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advances document drafting tools with closer integration of Practical Law and Contract Express | Thomson Reuters

London – Thomson Reuters is forging closer links between its market-leading know-how solution, Practical Law, and its innovative document automation software, Contract Express, to help lawyers draft contracts more easily and more effectively.

The closer integration will provide Contract Express customers with up to 300 pre-automated templates and standard clauses prepared and maintained by the editorial experts behind Practical Law. Contract Express users will be able to quickly create bespoke versions of the existing Practical Law templates for their own use and will be notified when the original templates and clauses are updated by the Practical Law editorial team. The closer integration will widen the appeal of Contract Express among law firms of all sizes.

In a further step, the company has replaced the ‘engine’ behind the Fast Draft tool within Practical Law with the technology from Contract Express. The move puts the innovative technology at the heart of the company’s drafting tools for lawyers and offers a more streamlined, user-friendly and faster drafting experience for its customers.

The developments come as Thomson Reuters releases the latest version of Contract Express (version 7.0) which introduces a host of new features including; Negotiator, Contacts, questionnaire drafting notes and – for users in the UK – Companies House and postcode ‘look-up’.

‘It is little over a year since the acquisition of Contract Express by Thomson Reuters and I’m extremely pleased with the advances we’ve made in this timeframe,’ said Lucinda Case, managing director of the UK&I Legal business of Thomson Reuters. ‘The closer integration of Contract Express with our existing solutions has always been an aim for Thomson Reuters and it’s a direction that is supported by many of our customers who want to work in new and more effective ways.’

‘Today’s announcement is great news for customers of Contract Express and Practical Law. It has been a long held ambition of our development team to combine the document automation capabilities of Contract Express with the best legal content available. The steps we have taken today help us to realise this ambition and they will offer a more robust and user-friendly technology enabling lawyers to do more with their legal content,’ said Andy Wishart, global head of Contract Express at Thomson Reuters.

About Contract Express 7.0:

Contract Express 7.0 also introduces a new Contacts feature, which allows users to share contact information between document templates via a centralised data store of contacts and entities. For any given contact or entity, users can discover which documents are using that data. When re-drafting a document in Contract Express, users are notified if the contacts and entities used in the questionnaire have been updated.

Questionnaire Drafting Notes allows template authors to create in-line guidance within the Contract Express Preview feature. This guidance helps drafters understand the importance of specific clauses.

The Companies House feature allows users in the UK to quickly find company details and contacts to use in their templates and keep those up-to-date. The Postcode look-up feature will enable users to search for UK postcodes inside the Contract Express questionnaire.

‘I’m excited about the Negotiator feature we’ve introduced in Contract Express 7.0. It’s a Microsoft Word add-in that enables lawyers to manage red line edits and merge these multiple edits into one document. This was previously a pain point for many of our customers,’ added Wishart.

Contract Express, with its patented technology, offers law firms and lawyers an easy-to-deploy, simple-to-scale and intuitive solution, allowing them to quickly embrace modern digital document drafting. It enables lawyers to automate templates right inside Microsoft Word® and is akin to marking up a document with a red pen in a fraction of the time it would take in prior-generation solutions.

More than 100 of the world’s leading law firms and corporations are already using Contract Express to drive document creation efficiency.

To learn more about Contract Express visit:

Thomson Reuters

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. For more information, go to

Thomson Reuters Corporation published this content on 12 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2016 23:15:08 UTC.

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Jacobs Law Group Expands with Addition of Experienced Litigator

Experienced litigation attorney joins Philadelphia law firm.

Malvern, Pa. (PRWEB) December 12, 2016

Philadelphia law firm, Jacobs Law Group, is pleased to announce the addition of attorney Mackenzie W. Smith to its Malvern office. Smith focuses her practice on commercial, products liability, insurance defense and estate-related litigation.

“We are pleased to welcome Mackenzie to Jacobs Law Group, and we know her diverse experience makes her a great asset for our clients,” said Managing Partner Neal Jacobs.

Smith began her legal career at the Philadelphia office of national law firm Blank Rome, where she served as an associate in the litigation department handling a variety of commercial, product liability and aviation matters. While at the firm, she completed a two-year fellowship in the Chester County District Attorney’s Office. As an assistant district attorney, she prosecuted hundreds of criminal cases and secured guilty verdicts in many high-profile cases.

After the fellowship, she returned to Blank Rome and represented Fortune 500 companies in commercial disputes at all levels of the Pennsylvania court system and in federal district courts in Pennsylvania and New Jersey.

