Troutman Pepper State Attorneys General Monitor – July 14, 2023

State attorneys general increasingly impact businesses in all industries. Our nationally recognized state AG team has been trusted by clients for 20 years to navigate their most-complicated state AG investigations and enforcement actions.

State Attorneys General Monitor analyzes regulatory actions by state AGs and other state administrative agencies throughout the nation. Contributors to this newsletter and related blog include attorneys experienced in regulatory enforcement, litigation, and compliance.

Contact our State AG Team at StateAG@troutman.com.

Regulatory Oversight Podcast

A Conversation With NAAG Executive Director Brian Kane

By Ashley L. Taylor, Jr.

In the latest episode of Regulatory Oversight, the National Association of Attorneys General (NAAG) Executive Director Brian Kane joins co-host Ashley Taylor to discuss the role that NAAG plays among attorneys general. NAAG provides a community for attorneys general and their staff to collaboratively address issues important to their work, as well as training and resources to support attorneys general. From Supreme Court training to a multistate settlement database, NAAG offers a variety of resources to the attorneys general offices.

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State AG Updates

MDL Panel Applies Procedural Rule to Texas-Led Multistate Action Against Google

By Troutman Pepper State Attorneys General Team

On June 5, the Judicial Panel on Multidistrict Litigation (JPML) in Texas v. Google, LLC ruled that the State Antitrust Enforcement Act of 2021 applies to pending state antitrust enforcement actions, including to actions the JPML previously centralized. Specifically, the JPML ordered that a 16-state multistate attorneys’ general antitrust litigation against Google should be remanded to federal court in Texas.

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Ten State AGs Sue Coinbase, Alleging Securities Law Violations

By Troutman Pepper State Attorneys General Team & Justin Karlin*

On June 6, Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin each filed enforcement actions against leading cryptocurrency exchange Coinbase and its parent, alleging that Coinbase’s staking rewards program constituted unregistered securities sales in violation their states’ securities laws. These actions followed an investigation by a multistate task force with assistance from the Securities and Exchange Commission (SEC).

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Stephanie Kozol, Senior Government Relations Manager – State Attorneys General, also contributed to this newsletter.

*Justin Karlin, a 2023 summer associate with Troutman Pepper who is not admitted to practice law in any jurisdiction, also contributed to this newsletter.