In February, I noted an emerging securities litigation trend involving pump-and-dump schemes characterized by thin public float, retail investor participation, and the amplifying effects of social media. Three subsequent pump-and-dump securities filings in February and March 2026, along with a recent federal court ruling involving social media platform liability, provide further evidence that these risks may be accelerating. Taken together, these developments have important implications for D&O liability exposure and for underwriters evaluating risks associated with low-float issuers and companies whose securities trading activity may be influenced by online promotional activity.
Courts Get Proactive on AI: Disclosure, Certification, and Consequences
Artificial intelligence isn’t going anywhere. Experts use it. Opposing counsel use it. Clients use it – and want their lawyers to use it too. It is becoming an increasingly standard legal research, drafting, and case strategy tool. But as a couple of our recent posts (here and here) have pointed out—AI is far…
Use of AI by asset managers
On 7 April 2026, the AFM published its analysis on the use of AI in the Dutch asset management-sector. The AFM defines the following parties as asset managers: investment firms, fund managers, depositaries, proprietary traders and trading platforms.The AFM states that the deployment of advanced/self-learning algorithms and other AI applications by asset managers is increasing.…
The Importance of Trust and Accuracy in AI-Powered Document Analysis
By Ari Kaplan
I spoke with Vicente Silveira, the Co-Founder and CEO at AI Drive, a platform for legal professionals and teams to deploy agents that support document-intensive projects. We discussed the importance of trust and accuracy in AI-powered legal document analysis, the value of a multi-model approach, and where AI agents in legal work are
The Global Battle for Data Control: How the 2026 U.S. Report on Trade Barriers Targets Data Sovereignty Worldwide
My Globe and Mail op-ed last week argued that the U.S. is pursuing a two-pronged strategy on cross-border data: the CLOUD Act to assert legal access wherever data sits, and trade policy to pressure countries that try to move their data beyond that reach. This post provides the underlying data that the op-ed could not…
Cybersecurity in Digital Health: Protecting Patient Data in a Connected World
By Sergio Jones
Introduction: The Digital Health Cybersecurity Crisis
The healthcare industry is undergoing a profound digital transformation. Connected medical devices, electronic health records (EHRs), telemedicine platforms, and cloud-based health systems have revolutionized patient care delivery. However, this interconnected ecosystem has created unprecedented cybersecurity challenges. Healthcare organizations now face sophisticated threats targeting sensitive patient data, and digital health…
The Next Frontier of Supply Chain Security: Congress Trains Its Sights on Robotics
In introducing the American Security Robotics Act of 2026, Senators Tom Cotton (R-AR) and Chuck Schumer (D-NY) have extended a now familiar congressional playbook into a new and consequential domain: robotics. The bill would prohibit executive agencies from procuring or operating unmanned ground vehicle systems (UGVs) manufactured or assembled by “covered foreign entities,” a term that targets companies tied to adversarial nations such as China.
The legislation also reflects early signs of bicameral alignment. Representative Elise Stefanik (R-NY-21) has introduced companion legislation in the House, signaling that concerns regarding robotics systems manufactured by certain foreign entities are not confined to a single chamber or party.
At one level, the proposal is straightforward. At another, it reflects a maturing legislative architecture that has evolved across successive National Defense Authorization Acts (NDAAs) and related statutes—an architecture that is increasingly product-specific, attentive to supply chain risk, and focused on issues of data access, operational control, and systemic vulnerability.
Above The Law: Justice Sotomayor Advises Law Students On AI Adoption — There Should Have Been A Stronger Warning
By Sean
“You must learn to master the dangerous hallucination machine to do good in the world” sounds like an opening line from a Young Adults novel about the folly of rapid technological advancement. It also summarizes a Supreme Court justice’s advice to law students on becoming fluent in AI usage. Law.com has coverage: AI systems are the “new…
Here Comes Claude For Word
By Sean
Anthropic has just released Claude for Word in Beta – in itself a major move, but even more significant is that the AI giant is intentionally targeting lawyers. And this may impact several legal tech companies. For example, on the dedicated Anthropic page for Claude for Word, it lists several ‘example use cases’. The very…
AI Exclusions in Insurance Policies: Broad Language, Uncertain Impact
By Jay Konkel & Hadhy Ayaz
As generative artificial intelligence (gen AI) becomes embedded in day-to-day commercial operations across virtually every sector, businesses are confronting a parallel rise in litigation and regulatory risk tied to AI development, deployment, and disclosure. Insurers are responding in kind. Perhaps in recognition that many traditionally worded liability policies may otherwise respond to AI-related claims, a…