Smith holds a bachelor’s degree in linguistics and Italian from Tulane University and a master’s degree in Italian Studies from Middlebury College, in Middlebury, Vermont. She earned a law degree from Temple University’s Beasley School of Law, where she held the James E. Beasley Merit Scholarship. When not practicing law, she enjoys music and is an accomplished pianist and harpist.

About Jacobs Law Group: The Jacobs Law Group, PC ( is a boutique litigation-focused law firm based in Center City Philadelphia, with offices in Malvern, Pennsylvania and Voorhees, New Jersey. With the mission to provide a fresh alternative to the traditional large, national law firms, the firm was designed to meet the critical corporate law and litigation needs of middle-market companies and entrepreneurs. The firm’s early 2016 expansion permitted the firm to offer specialized litigation support to its insurance, manufacturing and aviation clients, as well. The firm’s legal services are offered in a holistic approach, which includes practical advice and counsel built on an understanding of the specifics of each client.

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Why the CSR law is not a success

The Companies Act 2013 requires large (above a specified threshold level) firms to spend 2% of their net profits on corporate social responsibility (CSR) projects. This law came into effect in April 2014. The results on CSR expenditures by firms in the fiscal year 2015-16 were released recently. It is certainly true that Indian firms collectively are more than complying with the CSR law. According to Prime Database, Indian companies spent Rs9,309 crore on CSR projects in 2015-16, which was Rs163 crore more than the amount required by law, and Rs703 crore more than the previous year.

The general reaction in the Indian press has been positive and suggests that the CSR law has been a success. However, the CSR law is only apparently successful, and in reality is harmful.

The problem is that reported expenditure on CSR projects is not a good metric of societal welfare. These numbers overstate the effect of the law. It is not clear whether firms have really increased their CSR spending after the law compared to what they were spending voluntarily before the law, because CSR spending was not well reported historically. There is some evidence that while firms that were initially spending less than 2% increased their CSR activity, but those that were initially spending more than 2% reduced their CSR expenditure. Another possibility is that firms spent money on CSR activities that also lead to increasing firm profits, such as inculcating goodwill and good public relations. There is evidence indicating CSR spending leads to brand building and employee engagement. In that case, firms would have carried out these activities with or without the law.

Even if we take the CSR expenditure at face value and assume these are valid numbers, there are still major problems with the CSR law. A required expenditure that does not lead to higher profits is essentially a tax. The CSR law can be viewed as a 2% tax, albeit spent by the firms rather than given to the government. This is a back-door way to increase corporate taxes without a transparent political debate. The corporate tax rate in India is 34.61%—already one of the highest, compared to a global average of 24.09%, according to KPMG, an audit and consulting company. Given the emphasis on liberalization and economic growth, it is unlikely that the Indian polity desires an increase in the corporate tax rate. This certainly will not help to make Indian firms more globally competitive nor attract more foreign investment into India.

Even to the extent that there has been a real increase in socially beneficial activities, the spending has not gone to democratically determined priorities, but rather to whatever the companies prefer to emphasize. Of the nine different schedules prescribed by The Companies Act, two schedules: combating various diseases and promotion of education accounted for 44% of the total CSR expenditure, while reducing child mortality received no funding and eradicating extreme hunger and poverty received only 6% of the total CSR expenditure. Given that about 50% of children in India are malnourished due to pervasive poverty, it is unlikely that the above allocation of resources reflects the democratic will of the Indian people. It is the government’s responsibility to determine high-priority needs of society and target public expenditure in these areas. With the CSR law, the government has abdicated one of its primary functions.

There is also an issue of geographic equity. Five states: Maharashtra, Gujarat, Andhra Pradesh, Rajasthan and Tamil Nadu account for well over one-quarter of all CSR spending. Towards the bottom of the list are Nagaland, Mizoram, Tripura, Sikkim and Meghalaya—all from the NorthEast. This, of course, reflects the inclinations, interests, and priorities of the business sector. But, it is the responsibility of the government to help achieve a more egalitarian society.

CSR is a controversial idea with many executives, academics and officials on both sides of the issue. Thus, it is not surprising that the Indian law does not clearly define CSR for the purposes of expenditures. The law lists only a few genres of CSR activities: “eradicating extreme hunger and poverty”, “promotion of education”, and “social business projects”. This is much too vague to work as a legal definition. It is not surprising that the law does not even discuss, let alone define, an enforcement mechanism or penalties for non-compliance.

The CSR law is inherently contradictory. CSR is fundamentally an inspirational exercise, and it is very difficult to legislate aspirations. Laws only set minimum standards, but do not create an impetus for positive action. For example, it would be difficult to require that companies build “excellent” schools; the legal requirement can be met merely by spending money on education.

