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Corporate Counsel

Regulators Say AI Enforcement Sweeps Are Reining in Hucksters, Not Innovation

"We're going after companies making deceptive claims in the sale of particular products and services. And if you don't like that because it doesn't jibe with your, you know, techno-optimist, quasi-religious or accelerationist views about the tech, tough," said Michael Atleson, a Federal Trade Commission senior attorney.
7 minute read

The American Lawyer

K&L Gates Taps Morgan Lewis Lawyer for Asset Management Practice

New partner Sarah Riddell will focus on the Commodity Exchange Act and Securities and Exchange Commission compliance.
4 minute read

The American Lawyer

Proskauer Rose Investment Management Trio Jumps to Stradley Ronon

Stuart H. Coleman, David Stephens and William T. MacGregor are moving from an Am Law 50 firm to a 200-plus lawyer shop that punches above its weight in the investment management arena.
5 minute read

The Recorder

Critics Ramp Up Ongoing Battle With SEC Over Settlement 'Gag Rule' in 9th Circuit

The policy, enacted by the federal securities markets regulator in 1972, prohibits individuals and companies settling with the SEC from publicly admitting or denying the SEC's allegations against them. According to the NCLA, the rule is a First Amendment violation.
7 minute read

Corporate Counsel

SEC Enforcement Chief Grewal—Whose Hard Line on Crypto Tormented the Industry—Stepping Down

"The bottom line is that the SEC did what it needed to do in response to the scams in crypto," said Terrence Yang, a strategic adviser to Swan Bitcoin and a former senior counsel at Merrill Lynch.
4 minute read

Daily Business Review

'The Devastation Is Unthinkable': These Courts Still Closed After Hurricane

While Broward, Palm Beach, and Miami-Dade Counties were spared the brunt of Hurricane Helene, other locations to the north took a much harder hit.
2 minute read

Legaltech News

India-based Startup Jhana.AI, Which Offers an 'AI Paralegal', Raises $1.6M

The legal-tech startup, founded by former Harvard students, was backed by a number of investors, including a member of Open AI's Applied AI team.
2 minute read

Legaltech News

Swedish Legal Research Startup Qura Raises €2.1 Million

Qura is the latest in a growing line of EU-based legal research startups to announce investment this year.
3 minute read

Corporate Counsel

GameStop CEO Fined $1M for Failing to Disclose Wells Fargo Investment

By March 2018, Ryan Cohen had amassed more than $100 million in Wells Fargo shares, the threshold for disclosure under the Hart-Scott-Rodino Act. But he didn''t submit the required filing until January 2023.
3 minute read

New Jersey Law Journal

Plaintiff Can't Opt Out of $97 Million Securities Settlement, NJ Fed Judge Rules

The party seeking to opt out had argued that maintaining its own lawsuit separate from the class action should have provided a "reasonable indication" of its plans.
4 minute read

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