EPA suspends BP from new federal contracts, SEC Chairman to step down, and more.
- The Environmental Protection Agency (EPA) has temporarily suspended British Petroleum from bidding on federal contracts or leases.
- Securities and Exchange Commission (SEC) Chairman Mary Schapiro announced that she will step down next month. See related The Regulatory Review essay.
- The SEC brought charges against CR Intrinsic Investors hedge fund over alleged involvement in a $276 million insider trading scheme.
- The Federal Trade Commission (FTC) filed an amicus brief in an antitrust action against Warner Chilcott over alleged “product hopping,” where brand-name pharmaceutical companies make minor changes to a patented drug in an attempt to impede generic competitors.
- The American Civil Liberties Union sued the U.S. Department of Defense (DOD) to expand the ability of female soldiers to serve in combat roles.
- The Texas Attorney General’s Office filed a warrant to seize a ranch property owned by Warren Jeffs.
- The Commodity Futures Trading Commission (CFTC) gave final approval to a Dodd-Frank swap-clearing rule
- Democratic senators sought a “refinery-by-refinery” investigation by the Department of Justice (DOJ) claiming that the 2012 gas price spikes in California resulted from illegal market manipulation.