In recent developments, a survey has revealed that numerous U.S. companies are not fully equipped to handle critical national security compliance risks. The majority of corporate decision-makers are focusing on audits and incident response plans for risk mitigation, rather than allocating additional resources to compliance measures. ([law360.com](https://www.law360.com/corporate/articles/2395524/gc-cheat-sheet-the-hottest-corporate-news-of-the-week?utm_source=openai))
In the realm of environmental litigation, a South Carolina state judge dismissed a lawsuit filed by the city of Charleston seeking damages from oil and gas companies for greenhouse gas pollution and climate change impacts. The court determined that such litigation does not belong in state courts. ([law360.com](https://www.law360.com/articles/2374973/gc-cheat-sheet-the-hottest-corporate-news-of-the-week?utm_source=openai))
On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has issued a policy statement permitting new publicly traded companies to use mandatory arbitration clauses. This move has raised concerns among Democrats, who warn that it could limit shareholders’ ability to pursue class actions. ([law360.com](https://www.law360.com/articles/2390152/gc-cheat-sheet-the-hottest-corporate-news-of-the-week?utm_source=openai))
In the technology sector, Oracle has agreed to monitor the U.S. operations of social media platform TikTok. This arrangement follows a deal that transfers 80% of the formerly Chinese-owned subsidiary to a U.S.-based joint venture. ([law360.com](https://www.law360.com/articles/2392994/gc-cheat-sheet-the-hottest-corporate-news-of-the-week?utm_source=openai))
These developments underscore the evolving landscape of corporate compliance, environmental litigation, regulatory policies, and technology oversight, highlighting the need for companies to stay vigilant and adaptable in their legal strategies.