Search Results for: financial regulations

The US Supreme Court on Thursday struck down a controversial provision in Purdue Pharma’s bankruptcy plan that would have shielded members of its former owners from lawsuits related to the opioid crisis. Prior to Purdue’s bankruptcy declaration in 2019, it had been owned by the Sacklers, one of the countries wealthiest families. The Sacklers attempted [...]

The UK Government announced Thursday its latest sanction package on Russia, the first to target Russia’s”shadow fleet” of oil ships, in a bid to hinder President Vladimir Putin’s ability to fund the country’s war against Ukraine. UK Prime Minister Rishi Sunak made clear that the UK stands in support of Ukraine and that the sanction [...]

Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer.  Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy [...]

The US Department of Justice (DOJ) on Wednesday reported the arrest of Chinese national YunHe Wang on charges of creating and using malware that was used in cyber attacks, large-scale fraud and child exploitation. The indictment was unsealed on May 24 and alleged that Wang and his associates created and spread malware, compromising a network [...]

The Supreme Court decided Thursday that government officials cannot indirectly suppress free speech through coercion, reinforcing their previous decision in Bantam Books, Inc. v. Sullivan. Justice Sotomayor, writing for a unanimous court, said a government official “can share her views freely and criticize particular beliefs, and she can do so forcefully in the hopes of [...]

The UN General Assembly (UNGA) passed a resolution last week establishing a commemoration day for the 1995 killings of more than 8,000 Bosniak men and boys in Srebrenica and to formally recognize the event as genocide. Proposed by Germany and Rwanda, two countries with a unique history dealing with genocide in the 20th century, and [...]

Tang Renjian, China’s Secretary of the Party Leadership Group and Minister of the Ministry of Agriculture and Rural Affairs, is under investigation for violations of discipline and law, the country’s Central Commission for Discipline Inspection (CCDI) announced on Saturday. He is currently undergoing disciplinary review and supervisory investigation. This statement does not provide any additional [...]

The US Supreme Court held Thursday that the Consumer Financial Protection Bureau’s (CFPB) funding does not violate the Appropriations Clause and is constitutionally valid, in a decision authored by Justice Clarence Thomas. The CFPB was established following the market crisis of 2008, and “ensures that markets for consumer financial products are fair, transparent, and competitive.” [...]

Students at multiple UK universities this week have set up protests and encampments in solidarity with similar protests against Israel’s war in Gaza recently seen across campuses in the United States as well as in Canada, France and Germany. The UK universities include Oxford, Cambridge, University of College London, Newcastle,  Sheffield, Warwick, Birmingham, Liverpool, Manchester [...]

The media outlet Fontanka.ru reported Friday that their journalist, Ksenia Klochkova, had her home searched by police in connection with a criminal investigation against journalist Andrei Zakharov. Zakharov left Russia in December 2021, having stated that he faced unprecedented surveillance after being designated as a foreign agent. Fontanka.ru indicated that on Friday around 9 a.m., [...]