Securities and Exchange Commission
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* George RR Martin among the authors suing OpenAI for allowing the algorithm to train on their work. Did the AI learn to sit on an anticipated project for over a decade? Because otherwise it’s not clear what it’s learning from Martin. [Reuters]
* Former DHS Secretary turned security consultant Michael Chernoff warns that AI needs proactive guardrails. Great point… now go back to collecting millions of dollars from the Supreme Court to tell them they did a great job investigating the Dobbs leak without bothering to interview the most likely suspects. [Bloomberg Law News]
* Attorney attempted to attend two CLEs at once. Most would call this blatantly unethical, but it’s also impressive multitasking. [ABA Journal]
* The Feds closed up the investigation into Los Angeles water and power billing violations — involving allegations of attorney misconduct — without charging anyone. [LA Times]
* SEC issues new rules to bar funds from touting ESG work when they aren’t really investing in ESG work. A sound policy that won’t matter when Republicans ban private enterprise from spending money on causes they don’t like. [Law360]
* DISCO hit with a securities class action over financial disclosures. [Legaltech News]
* Which seems to be the least of the problems over there. [Daily Mail]
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Elon Musk Disappointed To Learn His Own Legal Agreements Still Apply To Him
Surprising no one at all.
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Emojis Can Amount To Securities Fraud. NFT Industry Mind-Blown, Eggplanted.
Somehow, people seem legitimately confused that they can’t avoid laws with pictures.
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Elon Musk Settlement Agreement As Unconstitutional Taking Is… A Theory
Musk’s legal team cites landmark Property case to undermine SEC settlement agreement.
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The United States Dropped The Ball On Corporate Responsibility… Outsiders Picked It Up And Ran
The federal government relies on some help these days.
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Exxon Shakeup Shows Climate Activists’ Boardroom Power
A surprising coup sends a tremor through corporate America.
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Excellent, a new word to add to the already bursting lexicon of completely transparent euphemisms for insider trading.
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The SEC Gets Joins The Cutting-Edge eDiscovery World
SEC selects Casepoint for eDiscovery needs.
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How Will the SEC Treat Crypto? Here’s What’s Been Said So Far
There’s clearly a few different opinions about the future of cryptocurrency, even within the SEC itself.
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* S&C may be Trump’s second favorite law firm, but don’t count your chickens on SEC nominee Jay Clayton yet — the Office of Government and Ethics has flagged some potential conflicts of interest. [Law360]
* Law schools often discriminate against women by undercompensating positions that skew female. Sure this is important, but is it as egregious an act of discrimination as not valuing originalist scholarship? [Law.com]
* Three firms admit to overbilling for temp and staff attorneys. [Am Law Daily]
* Ninth Circuit says Dodd-Frank provides broad whistleblower protection, which sets up an intriguing circuit split for the roughly three weeks Dodd-Frank remains a law. [National Law Journal]
* Key cybertrends of 2017. [Legaltech News]
* Fried Frank has its best year ever while the rest of you experienced 2016 as a runaway train of sadness. [Am Law Daily]
* Robot lawyer assisting refugees, making it official that even cyborgs have more of a heart than some politicians. [BBC News]
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Craigslist, Food, Law Professors, Law Schools, Securities and Exchange Commission, Sex Scandals, Technology
* The Kardashians may be “America’s rightful overlords,” as Marin so memorably put it, but even they must respect intellectual-property laws. [Fashionista] * Congratulations to the Best LGBT Lawyers Under 40 (class of 2011). Perhaps you know some of the inductees? [National LGBT Bar Association] * In less cheerful LGBT news… another day, another Republican […]