Since OpenAI launched ChatGPT in November 2022, the race to capitalize on emerging artificial intelligence (AI) technologies has super-charged the financial markets. The stock prices of AI-associated companies, such as Nvidia and Super Micro Computer, have soared. Several AI-related companies — such as, for example, Astera Labs and Rubrik — have recently successfully completed IPOs,
Latest from Kevin LaCroix - Page 11
#MeToo Back in the Spotlight?
I am sure many readers were as surprised as I was by the news last week that the New York Court of Appeals had overturned the disgraced former movie producer Harvey Weinstein’s sexual misconduct-related criminal convictions, apparently due to evidentiary decisions the trial court made. With the #MeToo phenomenon as a result back in
Australian Regulator Wins First Greenwashing Enforcement Action
As ESG-related litigation has developed, one definitive trend has been the emergence of litigation involving allegations of “greenwashing” – that is, claims alleging that companies overstated their ESG credentials in order to win business, attract customers, or score virtue points. To date, the greenwashing claims have emerged primarily in the U.S. and Europe.
Security Screening Company Hit with AI-Related Securities Suit
Last week, when I wrote about two recent AI-related SEC enforcement actions, I noted that the SEC’s public statements when it announced the enforcement action settlements not only underscored the SEC’s AI-related concerns but also illustrated the kinds of issues that could lead to private securities litigation brought by investors who claim they were misled
More AI-Related IP Lawsuits Filed Against OpenAI and Microsoft
Some readers may recall that at the end of last year, the New York Times very publicly sued OpenAI and Microsoft for copyright infringement, in connection with the defendants’ alleged use of the newspaper’s content for purposes of training chatbots and other AI tools. Although this kind of lawsuit is pretty far outside the blog’s
Guest Post: Lessons from the Rescission of Elon Musk’s $55.8B Option Grant
On January 30, 2024, Delaware Chancellor Kathaleen McCormick issued a 200-page post-trial opinion voiding the $55 billion compensation package that the Tesla board had approved for the company’s CEO, Elon Musk. In the following guest post, Priya Huskins, Esq., Senior Vice President at Woodruff Sawyer, takes a detailed look at Chancellor McCormick’s opinion