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Rule 10b-5 Liability, Part 3: The Second Circuit and 'Rio Tinto'
In the first two installments in this series, the author discussed Janus Capital Group, Inc. v. First Derivative Traders, and Lorenzo v. S.E.C., both essential to understanding S.E.C. v. Rio Tinto, the Second Circuit's most recent holding regarding Rule 10b-5 "scheme" liability, discussed here.Remembering Judge Waxse, a Champion of Cooperation in E-Discovery
The Honorable David J. Waxse, a titan of e-discovery jursiprudence, passed away earlier this month.First Circuit Certifies Questions to Massachusetts High Court Over Casino Land Contract
"As to the legality of the contract, it is unclear as a matter of law whether the contract is indeed illegal because that matter rests on unresolved issues of Massachusetts law," stated Judge Gustavo A. Gelpí. "We must underscore that the issues before us involve important questions of state law and public policy with significant implications, not only for the parties before us, but also for other industries in the state, such as online gambling and horse racing, among others."Boutique Firm BNH.AI Launches AI Bias Calculator Ahead of New NYC Law
Microwave is boutique firm BNH.AI's first publicly available—and free—tool that tests for bias in AI algorithms. Organizations can test their AI models for demographic labels ranging from race, ethnicity or sex, among others.View more book results for the query "*"
Big Law Does Mid-Market Firms 'Huge Favor' By Stepping Away From Routine Legal Work
"At some point, [Big Law] decided they didn't want to do the day-to-day work of corporations, just bet-the-company type stuff," Wendy Bernero, chief growth officer of software provider Page Vault, said at a LegalWeek panel on the state of mid-market firms. "The gift they gave to middle-market firms was the day-to-day work."Dorchester Mutual Insurance Company v. Krusell
The question before the Supreme Judicial Court of Massachusetts was whether a personal injury suit arising out of a single push by an insured was "abuse" within the meaning of the abuse and molestation exclusion in the insured's homeowners policy.Dorchester Mutual Insurance Company v. Miville
The justices of the Supreme Judicial Court of Massachusetts debated whether a single instance of conduct by an insured qualified as "abuse" that would be excluded from coverage under a homeowners policy.A Cautionary Tale About Clever Clients and AI
After Alisha McCarthy, a partner at Harris St. Laurent & Wechsler, recently couldn't find any caselaw going her client's way, the client came back with four citations that were "100% on point." The problem? His source was ChatGPT and the cases were made up.Trending Stories
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Employee Happiness Playbook: The 3 R's for Business Success in 2024
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The Positive Impact of AI at Small Law Firms: 4 Key Insights
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Will Generative AIs Transform Legal Services? Defensibility and Security Must Be a Focus
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