Inequality in India, which was already high, has increased even more. The CSR law does not go far enough in reducing inequality and helping the disadvantaged. Without a coercive enforcement mechanism, it is unlikely that the law will result in widespread compliance and real effectiveness. In other words, “required” CSR will remain largely voluntary, but give the illusion of progress. This is “greenwashing” on a national scale!

India is the first country to require companies to expend resources on CSR. There is sound logic behind why other countries have not done this, and India should not either. THE BILLION PRESS

Aneel Karnani is professor of strategy and international business at the Ross School of Business, University of Michigan.

Comments are welcome at

First Published: Mon, Dec 12 2016. 11 50 PM IST

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Parliament to debate proposed law to control gambling industry

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A new Bill containing strict regulations to control the multi-billion-shilling gambling industry, including saving families from the agony of having a breadwinner blow away entire savings, is set to be debated in Parliament.

The Betting, Lotteries and Gaming (Amendment) Bill also seeks to limit the number of gaming premises in a certain location, bans advertising of gambling and imposes heavy fines against companies that allow minors to bet, in a bid to bring some sanity to the largely uncontrolled industry.

In an attempt to monitor the revenues of gaming companies, the Bill provides that all funds made from gambling be deposited in a bank account, apparently for taxation and to curb money laundering.

The Bill by Gem MP Jakoyo Midiwo, provides for a family member to apply to the Kenya Betting Control and Licensing Authority to have an individual be marked as an “excluded person”, meaning the fellow is barred from gambling to ensure that he does not squander family resources.

The Bill tabled in the National Assembly last week, also states that some of the individuals for whom gambling may be restricted, unless they apply in writing to have the ban reconsidered, include those for whom the applicant has a duty to care, or “whose behaviour manifests symptoms of addictive or compulsive gaming”.


The Bill comes in the wake of unprecedented growth in sports betting, with some companies taking advantage of fast Internet connection across the country, and popularity of European football leagues, to rake in billions, creating joy for winners and misery for losers.

Online gaming, mostly popular with youth, in which leading companies such as SportPesa, Betin Kenya, Metway, mCheza, among others, offer platforms for users to predict scores of mostly European football leagues, will only be allowed to place a bet of no more than Sh200, should the Bill become law.

The companies, which make millions daily by allowing millions of Kenyans to place a bet in the hope of winning a jackpot running into millions of shillings, will also be prohibited from using mobile money platforms to receive or make payments to winners.

Instead, gamers will be required to open bank accounts and get registered in a national database as participants.

The enormous growth of the sports betting industry became apparent after one of the leading Kenyan firms signed a sponsorship deal with an English Premier League team, Hull City, for Sh6 billion, and gave more in local sponsorship, creating concern over the amount of money by lost by bettors.

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EPA Names The First Ten Chemicals To Be Evaluated Under The Revised TSCA Law Amidst Concerns Over The Agency’s Future

On November 29th, the US Environmental Protection Agency (EPA) named the first chemicals that are going to be reviewed for safe use under the revised Toxic Substances Control Act (TSCA) legislation. The list includes 1,4-dioxane, 1-bromopropane, asbestos, carbon tetrachloride, cyclic aliphatic bromide cluster, methylene chloride, N-methylpyrrolidone, pigment violet 29, tetrachloroethylene, and trichloroethylene. These ten substances were selected from the EPA’s 2014 TSCA Work Plan; this list consisted of 90 chemicals understood to have a high hazard potential. The EPA now has six months to issue a scoping document for each chemical that will include hazards, exposures, conditions of use, and potentially exposed or susceptible populations that the agency will consider during its risk evaluation of the chemical (which the EPA is obligated to complete within three years).

These developments are newsworthy on their own, but the December 7th announcement by US President-elect Donald Trump that he has chosen Oklahoma attorney general Scott Pruitt to run the EPA adds an in an extra twist. Pruitt has been a career-long opponent of the EPA, arguing that the agency has continually infringed upon states’ rights, most recently via President Obama’s climate change policies which seek to limit emissions from fossil fuel plants. The reaction from inside the political arena has been what one would expect – Democrats believe the selection marks a tragedy for America’s air and water, while republicans believe this is major victory for America’s energy jobs and state authority.

