The Latest
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Jury rejects DOJ claim, finds employers not guilty in criminal no-poach case
The agency claimed four home healthcare providers colluded to restrict worker mobility in the early days of the COVID-19 pandemic.
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FTC ups company legal peril with expanded negative option rule
The proposed rule to curb subscription abuses applies prohibitions to more types of opt-outs and also could pull in misrepresentations in the products or services themselves.
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Longtime Portland Trail Blazers GC says relationship-building was key
In-house legal leaders don’t always need to play hardball to produce positive results, according to Ben Lauritsen, who worked in the NBA for 13 years.
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"1099 14th Street – National Labor Relations Board" by Geraldshields11 is licensed under CC BY-SA 3.0
NLRB GC says recent severance decision applies retroactively
The general counsel’s March 22 memo addresses key questions in the aftermath of the NLRB’s McLaren Macomb decision.
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Coinbase faces SEC enforcement action over staking services
“Coinbase runs a rigorous asset review process and has rejected more than 90% of assets that have applied to be listed on the platform,” CEO Brian Armstrong tweeted Wednesday.
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Legal ops chiefs in large departments receive higher pay
Some in-house legal ops leaders report making $500,000 or more in total compensation, according to a Brightflag survey.
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Privacy laws create tussles over contract liability limits
Customers increasingly want companies to assume liability over data issues but how much is reasonable is negotiable, in-house counsel say.
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Opinion
Knowing how to push back is key to negotiating commercial agreements
If you care about five points, try to push back on at least eight matters. That provides room to give in on the three or four extraneous items.
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Women eclipsed men in Fortune 500 GC appointments last year
The ethnic diversity of legal chief selections at large companies also rose to a record level in 2022, according to a Russell Reynolds Associates report.
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SVB Financial says FDIC has $2B of its cash
It likely won't have access to the cash, which would be used to pay back creditors, for months.
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EEOC raises fine for notice-posting violations to $659
Employers must place notices where workers will see them — often at a physical location, online or both, according to the agency.
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FTC strikes again on noncompetes
The Federal Trade Commission continues to challenge companies’ use of the agreements as unfair practices under Section 5 of the FTC Act.
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How legal teams are tapping flexible talent amid tight budgets
Litigation and claims management professionals are in high demand on Consilio’s TalentConnect platform, as are contracting pros.
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Software vendors race to bet on ChatGPT craze
Microsoft recently said it was planning to bring ChatGPT-like features to Microsoft 365 and Salesforce has unveiled a ChatGPT app for its Slack business messaging platform.
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Cybersecurity market confronts potential consequences of banking crisis
Bank seizures impose new challenges on vendors in every segment and may spur consolidation.
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Why legal teams got involved with the SVB response
In crisis situations, in-house counsel are often called upon to help review contracts and assist with communications.
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Keeping emotion out of trade secret theft claims
Having someone other than the CEO recommend a course of action can help the decision-making process.
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Opinion
How AI can improve modern contract management
DocuSign’s legal chief highlights that the more interconnected a contracting workflow is, the more opportunities AI has to learn from the system and accelerate individual steps.
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Preparing for DOJ’s compensation pilot without going out on a limb
Companies can show the agency they’re prepared to tie compensation to compliance while leaving the toughest details to when it’s involved in an enforcement action.
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Jury can ‘watch the watchmen,’ hear claim EEOC underpaid Black woman
The commission typically handles workplace bias claims but is uniquely not in a position to do so in this case, a judge said.
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SEC proposes cybersecurity disclosure rules for financial industry specialists
The changes would require broker-dealers and other entities to adopt written plans to minimize risk and promptly disclose major incidents.
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Rules could limit creditors’ gains if SVB parent files for bankruptcy
Regulators could use sale proceeds to help pay depositors, limiting proceeds from the sale of healthy SVB Financial Group assets, reports say.
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SVB’s parent company files for bankruptcy protection
The move will allow SVB Financial Group “to preserve value as it evaluates strategic alternatives” for venture-capital business SVB Capital and broker-dealer SVB Securities, the company said.
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Legal departments are often slow to respond, internal teams say
More enterprise employees are bypassing in-house legal teams as the quality of their interactions has declined, according to a report from Onit.
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FLSA permits employers to dock PTO for productivity shortfalls, 3rd Cir. says
Such deductions don’t run afoul of the law because they don’t reduce workers’ salaries, the appeals court said Wednesday.