As financial institutions and investors turn to social media to instantly share snippets of news and potential clues about market trends, the FBI and SEC are monitoring such postings for evidence of insider trading and improper investment information.
It is very old news that governments have access to cloud data on the Internet, but recent headlines about Prism make it seem that people are surprised to learn about the actual lack of Internet privacy.. Computerworld reported that the EU has “delayed a vote on what authorities can do with airline passengers’ data.”
There is no consensus among state or federal courts on the standards that govern preservation and spoliation issues. Yet, whether and when a company has a duty to preserve evidence is among the first questions that come to mind for inside counsel considering spoliation issues.
We’re quickly moving from a desktop and laptop computer world to a tablet world.
As our colleagues discussed in a previous post on InsideMedicalDevices, FDA took its first publicly announced enforcement action against a mobile app developer on May 22, issuing an “It Has Come to Our Attention Letter” to India-based app developer, Biosense Technologies.
Lawmakers in Washington, D.C., continue to show interest in understanding and developing regulatory proposals relating to mobile apps. The interest appears to be driven, at least in part, by policymakers’ concerns about consumer privacy when using mobile phones and other smart hand-held devices.
As the summer arrives in full force, I am watching a lot of my start-up friends take advantage of the unpaid internship to help with some needed coding, design or marketing projects they haven’t gotten to. These kids are smart, hungry, can use the experience and wouldn’t it be nice to have someone pick up coffee and donuts for you once in awhile?
Court Relies On Proportionality to Deny Inspection of Defendant’s Computers, Cell Phones and Email Accounts
Earlier this year, we wrote about a decision in which a federal district court rejected a proportionality argument and ordered the production of a defendant’s entire database because the information in the database was highly relevant to the plaintiff’s trademark infringement claim.
The below flowchart may be helpful to you in answering the question whether you qualify for the exemption for “venture capital funds” under Section 203(l) of the Investment Adviser’s Act of 1940 ( the “Advisers Act”), pursuant to the final rules promulgated by the SEC.
Think flash mobs are innocent fun? Well if you’re in Illinois, proceed with caution. The Illinois legislature recently passed a bill which provides tougher punishments for people whose social media posts result in flash mobs. The bill was recently signed into law by Illinois Governor Pat Quinn.