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Twitter Faces Legal Battle Over $90 Million Fee in Elon Musk Acquisition - Twitter faces a legal showdown over a $90 million fee tied to Elon Musk's $44 billion acquisition. The lawsuit, against law firm Wachtell, Lipton, Rosen & Katz, centers on claims of 'unjust enrichment' amidst a backdrop of high-stakes corporate disputes and high-profile acquisitions.
Microsoft / Activision Blizzard Merger Delays - The two companies agreed to extend their merger agreement pending the outcome of negotiations with UK regulators in the highest profile M&A deal of the year.
UN Security Council Discusses Benefits + Risks of AI - UN Secretary-General Antonio Guterres called for a global approach to AI legislation and governance, proposing a new UN institution to assist countries in using AI responsibly while mitigating potential hazards.
Metas LLaMA2 AI Language Model to be Free - Meta hopes that by making it open-source and free for anyone to use, it will be able to compete with rivals like OpenAI's GPT-4 (and beyond). Meta has not yet released info about the data set used.
FTX Sues Sam Bankman-Fried - The former CEO (as well as other former executives) is being sued for $1B by FTX to recover funds that were allegedly misappropriated.
Cyberattacks Continue to Rise Worldwide - Ransomware attacks are increasing, making up nearly 70% of cyberattacks according to a report from Blake, Cassels & Graydon. 66% of organizations targeted in ransomware attacks this year have paid a ransom (increased from 56% last year), and the median ransom paid has surged by 170% over the last two years, reaching $413,000.
ECJ Rules: Competition Authorities Can ID Violations - The European Court of Justice has allowed competition authorities to identify violation of data protection rules when necessary to establish an abuse of dominance under competition rules.
Gender Pay Gap Narrowest on Record - Full-time US working women now earn about 84% of what their male counterparts earn - the closest ratio since the government started collecting data in 1979.
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Target Corporation and The Estée Lauder Companies have announced the appointments of Amy Tu and Rashida La Lande in their top legal leadership roles
In this article, we will discuss 10 Google search tips that you may not be aware of and that will help you increase the efficiency of any legal research task.
Legal Operations is a growing field, creating opportunities for an increasing number of talented individuals from a range of disciplines. Do you have what it takes to join this cutting edge department? Let’s take a look at the skills you need to get established in Legal Operations today!
Legal.io CEO Pieter Gunst Explores the Dynamic Legal Journey of Brian Mannion, CLO at Aware
As the price for high-profile laterals in Big Law increases, some nonequity partners are growing increasingly frustrated, feeling that they are subsidizing the compensation package of laterals
Polarization is increasingly fueled by social media and economics.
Atiba Adams will join Krispy Kreme as Chief Legal Officer on June 25, 2024, bringing over two decades of legal experience from companies like Mars, Pfizer, and Bausch + Lomb.
A growing number of top law firms have set minimum earnings expectations for their equity partners, with top firms setting targets at $5 million to $7 million in business each year
Despite the surge, legal counsel costs overall took up a smaller percentage of companies’ expenses, while in-house lawyers’ duties continued to broaden to reflect the business landscape’s current challenges.