Will this appointment slow down TSCA’s momentum? Probably not. TSCA saw strong bipartisan support in congress, and Oklahoma Senator, Republican Jim Inhofe, who also happens to be the Chairman of the US Senate Committee on Environment and Public Works, is confident that Trump will not hinder the implementation timelines of the new law. This is good news for providers of product stewardship software and services, as new TSCA stipulations should mean a small bump in business for software firms such as 3E, ChemADVISOR, and SiteHawk (see Verdantix Smart Innovators: Product Stewardship Solutions) and services firms with a focus on product stewardship such as ERM (see Verdantix Green Quadrant Environmental Services (US) 2016) as corporates try to clear up any confusion and ensure compliance. For broader EH&S management, this reaffirmation serves as a message that, even under a Trump administration, the regulatory burden of new chemicals regulations will continue its upward trajectory.

Verdantix Ltd. published this content on 12 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2016 17:30:07 UTC.

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Pomerantz Law Firm Announces the Filing of a Class Action against Rio Tinto plc and Certain Officers – RIO


Pomerantz LLP announces that a class action lawsuit has been filed against Rio Tinto plc (“Rio Tinto” or the “Company”)

RIO, +0.85%

and certain of its officers.   The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-09572, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Rio Tinto American Depositary Receipts (“ADRs”) between March 16, 2012 and November 14, 2016, both dates inclusive (the “Class Period”), seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Rio Tinto ADRs during the Class Period, you have until February 10, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at   To discuss this action, contact Robert S. Willoughby at or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

Rio Tinto, a mining and metals company, finds, mines, and processes mineral resources.  The Company mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal.  Rio Tinto has operations in Australia, North America, Asia, Europe, Africa, and South America.  At all relevant times, Rio Tinto has held a significant stake in the Simandou iron mine, located in southern Guinea. 

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) Rio Tinto violated anti-corruption laws in connection with its operations with respect to the Simandou project; (ii) the foregoing violations would expose the Company to significant scrutiny and large fines; and (iii) as a result of the foregoing, Rio Tinto’s public statements were materially false and misleading at all relevant times.

On November 9, 2016, Rio Tinto announced that on August 29, 2016, “Rio Tinto became aware of email correspondence from 2011 relating to contractual payments totalling US$10.5 million made to a consultant providing advisory services on the Simandou project in Guinea,” that the Company had suspended Energy & Minerals chief executive Alan Davies, and that the Company’s Legal & Regulatory Affairs group executive Debra Valentine had resigned from her role.

On November 14, 2016, post-market, Bloomberg News published an article entitled “Rio CEO Says Staff ‘Shocked’ by Probe That May Take Years.” On this news, as the market processed the significance and scope of the investigation that the Company faced, Rio Tinto’s ADR price fell $1.52, or 3.83%, to close at $38.13 on November 15, 2016, the following trading day.

On November 15, 2016, post-market, Rio Tinto announced the termination of Mr. Davies and Ms. Valentine.  On this news, Rio Tinto’s ADR price fell $0.77, or 2.02%, to close at $37.36 on November 16, 2016.

On November 18, 2016, pre-market, Bloomberg News reported that Guinea’s Mines and Geology Minister, Abdoulaye Magassouba, had written a letter to Rio Tinto’s Chief Executive Officer, Jean-S�bastian Jacques, asking him to provide details of the internal inquiry.  On November 18, 2016, pre-market, Bloomberg News also published an article entitled “Rio Tinto Offered Bribe for Mine, Ex-Guinea Minister Says,” reporting that the head of Rio Tinto’s Guinea operation had offered the country’s former mining minister a bribe in connection with the Simandou project.

On these disclosures, Rio Tinto’s ADR price fell $1.01, or 2.69%, to close at $36.55 on November 18, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See 

 CONTACT: Robert S. Willoughby Pomerantz LLP 

Copyright (C) 2016 GlobeNewswire, Inc. All rights reserved.

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eNCA | Hong Kong arrests 29 staff from 5 financial firms in bribery probe

HONG KONG – Twenty-nine current and former staff of five financial firms, including four banks, have been arrested in Hong Kong for alleged bribery related to the disclosure of confidential customer information, the Independent Commission Against Corruption (ICAC) said on Monday.

All the arrested have been released on bail, but the probe is continuing, the Asian financial hub’s anti-graft body said in a statement, adding all the financial institutions were cooperating with its investigation.

It did not name the institutions or individuals involved.

READ: China factory-gate inflation hits 5-year high

Without citing a source, Hong Kong-based tabloid Apple Daily reported some staff from Singapore bank DBS allegedly bribed department managers to get client data, including names and contact details, with which to market loans.

“DBS Hong Kong takes our obligations to curtail financial crime very seriously and the bank will cooperate fully with any law enforcement agency on their investigations. This includes informing authorities when we become aware of matters which require their attention,” DBS said in a statement.

“Based on information known to us, some news reports on the matter have inaccuracies. As the case is still under investigation, we are unable to comment further,” DBS said.

