The Latest
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Owners of ship that slammed into Key Bridge settle with DOJ for $102M
The department will use the funds to pay agencies for responding to and cleaning up after the March 26 collapse.
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Opinion
Where legal AI will be in 10 years
By looking at how the technology will evolve against five pillars of progress, general counsel can get a sense of what legal AI will eventually do for their team.
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FCC opens review of customer service practices of cable, phone companies
“No one should get stuck in a doom loop trying to cancel a subscription or just get a human being to help resolve their service problems,” FCC Chairwoman Jessica Rosenworcel said Wednesday.
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Career success as a lawyer also means good mental well-being: coach
Focusing on internal goals and nurturing your relationships are critical for managing anxiety and avoiding job burnout, a psychology coach says.
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$816M ExxonMobil verdict is latest as juries seek environmental justice
No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows.
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DOJ urged to probe companies’ pixel use
Pixels are poised to become a data privacy nightmare if general counsel don’t ensure disclosures align with their organization’s use of the ubiquitous computer code.
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SEC slaps $4M fine on WisdomTree over greenwashing
The Securities and Exchange Commission is fining the New York-based asset manager for falsely advertising the investment strategy of three funds to have considered ESG factors.
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Opinion
Employers must be mindful of salary and duties tests for overtime exemption
To prevent costly consequences, employers must proactively review employee classifications, writes Lee Jacobs, a partner at Barclay Damon.
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TD faces investor lawsuit over AML failures
The lawsuit alleges bank executives minimized the AML issues and made no indication of the severity of the punishment TD faced.
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Boeing defense mess shows how weak contracting can wreck a business
The aerospace giant’s new CEO says the company lost “discipline” on many of the fixed-price contracts it negotiated for government programs.
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SoLo Funds faces class-action lawsuit over its ‘tips’, ‘donations’ features
The proposed class action filed last week in a California federal court alleges the fintech misleads borrowers with advertising that deceptively claims to offer zero-interest loans and no hidden fees.
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California to begin oversight of earned wage access services
The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.
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BigLaw partners hand over work to keep costs down, analysis shows
The bigger the firm, the smaller the percentage of partner work in the blended hourly rate, a review by Brightflag and Priori says.
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SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure
The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.
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When your new junior associate is the legal AI agent
A Canadian startup is betting that litigation costs will drive many firms to agentic AI tools as general counsel and other clients seek better work and efficiencies.
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DOL guidelines for workplace AI center employee needs, job quality
The agency’s principles for responsible AI use in the workplace focus heavily on employee rights and how the technology should improve working conditions.
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Where organizations invest after a data breach
Asking customers to foot the bill for data breach remediation will not prevent future data breaches or address the issues that cause costs to increase.
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Only 15% of companies have ROI metrics for GenAI: KPMG
The finding comes as many enterprises are deploying the technology on a larger scale.
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Absolute litigation privilege has limits, Chancery ruling makes clear
The principle is intended to let parties speak their minds, but that protection doesn’t necessarily stop a contractual clause that triggers on defamation, a case shows.
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New HSR guidelines expected to double merger review time
Even deals that are expected to sail through with little pushback will have to expend more time and money to meet stepped-up requirements, an analysis shows.
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FTC appeals Texas noncompete ban decision to 5th Circuit
This marks the commission’s second such appeal in as many months.
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DOL, states reprise stances on Loper Bright’s effect on ESG rule
The case is back before the U.S. district court judge whose initial dismissal in September 2023 relied on the now-overturned Chevron Doctrine.
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RTX to pay $950M in bribery, fraud settlement: DOJ
The Securities and Exchange Commission alleged that last decade RTX, formerly known as Raytheon, used bogus subcontracts with a supplier to pay bribes of nearly $2 million.
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Judge in Boeing 737 Max crash settlement seeks DEI data
The court wants briefs on how diversity programs at Boeing and the Justice Dept. would affect the choice of an outside compliance monitor.
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Q&A
A legal tech executive explains how AI will fully change the way lawyers work
A senior executive with ContractPodAi discusses how legal AI poses economic benefits for in-house departments and disruption risks for law firm billing models.