How Pure Storage’s legal team is using generative AI

The data storage company is testing out compliance use cases, and it’s hopeful AI can help reduce outside counsel spending and automate repetitive tasks.

By Lyle Moran • Aug. 8, 2023

C-suite execs waver on AI amid regulatory uncertainty: KPMG

About 40% of survey respondents reported plans for a three-to-six month pause on generative AI investments to monitor the regulatory landscape.

By Alexei Alexis • Aug. 8, 2023

California privacy agency launches first enforcement sweep

The California Privacy Protection Agency, which gained enforcement powers July 1, said it is reviewing the data privacy practices of “connected vehicle” manufacturers.

By Lyle Moran • Aug. 2, 2023

BNP Paribas may be next to settle WhatsApp probes by SEC, CFTC

The bank also disclosed it set aside €125 million ($137.4 million) for litigation in the second quarter but declined to say whether that was related to the messaging probes. 

By Dan Ennis • Aug. 1, 2023

Companies must walk a fine line meeting SEC cyber disclosures

Too much detail about your risk management and governance practices will help bad actors, while too little won’t meet what the SEC wants, a Freshfields attorney says.

By Robert Freedman • Aug. 1, 2023

Fed fines UBS $268.5M over Credit Suisse’s risk management practices

UBS “has already begun implementing its risk framework, including actions addressing these regulatory findings, across Credit Suisse,” the bank said in a statement Monday seen by Bloomberg.

By Dan Ennis • July 24, 2023

DOJ criminal division chief Kenneth Polite departing

The assistant attorney general helped encourage companies to self-report problems and stepped-up the department’s use of data analytics to flag wrongdoing.

By Robert Freedman • July 18, 2023

CCO reporting relationships must be flexible

A CCO-to-CLO reporting relationship is becoming more popular, yet even in many of those arrangements the CCO retains a parallel reporting relationship to the CEO.

By Michael W. Peregrine • July 14, 2023

How product counsel can support business growth

In-house lawyers focused on product should promote risk mitigation rather than risk avoidance and also use soft skills to get colleagues on the same page.

By Lyle Moran • July 10, 2023

Illinois, Colorado up next in pay transparency law updates

The new laws state that employers must give current employees, not just job seekers, a fair shot at applying for newly posted jobs — with pay ranges — as well.

By Caroline Colvin • July 7, 2023

Pre-merger review burden to skyrocket under FTC, DOJ proposal

Companies will need to submit intensive documentation under HSR filings so antitrust agencies can decide if a deal needs further review.

By Robert Freedman • June 28, 2023

California privacy law changes draw in more businesses

Business-to-business organizations are newly subject to the law and the latest restrictions apply to data sharing, not just data selling. Meanwhile, other states are adding laws to the mix.

By Lisa Burden • June 23, 2023

JPMorgan to pay $4M to SEC over 47M lost records

The communications were deleted in June 2019 by an outside vendor responsible for archiving bank records.

By Dan Ennis • June 22, 2023

SEC General Counsel defends climate risk disclosure rule

Republican lawmakers accused the SEC’s top attorney of stonewalling requests for information on the agency’s regulation and enforcement.

By Jim Tyson • June 22, 2023

‘Tsunami’ of state AI regulation coming

There are more than 160 bills and regulations on AI being considered across the country, a management-side lawyer said.

By Ginger Christ • June 16, 2023

Despite recent losses, DOJ doubles down on antitrust enforcement

Other federal agencies have made moves to limit corporate collusion in recent months.

By Emilie Shumway • June 12, 2023

DOJ has improved collusion detection, deputy AG says

Executives can increase the likelihood that their company will receive leniency if they come forward rather than wait for prosecutors to charge them under antitrust laws. 

By Robert Freedman • June 8, 2023

Time pressure mounts as mandatory clawbacks near

There will be a lot to do between now and August if changes to Nasdaq and NYSE listing standards on Dodd-Frank clawbacks are approved by the SEC next week.

By Robert Freedman • June 7, 2023

SEC sues Coinbase as federal crackdown on crypto continues

Coinbase is accused of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program.

By Gabrielle Saulsbery • June 6, 2023

Don’t let your payment platforms attract regulatory scrutiny

Here are ideas to help companies that allow customers to make payments via P2P, BNPL and other mechanisms avoid regulatory headaches.

By Siran Faulders and Keturah Taylor • June 6, 2023

Why compliance chiefs should report to CEOs, not GCs

A former Cushman & Wakefield compliance leader says she was more effective and respected when reporting to the company’s chief executive.

By Lyle Moran • June 5, 2023

CCOs see pay rise 10%, with some making upwards of $500,000

The compensation increases for public and private company chief compliance officers were a stark contrast to their in-house counsel counterparts.

By Robert Freedman • June 1, 2023

Lessen the chance WhatsApp brings you down with a readiness assessment

Regulators don’t expect every company’s communication retention policy to look the same, but they want you to have a rationale for the approach you take.

By Robert Freedman • May 25, 2023

SEC enforcement not ‘a game of gotcha,’ Grewal says

The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said. 

By Jim Tyson • May 24, 2023

Generative AI is creating advisory work for legal teams

Some in-house departments have created AI working groups and others are helping educate customers about the emerging tech, the legal chiefs at Instacart and GitHub said.

By Lyle Moran • May 23, 2023