U.S. Supreme Court Tightens Venue Rules for Patent Infringement Suits

The U.S. ‎Supreme Court has dealt a blow to patent trolls and other forum-shopping plaintiffs in infringement cases, ruling on May 22 that for patent venue purposes, a corporate defendant “resides” only in its state of incorporation — despite the broader definition of residence in the general venue statute. The decision, in TC Heartland LLC v. Kraft Foods Group Brands LLC, No. 16-341, means that plaintiffs claiming infringement can no longer sue in a federal district simply because a...

Contract Lifecycle Management Making Strides in the Cloud

Cloud computing is ramping up the use of contract lifecycle management by legal departments, with demand for CLM software enjoying double-digit growth over the past three years. CLM has been around for decades as a way for companies to keep track of their contracts, including creation, activation, storage, compliance and analysis, all of which directly affect pricing and profitability. A CLM system helps monitor contracts for performance, ensure compliance with regulations, minimize risk,...

Inflation Fears Subdued as Advisors Focus on Government Happenings

Regulatory and political developments continue to preoccupy investment advisors, with concern for inflation ranking last on the list of potential concerns, a new study finds. In the first quarter of 2017, a little over 3 percent of advisors polled for the Fidelity Institutional Asset Management Pulse survey cited inflation as an area of focus, while 24 percent cited topics relating to government and the economy. Many pointed to the Department of Labor’s fiduciary investment advice rule and...

Email, Not Facebook, Wins Battle in Consumer Brand Engagement

Despite social media’s large and growing presence in many consumers’ lives, it’s not necessarily the ideal platform for brand interaction. A new survey that took the pulse of commerce consumption preferences of online shoppers shows that less than a quarter (24 percent) name social media as one of their preferred channels for brand interaction. For those consumers who do take to social media to engage with brands, the 2017 Generational Marketing Insights Survey by Campaigner®...

Financial Technology: Innovations To Drive Policy and Reform

Fintech is not only adapting to but challenging the regulatory landscape, allowing financial markets and systems to become more transparent, efficient and consumer-focused, and ‘data monetised and money digitised.’

Gen Z’s Customer Experience Expectations Factor Big in Brand Loyalty

More than any generation before them, Generation Z has distinct expectations of brands with regard to customer service and engagement through emerging channels, a new study shows. Gen Z is twice as likely as Gen Y to find personalized recommendations valuable to shopping experiences, and twice as likely to be loyal to a brand that’s responsive on social media. The study findings show that Gen Z is already financially empowered, with 81 percent making purchases on their own; has mobile...

Insider and Third-Party Access Rank as Top Cyber Threats for Global Organizations

Insider and third-party access are the top security threats facing organizations and enterprise IT systems, according to a global survey. Despite rising awareness of the threats posed by users with privileged access permissions, most organizations still allow a myriad of internal and external parties to access their most valuable systems and data. Many are placing trust in both employees and third parties without a proven means of managing, controlling, and monitoring the access that these...

Post-College Millennials Bringing It Back Home

Just as college-bound high school seniors are preparing to flee the nest come fall, moms and dads of recent college graduates may find their adult kids boomeranging back to the family home after years away. A new survey finds that while two-thirds (65 percent) of teens say they don’t expect to move back home after college, nearly half  (48 percent) of post-college young millennials moved back in with parents after college. “Today’s college graduates are clearly under financial...

Research Finds Widespread Investment in Digital Transformation

Digital transformation initiatives are underway big time at large organizations, and they’re more successful when they have buy-in from across the business, according to a survey of 400 senior IT executives across the U.S., U.K. and Germany. When asked where they are in the journey, 55 percent believe they are moving with the masses, while 36 percent believe they are ahead of the curve. Respondents on average reported 29 percent of their IT budget is dedicated to digital transformation...

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25
May 2017

Law Firm-Issued Collections Letters Continue to Pose High Risks

Debtor-Creditor
Misrepresentations regarding attorney involvement in collections letters and other communications continue to be a hot button issue with the Consumer Financial Protection Bureau.
25
May 2017

Developments in Director Oversight of Cybersecurity Risk

Cyber Security
As the world of cybersecurity risk evolves, companies and their directors and officers should continue to engage in and enhance cyber risk oversight practices and to monitor and consider developments in shareholder derivative lawsuits regarding cyberattacks, regulatory enforcement actions and legal, regulatory and industry developments and cyber events, the author writes.
24
May 2017

For Millennials, the Traditional Idea of Retirement Is Officially Extinct, Study Finds

Bank/Savings
Millennials are charting unexplored territory as the first generation to plan for financial freedom instead of retirement, according to a new report. Sixty-three percent of millennials are looking to achieve the amount of savings or income necessary to live their desired lifestyle, which drastically...
23
May 2017

Email, Not Facebook, Wins Battle in Consumer Brand Engagement

E-commerce
Despite social media’s large and growing presence in many consumers’ lives, it’s not necessarily the ideal platform for brand interaction. A new survey that took the pulse of commerce consumption preferences of online shoppers shows that less than a quarter (24 percent) name social media as...
23
May 2017

Inflation Fears Subdued as Advisors Focus on Government Happenings

Risk and Compliance
Regulatory and political developments continue to preoccupy investment advisors, with concern for inflation ranking last on the list of potential concerns, a new study finds. In the first quarter of 2017, a little over 3 percent of advisors polled for the Fidelity Institutional Asset Management...
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