FDA Takes Cooperation with FTC to a New Level
On February 1, 2011, the U.S. Food and Drug Administration (FDA) has cited a dietary supplement manufacturer for violating not only the Food, Drug & Cosmetic Act (FD&C Act) that […]
Entries by admin_fidj
Court of Appeals Overturns Ruling Allowing FDA to Conduct Records Inspections of Compounding Pharmacies
On February 25, 2011, the United States Court of Appeals for the Fifth Circuit vacated a ruling of the United States District Court for the Western District of Texas which […]
U.S. Department of Justice charges former UBS banker Christos Bagios with conspiracy to defraud the United States
The United States Attorney’s Office for the Southern District of Florida together with the Department of Justice – Tax Division, charged via information Christos Bagios, now a senior banker at Credit Suisse, of conspiring to defraud the United States of income taxes from U.S. citizens and residents pursuant to 18 U.S.C. section 371, commonly referred to as a Klein Conspiracy.
Supreme Court limits the Confrontation Clause of the Sixth Amendment in Michigan v. Bryant
On February 28, 2011, in Michigan v. Byrant, Justice Sotomayor writing for the United States Supreme Court held that a victim’s identification and description of the defendant and the location of the alleged crime were not testimonial statements because they had a “primary purpose .
FDA Announces Removal of Unapproved Cold, Cough, and Allergy Drugs from U.S. Market
On Wednesday of this week, the FDA announced its intent to remove approximately 500 unapproved prescription medicines from the U.S. market. The unapproved drugs are all intended for the relief […]
FinCEN Amends and Clarifies FBAR Responsibilities
On February 24, 2011, the Financial Crimes Enforcement Network (FinCEN) issued a final rule amending and clarifying the Bank Secrecy Act (BSA) implementing regulations regarding the Report of Foreign Bank and Financial Accounts (FBAR).
President Obama Warns FDA That Overhaul and Modernization Are Necessary
Last week, the Financial Times reported that President Obama has warned the U.S. Food and Drug Administration (FDA) that it will be the target of a major overhaul due to its failure to keep up with advances in medicine and biotechnology.
New Food Safety Law Contains Protections for Whistleblowers
Food industry workers turned whistleblowers have been faced with retaliation from their employers. However, thanks to a new provision in the sweeping food safety law signed by President Barack Obama last month, workers have gained protection.
Final FASB Guidance on Troubled Debt Restructurings Due Out by March 31, 2011
At its board meeting on February 23, 2011, the Financial Accounting Standards Board (FASB) stated that it plans to issue its final guidance on Troubled Debt Restructurings (TDRs) by March […]
U.S. Supreme Court to Decide if Internal Revenue Code Section 7206 Offenses are a Basis for Deportation
In November of 2010, the taxpayer at issue in Kawashima v. Holder, 615 F.3d 1043 (9th Cir. 2010) (available here), petitioned the Supreme Court for a Writ of Certiorari. The […]
