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June 12, 2024 | The Recorder

Social Media Companies Score a Win Amid Ongoing Youth-Addiction Claims

The Los Angeles Superior Court tossed four complaints by school districts in California, Rhode Island, Florida and Washington against Google, Meta, TikTok and Snapchat. The schools sought damages for costs associated with mental health problems caused by excessive social media use.
3 minute read
June 12, 2024 | New York Law Journal

Terraform, Do Kwon to Pay $4.5B in Penalties in Settlement Agreement With SEC

The SEC accused Kwon of fleecing investors for billions from 2018 until May 2022 through the purchase and sale of interconnected crypto assets.
2 minute read
June 12, 2024 | Corporate Counsel

SEC 'AI Washing' Crackdown Yields Charges Against Founder of Recruiting Firm

"It is critical for investors to beware of companies exploiting the fanfare around artificial intelligence to raise funds," SEC enforcement division director Gurbir Grewal said.
5 minute read
June 12, 2024 | Legaltech News

AAA Launches ClauseBuilder AI to Simplify Drafting of Arbitration and Mediation Agreements

The new tool, powered by OpenAI's GPT-4o model, offers more than 500 curated clauses intended to streamline the drafting of clear and effective alternative dispute resolution agreements across industries.
3 minute read
June 12, 2024 | Legaltech News

CARET Sells Flagship Product HotDocs to Mitratech

CARET, formerly known as AbacusNext, sees the strategic sale of its HotDocs product to Mitratech as an opportunity to focus on serving the needs of midsize law firms.
2 minute read
June 11, 2024 | National Law Journal

'Lawyers Are Always Responsible': 5th Circuit Discards AI Disclosure Rule After Pushback

A number of district court judges across the country have issued orders setting out disclosure requirements after a pair of New York lawyers were sanctioned last year for using fake, ChatGPT-generated case citations.
5 minute read
June 11, 2024 | Legaltech News

Australian Document Verification Startup Atticus Announces Almost $11M in Minority Investment

The investment is the first for the Melbourne- and London-based startup, which has relied on its own profitability and organic growth since its 2017 founding.
3 minute read
June 11, 2024 | New York Law Journal

Oppenheim & Zebrak Leads Lawsuit Against Google for Allegedly Promoting Pirated Textbook Materials in Ads

"Google operates a shopping marketplace that is essentially a thieves' den. It is rife with pirates, while excluding similar ads from legitimate sellers," Matthew Oppenheim, managing partner of Oppenheim & Zebrak, said in a statement. "Google has been told over and over again about the pirates, but puts its own profits ahead of the law."
3 minute read
June 10, 2024 | Legaltech News

CaseMark AI Announces $1.7M Seed Funding Round Led by Google-Backed Investment Firm

CaseMark is at least the third legal tech startup catch the attention of Gradient Ventures, owned by Google's parent company, over the past year.
2 minute read
June 10, 2024 | New York Law Journal

'A Bell That Cannot Be Unrung': Jeh Johnson Warns Against Threat of AI, Fake Info in Elections

Johnson, a partner at Paul, Weiss, Rifkind, Wharton & Garrison and former Secretary of Homeland Security, said AI presented risks as the country is approaching an election likely to come down to a few precincts in a few states.
3 minute read

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