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March 29, 2024 | New York Law Journal

DOJ, FTC: Failure To Preserve, Produce Ephemeral Messages May Lead to Consequences That Are Anything but Ephemeral

The DOJ and FTC issued a rare joint announcement warning of increasing consequences for parties that fail to properly preserve and produce ephemeral messages in response to antitrust investigations. These messages will be included in their standard preservation letters and specifications for all second requests, voluntary access letters and compulsory legal process.
9 minute read
March 29, 2024 | New York Law Journal

Money Laundering in the Arts

Two newer kinds of markets—the market for non-fungible tokens (NFTs) and the secondary market for sports and entertainment event tickets—have offered criminals new possibilities for laundering dirty money. And so far, the law has not kept up.
8 minute read
March 29, 2024 | Corporate Counsel

Feds Jump Into Algorithmic Pricing Suit, Say Collusion Can Occur Without Humans Uttering a Word

The Department of Justice and Federal Trade Commission are worried that the growing use of algorithms is making price fixing increasingly difficult to detect—and that the use of AI to create ever-more-sophisticated algorithms will exacerbate that challenge.
4 minute read
March 28, 2024 | New York Law Journal

GenAI: Copyright and Beyond

In the era of Large Language Models (LLMs), legal professionals face a myriad of mounting concerns relating to the use of Generative AI solutions. Whilst the risks and significance of possible copyright infringement and other IP-related issues remain actively debated, don't underestimate cybersecurity, privacy and data protection risks created or amplified by GenAI.
8 minute read
March 27, 2024 | Daily Report Online

Federal Judge Throws Out FTC's Suit Against Former Discount Club Marketers

"It is extremely rare for defendants to take an enforcement action to trial against the FTC and even more rare for defendants to emerge victorious. The ruling by the court is a momentous occasion for our clients and marks the end of a very long, difficult an unnecessary saga in our clients' lives," said Wilson and Cleveland's attorney, Michael Mallow, a partner at Shook, Hardy & Bacon.
5 minute read
Law Journal Press | Digital Book Chester County Court Rules 2024 Authors: View this Book

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March 26, 2024 | The American Lawyer

Diversity of Practices Helped Foley Grow Revenue by 8.1%, Profits Per Equity Partner by 11.5%

The firm posted higher revenue and profits, even as its lawyer head count was steady in 2023.
5 minute read
March 26, 2024 | Corporate Counsel

TV Legal Ads Proving Useful Radar for Next Big Mass Tort Categories

Tracking television legal ads that solicit plaintiffs for mass torts can give general counsel early warning of new trends and gauge the plaintiffs' bar's appetite in product litigation categories.
5 minute read
March 25, 2024 | National Law Journal

FTC Must Take 'Vigilant' Approach Toward AI in Contrast to Earlier Technologies, Khan Says

"Across the board, there is a realization that we can't allow that same trajectory to evolve this time around," said FTC Chair Lina Khan.
3 minute read
March 25, 2024 | Law.com

FTC Must Take 'Vigilant' Approach Toward AI in Contrast to Earlier Technologies, Khan Says

"Across the board, there is a realization that we can't allow that same trajectory to evolve this time around," said FTC Chair Lina Khan.
3 minute read
March 25, 2024 | The Legal Intelligencer

President Biden's New Strike Force on Unfair and Illegal Pricing

The strike force's launch is to continue the efforts of the president's Competition Council, which was established "to work across agencies to provide a coordinated response to overconcentration, monopolization, and unfair competition in or directly affecting the American economy."
5 minute read

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