The Latest

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    Capital One tackles Discover compliance issues

    Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.

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    Judge denies former View CFO motion to dismiss SEC complaint

    The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.

  • The headquarters of the U.S. Equal Employment Opportunity Commission in Washington, D.C.
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    Ryan Golden/Legal Dive
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    EEOC targets race bias, but retaliation risks still put workers in ‘a tough spot’

    In the past five fiscal years, about one-third of all charges filed with the EEOC alleged race discrimination.

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    SEC to scrap scope 3 reporting from climate disclosure rule: Reuters

    The omission could create a compliance conundrum for companies that still need to report scope 3 under the EU’s CSRD and California’s climate regulations.

  • SEC whistleblower protections, employment agreements
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    When it comes to whistleblowers, no information is confidential

    Confidentiality violations don’t apply to employees who go to the SEC with concerns, no matter how much companies want to keep some information under wraps.

  • privacy liability over eye, hand, face scans, other biometric data risks
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    Biometric privacy settlements spark insurance coverage battles

    Insurers are having mixed success getting out of paying claims for high-dollar settlements under the Illinois Biometric Privacy Act.

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    LD via Getty Images
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    FTC files suit to stop Kroger-Albertsons merger

    Nine attorneys general have joined the federal court complaint, which claims that the deal would boost grocery prices and hurt workers.

    Updated Feb. 26, 2024
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    NRA general counsel not out of the woods yet

    John Frazer can keep his job as top legal officer of the embattled gun-rights group but he could be banned from charitable fundraising in the state.

  • ChatGPT hallucinations in legal
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    Judge rejects firm’s use of ChatGPT in fee request

    Until the technology goes through a paradigm shift in reliability, don’t bother using it to justify compensation again, a judge tells a law firm.

  • SEC charges husband for insider trading on wife’s deal-making for BP

    A Houston resident overheard merger negotiations by his wife, a former BP employee, and engaged in insider trading, the SEC alleged.

  • 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.

  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Win McNamee / Staff via Getty Images
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    Capital One-Discover deal carries $1.38B termination fee

    The fee would apply if Discover chooses another buyer or if either board has a change of heart but not if regulators block the deal.

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    CFOs, GCs not always in sync over litigation

    The two sides agree costs are getting higher and need to be lowered but they differ on who decides what cases to pursue, a survey shows.

  • A general counsel and CEO talk while walking through a business office
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    Opinion

    Why a general counsel must serve as a business partner

    How the GC performs when the proverbial door closes and the executive team has to engage in candid and sometimes fraught conversations about critical issues is pivotal.

  • 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.

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    ‘Maverick’ SaaS spending by workers can waste millions: Vertice

    A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.

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    AI could spark change in the SMB lending space

    Financial institutions, including fintechs, can leverage artificial intelligence technology like machine learning to automate lending decisions, a white paper commissioned by Uplinq said.

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    Old data is the scourge of most breaches

    Having a strict data retention policy can reduce the severity of a breach by limiting an organization’s most vulnerable information, breach response specialists say. 

  • A businessperson with a generative AI brain concept above his hand
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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.

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    5th Cir. resets independent contractor fight as new rule looms

    DOL will get a second chance to defend its withdrawal of a Trump-era rule.

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    How generative AI could alter the staffing mix in legal departments

    The emerging tech will result in more data-focused hires and lawyers becoming a minority on in-house legal teams, a KPMG global leader predicts.

  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Capital One-Discover deal may spark antitrust concern

    While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

  • 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.

  • A business person uses a generative AI application on their laptop
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    Leading general counsel team up to support generative AI adoption

    A collaboration spearheaded by Factor includes participation from executives at companies such as Microsoft, Intel, Adobe and Ford.

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    AzmanL via Getty Images
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    Companies struggle with decarbonization due to internal governance, data issues

    Most organizations are committed to decarbonization, but a siloed approach, bureaucracy and data challenges stand in the way of success, an Engie report says.