No ‘shadow consent decrees,’ DOJ antitrust lawyers say

Nor does the agency’s “fix it first” approach mean a proposed divestiture is going to resolve deal concerns, officials said at an ABA forum.

By Robert Freedman • April 12, 2023

Ex-Twitter execs’ legal-fee lawsuit may find Delaware law favorable

Chancery Court has a history favoring bylaw provisions requiring companies to pay executives’ legal costs even when they no longer work for the company.   

By Robert Freedman • April 11, 2023

Samsung employees leaked corporate data in ChatGPT: report

Data privacy is a concern for companies with employees using ChatGPT’s web-based interface, as input data is used to train and improve the tool.

By Lindsey Wilkinson • April 11, 2023

Patent trolls often target smaller companies, study finds

IPOs and private funding rounds can also put companies at greater risk of facing patent lawsuits from entities created to file such litigation.

By Lyle Moran • April 11, 2023

New J&J talc settlement relies on second bankruptcy attempt

The first attempt was accepted in bankruptcy court but later denied on appeal. This new effort offers to triple the money set aside for claimants.

By Robert Freedman • April 5, 2023

Wolters Kluwer releases bank failures toolkit for corporate counsel

The company’s offering includes risk exposure and communications checklists, as well as a litigation and investigations tracker.

By Lyle Moran • April 5, 2023

Ex-Trump CFO, facing fresh legal pressure, swaps attorneys

The legal turmoil still swirling around the Trump Organization’s former CFO shows just how closely intertwined a finance chief’s fate is with that of the organizations they serve.

By Maura Webber Sadovi • April 4, 2023

How the GC and CFO communities joined forces in SVB’s wake

TechGC and The F Suite facilitated close collaboration between legal and finance leaders as they grappled with the fallout from Silicon Valley Bank’s collapse.

By Lyle Moran • March 31, 2023

Call for a pause on AI training met with skepticism

Even those in favor of more rules and guidance surrounding the rapid onset of generative AI systems said the approach shared by The Future of Life Institute is unlikely to work.

By Lindsey Wilkinson • March 30, 2023

Google misled about chat preservation, judge says

The company has been deliberately misleading because it said it couldn’t change its chat history settings when in fact it could, federal judge James Donato says.

By Robert Freedman • March 29, 2023

Zoom jumps on ChatGPT bandwagon, integrates generative AI features

New capabilities will include summarizing meetings and chat threads, drafting emails and creating whiteboard presentations.

By Matt Ashare • March 28, 2023

First Citizens acquisition could leave SVB parent’s $1.9B in limbo

Now that a buyer has come forward, it’s not clear what will happen with FDIC-blocked money that SVB Financial has on deposit at the failed bank.

By Robert Freedman • March 27, 2023

Compliance is a growing priority for legal departments worldwide

Risk mitigation and cost control are other key strategic initiatives for in-house legal teams, a recent report found.

By Lyle Moran • March 27, 2023

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.  

By Robert Freedman • March 24, 2023

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.

By Gabrielle Saulsbery • March 24, 2023

In EEOC settlement, job board agrees to use AI to look for bias

The announcement was a rare note of support from the agency, which has cautioned employers about the tech’s use in recent years.

By Kate Tornone • March 23, 2023

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.

By Alexei Alexis • March 21, 2023

Cybersecurity market confronts potential consequences of banking crisis

Bank seizures impose new challenges on vendors in every segment and may spur consolidation.

By Matt Kapko • March 21, 2023

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.

By Jim Shaughnessy • March 20, 2023

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.

By Robert Freedman • March 18, 2023

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.

By David Jones • March 17, 2023

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.

By Dan Ennis • March 17, 2023

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.

By Lyle Moran • March 17, 2023

‘Meme stock in reverse’: SVB collapse portends new era of viral bank runs

SVB’s demise gave the banking sector a glimpse into how social media and digital banking can turn a financial institution from operational to insolvent in a matter of hours.

By Anna Hrushka • March 16, 2023

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.

By Robert Freedman • March 16, 2023