The Latest
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Opinion
Microsoft is thinking out of the box on AI. Will the Biden Administration?
Microsoft’s moves in the AI space are the kind of “nonacquisition acquisitions” that the FTC should look at closely through an antitrust lens.
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California bans hidden fees starting July 1
The state will require businesses to include all mandatory fees in listed prices, making it harder for restaurants to impose service charges.
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16% of employees plan to quit once noncompete ban takes effect
7% plan to start a rival business, according to a survey of 500 employees conducted by a small business lender.
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Opinion
3 practical business applications for AI in corporate legal
Legal bill review, spend management and matter management are ways that in-house legal teams can use AI in their operations today.
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Only 34% of firms deploy safeguards against generative AI threats: Splunk
Generative AI gives cyberattackers an edge over cyber-defenders, according to security experts surveyed by Splunk.
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TD begins damage control after fentanyl report
In the "sobering" aftermath of the bank's AML crisis, executives are detailing an improvement plan and reassuring employees, but analysts are calling for change in the face of a "lost decade."
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Listen more, talk less to get in-house role, recruiter says
Prepare for questions you know you’re going to be asked to help ensure you give succinct answers, says Brittney McDonough of BarkerGilmore.
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Regulators want clawbacks from bank execs insensitive to risk
“[P]oorly designed financial institution compensation programs can provide incentives for short-term risk taking that can jeopardize the safety and soundness of the institution,” FDIC Chair Martin Gruenberg said.
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Companies using Gen AI weigh regulatory and compliance risks
Generative AI has endless use cases, but it also introduces risks amid demands for transparency, explainability and bias mitigation, executives say.
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17 states sue to block EEOC pregnancy accommodation rule
The rule’s abortion accommodation provisions conflict with the Pregnant Workers Fairness Act, the plaintiffs, led by Tennessee, alleged.
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FTC greenlights $64.5B Exxon-Pioneer merger, bars former CEO from board seat
The Federal Trade Commission blocked the former CEO of Pioneer Natural Resources from joining the new company’s board of directors over concerns of colluding with OPEC.
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Merchants urged to file claims for $5.5B payment card settlement
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
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How women counsel can up their board chances
A good start is to network and talk with recruiters while you’re still in your in-house or outside counsel role, the head of an executive network says.
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Former Google workers say protest-related firings were illegal
The ex-employees said the tech giant violated their labor rights when firing at least 28 employees for protesting against its cloud services contract with the Israeli government.
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Opinion
AI in litigation: Questions to ask your outside counsel
Outside counsel should be prepared to show metrics on how their use of AI tools improves accuracy and speed on the litigation matters they handle for their corporate clients.
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TD faces DOJ money-laundering probe
Criminals allegedly laundered millions of dollars of fentanyl proceeds through TD branches in New York and New Jersey, according to The Wall Street Journal.
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Big fines might get employees to end off-channel communications
Companies must get a handle on unsupported networks even if they’re not technically illegal outside of some federal rules, enforcement specialists say.
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Block’s Dorsey rebuffs compliance allegations
The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.
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Combining CLO with corporate secretary reduces legal problems
The findings of an academic study counter a widespread view that the dual role leads to conflict that can increase risk.
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FTC targets ‘junk patents’ on Ozempic, other top drugs
The move broadens the antitrust regulator’s campaign against allegedly “improper or inaccurate” patent listings by drugmakers to include top-selling medicines for weight loss, diabetes, asthma and COPD.
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Every Dropbox Sign user stung in cyberattack
An attacker intruded the electronic signature platform’s production environment and accessed a trove of user data, including OAuth tokens.
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Opinion
What to know about the DOJ’s M&A safe harbor policy
Extending due diligence beyond traditional document review and implementing strong post-closing integration are among the ways to identify potential violations before they cause problems.
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
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FCC fines 4 major wireless carriers $200M for selling customer location data
The Federal Communications Commission fined T-Mobile, Sprint, AT&T and Verizon nearly $200 million for illegally sharing customers’ location data.
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FTC broadens breach notification rule to include apps
Regulators have been pursuing more enforcement actions against health applications sharing consumers’ data. Friday’s final rule should give those actions more heft.