Tennessee lawmakers can protect consumers by passing lawsuit lending regulations that are pending in both houses, writes Thurbert Baker in the Tennessean.
The DOJ filed an amicus brief supporting the fraud-on-the-market theory as “settled and sensible.” The Supreme Court is scheduled to take up a case this term that will test the theory. Law 360 ($)
On Saturday, the Louisiana Democratic State Central Committee passed a resolution encouraging state and local officials to file lawsuits against the oil and gas industry for damage to wetlands that allegedly led to greater losses during storms. Baton Rouge Advocate
Toyota is reportedly close to a $1 billion settlement to end a U.S. investigation into how it disclosed reports of unintended acceleration. Wall Street Journal ($)
A former SEC Assistant Director of the Division of Enforcement writes the agency “got away with a doozy of a blown call” in its FCPA case against Siemens. FCPA Professor