Creighton Macy
Washington, District of Columbia, United States
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Ruslan Murshudzade
A federal judge in Virginia last week asked lawyers to explain why they should not be sanctioned for submitting a filing that appeared to include "fictitious cases," as well as "made-up quotations" from real opinions. Judges in other cases have considered or imposed sanctions in similar situations. This incident has once again highlighted the potential for issues of accuracy and reliability in legal processes using AI. Considering this, The American Bar Association (ABA) has published the first official guide detailing the ethical rules that lawyers should follow when using artificial intelligence (AI) tools. Here are the main parts of these ethics rules: Lawyers should take utmost care to ensure the confidentiality of client information when using AI tools. AI tools cannot replace the legal knowledge and experience of lawyers. Lawyers should not forget that AI tools are only an auxiliary tool and they should make the final decision on legal matters themselves. Lawyers are responsible for verifying the accuracy of information produced by AI tools. Therefore, any information generated by AI should be carefully reviewed and verified. You can find more detailed information by clicking the link:
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Christopher Cain
In this article of the biweekly series, "Five Compliance Best Practices Every Multinational Company Should Consider for," my Foley colleagues provide best practices for setting up an international compliance infrastructure. Click below to read more. #Compliance #BestPractices #Manufacturing
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Mark A. York
MDL CaseWatch, where relevant orders and court rulings are posted daily! Follow MDL's, Complex Litigation and State Court Consolidations. Case focused media and white papers are also published. Create your own sub-briefcase under "MyMDL" to track and get weekly updates on torts you are following or where you have cases filed!
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Harris St. Laurent & Wechsler LLP
Robust directors and officers (D&O) insurance just became even more critical, as HSW partner Evan Bolla explains in an article for Law360 analyzing a U.S. Supreme Court ruling impacting third-party releases in bankruptcy proceedings. Weighing in on pharmaceutical giant Purdue Pharma’s bankruptcy case over its role in the national opioid crisis, the court held that non-debtors cannot be discharged from a Chapter 11 reorganization unless all affected claimants consent to it. Third-party releases in Purdue’s bankruptcy plan would have protected its owners, the Sackler family, from civil liability. However, because some creditors hadn’t consented and the Sackler family was not part of the debtor’s estate, the court found those releases were not permitted and therefore void under the Bankruptcy Code. To understand how this ruling will impact companies, directors, officers, and future claims, see the full article: https://bit.ly/3WeUi0G #D&OInsurance #USSupremeCourt #Chapter11Bankruptcy #PurduePharmaBankruptcy
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Jennifer Driscoll
Whether or not the FTC's rule on non-competes takes effect on September 4, there are four key actions in-house counsel should take now to protect competitively sensitive information and ensure compliance with antitrust laws. For more insights, check out our article recently published by the Association of Corporate Counsel Docket. The article, co-authored by Abby Warren and Michaelynn Ware, provides valuable information on this critical topic. #inhousecounsel #ACC #noncompetes.
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Ezhil Namadurai
📢 Rhode Island Becomes the 20th State to Enact Data Transparency and Privacy Protection Act On June 25, 2024, Rhode Island passed significant legislation to enhance data privacy: 🔹 Scope: - Targets for-profit entities in Rhode Island or serving its residents. - Applies to companies processing data of 35,000+ customers or 10,000+ customers if 20%+ revenue is from data sales. 🔹 Exclusions: - Data under HIPAA, FCRA, DPPA, FERPA, GLBA, employment-related data, state entities, and non-profits. 🔹 Key Requirements: - Implement reasonable security practices. - Obtain consent for sensitive data processing. - Provide detailed privacy notices. - Disclose data sales and usage for targeted advertising. - Conduct and document data protection assessments. 🔹 Consumer Rights: - Access, correct, delete, and port data. - Opt out of targeted advertising and automated profiling. - Use authorized agents for opt-out requests. 🔹 Enforcement: - Rhode Island Attorney General enforces the Act. - Effective January 1, 2026. #DataPrivacy #RhodeIsland #Legislation #DataProtection #PrivacyLaw
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Christopher Cain
Last month, the U.S. Department of Justice Antitrust Division and the Federal Trade Commission filed a joint comment with the Federal Energy Regulatory Commission (FERC) raising concerns about FERC’s blanket authorization policy, which, among other things, allows holding companies, including investment companies, to acquire noncontrolling ownership interests in public utility companies, subject to certain conditions. #Energy #AntitrustAndCompetition #FERC
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