Compliance

  • AI washing, compliance, litigation
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    Opinion

    Compliance isn’t the only ‘AI washing’ risk

    Like regulators, private plaintiffs are going after companies whose artificial intelligence promises don’t match what their technology actually does. 

    By David Shargel • April 8, 2024
  • Ferguson and Holyoak join FTC
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    Column

    Direction change unlikely as FTC fills out roster

    The agency’s aggressive antitrust and consumer protection push is expected to continue as two Republican commissioners are seated after a year of Democratic-only leadership.

    By • April 5, 2024
  • The Corporate Transparency Act
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    zinkevych via Getty Images
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    Opinion

    Why the Corporate Transparency Act is in legal limbo

    Legal views differ on whether businesses should proceed as if the law applies or can safely disregard it while the government appeals a court ruling that deems it unconstitutional.

    By Craig E. Behrenfeld, Thomas R. Julin and Robert B. Lamm • April 3, 2024
  • Warner Bros. Discovery
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    Resignations head off antitrust action against Warner Bros. Discovery

    Two board members stepped down after learning the Department of Justice was looking into whether their roles at another company created competition concerns.

    By • April 2, 2024
  • Legal role in cybersecurity
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    Yudram_TA via Getty Images
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    Opinion

    Cybersecurity planning: A critical responsibility for in-house counsel

    For legal leaders, data protection can’t be treated as an afterthought; it must be understood as a foundational business principle.

    By Camilo Artiga-Purcell • April 1, 2024
  • EU antitrust enforcement, Apple, Meta, Alphabet
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    Sean Gallup via Getty Images
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    EU wastes no time leveraging competition law to go after Apple, Meta and Alphabet

    The regulatory body has launched an investigation to see if the tech companies are using their heft to give themselves a business advantage.  

    By • March 26, 2024
  • SEC Chair sits with an even expression
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    Federal appeals court pauses SEC climate rule implementation

    The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit of Appeals, as the first of multiple challenges yields action.

    By Lamar Johnson • March 19, 2024
  • AI washing
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    SEC fines companies $400,000 for false AI claims

    Federal agencies have been raising AI washing as an issue for a year. The SEC penalties are the first enforcement actions to stop it. 

    By • March 19, 2024
  • corporate leader integrity
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    How general counsel can create an integrity mindset in the executive team

    Success makes business leaders more susceptible to rationalizations, so the key is to make ethics top of mind before a compromising situation occurs, a legal leader says.

    By • March 18, 2024
  • transfer pricing tax
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    Opinion

    $29B Microsoft tax bill shows how big transfer pricing disputes can get

    General counsel can help their organization avoid expensive legal battles by ensuring their intercompany agreements align with their compliance policies.

    By Paul Sutton • March 15, 2024
  • EU fines Apple for app store music streaming
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    $1.95B Apple app store fine is headline grabbing but EU faces tough road collecting

    Several years ago the EU hit the company for unpaid taxes and the case is still winding its way through the courts.

    By • March 4, 2024
  • LegalOn Technologies' AI Revise software in action on a non-disclosure agreement
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    Courtesy of LegalOn Technologies
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    LegalOn Technologies releases contract editing tool featuring GPT

    The software will assist in-house legal professionals with quickly reviewing various types of contracts and will enable them to collaborate with colleagues, the company said.

    By • March 1, 2024
  • Murray v. UBS, protected reporting, SEC
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    Cristian Storto Fotografia via Getty Images
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    GCs urged to act before employees become whistleblowers

    By shifting the burden to employers, the Supreme Court’s Murray v. UBS ruling makes it crucial that executives not let employees feel ignored when they report concerns.

    By David Weisenfeld • Feb. 23, 2024
  • CCPA concept: a black computer keyword with a lock, a California shape and the text California consumer privacy act
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    Cristian Storto Fotografia via Getty Images
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    CalChamber seeks state Supreme Court review of privacy case

    The California Chamber of Commerce is advancing its argument that voters wanted a one-year gap between adoption and enforcement of updated regulations under the state’s landmark consumer privacy law.

    By • Feb. 22, 2024
  • A businessperson with a generative AI brain concept above his hand
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    chombosan via Getty Images
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    Legal teams advised to deploy GenAI in ways that benefit the business

    Regulatory compliance and contracting are two areas where legal’s use of generative AI could improve collaboration with other functions, an EY legal tech leader said.

    By • Feb. 21, 2024
  • illegal impersonation
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    FTC mulls making companies liable for enabling illegal impersonations

    Recent rulemaking aims at deepfakes, other deceptions, and also seeks to speed up equitable relief.

    By • Feb. 20, 2024
  • DOJ AI enforcement
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    Kevin Dietsch / Staff via Getty Images
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    DOJ plans to up penalties for misconduct involving AI

    The agency has launched a six-month initiative to assess how the technology impacts its work, but in the meantime it’s treating it like a stepped-up threat. 

    By • Feb. 16, 2024
  • A white computer keyword with a lock, a California shape and the text California Consumer Privacy Act
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    Cristian Storto Fotografia via Getty Images
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    California privacy agency can enforce updated regulations, court rules

    Businesses are urged to review their privacy practices to make sure they are in compliance with all elements of the California Consumer Privacy Act.

    By • Feb. 14, 2024
  • A compliance and regulation concept
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    61% of organizations faced regulatory proceedings in 2023, report finds

    Survey respondents said state and federal regulatory changes are contributing to fears about increased exposure to regulatory disputes, according to Norton Rose Fulbright.

    By • Feb. 13, 2024
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    CEO, CFO compensation clawback helps tech firm skirt SEC fine

    Two senior sales managers at Cloopen orchestrated a fraudulent scheme to prematurely recognize revenue on service contracts, according to the SEC.

    By Alexei Alexis • Feb. 7, 2024
  • Mark Cuban speaking on stage
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    Anna Webber via Getty Images
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    EEOC commissioner schools Mark Cuban on Title VII hiring practices

    In a series of tweets, Andrea Lucas noted that characteristics like race and sex “can’t even be a ‘motivating factor’” in hiring.

    By Ginger Christ • Feb. 1, 2024
  • Pay package lawsuit
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    Judge nixes Elon Musk’s record pay package as unfair to Tesla

    The high-profile CEO and the company’s board breached their fiduciary duty by allowing Musk, as a conflicted controller, to set his own terms.

    By • Jan. 31, 2024
  • Artificial Intelligence concept brain with CPU
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    MF3d via Getty Images
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    75% of legal chiefs plan to implement generative AI tools, survey finds

    Roughly two-thirds of GCs said they were comfortable with the use of AI for compliance monitoring, including 52% who said they were “very” or “extremely” comfortable.

    By • Jan. 31, 2024
  • SEC headquarters
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    "U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
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    Aon pays $1.5M SEC penalty over key return rate discrepancies

    Without admitting or denying the findings, Aon agreed to pay a civil penalty of $1 million and disgorgement and prejudgment interest of $542,187.

    By Maura Webber Sadovi • Jan. 29, 2024
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    76% of companies link pay to ESG performance in rising trend

    The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

    By Jim Tyson • Jan. 24, 2024