Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.
Law360
Technology
WEDNESDAY, OCTOBER 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Anthropic's 'Existential Risks' Warning Sets Stage For AI IPOs

By Sarah Jarvis

Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.

Read full article » | Save to favorites »

OpenAI Sued Over Epilepsy Death Allegedly Tied To ChatGPT

By Emily Field

​The parents of a Chinese national with epilepsy who died earlier this year sued OpenAI on Tuesday in California state court, alleging ChatGPT was effectively practicing medicine without a license when it designed a tapering schedule for the anti-seizure medication that was keeping their daughter alive.

Complaint attached | Read full article » | Save to favorites »

Google Class Attys Get $2M In $8.25M Kids' App Tracking Deal

By Allison Grande

A California federal judge has awarded class counsel just over $2 million in fees and expenses as part of an $8.25 million deal to resolve a proposed class action accusing Google of surreptitiously tracking children's online activity, despite expressing "some concern" that the rates and hours billed by one plaintiffs' firm was "excessive" and rejecting some of the firm's travel expenses. 

2 documents attached | Read full article » | Save to favorites »

Daily Mail, Publishers Fight Google's 'Multi-Year Delay'

By Bryan Koenig

Gannett, the Daily Mail and a certified class of website publishers urged a New York federal judge Monday not to let Google pause a scheduled advertising placement technology trial, arguing in twin briefs that the U.S. Department of Justice's antitrust win is strong and Google's appeal won't disrupt the multidistrict litigation.

4 documents attached | Read full article » | Save to favorites »

FCC OKs Amazon's $11.6B Globalstar Satellite Buy

By Nadia Dreid

The Federal Communications Commission has signed off on Amazon.com Inc.'s $11.6 billion plan to buy U.S. satellite company Globalstar Inc., bringing the e-commerce behemoth one step closer to expanding its nascent satellite internet business.

Order attached | Read full article » | Save to favorites »

POLICY & REGULATION

Copyright Office Lets Page Six Register Site Updates

By Ivan Moreno

The U.S. Copyright Office has reversed refusals to register website updates from Page Six, Decider and Mansion Global after changing a rule that excluded the publications from a streamlined registration process because their news coverage was too narrowly focused.

2 documents attached | Read full article » | Save to favorites »

Sinclair Pushes FCC To Adopt Next-Gen TV Standard

By Aneeta Mathur-Ashton

TV station chain Sinclair has urged the Federal Communications Commission to advance a proposal that would accelerate the transition to ATSC 3.0, the next-generation TV standard.

Letter attached | Read full article » | Save to favorites »

SpaceX Wants Low-Band Rework In Space Coverage Plan

By Christopher Cole

SpaceX called on the Federal Communications Commission to add a potential spectrum revamp of the lower 900 megahertz band to a proposal the board will consider this week to expand space-based cellphone coverage.

2 documents attached | Read full article » | Save to favorites »

Work With Providers To Stop Copper Theft, Think Tank Says

By Christopher Cole

Lawmakers need to develop partnerships with communications providers to investigate rampant copper wire theft and not just impose "heavy-handed" requirements on businesses, a think tank said.

1 document attached | Read full article » | Save to favorites »

LITIGATION

4th Circ. Says W.Va. Daniel's Law Is Unconstitutional

By Rose Krebs

The Fourth Circuit on Tuesday affirmed a district court determination striking down as unconstitutional West Virginia's law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials, saying the district court applied "well-established" First Amendment principles.

Decision attached | Read full article » | Save to favorites »

CrowdStrike Wants Fed. Circ. To Ship Patent Case To Calif.

By Adam Lidgett

Cybersecurity company CrowdStrike wants the Federal Circuit to force a Texas federal judge to send a suit accusing it of infringing a series of patents owned by an arm of Arizona State University to California.

2 documents attached | Read full article » | Save to favorites »

IRS Asks 1st Circ. To Toss Shuttered Bank Owner's Claims

By Zak Kostro

The IRS asked the First Circuit to dismiss unlawful property seizure and due process claims against former IRS Criminal Investigation officers in a dispute related to a shuttered online bank suspected of facilitating tax evasion and money laundering, saying the bank's former owner failed to establish plausible allegations.

