Brendan Emmet Quigley

Oct 29, 2024 | jdsupra.com | Matthew Baker |Brendan Emmet Quigley

The SEC kicked off its fiscal year by bringing enforcement actions focused on AI and cyber disclosures. As discussed in more detail below: These actions again show SEC Enforcement prioritizing “hot button” issues like AI and cyber, highlighting, for example, a company’s statements about its use of AI in what otherwise appeared to be a fairly garden-variety securities fraud case.

Oct 1, 2024 | jdsupra.com | Richard Harper |Brendan Emmet Quigley |Margaret Welsh

On September 23, 2024, the Department of Justice updated its guidance on the Evaluation of Corporation Compliance Programs to include questions specifically focused on companies’ use and implementation of artificial intelligence. While the guidance does not have the force of law, it provides a useful set of considerations for executives, board members, compliance officers and other key stakeholders in companies that use AI for commercial purposes or in compliance programs.