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Corporate Counsel

WhatsApp Bans, Billions in Fines Haven't Fixed Finance Industry's 'Off-Channel' Communications Problem

"It is seldom a lack of rules or policies that causes non-compliance, but an individual's unwillingness to follow them," according to Global Relay's Compliant Communications Report 2024.
5 minute read

National Law Journal

Elon Musk's X 'Deceives Users' and Lacks Transparency, EU Alleges in First DSA Enforcement Action

The EU says allowing users to buy account verification is counter to industry practice and can give unwarranted credibility to "malicious actors."
3 minute read

Corporate Counsel

'I Love the Puzzle of All of It': New GC Resolved to Keep Nextdoor Neighborly

It's not far from our mindset as we continue to innovate that a welcoming platform is a guiding principle of development for Nextdoor," said Sophia Contreras Schwartz, general counsel of Nextdoor.
9 minute read

Corporate Counsel

Corporate Threats at Highest Level in 12 Years, Report Finds

Respondents to a Clyde & Co. and Winmark Global survey foresee "the competitive advantages from AI being short-lived as early innovations become commoditized over time."
4 minute read

Corporate Counsel

Trading By Corporate Insiders Pursuant to Rule 10b5-1 Plans Under Heightened Regulatory Scrutiny

On June 21, 2024, the U.S. Department of Justice (DOJ) secured a conviction in a first-of-its-kind insider trading prosecution based exclusively on a corporate insider's trades pursuant to a Rule 10b5-1 plan. This article addresses what you need to know.
6 minute read

International Edition

Singapore's Increased Scrutiny on Family Offices Is Creating More Work for Lawyers

In the wake of a major money-laundering scandal, authorities are paying closer attention to the wealth management sector, driving clients to seek more legal advice out of fear they could be subject to harsh penalties.
5 minute read

Corporate Counsel

737 Max Crash Victims' Families Blast Proposed Boeing Punishment as 'Sweetheart Deal'

"The plea deal is a complete slap in the face to the victim families," said Peter Reilly, a Texas A&M law professor who is representing families.
5 minute read

Corporate Counsel

Ex-SEC Commissioners Fear Agency's AI Regulation Will Be Ham-Handed

"Let's not try to use enforcement to cause folks to pull back and not offer these services. I think that's the challenge," said Robinhood Markets legal chief Dan Gallagher, an SEC commissioner from 2011 to 2015.
6 minute read

Corporate Counsel

Execs Doubt AI Regulation Can Keep Up With the Technology's Rapid-Fire Advances

"More and more, we're seeing a gap between what outside counsel recommends and what executives are open to when it comes to AI policies and procedures," said Amy Worley, associate general counsel of Berkeley Research Group.
6 minute read

Corporate Counsel

'This Is Not Science Fiction': Inside Legal Departments That Parlayed AI Experimentation Into Real ROI

"The more you procrastinate, the more you're hesitant, the bigger the opportunity cost of not essentially moving the needle," said Murtuza Vohra, managing director of legal consulting firm Morae Global.
5 minute read

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