The Latest
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SEC cyber disclosure rules put CISO liability under the spotlight
Corporate officers can also be held personally liable for how they respond to data security issues, including through lawsuits from investors.
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Most workers use AI, usually without company safeguards
Workers are quickly adopting generative AI, and most of them believe the powerful tools do not threaten their jobs, a Conference Board survey found.
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Cyber, general liability insurance might cover GenAI risk
Use of protected data by generative AI could be covered by your cyber policy and IP claims like copyright infringement are typically covered by general liability insurance.
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22 Republican state AGs accuse a climate alliance of potential antitrust violations
The letter, led by Tennessee Attorney General Jonathan Skrmetti, alleges the Net Zero Financial Services Providers Alliance’s market influence could “deprive disfavored companies of economic opportunities.”
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Opinion
Maintaining compliance as SEC cracks down on encrypted messaging apps
Navigating enforcement actions and keeping up with regulatory expectations can help your organization benefit from use of the apps while keeping risks aligned with requirements.
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Opinion
DEI programs are under fire. Is yours the next target?
Poorly created and implemented DEI initiatives coupled with a lack of training can create significant liability for employers, according to Hunton Andrews Kurth LLP attorneys.
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Former PayPal leader joins Disney Parks as chief counsel
Louise Pentland starts at Disney amid its newly announced plans to spend $60 billion over 10 years to support its parks, experiences and products segment.
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Morgan Stanley faces $750M lawsuit over rail-line lending
Two private-equity firms accused the bank of breach of contract and fraud over the restructuring of a deal involving investments in a loan to high-speed rail operator Brightline Holdings.
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M&A slump drives 49% decline in sale leasebacks
This year’s slow mergers and acquisitions market is having a knock-on effect on certain commercial real estate deals.
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Generative AI provides significant boost to knowledge workers, study finds
Access to emerging AI resulted in higher-quality work and was particularly helpful for workers categorized as bottom-half-skill performers, a Harvard Business School study found.
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SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale
Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.
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DOJ’s Kanter can stay on Google antitrust case, judge rules
But the Department of Justice should nevertheless “think about” having the case against Google’s ad-sales dominance led by someone else, a federal judge said.
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Generative AI presents GCs with ‘generational leadership opportunity’
The emerging AI’s language-centric capabilities are much better suited to legal work than previous waves of technology, which should benefit legal departments.
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California set to require workplace violence prevention plans
Senate Bill 553, which the Legislature approved, would require most businesses to maintain logs on violent incidents.
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How to avoid violating CCPA when sharing employee data
If companies don’t have the right contractual arrangements with their vendors, sharing data could be construed as a sale.
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Drafting contracts, flagging risk called top legal GenAI uses
Although the tools can introduce risk if they’re not set up and maintained with discipline, there’s risk to not deploying the tools if team members use them on the side, tech specialists say.
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Do employers need to pay for worker commutes?
A Biden memo on federal workers has raised new questions for the private sector.
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Opinion
What employers can do in a world without noncompetes
Forfeiture clauses are one tactic. They provide a meaningful disincentive for employees to engage in competitive behavior.
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Companies face Scope 3 emissions reporting in Calif. bill heading to Gov.
Calculating carbon released throughout a company’s entire supply chain will be difficult for small and mid-sized businesses, critics of SB 253 said.
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Retrieved from Orthofix on September 12, 2023
Orthofix ousts CEO, CFO, CLO, citing ‘offensive conduct’
An investigation conducted by an independent outside legal counsel found that the three executives had “violated multiple code of conduct requirements.”
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Opinion
How in-house attorneys can build strong networks
As you grow in your career, you’ll find that the more diverse perspectives you can gain, the faster and more meaningful your growth will be.
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Piracy websites at core of class action lawsuit against OpenAI
Plaintiffs accuse the generative AI company of going to websites that illegally make books available for free online to train its large language models.
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Walmart refused to provide deaf workers ASL interpreters, EEOC claims
The retailer instead relied on a supervisor with limited sign language capabilities to accommodate employees at a Kansas store, the agency said.
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Spirit Airlines curtails employee eligibility for FMLA leave, lawsuit alleges
A former flight attendant claimed the airline excluded most pre- and post-flight work time when calculating whether he and others met the law's hours-of-service requirement.
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New Moody’s general counsel starts tenure
Richard Steele, the longtime legal chief of the company’s Moody’s Analytics subsidiary, has deep experience in M&A and go-to-market efforts.