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POLICY & REGULATION
LITIGATION
Cognizant Investor Seeks OK For $5.5M Derivative Case Deal
By Sarah Jarvis
A Cognizant Technology Solutions Corp. shareholder has urged a New Jersey federal court to give its final approval for a $5.5 million deal to settle derivative claims that board members of the technology and consulting services company damaged the company and exposed it to liability by paying bribes in violation of the Foreign Corrupt Practices Act.
Settlement attached |
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Microsoft Heads Accused Of Lying To Investors On AI Strategy
By Ben Adlin
Microsoft leadership routinely touted the success of the company's artificial intelligence products and its multibillion-dollar partnership with OpenAI even as the tech giant violated copyright laws to train its large language models and fell behind other AI developers, according to a shareholder stock-drop suit filed Monday in Washington federal court.
Complaint attached |
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DEALS
ENFORCEMENT
CRIMINAL PRACTICE
PEOPLE
EXPERT ANALYSIS
AI Data Mining Is Changing FCA Enforcement
With False Claims Act investigations increasingly emerging from statistical anomalies identified by data miners, companies need to consider what conclusions an outsider armed with artificial intelligence might draw from public-facing data and be ready to explain any anomalies if questions arise, say attorneys at Cohen & Gresser.
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LEGAL INDUSTRY
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