Week is running a membership special of $199 for the year. Use Promo Code RNSM199. For information and details click here.
  3. CCI releases new e-book from Tom “FCPA 2021 Year in Review”. Available free from CCI.
  4. Trial of the Century-the Enron Trial. This week, Tom premiered a 5-part podcast series on the Enron Trial with Loren Steffy, who covered the trial for the Houston Chronicle. In Part 1, run up to the trial. In Part 2, the trial begins. In Part 3, the star witnesses and key testimony. In Part 4, the Verdict comes in. In Part 5, what did it all mean. It is be available on the Compliance Podcast Network, Megaphone, iTunes, Spotify and all other top podcast platforms.
  5. Looking for a quick daily bite of trade compliance? Check out the Compliance Kitchen with Silvia Surman, who gives a short 3-5 minute update on one trade compliance topic each day. On the Compliance Podcast Network.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
Compliance Into the Weeds

Mike Volkov on Antitrust Issues in Microsoft Acquisition of Activision Blizzard

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom are pleased to host Mike Volkov, host of the Corruption Crime and Compliance podcast on the Compliance Podcast Network. Mike formerly worked in the DOJ, Antitrust Division. We consider the current evolution of antitrust enforcement by the DOJ and FTC and how it might impact the Microsoft acquisition of Activision Blizzard. Some of the issues we consider include:

·      Is the focus of antitrust enforcement changing from consumers to others?

·      What is a Section 2 Sherman Act claim?

·       What are structural v. behavioral remedies?

·      Have partial divestitures fallen out of favor?

·      How might all this play out in the Microsoft acquisition of Activision Blizzard?

·      What is the role of compliance going forward?

Resources
Matt in Radical Compliance
Mike Volkov in  Corruption Crime and Compliance