2 documents attached | Read full article » | Save to favorites »

Milliman Reaches $15.5M Deal In Life Insurance FCRA Suit

By Ben Adlin

Risk management firm Milliman Inc. is set to pay $15.5 million to resolve a consumer class action accusing the company of peddling flawed information to life insurance companies, according to a proposed settlement that the plaintiffs filed for preliminary court approval in Washington federal court on Monday.

Motion attached | Read full article » | Save to favorites »

Carmaker FCA Inks $5M Deal To Settle Jeep Hybrid Defect Suit

By Dorothy Atkins

FCA US LLC has agreed to pay up to $5 million to resolve proposed class claims alleging it sold Jeep Wrangler plug-in hybrid vehicles with a defect that renders electric driving unavailable, while class counsel plans to seek an additional $2 million in fees, costs, expenses and incentive awards.

2 documents attached | Read full article » | Save to favorites »

Tyler Tech. To Pay $1.5M To Settle NC ECourts Class Action

By Matt Perez

Attorneys for a proposed class that alleged glitches in North Carolina's electronic court system led to scores of individuals being wrongfully arrested or detained asked a federal court on Monday to approve a $1.5 million settlement with the software's developer Tyler Technologies.

Memorandum attached | Read full article » | Save to favorites »

Google Can't Dodge Ex-NPR Host's AI Voice Misuse Suit

By Lauren Berg

Google cannot escape former NPR "Morning Edition" co-host David Greene's lawsuit alleging the tech giant misappropriated his voice in an artificial intelligence podcasting product, a California judge ruled.

Order attached | Read full article » | Save to favorites »

Spotify Beats Rapper's Bot-Streaming Royalty Suit For Good

By Ivan Moreno

A California federal judge has permanently dismissed rapper RBX's proposed class action accusing Spotify of failing to stop bots that distort streaming data and royalty payments, finding the platform had no duty to protect artists from third-party misconduct and rejecting his theory that Spotify selectively enforced its anti-fraud measures in favor of popular acts.

Order attached | Read full article » | Save to favorites »

Ga. Panel Lets Lyft Escape Liability In Driver Assault Suit

By Y. Peter Kang

A Georgia appellate court ruled Tuesday that Lyft was properly dismissed from a suit by a passenger who was badly beaten by his driver, ruling that reports of unsafe driving and suspected drug or alcohol use did not make the driver's violent assault reasonably foreseeable.

Opinion attached | Read full article » | Save to favorites »

AeroVironment Says It Flagged Space Force Contract Risks

By Tom Lotshaw

AeroVironment Inc. asked a Virginia federal judge to throw out a proposed class action alleging it misled investors about a terminated U.S. Space Force contract worth up to $1.7 billion, arguing it reasonably characterized its contract performance and warned about such risks.

Memorandum attached | Read full article » | Save to favorites »

AI Users Say SpaceXAI Can't Split, Arbitrate Slowdown Suit

By Bryan Koenig

Artificial intelligence users urged a California federal judge Tuesday not to let SpaceXAI separate itself from their proposed class action accusing it, Anthropic, OpenAI and Google of violating antitrust law through their "pace the frontier" collaboration slowing down AI development, attacking the Elon Musk-owned company's efforts to invoke arbitration.

Brief attached | Read full article » | Save to favorites »

Meta Investors Say No-Vote Stock Plan Benefits Zuckerberg

By Jarek Rutz

Union pension funds and other Meta stockholders have brought a proposed class action in Delaware Chancery Court against Mark Zuckerberg and the company's directors, including UFC President and CEO Dana White, seeking to halt a plan they say would let Zuckerberg sell billions of dollars in shares while cementing his voting control.

Complaint attached | Read full article » | Save to favorites »

Snapchat Accused Of Letting Predators Exploit Kids

By P.J. D'Annunzio

The company behind the popular app Snapchat has been sued in Philadelphia court by a group of parents alleging that the platform allowed predators to sexually exploit their children while at the same time holding itself out to be a safe place for kids.

Complaint attached | Read full article » | Save to favorites »

Security Co. Sues Over Comedy Videos Using Its Uniforms

By Elliot Weld

A security company has brought a trademark infringement lawsuit against several comedians after its uniforms were used in staged videos in which a security guard is portrayed behaving inappropriately toward a group of skateboarders.

