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TOP NEWS
Judge Denies Firms' Bid To Clarify CFPB's MoneyLion Deal
By Katryna Perera
A New York federal judge has denied a request by consumer advocate law firms to add clarifying language to the Consumer Financial Protection Bureau's recently approved $1.75 million settlement with MoneyLion Technologies Inc., noting that the advocates did not seek to intervene in the suit and that the CFPB and MoneyLion both oppose the request.
Letter attached |
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POLICY & REGULATION
Top Groups Lobbying The FCC
By Christopher Cole
As the Federal Communications Commission returned to full operations in November after a government shutdown, groups lobbying the FCC remained busy on issues ranging from a Global Positioning System backup to spectrum sharing and the upcoming FCC auction of upper C-Band airwaves.
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ENFORCEMENT
LITIGATION
Character.AI Exec Can't Exit Teen's Suicide Suit, Mom Argues
By Jonathan Capriel
The co-founder of Character.AI should not be allowed to escape a wrongful death lawsuit accusing the platform and its creators of building a large language model that encouraged a 14-year-old boy to kill himself, the teen's mother argued in Florida federal court, saying the founder essentially controlled the company, so much so that it was his alter ego.
Response attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
An SEC panel has asked the agency to adopt regulations that could standardize the way publicly traded companies report details about AI use. Meanwhile, the FCC approved AT&T's $1 billion UScellular deal after AT&T became the latest of the big three mobile carriers to agree to do away with diversity, equity and inclusion policies. These are some of the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
Gupta Wessler LLP and Block & Leviton LLP lead this week's edition of Law360 Legal Lions, after the Eleventh Circuit revived a proposed class action against NextEra Energy Inc. that seeks to hold the energy company liable for a share price drop that followed political interference allegations involving a subsidiary.
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