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Personal Data of 3 Billion People Stolen in Hack, Suit Says (1)
WEBAug 2, 2024 · Cassandre Coyer. Jerico Pictures Inc., a background-check company doing business as National Public Data, exposed the personal information of nearly 3 billion individuals in an April data breach, a proposed class action says. On April 8, a cybercriminal group by the name of USDoD posted a database entitled “National Public Data” on a …
Podcasts | Bloomberg Industry Group News
WEBOn The Merits. On The Merits brings you the biggest stories of the week from Bloomberg Law and Bloomberg Government, coupled with smart interviews and analysis on a variety of legal and government topics. You’ll hear voices and perspectives from across the industry, including reporters, editors, attorneys, legal scholars, and government ...
Nasdaq Delisting Threat Is Tricky for Companies Trading Below $1
WEBDec 13, 2023 · Chief among the deficiencies has been failure to maintain at least a $1 closing bid price per share for 30 consecutive business days. As of Dec. 8, 557 companies listed on these exchanges were trading below $1 per share, up from fewer than a dozen in early 2021, according to Dow Jones market data. Of these companies, 464 were listed …
Wells Fargo Sued Over Alleged $4 Billion Cash Sweep Profits
WEBAug 1, 2024 · Wells Fargo & Co. breached its fiduciary duties to its customers by paying them only nominal interest on their cash accounts while making $4 billion in net interest from those accounts in 2023, a class action complaint filed in federal court says. Net interest income is the difference between the amount of interest that Wells Fargo pays to or …
Covid Vaccine Injury Suit May Fuel Federal Overhaul, Litigation
WEBNov 3, 2023 · Manufacturers may face litigation, attorneys say. A lawsuit by Covid-19 vaccine recipients claiming they were injured by their shots may usher in long-awaited changes to how the federal government handles immunization injuries. Individuals frustrated by the HHS program designed to compensate them for their injuries are taking their …
Why Are Lawyers Still Making Bad AI Mistakes? (Podcast)
WEBMar 21, 2024 · Lawyers have filed briefs in court that contain citations totally fabricated by AI tools. And a law firm in New York got a dressing down from a judge for using AI to estimate the fees it was entitled to. Katherine Forrest, a former federal judge and current partner at the firm Paul Weiss, talks with Bloomberg Law reporter Isabel Gottlieb about …
Biden Signs Sweeping Order Regulating Artificial Intelligence
WEBOct 30, 2023 · President Joe Biden signed an executive order on artificial intelligence that establishes standards for security and privacy protections and requires developers to safety-test new models — casting it as necessary regulation for the emerging technology. “To realize the promise of AI and avoid the risk, we need to govern this technology,” …
Supreme Court's UBS Case Buoys Whistleblowers Across Industries
WEBFeb 9, 2024 · Thursday’s Supreme Court decision sends the case of former UBS research strategist Trevor Murray back to the Second Circuit for further proceedings, 12 years after he was fired from UBS. Murray argues he was fired in retaliation for raising concerns to his supervisor about undue pressure from a UBS securities trading desk to write his reports ...
Election Throws Potential Wrench Into Capital One-Discover Deal
WEBAug 1, 2024 · Capital One Financial Corp. ‘s proposed $35 billion acquisition of Discover Financial Services will require a new administration to quickly show its cards on bank merger policy if the approval drags into next year. The deal, announced in February, awaits approval from the Federal Reserve and the Office of the Comptroller of the Currency, …