Complaint attached | Read full article » | Save to favorites »

Singapore Fintech Hit With Suit Over 'Illegal Activity' In China

By Katryna Perera

An investor is suing UP Fintech Holding Ltd. in New Jersey federal court, alleging the fintech company and its top brass misrepresented and understated its legal and regulatory risk "as a result of continued illegal activity in China."

Complaint attached | Read full article » | Save to favorites »

Broadband Co. Says Colo. Wrongly Pulled $103M In Grants

By Zach Dupont

A broadband company asked a Colorado state court judge Monday to reverse a state decision to revoke over $100 million in grants, arguing the state didn't follow required procedures to rescind them.

Complaint attached | Read full article » | Save to favorites »

DEALS

4 Firms Steer Landmark $63B AI Financing Structure

By Nate Beck

Blackstone, Bank of America, Citi and Morgan Stanley formed a deal providing $63 billion to buy Broadcom artificial intelligence chips and network components for Anthropic in a deal guided by Kirkland & Ellis LLP, Latham & Watkins LLP, Sullivan & Cromwell LLP and Milbank LLP.

Read full article » | Save to favorites »

Paul Weiss-Led BCE Sells Stake In New Tower Biz For $1.74B

By Jade Martinez-Pogue

Paul Weiss Rifkind Wharton & Garrison LLP-advised Canadian communications company BCE Inc. on Tuesday announced that its subsidiary Bell Canada has entered into an agreement with investment firm La Caisse to form a new wireless tower infrastructure company, with La Caisse acquiring a 49.9% stake in the new business for CA$2.45 billion ($1.74 billion).

Read full article » | Save to favorites »

ENFORCEMENT

Justice Department Inks 1st 'Near-Miss' Nonprosecution Deal

By Hailey Konnath

Software company Extreme Networks Inc. has agreed to pay $975,722 in penalties to put to rest allegations it unlawfully sold to a sanctioned Russian weapons manufacturer as part of a nonprosecution agreement that the U.S. Department of Justice said marks its first "near-miss" case under a new corporate disclosure policy.

1 document attached | Read full article » | Save to favorites »

Altice Says Conn. AG's $39M Suit Is Based On 'Vague' Reg

By Brian Steele

A $39 million junk fee enforcement suit targeting Altice USA's "network enhancement fee" is limited by a prior class settlement and seeks to enforce an unconstitutionally vague Connecticut regulation, the internet service provider said in a series of special defenses.

1 document attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

Key Risk Assessment Gaps To Note From NY Cyber Guidance

Covered entities should take a fresh look at the compliance gaps flagged in recent New York State Department of Financial Services guidance on "deficient cybersecurity programs," particularly around scope, asset inventories and documentation, say attorneys at Mayer Brown.

Read full article » | Save to favorites »

AI Risks May Recalibrate 'Reasonable Security' Standards

A definitive answer to what constitutes reasonable vulnerability management in the age of artificial intelligence is still emerging, but the answer is likely less a reset of the standard than a recalibration of how organizations meet it, say Scott Loughlin at Hogan Lovells and Mike Priest at Globe Life.

Read full article » | Save to favorites »

Tort Liability When AI Goes Rogue: Strict Liability

If artificial intelligence agents misbehave in unpredictable ways, and no reasonable precaution can prevent resulting harms, then a negligence regime may not provide sufficient remedy, and strict liability might be adapted to cover agents' misconduct — but the common notion of strict liability fits this situation imperfectly, says Donald Hawthorne at Carter Ledyard.

Read full article » | Save to favorites »

LEGAL INDUSTRY

At 4th Circ., DOJ Admits But Downplays Goldstein Trial Errors

By Jeff Overley

The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.

Brief attached | Read full article » | Save to favorites »

Brief

Fenwick & West To Match $235K Salary Scale For Associates

By Tracey Read

Fenwick & West LLP is reportedly the latest firm that will raise associate pay in the new year.

Read full article » | Save to favorites »

Ex-Fla. Bar Prez Accused Of Botching $350M Estate Claim

By Carolina Bolado

The widow of a Miami real estate investor is suing a former president of the Florida Bar for malpractice, claiming his botched representation left her without a claim to her late husband's $350 million estate.

