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TOP NEWS
Major Chipmakers Sued For Price-Fixing Amid 'RAMpocalypse'
By Lauren Berg
Artificial intelligence demands huge amounts of computer memory, causing Apple and other retailers to raise prices amid random access memory shortages, but a California federal lawsuit filed Thursday alleges Samsung Electronics Co., SK Hynix Inc. and Micron Technology Inc. have exacerbated this so-called RAMpocalypse by fixing memory supply and prices.
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Meta Fails To Knock Out BIPA Voiceprint Privacy Claims
By Rae Ann Varona
A California federal judge has refused to let Meta Platforms Inc. escape an Illinois woman's proposed class claims that Meta collects "voiceprints" in violation of Illinois' Biometric Information Privacy Act, saying in a ruling unsealed Thursday that whether Meta obtained her voice recordings in a way capable of identifying her was still up for dispute.
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Paramount Preps JV Divestiture, Bumble Eyes Sale, And More
By Al Barbarino
Paramount is preparing to divest its film distribution joint venture with Universal Pictures as part of an effort to appease European regulators, as the company looks to close its planned $110 billion of acquisition of Warner Bros. following U.S. approvals, according to a Reuters report. Among other notable reports, Abu Dhabi's MGX has raised nearly $50 billion for an AI-investment venture, apparel company Reformation is said to be preparing for an IPO, and the dating app Bumble may be mulling a sale.
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Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
A Connecticut federal judge told attorneys to challenge clients who demand use of generative artificial intelligence tools to conduct legal research, and a Kansas federal judge blocked a state law imposing requirements on proxy advisers' voting recommendations. These were among the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
Clement & Murphy PLLC, Covington & Burling LLP and Bryan Cave Leighton Paisner LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court handed Monsanto a win in its long-running battle over the labeling of alleged cancer risks of its bestselling weedkiller Roundup.
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