Federal regulations affect the practices of a broad spectrum of lawyers. For corporate counsel, federal regulations may directly touch on their company’s core business, or they may impose additional general compliance requirements, such as in human resources, as an example. Attorneys in both private practice and public interest law face a similar impact whether they practice labor and employment, immigration, criminal law or in a completely different area.
Here are some federal regulations that attorneys in the corresponding practice areas or industries may find of interest:
The Daily Business Review reported on a federal class action settlement by Sharper Image over its air purifiers. Unfortunately, for Sharper Image, Judge Cecilia Altonaga denied the settlement without prejudice. Fortunately, for us, Sharper Image had filed the Settlement Agreement already with the U.S. Securities and Exchange Commission. Here are some of the more interesting provisions:
§ 10.2 Settling Defendant agrees to pay an amount not to exceed $1,875,000.00, plus the additional expenses outlined in paragraph 9 above, subject to application for an award of attorneys’ fees and expenses and Court approval, as full payment for all attorneys’ fees, costs, and expenses incurred in connection with this Class Action.
For $1,875,000, the settling defendants’ lawyers got them…