SitusAMC's $5.3M Data Breach Deal Draws Judicial Scrutiny
By Allison Grande
A New York federal judge is asking the plaintiffs suing real estate finance services firm SitusAMC over a 2025 data breach for additional information about the administration and public notice of their newly disclosed $5.3 million deal to resolve negligence and other claims stemming from the incident, saying the details are necessary for preliminary approval.
2 documents attached |
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POLICY & REGULATION
Dem Lawmakers Probe SEC On Brokerage AI Agents
By Sarah Jarvis
Democratic members of the House Financial Services Committee have urged U.S. Securities and Exchange Commission Chairman Paul Atkins to detail the agency's perspective on brokerage and investment advice provided through agentic artificial intelligence, saying agentic trading by retail brokerage platforms "raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers."
Letter attached |
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COMMERCIAL CONTRACTS
INTELLECTUAL PROPERTY
TTAB Says Canceled Registration Can't Save TextNow TM Bid
By Ivan Moreno
The Trademark Trial and Appeal Board has refused TextNow Inc.'s bid to register "Touch Mobile" for phones and wireless messaging services, ruling in a precedential decision that the company cannot rely on a canceled registration for the same mark to overcome a likelihood of confusion with another company's existing registration for "Mobile Touch."
Opinion attached |
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COMPETITION
PRIVACY
SECURITIES
EV Charging Co. Lenders, Ex-CEO Escape Liquidity Woes Suit
By Katryna Perera
A New York federal judge has trimmed claims and dismissed several defendants from a proposed investor class action against the current and former executives of bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc., who they allege concealed a liquidity crisis involving the company's founder and his investment advisory firm that allegedly precipitated Charge's bankruptcy.
Order attached |
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EMPLOYMENT
DEALS
ENFORCEMENT
PEOPLE
EXPERT ANALYSIS
Trump AI Order: Voluntary Framework, Mandatory Implications
President Donald Trump's recent executive order promoting the advancement of artificial intelligence innovation and security establishes a new framework for government collaboration with the AI industry, but its classified benchmarking criteria, prerelease framework terms and operational rules will determine whether it establishes de facto compliance expectations, say attorneys at Ropes & Gray.
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LEGAL INDUSTRY
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