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News
Treasury Reveals Proposals to Regulate Cryptocurrency - Following widespread calls for action after the collapse of FTX and the fall of Bitcoin, the Treasury is promising a 'robust' approach to digital assets regulation consistent with traditional finance. More here.
Social Media Companies in US Brace for Legal Challenges - The onslaught of new state and federal legislation and legal challenges with far-reaching regulatory implications will come to a head this year as the majority of US state legislatures are introducing or passing bills for social media reform. More here.
FTX Fines GoodRx for Privacy Violations - The drug discount and price-shopping company has sent 'tens of millions' of users personal data to data brokers as well as tech companies like Meta and Google to use for advertising. The FTC has fined the company $1.5M. More here.
NFT Trademark Trial: Hermès Against MetaBirkin Artist - The French luxury design house has an upcoming trademark trial against digital artist Mason Rothschild. It is the first case of exploring the boundaries of artistic expression and how nonfungible tokens are viewed in IP law. More here.
Nike Sues Lululemon - Nike is claiming that some of the athleisure brand's new shoes infringe on its patents related to their Flyknit technology. More here.
SnapChat Class-Action Lawsuit - The social media app is being sued by more than 50 families with children who have all died from fentanyl received via their Snap connections. More here.
AI-Powered Lawyer Won't Argue in Courts - A "robot" lawyer powered by AI technology was set to represent a client in a traffic ticket trial this month, but the experiment has been scrapped after State Bar prosecutors' threatened Joshua Browder, CEO of DoNotPay (the company that created the chatbot), with prison time. More here.
EU Overlooked TikTok - But That Will Change - The ByteDance company has not been under fire like other BigTech companies. However, the EU Commissioner of the Internal Market, Thierry Breton, has warned TikTok CEO Shou Zi Chew that the app could be banned if it doesn't adapt to new rules on digital content by Sept 1 of this year. More here.
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A software update from cybersecurity firm CrowdStrike caused widespread technology outages on July 19, affecting various sectors globally, including air travel, media, and healthcare.
The BRG report reveals a widespread lack of confidence among executives and legal professionals in organizations' ability to comply with current AI regulations.
Legal Operations professionals talk about how they approach regulatory investigations or inquiries.
Jury finds Amazon did not infringe on one remaining patent.
The Welsh novelist and political theorist Raymond Williams wrote that “Culture is one of the two or three most complicated words in the English language”. Indeed, the word has many different meanings, which are subtly different yet interconnected. So what, exactly, is a “company culture”? Well, company culture is the subject of a fascinating 2018 study by four academics writing in the Harvard Business Review, entitled ‘The Leader’s Guide to Corporate Culture’. In their work, Groysberg, Lee, Price and Cheng draw on a century or more of academic literature on cultural studies as they struggle to pin down what a ‘company culture’ is. They propose that a culture is something that is shared, pervasive, enduring, and implicit. In other words, a culture is a group phenomenon (it cannot exist in one person alone), which permeates the whole group, exists over the long term, and shapes people’s behavior without necessarily being aware of it. It guides the way the people of an organization behave through a set of “shared assumptions and group norms”.
Citi Global Wealth at Work has released a report predicting a record-breaking year for law firms in 2024.
DOJ pushes Google to sell Chrome, share data, and consider divesting Android to address its search monopoly, drawing criticism from Google as extreme and overreaching.
Legal Operations professionals talk about helping non-legal staff understand legal and compliance issues.
For Legal.io's GC 101 Webinar, our four panelists detail their first jobs and how they started in the legal industry.
