Artificial intelligence could drive greater efficiency and lower costs in the finance sector but U.S. Securities and Exchange Commission Chair Gary Gensler warned Wednesday about companies potentially making false claims about using the technology, a nefarious practice known as “AI washing.” Companies should be “truthful about what they’re saying about…

A 2023 Georgia High Court Ruling Is Now Playing Out in Plaintiffs’ Favor | Daily Report Page Printed From: https://www.law.com/dailyreportonline/2024/01/17/a-2023-georgia-high-court-ruling-is-now-playing-out-in-plaintiffs-favor/ (Credit: PhotoSpirit/Adobe Stock) NEWS The Supreme Court of Georgia ruling that clarified that ‘use’ of a motor vehicle ‘is not limited by statute terms ‘actively in use’ ‘as a vehicle’…

A former associate accused Troutman Pepper Hamilton Sanders in a federal lawsuit on Wednesday of wrongfully terminating her employment as retaliation for complaining about racist behavior by several of the firm’s partners. The suit, filed by former associate Gita Sankano in the U.S. District Court for the District of Columbia, alleges that Sankano…

As the widely predicted recession of 2023 failed to materialize, many in the legal industry are slowing emerging from their proactive belt-tightening measures and readjusting to current economic realities. In particular, there’s still much focus on technology spending, and while the cost of generative AI is predicted to start coming down…

Big Four Japanese firm Nishimura & Asahi has been hired by Mitsubishi UFJ Financial Group (MUFG) and its alliance partner Morgan Stanley Securities to defend it against 66 investors who are claiming compensation for having lost tens of millions after buying Credit Suisse’s additional tier 1 (AT1) bonds from the broker.…

When Thai lawyer Kudun Sukhumananda left Weerawong, Chinnavat & Partners in 2015, he set out to build the largest law firm in Thailand—one that would strike a balance in the spread of power and equity and be equipped to thrive even after his leadership waned.   Initially, an expansive head count…