In the latest AI-washing related securities class action lawsuit to be filed, a plaintiff shareholder has filed a securities suit against AI-based health care company Tempus AI, alleging, among other things, that the company overstated its AI capabilities. The lawsuit comes after the company’s share price declined following the publication of a short seller report
The U.S. Department of the Treasury (“Treasury”) has been active in the context of the Committee on Foreign Investment in the United States’ (“CFIUS”) and the Outbound Investment Security Program (“OISP”). The main updates relate to: (1) Treasury’s announcement of an intent to launch a Fast Track Pilot Program under CFIUS for Foreign Investors; and
The High Cost of “Free” Legal Advice: Why AI, Forums, and Blogs Aren’t Your Lawyer for International Business
Years ago, a Canadian company called me in a panic. Chinese authorities had just raided their office, shut down their manufacturing facility, and detained their general manager for questioning.
The reason? They had followed “legal advice” from
On June 19, 2025, the New York State Fashion Workers Act (the “Act”) goes into effect, triggering numerous changes to the current employment structure for models in New York. The Act,[1] which Governor Hochul signed into law in December 2024, amends New York’s Labor Law to establish new responsibilities and penalties for agencies in
On June 12, 2025 the Securities and Exchange Commission (“SEC”) formally withdrew fourteen outstanding rule proposals issued by the prior administration. Although most observers doubted that the current Commission would adopt these proposals, the SEC’s action confirms that any future rulemaking on these topics must start anew with a new proposal and a fresh opportunity
The Securities and Exchange Commission (SEC) formally withdrew the following proposed Gensler era rulemakings:
I have been practicing law for a long time. And even now, 30+ years into the game, there are still times when I find myself overwhelmed by everything on my plate. And it’s just as shitty a feeling now as it was as a young associate at a big law firm or as general counsel
After We Cross-Examined ChatGPT on its obvious shortcomings, this was what it wrote to warn the country about itself. Now it could be said that the prompts not ChatGPT caused these answers which apparenty might or might not be accurate but the reasons for stating it caused these responses is because it lacks agency and
Molds and Tooling in International Manufacturing: 30 Essential FAQs
On May 25, we published The Guide to Molds and Tooling in International Manufacturing, laying out just about everything we thought you need to know about molds, tooling, and the contracts that protect them—along with practical steps to secure your supply chain.
The response was
U.S. Foreign Direct Investment and the New CFIUS Rules
The Committee on Foreign Investment in the United States (CFIUS) is the front line of America’s national security defense in an era of volatile geopolitics. For many technology companies, understanding CFIUS is essential to raising capital, structuring deals, and ensuring long-term viability.
Established in 1975, CFIUS