Editor's note: Authored by Matthew Krengel, Luke Cadigan and Andrew Goldstein, with contribution from Ruth Hauswirth, this article was originally published in Law360.
In today's fast-paced business world, the use of messaging apps has become ubiquitous, allowing for quick and efficient communication among employees, executives and directors.
However, the rise in popularity of ephemeral messaging has raised significant regulatory concerns.
Recent warnings from the U.S. Department of Justice and the U.S. Securities and Exchange Commission have highlighted the potential dangers and compliance issues associated with these communication platforms — and businesses should take note.
In today's business world, employees, executives and directors often don't think twice about what communication platform they're using — and how those choices might be viewed by regulators.
Scenarios like these are common: From a boardroom on the 22nd floor, a CEO sends a message to a member of her board of directors regarding an upcoming product launch using Telegram Messenger, her board's preferred means of communication. At an industry conference, a vice president of sales, eager to tell a customer about newly unveiled software, fires off a text over Signal using the customer's desired means of communication, as part of a companywide effort to meet the customer where they're at.
Regulators want companies to start paying attention.
Through public statements and recent enforcement actions, the DOJ...
The court found the relator did not allege specific reimbursement requests or facts linking challenged promotional statements to government payments. A Maryland federal district court dismissed a ...