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SEC To Check Firms' Preparedness For AI Cyberattacks

Concept image showing a cyberattack on a computer network, crime and fraud.

By Jessica Corso

The U.S. Securities and Exchange Commission said Friday that it plans to scrutinize financial firms' use of artificial intelligence in order to ensure that the companies are guarded against cybersecurity attacks.


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  • Signage for Gilead in front of a multistory building
    Gilead Reaches $45M Settlement To End Kickback Claims

    By Spencer Brewer

    The Texas Office of the Attorney General on Thursday announced that pharmaceutical company Gilead Sciences Inc. ...(read more)

  • A suburban house with a green lawn and a gray slate walkway leading up to it, passing by a For Sale sign.
    Treasury Proposes Barring Big Investors From Buying Homes

    By Isaac Monterose

    The U.S. Department of the Treasury has proposed a rule that would bar large institutional investors from buying...(read more)

  • 'Grave Errors': 5th Circ. Boots Judge After AI 'Botch Job'

    By Jeff Overley

    A Mississippi federal judge's careless use of artificial intelligence tools led to "sloppy edicts" riddled with "falsehoods and fabrications," the Fifth Circuit held in a Thursday night opinion removing the judge from litigation over an anti-DEI law in the Magnolia State because of his "extraordinarily grave errors."

  • Reed Smith Seeks 2nd Circ. Emergency Stay In Eletson Row

    By Bonnie Eslinger

    Reed Smith urged the Second Circuit in an emergency motion to pause lower court decisions requiring the firm to turn over client files related to shipping company Eletson, saying the courts have "presumed the outcome" of a bankruptcy appeal before scheduled December oral arguments.

  • 'Stop Playing Games': Ill. Judge Floats T-Shirt TM Contempt

    By Lauraann Wood

    The founder of an apparel company that lost a "This We'll Defend" slogan infringement trial and appeal has one week to comply with the permanent injunction requiring him to relinquish property bearing the trademark or be held in contempt of court, an Illinois federal judge said Thursday.

  • Russia Must Put Up Security In $50B Yukos Award Suit

    By Caroline Simson

    England's Court of Appeal on Thursday ordered Russia to put up nearly £1 million in security as it appeals the enforcement of some $50 billion in arbitral awards to former shareholders of Yukos Oil Co., citing a "real risk" that the country could refuse to pay if it's unsuccessful.

  • Roundup MDL Atty Fund 'Cries Out' For Review, 9th Circ. Told

    By Dorothy Atkins

    Plaintiffs' firms urged the Ninth Circuit to reverse a ruling Thursday requiring them to contribute 8% of their recovery fees to a common benefit fund in multidistrict litigation over Monsanto's Roundup weed killer, arguing the judge ignored a special master's recommendation and the issue "cries out for some appellate supervision."

  • Anthropic Can't Get 'Claude Mythos' TMs Yet, USPTO Says

    By Theresa Schliep

    The U.S. Patent and Trademark Office issued initial denials of Anthropic PBC's request to register the term "Claude Mythos" for its artificial intelligence products, preliminarily finding that the term would likely be confused with an existing registration.

  • 9th Circ. Affirms Verdict Clearing Shyamalan Of Infringement

    By Elliot Weld

    The Ninth Circuit on Thursday upheld a jury's decision clearing Apple Inc. and filmmaker M. Night Shyamalan of allegations that they stole an independent filmmaker's work for the Apple TV show "Servant," rejecting arguments of improper jury instructions.

  • 6th Circ. Weighs Ford's $13M Trade Secrets Verdict

    By Melanie Dorsey

    A panel of the Sixth Circuit on Thursday questioned whether Ford should have to surrender $13.2 million in profits from a vehicle interface module after a jury found the automaker misappropriated a supplier's trade secrets, pressing attorneys on whether the award improperly included profits generated by features unrelated to the disputed technology.

  • Va. State Senator Accused Of Using Office To Aid Pot Shop

    By Jared Foretek

    Democratic Virginia state Sen. L. Louise Lucas was charged in a federal indictment unsealed Thursday with racketeering, money laundering, conspiracy to distribute marijuana and conspiracy to commit wire fraud, accused of running a criminal enterprise through a Portsmouth hemp shop.

  • Zurich Gets 11th Circ. To Shrink Solar Co.'s Coverage Win

    By David Aaro

    Zurich American Insurance convinced the Eleventh Circuit on Thursday to narrow First Solar Electric LLC's $12.2 million jury win in a coverage dispute over rain damage, but the appeals court backed the bulk of damages awarded to the Georgia solar farm.

  • California Jury Clears San Francisco In DA Worker's Bias Case

    By Bonnie Eslinger

    A California jury on Thursday ended a decadelong, precedent-setting race bias suit brought by a Black San Francisco prosecutor's office worker who claims that the city inadequately responded after a co-worker called her a racial slur, finding that there was no racial harassment or retaliation.

  • FTC Wants More Info On Curium's $8B Deal For Lantheus

    By Matthew Perlman

    The Federal Trade Commission has requested additional information about Curium's planned $8 billion acquisition of fellow radiopharmaceutical company Lantheus Holdings Inc., extending a waiting period that prevents the transaction from closing.

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Latest News

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From The Courtroom

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    The Committee on Rules of Practice and Procedure's recently recommended update to Rule 45 of the Federal Rules of Civil Procedure wo... (read more)
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    In “The Odyssey,” Odysseus succeeds because he abandons the search for a perfect answer, highlighting for litigators why successful ... (read more)
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    The NBA's recent investigation into whether the Los Angeles Clippers circumvented salary cap rules offers an unusually detailed look... (read more)
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