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TOP NEWS
Microsoft Brass Face Investor Suit Over AI Business Hype
By Katryna Perera
A Microsoft Corp. shareholder has launched a derivative suit against the company's top brass, claiming they misled shareholders about the company's artificial intelligence business strategy and products, and caused it to violate copyright and intellectual property laws by "training its AI software on copyrighted works for which it did not possess lawful licenses."
Complaint attached |
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ENFORCEMENT
LITIGATION
Del. Chancery Revives Ex-Partner's Fiduciary Claims
By Jarek Rutz
A former Saffron Hill venture capital partner can pursue claims that the firm's founders and general partner breached fiduciary duties by restructuring the business to strip him of the value of his carried interest, even as the Delaware Chancery Court dismissed his contract-based claims challenging the same conduct.
Decision attached |
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PEOPLE
EXPERT ANALYSIS
DOJ China Container Indictments Signal Global Cartel Risk
The U.S. Department of Justice's recent announcement that it had indicted Chinese manufacturers for conspiring to drive up the price of shipping containers sold in the U.S. illustrates the Antitrust Division's interest in pursuing overseas cartel conduct, especially in China, signaling that multinational companies with employees abroad should strengthen antitrust compliance to avoid running afoul of U.S. national security policy, say attorneys at Squire Patton.
Indictment attached |
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LEGAL INDUSTRY
Del. Magistrate Orders JPMorgan To Advance Javice Fees
By Jarek Rutz
The Delaware Chancery Court ruled Thursday that JPMorgan Chase & Co. must advance millions more in disputed legal fees to cover the appeal of the convicted founder of college financial aid startup Frank, concluding the bank failed to meet Delaware's demanding standard for withholding advancement by showing the billing requests reflected "clear abuse."
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