Complaint attached | Read full article » | Save to favorites »

Analysis

3 Federal Circuit Clashes To Watch In November

By Ryan Davis

A high-stakes case that will determine whether the U.S. government should face patent infringement claims over Moderna's COVID-19 vaccines and Labcorp's appeal of a nine-figure patent verdict against it are among the arguments the Federal Circuit will hear in November.

Read full article » | Save to favorites »

Dark blue promo that reads Law360 Pulse Leaderboard Dark blue promo that reads 2026 Regional Powerhouses

COMPANIES IN TODAY'S NEWS

Above the Law

AeroVironment Inc.

Allied Universal Corp.

Alphabet Inc.

Altice SA

Altice USA

Amazon.com Inc.

Anthropic PBC

Apollo Global Management LLC

Arbutus Biopharma Corp.

BCE Inc.

Bank of America Corp.

Bell Canada Inc.

Broadcom Inc.

Caisse de Depot et placement du Quebec

Cloud Security Alliance

Consumer Technology Association

CrowdStrike Holdings Inc.

DoorDash Inc.

Extreme Networks Inc.

FCA US LLC

Ford Motor Co.

Gelman, Rosenberg & Freedman

Globalstar Inc.

Google LLC

Hempel AS

Indiana Harbor Belt Railroad Co.

Labcorp Holdings Inc.

LexisNexis Legal & Professional

LexisNexis Risk Solutions Inc.

Lyft Inc.

Medytox Inc.

Meta Platforms Inc.

Milliman Inc.

Moderna Inc.

Morgan Stanley

OpenAI OpCo LLC

Optimum

Paypal Holdings Inc.

Peregrine

RELX PLC

Renaissance Capital

Securities Service Network Inc.

Snap Inc.

Space Exploration Technologies Corp.

Spotify Technology SA

Stellantis NV

The Florida Bar

The New York Times Co.

The SANS Institute

Thomson Reuters Corp.

Thryv Inc.

TowerCo LLC

Tyler Technologies Inc.

Ultimate Fighting Championship Ltd.

Universal Services of America LP

Venmo LLC

Whitepages Consumer Inc.

Wyndham Destinations Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Axinn

Ballard Spahr

Baron & Budd

Berger Montague

Bernstein Litowitz

Block & Leviton

Boies Schiller

Bryan Cave Leighton Paisner

Bursor & Fisher

Cahill Gordon

Carter Ledyard

Cohen Milstein

Cooley LLP

Dechert LLP

Dunn Isaacson Rhee

Eckert Seamans

Fenwick & West

Fish & Richardson

Flaherty Sensabaugh

Francis Mailman

Freshfields

Gibson Dunn

Goldberg Goldberg & Maloney

Gustafson Gluek

Haynes Boone

Herman Jones LLP

Hogan Lovells

Irpino Avin

Kaskela Law

Keker Van Nest & Peters

Kellogg Hansen

Kirkland & Ellis

Klausner Kaufman

Klein Thomas

Korein Tillery

Labaton Keller

Latham & Watkins

Lewis Brisbois

Lexington Law Group

Mayer Brown

McGuireWoods

Migliaccio & Rathod

Milbank LLP

Mitchell Taylor & Turco

Nelson Mullins

O’Neill & Borges

Paul Weiss

Robinson Bradshaw

Rosen Law Firm PA

Rowthorn Law

Sanchez-Medina Gonzalez

Saxena White

Schenk Law Firm LLP

Scott Hirsch Law Group

Shuman McCuskey

Silver Golub

Skadden Arps

Social Media Victims Law Center

Spilman Thomas

Sullivan & Cromwell

Summerville Firm LLC

Terrell Marshall

Tin Fulton

Tinari Law Firm

Willenken LLP

Williams Kastner

Willkie Farr

WilmerHale

Wilson Sonsini

Womble Bond

deLeeuw Law

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Communications Commission

Federal Trade Commission

Georgia Court of Appeals

Internal Revenue Service

International Trade Commission

National Telecommunications and Information Administration

New York Department of Financial Services

Office of Foreign Assets Control

U.S. Copyright Office

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. District Court for the Western District of Washington

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado