A big shareholder could outgun board in bill headed to Delaware governor

Corporate law scholars are concerned the bill will build into law a trend in which a founder or other key shareholder uses an agreement to exercise company control.

Gen AI and attorneys aren’t (yet) working well together, survey finds

Lawyers were the most dissatisfied with generative AI results among corporate work groups, according to a quarterly Bain survey.

Supreme Court term showed justices’ ‘project’ to reallocate power, lawyers say

The court disrupted regulatory agencies with its major business rulings, although federal courts may need to offer new stability, according to a legal panel.

With Silicon Valley help, Leya carves an AI legal assistant niche outside the U.S.

The Sweden-based company is making a push into the Spanish-language legal landscape, where generative AI companies have less of a presence. 

Tractor Supply may have thought it solved a big problem. Now it has a few more.

The retailer retreated from its diversity and climate goals after an “anti-woke” protest on social media — and ignited a backlash.

Archegos founder found guilty of fraud, market manipulation

Bill Hwang was found guilty of 10 out of 11 criminal counts, while former CFO Patrick Halligan was found guilty of all three counts he faced, including fraud and racketeering.

76% of SaaS companies use ‘dark patterns,’ analysis finds

With federal regulators and states clamping down on the practice, companies might take a hard look at how they’re presenting information on their websites and in their apps.

AI policy, compliance leave lawyers more skeptical than executives: survey

North America has so far adopted an “innovation-friendly” approach to AI regulations compared to countries in Europe and Asia, a report finds.

Neutralizing the language barrier in international cases

In-house counsel can do front-end legal work on their own by leveraging tools that understand cultural nuances, a champion of one such tool says.

First Citizens’ poaching claims against HSBC largely dismissed

A judge allowed claims alleging theft of trade secrets and breach of contract to proceed. First Citizens claimed an SVB alum hatched a plan to persuade more than 40 employees to follow him to HSBC.

SEC’s ESG greenwashing, human capital disclosure rules pushed to October

The Securities and Exchange Commission’s delayed rulemaking timeline comes against a backdrop of increased scrutiny on ESG-related regulations.

NFL says multiple errors mar $4.7B Sunday Ticket jury award

The federal jury’s “speculation and guesswork” on damages plus mistakes by the court require a new trial, the league argues.

Risk escalates as communication channels proliferate

The chance of losing data to a breach rises in tandem with the number of channels — like email and file sharing — that an organization uses.

Boeing would become a felon under DOJ plea deal

The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.

The DOJ shouldn’t re-write antitrust law out of AI fears

Congress and regulators are setting their sights on algorithm-implementing emerging AI technologies. It’s important to remember that it takes unlawful behavior, not tools, to violate antitrust laws.

Loper Bright and Corner Post not the wins companies think they are, legal expert says

The decisions create regulatory uncertainty that is toxic to business planning, says Todd Baker of Columbia Law School and a former big bank strategic planner.  

Hybrid work is now the norm, but attendance requirements rarely enforced: CBRE

Average turnover rates are highest for firms that are fully remote compared with those that are fully in-office or other approaches, a survey of more than 340 U.S. companies found.

Discover to settle card misclassification class actions for $1.2B

The card company has warned it could face further financial toll related to the issue, in which it overcharged merchants for years.

Judge orders partial stay of FTC noncompete ban

The agency likely overstepped its authority in issuing the substantive rule, Judge Ada Brown of Texas federal court ruled. It also likely acted arbitrarily and would cause irreparable harm to the plaintiffs.

Regulatory uncertainty ahead as SCOTUS rulings give companies incentive to sue government

The rulings also mean regulators won’t be able to tilt toward the president’s political sentiments as much as in the past, legal experts say. 

Former Apple lawyer fined 10% of personal net worth for insider trading

Gene Levoff, who oversaw the company’s insider trading compliance program, pleaded guilty four years ago. The $1.15M fine comes on top of $604,000 in forfeited profits and avoided losses.

Labor Dept’s ESG rule trial to serve as litmus test for Chevron decision

A lower court’s dismissal of a challenge to the rule cited the now-overturned Chevron doctrine, though the agency believes the rule will survive.

Chevron ruling adds new wrinkle to US cybersecurity efforts

The Supreme Court decision could have major ramifications for federal agencies that rely on old laws to tackle digital-era policy challenges, legal analysts said.

Silvergate pays $63M to settle with SEC, Fed, California regulator

The company and two of its executives settled allegations against them. Silvergate’s former CFO, however, did not, and eyes a civil trial.

Novant axes hospital deal after FTC pressure

The agency has likely exacerbated the problem it’s trying to solve by leaving an under-resourced business with no lifeline to save it, critics say.