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Law Firms in the Cybersecurity Regulatory and Litigation Crosshairs in 2017

2017 is promising to be a year in which law firms that do not harden their information security safeguards may face dire consequences from regulators and even from other lawyers. On January 1, New York’s Department of Financial Services cybersecurity regulations will take effect (unless revised or delayed before that date). They will require law …

Supreme Court Reaffirms Liability for Gifting Insider Information to Family and Friends

On December 6, 2016, the U.S. Supreme Court issued its decision in Salman v. United States, 580 U.S. ___ (2016), a ruling that makes obtaining insider trading convictions far easier for the government in cases where an insider provides trading tips to a relative or friend. In Salman, the Court upheld the convictions of Bassam …