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In the past year, New York's highest court, the Court of Appeals, issued two decisions addressing both the scope of a defendant's duty to warn in negligence and products liability actions, and the scope of tort liability in actions predicated upon third-party conduct. In In re N.Y.C. Asbestos Litigation (N.Y.C. Asbestos), No. 83, 2016 WL 3495191 (N.Y. June 28, 2016), the court considered the circumstances under which a manufacturer of a non-hazardous product has a duty to warn against dangers arising from the product's use in combination with a hazardous product manufactured by a third party. In Pasternack v. Laboratory Corp. of America Holdings, No. 112, 2016 WL 3543713 (N.Y. June 30, 2016), the court considered: 1) whether laboratories and related entities have a common law duty to comply with federal regulations and guidelines governing drug-testing procedures that are unrelated to preserving the scientific integrity of the testing process; and 2) whether a plaintiff who suffers damages as a result of a third party's reliance on a false representation can state a claim for fraud.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
This article explores legal developments over the past year that may impact compliance officer personal liability.