The investigation began after a corruption complaint and led to the arrests of three managers and 18 serving and former direct sales representatives of a bank, said the ICAC statement posted on its website.

The arrested executives included a manager and five serving and former employees of three other banks, and two employees of a finance company.

“Enquiries revealed that the bank managers might have accepted bribes from other arrestees as rewards for divulging confidential customer information to the latter in Hong Kong for touting personal loan business,” the ICAC said.

The ICAC was set up in 1974 to root out corruption in Hong Kong. It acts as a law-enforcement agency, able to arrest and detain suspects, and prosecutes cases in conjunction with advice from the Department of Justice. 


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EB5 Affiliate Network and Klasko Law Announce Innovative EB-5 Project Risk Assessment Tool for Investors

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SOURCE EB5 Affiliate Network

NEW YORK, Dec. 12, 2016 /PRNewswire/ — EB5 Affiliate Network (EB5AN), a leading EB-5 regional center and EB-5 service provider, announced their collaboration with Klasko Immigration Law Partners (Klasko Law) in developing an EB-5 Project Risk Assessment Tool for EB-5 investors. The Project Risk Assessment Tool provides needed transparency and insight into project diligence and selection by giving investors a targeted list of questions that offers guidance on the key immigration and financial risk factors of potential EB-5 projects.

Photo –

The tool contains 36 multiple-choice questions and features a visual project risk assessment with an easy to understand immigration and financial risk chart.

Click Here for a Free Download of the EB-5 Project Risk Assessment Tool for EB-5 investors

Jointly developed with Klasko Law, the Project Risk Assessment Tool combines the EB-5 financial and real estate development experience of EB5AN with the unparalleled EB-5 immigration law expertise of Klasko Law. The result is a highly functional, easy-to-use tool that guides investors through the initial diligence of EB-5 projects from both financial and immigration risk perspectives.

Of the Project Risk Assessment Tool, EB5AN Managing Partner Tim Shih said, “We are proud to be working together with Klasko Law in making the EB-5 industry more transparent, and it is my sincere hope that the Project Risk Assessment Tool becomes a necessary first step for EB-5 investors to understand the projects in which they plan to invest.”

“Knowing what questions to ask is critical to understanding EB-5 projects and the risks involved,” said Ron Klasko of Klasko Law. “We remain committed to our investor clients in ensuring they are properly informed of all aspects of their investments, and working with EB5AN to develop the Project Risk Assessment Tool is fully aligned with this objective.”

About EB5 Affiliate Network, LLC: EB5AN owns and operates 15 USCIS-approved regional centers with a geographic coverage area of 21 states. In addition to its regional center services, EB5AN is also a leading provider of EB-5 project consulting and regional center affiliation services. EB5AN is composed of a unique, international team from a diverse set of institutional backgrounds in both law and finance, including business strategy, private equity, securities, and real estate.

About Klasko Immigration Law Partners: Klasko Immigration Law Partners, LLP, provides top-tier legal services to EB-5 investors, regional centers, and developers. Its EB-5 team is one of the largest and most respected in the country, and its compliance team is the first of its kind. The EB-5 Practice Chair, H. Ronald Klasko, is serving his fifth term as Chair of the EB-5 Committee of the American Immigration Lawyers Association and chaired the IIUSA Best Practices Committee. For the past eight years, the firm has been selected as one of the top five business immigration law firms in the United States by the prestigious Chambers Global: The World’s Leading Lawyers for Business (Chambers and Partners).

Media Contact: 
Joseph Girton
Phone: 310-488-1061 

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Twitter Blocks Law Enforcement’s Access To Monitoring Tool

twitter_logoOn social media platforms like Twitter, Facebook, and Instagram, the use of #hashtags is to create searchable posts. For example hashtagging “#BlackLivesMatter” allows users to create a group of posts that share the same tag, making it easier for other users to search for content on the vast networks.

However it seems that law enforcement has been using software to look out for such keywords as a means to monitor the activities of protesters/activists, something that Twitter doesn’t seem to be too happy about, which is why according to a report from the Daily Dot, the social network has basically cut off access to the API being used by monitoring software created by Media Sonar.

Prior to this, the Daily Dot reports that Twitter had also cut off access to other social media monitoring firms such as Geofeedia and Snaptrends. However in the case of Media Sonar, the company has been selling surveillance software to police departments across the US for the past few years.

Twitter also states that should the company attempt to create other API keys, Twitter will be terminating those as well and take “further action as appropriate”. This is because using Twitter’s data feed for spying and surveillance is considered a violation of the service’s developer agreement, as previously stated by the company.

Filed in General. Read more about privacy and Twitter.

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