December 07, 2005
Attorneys Exempt from Graham-Leach-Bliley Act
The DC Circuit has ruled that the FTC overstepped its authority by trying to include attorneys within the scope of the Graham-Leach-Bliley Act. This isn't huge news in the sense that the DC Circuit affirmed the lower court's ruling. On the other hand, this case is extremely important because, if attorneys were covered by the GLBA, it would have a significant effect on the industry.
Posted by Eric at December 7, 2005 12:52 PM | Legal Industry