Compliance
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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 Robert Freedman • March 26, 2024 -
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 -
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 Robert Freedman • March 19, 2024 -
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 Robert Freedman • March 18, 2024 -
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 -
$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 Robert Freedman • March 4, 2024 -
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 Lyle Moran • March 1, 2024 -
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 -
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 Lyle Moran • Feb. 22, 2024 -
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 Lyle Moran • Feb. 21, 2024 -
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 Robert Freedman • Feb. 20, 2024 -
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 Robert Freedman • Feb. 16, 2024 -
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 Lyle Moran • Feb. 14, 2024 -
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 Lyle Moran • Feb. 13, 2024 -
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 -
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 -
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 Robert Freedman • Jan. 31, 2024 -
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 Lyle Moran • Jan. 31, 2024 -
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 -
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 -
Opinion
EU ESG due diligence directive set to take effect
Final approval of the regulatory action is expected to happen soon. When it does, U.S. companies doing $300M in EU business must show they're meeting sustainability and other goals.
By Neil D’Souza • Jan. 24, 2024 -
Conservative approach called best way to meet independent contractor test
Erring on the side that your workers are employees, not independent contractors, is the safest way to protect against challenges under the upcoming 6-prong federal rule.
By Jessica Mach • Jan. 23, 2024 -
Opinion
Five takeaways for chief legal officers from Biden’s executive order on AI
Staying informed, proactive and adaptable will allow in-house legal teams to more easily navigate the complex landscape and harness the power of AI responsibly and effectively.
By Eric Gorman, Jill Fukunaga and Jeff Isaacs • Jan. 19, 2024 -
Importance of boards before, during and after a cyber incident
The best practice is to get members of the board involved at the right time.
By Robert Freedman • Jan. 11, 2024 -
Cloud concentration poses challenges for businesses, survey finds
“The risk associated with cloud concentration is fast losing its ‘emerging’ status as it is becoming a widely recognized risk for most enterprises,” a Gartner director said.
By Lyle Moran • Jan. 10, 2024