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2 weeks ago | 
news.bloombergtax.com | Cassandre Coyer |Jeff Harrington |Catalina Camia
The consumer privacy ombudsman tasked with analyzing the impact of 23andMe’s bankruptcy sale on individuals’ privacy has called for users’ consent before the sale of the company’s vast trove of genetic data receives court approval. Neil M. Richards told the bankruptcy judge that he couldn’t “conclude with certainty” that the sale of millions of customers’ genetic data is consistent with 23andMe’s privacy policy and statements.
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2 weeks ago | 
news.bloombergtax.com | Cassandre Coyer |Jeff Harrington |Catalina Camia
Companies are at risk of losing a longtime partnership with the federal government in the fight against cyber criminals who wield stolen and fake identities to commit fraud, infiltrate business networks, and divert funds. President Donald J. Trump’s June 6 cybersecurity executive order ignored decade-old efforts to strengthen digital identity verification and stripped away more recent agency directions given by President Joe Biden.
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3 weeks ago | 
news.bloombergtax.com | Tonya Riley |David Jolly |Jeff Harrington
Recent “kids code” legislation passed by Vermont and Nebraska threatens companies with new compliance hurdles. Both the Nebraska Age-Appropriate Design Code Act and Vermont Age-Appropriate Design Code Act protect the covered data of minors under 18 and limit the types of design features companies can use on underage audiences. The Nebraska code was signed into law by Gov. Jim Pillen (R) on May 30 and goes into effect in Jan. 2026. The Vermont code awaits the signature of Gov.
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3 weeks ago | 
news.bloombergtax.com | Andrew Ramonas |Jeff Harrington |Catalina Camia
The SEC can keep 2020 rules that activist investors say stop some environmental, social and governance proposals from getting votes at companies’ annual meetings, a federal judge ruled Thursday. The Securities and Exchange Commission acted appropriately when it adopted the shareholder proposal submission standards aimed at small investors during the first Trump administration, Judge Reggie B. Walton of the US District Court for the District of Columbia said in an opinion.
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3 weeks ago | 
news.bloombergtax.com | Andrew Ramonas |Jeff Harrington
The SEC can keep 2020 rules that activist investors say stop some environmental, social and governance proposals from getting votes at companies’ annual meetings, a federal judge ruled Thursday. The Securities and Exchange Commission acted appropriately when it adopted the shareholder proposal submission standards aimed at small investors during the first Trump administration, Judge Reggie B. Walton of the US District Court for the District of Columbia said in an opinion.
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1 month ago | 
news.bloombergtax.com | Andrew Ramonas |Jeff Harrington |David Jolly
ConocoPhillips and Exxon Mobil are avoiding the “Gulf of America.” Chevron and Hess are jumping in. President Donald Trump’s new name for the Gulf of Mexico, as it has been known since the 16th century, is fueling a corporate divide over what to call the body of water stretching from Florida to Texas. Big companies with ties to the area have deployed various aliases in communications with investors since Trump renamed the gulf in January—if they talk about it at all.
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1 month ago | 
news.bloombergtax.com | David Jolly |Jeff Harrington
AI’s potential to outperform humans in certain functions, as in some aspects of health care, poses malpractice risks for firms and providers when they don’t use the optimal artificial intelligence tools, attorneys and industry insiders say. “I don’t think we’re there yet,” said Annmarie Giblin, an attorney at Norton Rose Fulbright who specializes in cybersecurity, privacy and data management.
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1 month ago | 
news.bloombergtax.com | Cassandre Coyer |Catalina Camia |Jeff Harrington |David Jolly
A crucial step in handling the sale of genetic data from over 15 million 23andMe customers now rests largely in the hands of a law professor. The May 19 announcement that Regeneron Pharmaceuticals Inc. will buy most of the assets of the bankrupt genetic testing provider started a countdown for Washington University School of Law professor Neil Richards, the court-appointed privacy ombudsman, to investigate the company’s privacy policies.
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1 month ago | 
news.bloombergtax.com | Andrew Ramonas |Jeff Harrington |David Jolly
Verizon Communications Inc.‘s deal to acquire Frontier Communications was approved Friday by the FCC, just a day after the carrier wrote to the agency’s chairman saying it was abandoning its DEI policies. Verizon told the Federal Communications Commission in a May 15 letter it was ending DEI responsibilities for employees, removing diversity references from employee training materials, and scrapping quantitative goals for supplier diversity.
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1 month ago | 
news.bloombergtax.com | Cassandre Coyer |Jeff Harrington |David Jolly
The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a spotlight on data security protections as the health-care industry battles increasing cyber incidents. The pharmacy chain filed May 5 for Chapter 11 protection, less than a year since it exited its first bankruptcy in August 2024. A rival pharmacy is expected to acquire its most valuable assets: customers’ prescription information.
