|
TOP NEWS
FTC Tosses Ban On AI-Fueled Tool For Stifling Innovation
By Allison Grande
The Federal Trade Commission on Monday threw out a 2024 order that imposed a ban on an artificial intelligence-powered writing assistance service that allegedly enabled its subscribers to generate false and deceptive online reviews, concluding that the prior directive was inconsistent with the Trump administration's current policy against undermining innovation in the emerging AI field.
Order attached |
Read full article »
| Save to favorites »
POLICY & REGULATION
ENFORCEMENT
LITIGATION
Robocall Class Seeks $35.7M After Failed Deal Talks
By Lauraann Wood
Consumers looking to hold a resort company liable after its vendor placed more than 70,000 unwanted marketing calls to National Do Not Call registrants have asked an Illinois federal judge to enter a $35.7 million judgment reflecting their recent summary judgment win after their court-ordered settlement negotiations were unsuccessful.
Motion attached |
Read full article »
| Save to favorites »
Major Banks Want Loan Rate Collusion Suit Tossed
By Katryna Perera
Several major banks urged a Connecticut federal judge to toss a proposed class action alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses, arguing the suit fails to plead evidence of a conspiracy among the banks.
2 documents attached |
Read full article »
| Save to favorites »
EXPERT ANALYSIS
LEGAL INDUSTRY
Catching Up With Delaware's Chancery Court
By Jeff Montgomery
Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.
Read full article »
| Save to favorites »
|