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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-08-04T18:01:00
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission (SEC).
The July 24 ruling by Judge Amit Mehta of the U.S. District Court for the District of Columbia ordered Covington to hand over to the SEC the names of seven of the firm’s corporate clients that were impacted by the November 2020 Microsoft Hafnium cyberattack.
“We will review the decision carefully and consider any next steps in consultation with our affected clients,” a Covington spokesperson said in an emailed statement. The firm declined to comment further about whether it would appeal.
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News and analysis for the well-informed compliance or audit exec.
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2023-08-17T19:59:00Z By Adrianne Appel
President Joe Biden’s recent executive order to restrict certain outbound investments to China offers an opportunity for companies to help shape the program by offering input through comment.
2023-08-11T13:30:00Z By Aaron Nicodemus
Under increasing pressure from federal lawmakers and regulators, the American Bar Association agreed to strengthen the obligations lawyers must meet when weighing whether to stop representing clients who might be using their services to commit financial crimes.
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The clock is ticking for public companies to put in place policies and practices to meet the requirements of the Securities and Exchange Commission’s newly approved cybersecurity incident disclosure rule.
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Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
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A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
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Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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