Subscribe to Latest in Legal News feed Latest in Legal News
Law.com
Updated: 1 hour 58 min ago

'Overwhelming Evidence': NY AG Urges Appeals Court to Uphold Trump Civil Fraud Judgment

Thu, 2024-08-22 15:29

The AG's submission defends the lower court's ruling as necessary to ensure "the integrity of the marketplace."

       

Lawyers Assemble Across Country for Securities Class Action

Thu, 2024-08-22 15:10

The complaint filed Wednesday alleges an unexpected shakeup of the company's top executives on Sept. 13, 2023 caused Orthofix stock to fall by more than 30%.

       

Nashville Firm Accused of Illegally Retaining Client's Funds, Acting as Counsel After Termination

Thu, 2024-08-22 15:04

As a result of the delay, obfuscation, and refusal by defendants to accommodate the transfer of files and information for the member accounts, TENCU has expended countless employee hours and costs in communicating with its members to advise them that the defendants no longer represent TENCU," according to the complaint filed by the plaintiff's new firm with Adams and Reese.

       

Richard Susskind, Now Special Envoy for Justice and AI, Talks AI's Role in A2J

Thu, 2024-08-22 14:46

"The biggest competitor for law firms in the future, I say, is AI-empowered clients," said Richard Susskind, as he takes on his new role as Special Envoy for Justice and Artificial Intelligence to the Commonwealth.

       

2024 Ransomware Payments Poised to Shatter Record, as Gangs Target 'Big Game'

Thu, 2024-08-22 13:53

A midyear report by blockchain analysis firm Chainalysis projects the total paid this year will soar past $1 billion again, even though fewer victims are paying.

       

Binance Sued After $30 Million in Crypto Stolen and Allegedly Laundered on Platform

Thu, 2024-08-22 13:21

The plaintiff alleged five causes of action, including RICO, through what he characterized as the "Binance crypto-wash enterprise."

       

Writers Sue Anthropic for Allegedly Stealing 'Hundreds of Thousands' of Books to Train AI Models

Thu, 2024-08-22 11:18

The complaint, filed on Monday in the Northern District of California, accuses the San Francisco-based company of illegally downloading and copying pirated versions of the material to feed to its large language models, which are designed to simulate human communication and generate predictive written responses to prompts by algorithmically processing the datasets they ingest.

       

'Learn to Live in the Gray Area': Schools Across the Nation Face Patchwork Implementation of New Title IX Rules as School Year Begins

Thu, 2024-08-22 11:00

"There are certain things in the 2024 rule that, even if you are not adopting, the institution might still want to implement. Things like student training or employee training are needed to put yourself in the best position to defend against any potential Title IX actions. But it is still unclear, and I think we will have to learn to live in the gray area," said Scott Goldschmidt, a partner with Thompson Coburn in Washington, D.C.

       

4th Circuit Revives Consumer Protection TILA Lawsuit Against PNC Bank

Thu, 2024-08-22 10:46

"We hold that TILA's offset provision, which prevents creditors from dipping into consumers' deposit accounts in order to offset outstanding payments on their credit card plans, applies to HELOCs," Judge Roger L. Gregory wrote in the majority opinion for the Fourth Circuit, reversing the district court's judgment on that claim.

       

Tom Girardi May Testify at His Own Criminal Trial, Lawyer Says

Thu, 2024-08-22 10:28

Most of Wednesday's testimony focused on Tom Girardi's defense that the former chief financial officer of Girardi Keese, Christopher Kamon, was stealing millions from the firm to fund a lifestyle of exotic trips, expensive cars and paid girlfriends.

       

Why High-Quality AI Data Is Crucial to Fighting Financial Crime

Thu, 2024-08-22 10:12

Integrating AI is more than just picking an AI solution. Counsels need to ensure they take a strategic approach to integrating this technology and understand the business and financial crime risk exposures they may face.

       

'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher Anti-Money Laundering Prosecution

Thu, 2024-08-22 05:58

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.

       

'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher AML Prosecution

Thu, 2024-08-22 05:58

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.

       

Evaluating the Biden Administration's Business and Human Rights Agenda

Thu, 2024-08-22 00:46

President Biden's announcement not to seek reelection affords a useful point of reflection on his administration's business and human rights achievements.

       

Wilmer Adds Nonequity Partnership Tier, Becoming Latest to Move to 2 Tiers

Wed, 2024-08-21 20:09

"Creating an income tier in the partnership gives us more flexibility to attract, promote, and retain the most sought-after talent in a very competitive market," said Wilmer's managing partner.

       

Federal, State Antitrust Collaboration Reaches 'Historic Level,' Colorado's Attorney General Says

Wed, 2024-08-21 19:06

"Our economy is so concentrated, competition has lessened, consumers are frustrated," said Phil Weiser. "The AGs are responding."

       

Facebook, NVIDIA Make High Court Case Against Investor Suits

Wed, 2024-08-21 19:00

The tech giants have filed briefs urging the justices to close the "floodgates" of securities lawsuits the companies claim have been opened by the U.S. Court of Appeals for the Ninth Circuit.

       

9th Circuit Seems Skeptical of Idaho Ban on Gender-Affirming Care for Transgender Teen

Wed, 2024-08-21 18:01

Appeals court considers whether the state's prohibition violates the Constitution's Equal Protection Clause.

       

South Florida Attorney Gets Charges Dropped Against Ex-NFL Great

Wed, 2024-08-21 17:54

"I knew that all I needed was a fair and open-minded prosecutor. Fortunately, I got one," said Lawrence Taylor's attorney Mark Eiglarsh.

       

After Latham Mandates 4 Days in NY Office in 2025, Other Firms Sticking to 3 Days, For Now

Wed, 2024-08-21 16:40

Goodwin, Milbank, Schulte and Fried Frank all said their firms were sticking with three days per week and would not change that, at least this year.

       

Pages