Thomson Reuters and Casetext Discuss AI Integration and Future Developments at ILTACON 2023

The $600 million acquisition of Casetext by Thomson Reuters (TR) was consummated on August 17, 2023. TR is an established industry stalwart renowned for its extensive legal content, while Casetext is a foremost authority in the rapidly evolving field of legal artificial intelligence (AI). This merger has garnered a lot of attention, speculation, and projections…

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Data Breach Class Action Waivers Face Scrutiny After Fourth Circuit’s Marriott Ruling

In a meaningful development for corporate law professionals, the Fourth Circuit, on August 18, 2023, decertified nearly 20 million putative class action claims originating from a 2018 data breach involving Marriot Hotels. The decision reversed the district court’s certification, requiring the latter to determine from square one if all the supposed plaintiffs had, in effect,…

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DOJ Faces Allegations of Unfair IT Contract Awards as MetroStar Systems Raises Protest

In a contentious turn of events, MetroStar Systems, Inc. has raised a protest against the decision made by the Department of Justice (DOJ) to issue five indefinite-delivery, indefinite-quantity (IDIQ) contracts related to information technology support services. MetroStar Systems alleges that the DOJ’s examination of offerors’ technical proposals was both unreasonable and unequal, and has questioned…

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Transformative Impact of Diversity, Equity, and Inclusion in Law Firms

The principles of diversity, equity, and inclusion (DEI) have recently emerged as powerful forces within the corporate environment, particularly within the technology industry. A quiet transformation is taking place, driven not by flamboyant slogans or banners, but instead by a commitment to cultivate a positive work culture that sparks innovation and improves employee retention.Read More…

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AI Governance: UK Interim Report Sets the Stage for Global Regulatory Standards

In an era defined by remarkable strides in artificial intelligence (AI), the question of effective governance of this rapidly evolving technology has become pressing. There was a significant milestone on August 31, 2023, with the publication of the Governance of Artificial Intelligence: Interim Report by the Science, Innovation and Technology Committee of the UK government,…

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Navigating Complex Construction Litigation: The Role of Tech Savviness and E-Discovery Solutions

When it comes to arduous discovery in construction litigation, improving technological savviness may be key. Alex Thrasher, a litigation associate in the construction practice of Bradley Arant Boult Cummings, alongside Paige Hunt, the Vice President of global discovery solutions at Lighthouse, emphasize the importance of embracing technology to navigate complex construction project litigations. Thrasher, based…

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Navigating the AI Revolution: Transforming Education through Generative Technologies

The rise of Artificial Intelligence (AI) in society remains a topic of considerable significance, specifically in the context of education. Modern schools are now navigating the AI revolution, with administrators, teachers, and students starting to embrace this technology’s realm. The burgeoning field of Generative AI, a sub-sector of artificial intelligence, is transforming how humans create…

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Generative AI’s Impact on Law Firms: Accelerating Legal Software Development

Generative AI, with its capacity to comprehend and manipulate the English language, is showing budding potential in the automation of numerous legal tasks, such as document creation and knowledge management. Yet, its unique proficiency with coding languages may also profoundly transform the tech departments and offshoots of several established law firms. The advanced capabilities of…

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Cadence Bank Data Breach Exposes Customer Information, Emphasizes Importance of Cybersecurity Laws

Cadence Bank confirmed that a data breach involving MOVEit, a file transfer application, has compromised customer information. The breach, which was discovered and notified to the Montana Attorney General on September 15, 2023, exposed sensitive data held by the bank, including customer names, addresses, dates of birth, Social Security numbers, driver’s license numbers and financial…

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SEC Settles Charges Against Monolith Resources for Violating Whistleblower Protection Rule

The U.S. Securities and Exchange Commission (SEC) on September 8, settled charges against Monolith Resources LLC, a privately held technology and energy company based in Nebraska. The SEC’s enforcement action alleged that Monolith had violated the SEC Whistleblower Protection Rule 21F-17 by employing restrictive employee separation agreements. The SEC Whistleblower Protection Rule 21F-17 is part…

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Mexican Senate Approves Virtual Shareholders Meetings Amid Evolving Corporate Governance

In a unanimous decision on Sept. 12, 2023, the Mexican Senate has approved a draft Decree to reform certain sections of the General Law of Commercial Companies (Ley General de Sociedades Mercantiles or LGSM). This revision is indicative of an evolving approach to corporate governance that incorporates technology and reflects the modern-day business environment. The…

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Choosing the Right Court Reporting Agency for Complex Intellectual Property Litigation

Selecting an apt court reporting agency for your Intellectual Property (IP) case is pivotal to achieving a favorable outcome. According to a recent report on JD Supra, IP litigations are characterized by their complexity, high confidentiality, and substantial scale. Such cases frequently feature high-profile parties, source code considerations, and international depositions, necessitating a court reporting…

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Navigating Patent Law Complexities: Wireless Charging for Implanted Medical Devices Case Sparks Change

In recent years, the Federal Circuit has faced novel challenges in understanding and interpreting patent laws. An interesting situation has risen from a decision of a case involving wireless charging through skin for implanted medical devices. According to JDSupra’s depiction of the case, the Federal Circuit highlighted the Patent Trial and Appeal Board’s (PTAB) adoption…

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European Payment Sector’s Transformation: M&A Activities and Emerging Trends in September 2023

In the ever-evolving world of European financial services, September 2023 has shown compelling trends in M&A activities as service providers seek to scale up, expand their reach and exploit new technologies. In particular, the payment sector has been rife with activity. Amidst economic uncertainties and regulatory challenges that blend into a proverbial storm cloud, some…

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Cryptocurrency Custody Services Expand Amid Regulatory Scrutiny

In the midst of the engulfing digitization, financial services across the globe are transitioning towards expanding cryptocurrency custody services. With the pervasive spread of digital financial transactions, key issues have come to the fore, particularly with regard to the regulatory environment around crypto assets. A significant recent development has been seen in Singapore, where a…

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SEC Increases Enforcement Actions on Unregistered NFT Offerings: Impact on Blockchain Industry

The U.S. Securities and Exchange Commission (SEC) has increased its regulatory enforcement action against unregistered offerings of non-fungible tokens (NFTs). Over the past two weeks, the SEC announced two actions against major NFT platforms, notably Impact Theory, LLC and Stoner Cats 2, LLC. These enforcement measures derive from unregistered offerings of cryptocurrency asset securities by…

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