Bank of America is facing a new $200 million lawsuit from Swiss bank UBS, claiming the financial institution has failed to meet its indemnification obligations in litigation over mortgages issued prior to the 2008 financial crisis. The complaint, filed in Manhattan state court on Wednesday, alleges Countrywide Financial— which was…

The American Civil Liberties Union and online industry groups have come out against widely popular legislation that would give the Federal Trade Commission greater authority to protect children’s privacy and regulate marketing toward them on the internet. With the Senate’s 91-3 vote Tuesday, the jointly proposed Children’s Online Privacy Protection…

After briefly weighing in to reinstate a former coal miner’s long-term disability benefits in March, the U.S. Court of Appeals for the Third Circuit released a detailed precedential opinion this week concluding that the worker’s termination of benefits was not based on substantial evidence or the correct job title. The court…

When managing partner Katharina Kolb opened the Munich office of U.S. law firm Lieff Cabraser Heimann & Bernstein in 2020, she knew her business would differ significantly from her U.S. colleagues. The firm is well-known for representing plaintiffs in U.S. class action lawsuits but that’s hardly a profitable business model…

A rear-end collision with a tractor-trailer ended in a more than $500,000 settlement. The case, Stanley v. Ball, was filed in Middlesex County Superior Court. The plaintiff was represented by David Rehe of Brandon J. Broderick Personal Injury Attorney at Law in River Edge, New Jersey. Thomas Gallagher of Thomas…

It’s Here: The EU AI Act Has ‘Entered Into Force.’ Now What? | Legaltech News Page Printed From: https://www.law.com/legaltechnews/2024/07/31/its-here-the-eu-ai-act-has-entered-into-force-now-what/ Credit: Stock Spectrum/Adobe Stock ANALYSIS A number of EU AI Act provisions will come online over the next several years—with the first just months away. Yet even with a long ramp…