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.Cooley to Defend Poppi Prebiotic Sodas in Consumer Fraud Class Action
On June 11, Cooley attorneys, including Michelle Doolin, a partner at the firm, and associates Darina Alexandra Shtrakhman and Vivienne Pismarov, entered an appearance representing Vngr Beverage, doing business as Poppi, following a May 29 class action accusing the company of using false and misleading marketing to trick consumers into purchasing the product, believing the drinks provide prebiotic gut benefits.Biden Picks Nominees for US District Judgeships in Pennsylvania, California and Minnesota
Biden is expected to formally submit his nominees to the U.S. Senate for confirmation hearings in the very near future, where the nominees appear to have immediate support from their home-state senators.In $1B Suit, Nikola Founder Says Legal Chief, Other Execs Fed DOJ False Narrative to Save Themselves
"Never has there been such an egregious case of corporate scapegoating at the expense of shareholders," former Executive Chair Trevor Milton alleges in the complaint.43 States Reach $700 Million Settlement With J&J in Talc Product Lawsuits
A $700 million settlement reached by Johnson & Johnson with attorneys general from 43 states prohibits the pharmaceutical company from manufacturing, selling or distributing its talcum-based body powder products, which are known to increase the risk for cancer, in the United States.9th Circuit Rejects Challenge to California's Worker Misclassification Law
Lawyers for Uber and Postmates argued that California's AB 5 unfairly holds the companies to a different standard than other app-based companies.Consumer Class Action Accuses Fabletics of Misleading Customers of 'VIP Membership Program' Value
The complaint, filed June 6 by counsel with the Miami-based Hedin Hall law firm, alleges that the athletic apparel company did not disclose a discrepancy between the actual value of its member privileges when advertising its "Promotional Member Credit" feature, which rolls members into an automatically-renewing $59.95 per month subscription.Seagate Technology Hires Former Senior Aramark Attorney as Legal Chief
The data storage giant is the third tech company where Jim Lee has been the top lawyer.Netflix Shareholders Give New Exec Pay Plan Thumb's Up After Panning Prior Version
"It is a positive step, but probably falls under the category of 'too little too late,'" former activist investor Rosanna Landis Weaver said.'Putting My Stamp on It': First GC of Waste-to-Energy Startup Excited to Have Clean Slate
"I looked at my career, and I said, 'Do I really want to be general counsel of a portfolio company that's been around for over 100 years?'" said Eric Stein, general counsel of Oberon Fuels.Trending Stories
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