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January 17, 2025 | The Recorder

‘Extremely Disturbing’: AI Firms Face Class Action by ‘Taskers’ Exposed to Traumatic Content

"Each of the plaintiffs has suffered mental and emotional trauma from being exposed to depraved content in service of Scale AI’s various projects." — Glenn Danas, lead counsel for the plaintiffs
5 minute read
January 17, 2025 | Corporate Counsel

FTC Sues PepsiCo for Alleged Price Break to Big-Box Retailer, Incurs Holyoak's Wrath

"Today's complaint against Pepsi is wholly deficient, not only because the pleadings fail to state a claim, but because the Majority rushed the case out the door before it had evidence to support the allegations," wrote Federal Trade Commissioner Melissa Holyoak.
5 minute read
January 17, 2025 | Corporate Counsel

Amex Latest Target as Regulators Scrutinize Whether Credit Card Issuers Deliver on Rewards Promises

“Issuers need to think about rewards programs with the same level of rigor as they do for things like interest rates and fees. That means ensuring marketing claims are accurate, redemption processes are clear, and systems are in place to handle technical issues," said A.J. Dhaliwal, a partner at Sheppard Mullin.
6 minute read
January 17, 2025 | Corporate Counsel

Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe

In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting or denying any wrongdoing.
2 minute read
January 17, 2025 | National Law Journal

Supreme Court Upholds Law Requiring TikTok's Divestiture or Shutdown

The justices rejected TikTok’s challenge to a law requiring that the app be sold or shut down by Sunday, holding that it does "not violate petitioners’ First Amendment rights."
4 minute read
Law Journal Press | Digital Book America Invents Act (AIA) Handbook: A Guide to the Patent Law Reform of 2011, The, 2015 Edition Authors: Mary Anthony Merchant View this Book

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January 16, 2025 | Corporate Counsel

MLB's Texas Rangers Search for a New GC and a Broadcasting Deal

Two years after capturing a World Series title, the Texas Ranger are searching for a new general counsel to lead its legal department as it struggles to find a partner to broadcast its games.
3 minute read
January 16, 2025 | Corporate Counsel

Sonos' Legal Chief Sees Pay More Than Quadruple Amid Executive Upheaval

Eddie Lazarus has shown himself to be versatile as a general counsel. Besides also serving as chief strategy officer, Lazarus had been an on-and-off chief financial officer between 2022 and early last year.
3 minute read
January 15, 2025 | Corporate Counsel

FTC Chair Lina Khan Sues John Deere Over 'Right to Repair,' Infuriates Successor

Incoming Federal Trade Commission Chair Andrew Ferguson blasted Democratic commissioners for suing Deere & Co. while regulators were in negotiations with the company to address farmers' complaints.
6 minute read
January 15, 2025 | The Recorder

‘Facebook’s Descent Into Toxic Masculinity’ Prompts Stanford Professor to Drop Meta as Client

Mark Lemley said he could not “in good conscience” represent Mark Zuckerberg given recent decisions to "encourage disinformation and hate speech" on his company's platforms. A suit pending in Northern California alleges Meta infringed the copyrights of several authors by using their works to train its generative AI program.
6 minute read
January 15, 2025 | The Recorder

Kraken’s Chief Legal Officer Exits, Eyes Role in Trump Administration

“Just think about all the tough stuff that warrants a division of seventy full-time, stone-cold Socratic assassins,” Marco Santori, the outgoing chief legal officer for Kraken Digital Asset Exchange, said about his time at the crypto exchange.
3 minute read

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