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June 07, 2024 | New York Law Journal

New York Attorney General Sues Over Alleged $1 Billion Crypto Fraud

The lawsuit, filed in Manhattan state court, claims the defendants preyed on people's faith, focusing on Haitian and other immigrant communities. Victims were targeted through prayer groups and through social media, sometimes in Creole, according court papers.
3 minute read
June 06, 2024 | The Recorder

Coinbase Hit With New Securities Class Action Amid Battle With SEC

A proposed class action, filed by Rosen Law Firm, accuses the crypto exchange company Coinbase of selling unregistered digital asset securities on its platform and failing to register the company as a broker-dealer with the SEC and state regulators.
3 minute read
June 06, 2024 | Legaltech News

3 Key Things to Know About the New Colorado AI Act

While the Colorado AI Act might be the first of its kind, attorneys note that companies won't have to start from scratch when it comes to getting their compliance in order.
3 minute read
June 06, 2024 | Legaltech News

Ontario Bar Association Launches Innovator-in-Residence Initiative to Boost AI Use in Everyday Practice

Legal tech guru Colin Lachance will be the association's innovator-in-residence, leading a year-long program to get lawyers to better understand and implement artificial intelligence.
8 minute read
June 06, 2024 | Legaltech News

Suffolk Law School, Wolters Kluwer Partner for Gen AI Prompting Challenge

The competition among Suffolk Law students, who used the VitalLaw research database, is likely to help Wolters Kluwer plan how and where it uses generative AI in its platforms, while giving the students first-hand experience with the novel technology.
6 minute read
June 06, 2024 | National Law Journal

As US Antitrust Enforcers Target AI Firms, Legal Experts Predict Lawsuits Will Follow

"They want to maintain their reputations for being very aggressive," law professor Thom Lambert said of the Federal Trade Commission and Department of Justice agreeing to target top AI firms on antitrust grounds. "My guess is this seals the deal: These companies are going to get sued."
5 minute read
June 06, 2024 | Legaltech News

Judges React to 11th Circuit's Gen AI Use: 'Creative,' Occasionally 'Misleading,' and 'Brave'

While some judges appreciated Judge Kevin Newsom's transparency in exploring generative AI in legal work, others thought his adventurousness was premature.
7 minute read
June 06, 2024 | Legaltech News

Sirion Acquires Eigen Technologies to Expand Capabilities and Financial Services Footprint

Sirion noted that the deal will allow it to expand its data extraction capabilities to more documents beyond contracts.
2 minute read
June 06, 2024 | Legaltech News

As Privacy Laws Protecting Minors Fast Evolve, Orrick Releases 'Online Safety Resource Center'

The new resource center, which offers an interactive state-by-state regulatory tracker of laws protecting minors' data online, as well as articles and videos, follows the success of a similar web-based resource hub, Orrick Tech Studios.
5 minute read
June 06, 2024 | Corporate Counsel

'This Is Your Time': AI Gives In-House Counsel Unprecedented Leverage

In a keynote address at the Legal Innovators conference in San Francisco on Wednesday, industry expert Zach Abramowitz said in-house teams are well-positioned to drive innovation at their companies and disrupt the outside counsel relationship.
7 minute read

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