Both Morgan Stanley and Ralph Lauren demonstrate the government’s recognition of cooperation and compliance. Thus, the importance of aggressive compliance and self-assessment simply cannot be overstated.
The Foreign Corrupt Practices Act (FCPA) has been a focus of federal regulation and enforcement. The Securities and Exchange Commission (SEC) recently entered into its first nonprosecution agreement (NPA) for FCPA violations.
The 2nd Circuit on Monday gave a victory to Ralph Lauren Corp. in the fashion company’s long-running legal battle with the U.S. Polo Association (USPA), ruling that the latter cannot use a “double horseman” logo on its fragrances because it too closely resembles Ralph Lauren’s trademarks.