Morrison & Foerster LLP

Status Updates: People-rating app proves unpopular; new tech automates compelling-photo selection; Twitter 101 for the political class

Bad reviews. On September 30th, the soon-to-be-launched app Peeple was described by the app’s co-founder, Julia Cordray, as a “Yelp for people,” that is, a people-rating platform that would allow users to assign number ratings…more
| Communications & Media Law, Elections & Politics, Science, Computers, & Technology

Going To The Heart Of Workplace Health Programs And Apps

The wearable technology market is booming and shows no sign of slowing down anytime soon. From watches to glasses, to chips and sensors built into clothing and accessories, wearable technology seems to have reached every corner…more
| Civil Rights, Labor & Employment Law, Privacy, Science, Computers, & Technology

CFPB Bulletin on Marketing Services Agreements: Not Per Se Unlawful, But . . . .

The Consumer Financial Protection Bureau (CFPB) on October 8, 2015 issued Compliance Bulletin 2015-05, RESPA Compliance and Marketing Services Agreements (Bulletin). The Bulletin represents another significant signpost along the…more
| Commercial Law & Contracts, Consumer Protection, Finance & Banking

CFPB Watch: MSAs Going the Way of Arbitration Clauses?

Following a now familiar approach, the CFPB issued a bulletin today that suggests deep disapproval of an entirely legal practice. This time, its target is marketing servicing agreements (MSAs), which are agreements that…more
| Consumer Protection, Finance & Banking, Real Estate - Commercial, Real Estate - Residential

California’s New Equal Pay Law Portends Tidal Wave of Gender Pay Discrimination Claims

On October 6, 2015, California Governor Jerry Brown signed into law SB358, which amends Labor Code Section 1197.5, California’s existing gender pay equality law.1 Most of the previous statute remains intact, but the amendments,…more
| Civil Rights, Elections & Politics, Labor & Employment Law

IFLR Publishes Bankers’ Counsel Poll on Initial Public Offerings

The International Financial Law Review (IFLR)’s Bankers’ Counsel Poll was compiled with Morrison & Foerster LLP. With input from partners Anna Pinedo and James Tanenbaum, poll questions were formulated. Using recommendations of…more
| Business Organizations, Finance & Banking, International Law & Trade, Securities Law

MoFo IP Newsletter - October 2015

The Survey Says: Tiffany Is Not Generic for A Ring Setting - Last month, the Southern District of New York granted summary judgment to Tiffany & Co. on its trademark infringement claim against Costco Wholesale Corporation…more
| Antitrust & Trade Regulation, Civil Procedure, Intellectual Property, International Law & Trade, Science, Computers, & Technology

Scottish Authorities Settle First Corporate Criminal Offence Under the Bribery Act

On 25 September 2015, prosecutors in Scotland announced the first application of the corporate offence of failing to prevent bribery under section 7 of the Bribery Act 2010. Due to self-reporting and extensive cooperation with…more
| Civil Procedure, Commercial Law & Contracts, Criminal Law

California Enacts Federal Conformity Bill

The governor of California has signed AB 154, which selectively conforms the California Revenue and Taxation Code to specified provisions of the Internal Revenue Code enacted as of January 1, 2015. This is a significant change…more
| Business Organizations, Taxation

Members of Congress Recommend Changes to the CFPB’s Proposed Prepaid Account Rule

The comment period to the CFPB’s Notice of Proposed Rulemaking for Prepaid Accounts (the “Proposed Rule”) closed in March, but 43 Members of Congress (42 Republicans and 1 Democrat) recently sent a letter to Director Cordray…more
| Consumer Protection, Elections & Politics, Finance & Banking

No Surprise Here—CFPB Proposes to Significantly Curtail Arbitration Agreements

On October 7, 2015, the CFPB announced its proposals regarding arbitration agreements in consumer financial product contracts. In a move that has plaintiffs’ class action lawyers cheering, the CFPB proposes to require litigation…more
| Alternative Dispute Resolution (ADR), Commercial Law & Contracts, Consumer Protection, Finance & Banking

The Short Field Guide to IPOs

Since the adoption of the Jumpstart Our Business Startups (JOBS) Act, emerging companies have a broader array of financing alternatives, including the opportunity to rely on the accommodations available to emerging growth…more
| Business Organizations, Finance & Banking, Securities Law

House Passes Two Bills Relating to Capital Formation

Today, the House passed two bills relating to the promotion of capital formation by smaller companies, H.R. 1525 and H.R. 1839…more
| Business Organizations, Finance & Banking, Securities Law

ECJ Safe Harbor Opinion Has Implications for All Data Transfers Out of Europe

On October 6, 2015, the European Court of Justice (ECJ) followed the core of the Opinion of the Advocate General (AG) in Schrems v. Data Protection Commissioner (Case No. C-362/14). In sum, the ECJ held that..…more
| Commercial Law & Contracts, Consumer Protection, International Law & Trade, Privacy, Science, Computers, & Technology

CFPB Sends Industry Letter on TRID

On October 1, regulators including the CFPB sent a letter to mortgage industry trade groups regarding TRID. The letter states that..…more
| Consumer Protection, Finance & Banking, Real Estate - Commercial, Real Estate - Residential
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