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TOP NEWS
FTC Tosses Ban On AI-Fueled Tool For Stifling Innovation
By Allison Grande
The Federal Trade Commission on Monday threw out a 2024 order that imposed a ban on an artificial intelligence-powered writing assistance service that allegedly enabled its subscribers to generate false and deceptive online reviews, concluding that the prior directive was inconsistent with the Trump administration's current policy against undermining innovation in the emerging AI field.
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Trump Admin Sues To Undo Ill. Immigrant Protection Laws
By Celeste Bott
The Trump administration sued the state of Illinois on Monday, claiming two recent state laws allowing for civil legal action against any law enforcement agent who knowingly violates the Illinois or U.S. Constitution and prohibiting civil arrests in and around state courthouses unlawfully discriminate against federal officers and violate the supremacy clause.
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SECURITIES & BANKING
Major Banks Want Loan Rate Collusion Suit Tossed
By Katryna Perera
Several major banks urged a Connecticut federal judge to toss a proposed class action alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses, arguing the suit fails to plead evidence of a conspiracy among the banks.
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New Class Action Claims CIBC, RBC Rigged Quantum Shares
By Katryna Perera
A Quantum Biopharma investor has filed a proposed class action against several major Canadian banks, accusing them of running a spoofing scheme for years that artificially drove down Quantum's stock price — flooding exchanges with fake sell orders to mislead the market and buy shares at deflated prices, costing ordinary shareholders millions.
Complaint attached |
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CRYPTO & FINTECH
ENERGY & ENVIRONMENTAL
EMPLOYMENT & BENEFITS
PUBLIC INTEGRITY
CYBERSECURITY & PRIVACY
OPM Must Face DOGE Data Access Suit
By Bonnie Eslinger
A New York federal judge has denied the U.S. Office of Personnel Management's bid to end a lawsuit claiming it unlawfully gave employment records to President Donald Trump's Department of Government Efficiency, saying its assertion that the alleged privacy law violation "effects" have been "eradicated" is unsupported by the record.
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COMPETITION
CONSUMER PROTECTION & PRODUCT LIABILITY
TELECOMMUNICATIONS
EXPERT ANALYSIS
LEGAL INDUSTRY
Catching Up With Delaware's Chancery Court
By Jeff Montgomery
Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.
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