Regulation of AI – the Path Ahead | Seyfarth Shaw

This post was originally published to Seyfarth’s Gadgets, Gigabytes & Goodwill blog.

Last week, a joint statement was issued by four federal agencies expressing their apprehension regarding the use of AI for discriminatory or anticompetitive purposes and outlining their plans for regulation. This comes on the heels of Elon Musk requesting a “pause” in AI development and meeting with Senator Chuck Schumer to guide the statutory framework of AI management. It also comes as China and the EU unveiled their own proposed laws surrounding the regulation of AI. How will governments across the globe respond to this pivotal technology? And

DOJ Fails Again in a No-Poach Prosecution

A Ruling and Order issued on April 28, 2023 by the US District Court for the District of Connecticut in United States v. Patel, et al. ran the government’s losing streak to four failed trials seeking to criminally prosecute alleged wage-fixing and no-poach agreements.

To review, in 2016 the Department of Justice (“DOJ”) and the Federal Trade Commission (“FTC”) issued Antitrust Guidance for Human Resources Professionals that warned of potential criminal prosecutions for so-called “naked” no-poach agreements, ie , agreements among competing businesses to restrict hiring or compensation of employees, untethered to any legitimate collaborative relationship.

Since 2020, the DOJ …

ROSEN, A Leading Law Firm, Encourages Marathon Digital Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

Published: may. 1, 2023 at 9:38 PM CDT|Updated: 2 hours ago

NEW YORK, May 1, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo
Rosen Law Firm, PA Logo(PRNewswire)

WHY: New York, NY, May 1, 2023. Rosen Law Firm reminds purchasers of the securities of Marathon Digital Holdings, Inc. (NASDAQ: MARA) between May 10, 2021 and February 28, 2023both dates inclusive (the “Class Period”), of the important May 30, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Marathon securities during the Class Period you may be entitled to compensation without payment of any out of pocket

Small Business – Shelby County Reporter

NEW YORK, April 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Norfolk Southern Corporation (NYSE: NSC) between October 28, 2020 and March 3, 2023, both dates inclusive (the “Class Period”), of the important May 15, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Norfolk Southern securities during the Class Period, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Norfolk Southern class action, go to https://rosenlegal.com/submit-form/?case_id=12322

Indian law firms ask entry of foreign firms to be put on hold-letters

NEW DELHI, March 31 (Reuters) – A group of 125 law firms has called for a reform that will allow the entry of foreign firms into India to be put on hold, calling the proposal “discriminatory” and saying it creates an unlevel playing field between local and overseas companies.

In a 20-page letter to the Bar Council of India, dated March 30 and seen by Reuters, the Society of Indian Law Firms (SILF) argued that domestic reforms were needed before the market could be opened.

India’s Bar Council did not respond to Reuters’ request for comment on the letter.

India

Law firm Arnold & Porter hires New York Fed attorney amid banking crisis

(Reuters) – US law firm Arnold & Porter Kaye Scholer said Monday it hired a former top lawyer at the New York Federal Reserve as a partner in the firm’s financial services practice.

James Bergin, who will be based in the firm’s New York office, will advise banking and other financial services clients on regulatory issues as the sector grapples with an ongoing crisis, particularly among US regional banks.

Bergin spent about 18 years at the New York Fed, most recently as acting co-general counsel and deputy general counsel, where he advised on monetary policy and helped the regulator respond

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Block, Inc. and Encourages Investors with Losses to Contact the Firm –

The Schall Law Firm, a national shareholder rights litigation firm, announced that it is investigating claims on behalf of investors of Block, Inc. (“Block” or “the Company”) SQ for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Block is the subject of a report published by Hindenburg Research on March 23, 2023. The report, titled: “Block: How Inflated User Metrics and ‘Frictionless’ Fraud Facilitation Enabled Insiders to Cash Out Over $1 Billion,” alleges that the “‘ the magic’ behind Block’s business has not

NLRB to Release Memo Clarifying Impact of McLaren Macombs on Confidentiality and Non-Disparagement Restrictions | Seyfarth Shaw

The Board sent shockwaves through employment law in its February 21, 2023, decision in Mclaren Macombwhich held that simply offers a draft settlement agreement with broad confidentiality and non-disparagement provisions violated the National Labor Relations Act (“NLRA”). We previously blogged about the mclaren decision and encourage you to read that post for a summary of the decision.

mclaren left unanswered a host of critical questions and, in the month following the decision, employers have not received any further clarity from the Board regarding how this decision will play out in practice. But some clarity—welcome or unwelcome—is coming. At some