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Jan 6, 2025 | 
natlawreview.com | Sheppard Mullin
Skip to main content January 06, 2025 Volume XV, Number 6 Legal Analysis. Expertly Written. Quickly Found.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
On December 19, the U.S. Department of Treasury released a report summarizing key findings from its 2024 Request for Information (RFI) on the uses, opportunities, and risks of Artificial Intelligence (AI) in financial services. The report notes the increasing prevalence of AI, including generative AI, and explores the opportunities and challenges associated with its use.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
On December 30, the Department of Justice (DOJ), at the Federal Trade Commission’s (FTC) referral, filed an amended complaint against an online cash advance provider. The complaint now names the company’s CEO as a defendant, alleging violations of the FTC Act, 15 U.S.C. §§ 45(a), and the Restore Online Shoppers’ Confidence Act, 15 U.S.C. § 8403.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
The topic of “junk fees” has been in the headlines, spurred by legislative action across various sectors. From regulations on credit card late fees to the Federal TICKET Act targeting concert event fees, lawmakers are actively implementing measures that impact how businesses can structure their fees. As part of this nationwide trend, California is taking a significant step with a new law aimed at curbing alleged junk fees associated with ATM transactions.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
As 2024 concludes, financial markets are witnessing significant shifts, particularly within the world of cryptocurrency. As crypto investors profit, many cash out from more volatile assets, such as Bitcoin, to safer options such as real-world asset (“RWA”) tokens—tokenized representations of tangible assets traded on a blockchain, and stablecoins—assets pegged to traditional currencies like the U.S. dollar.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
As 2024 came to a close, New York Gov. Hochul signed two bills (A8872A and S2376B) amending New York’s data breach law. The modifications change both what constitutes personal information under the law, as well as modifying notification timing. The notice modification is now in effect; the change to the definition of personal information does not take effect until March 21, 2025. As amended, companies will now have 30 days from discovery of a breach to notify impacted individuals.
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Jan 3, 2025 | 
natlawreview.com | Sheppard Mullin
On December 26, 2024, in Texas Top Cop Shop, Inc. v. Garland, No. 24-40792, 2024 WL 5224138 (5th Cir. Dec. 26, 2024), a merits panel of the United States Court of Appeals for the Fifth Circuit issued an order vacating the Court’s own stay of the preliminary injunction enjoining enforcement of the Corporate Transparency Act (“CTA”), that was originally entered by the United States District Court for the Eastern District of Texas on December 3, 2024, No. 4:24-CV-478, 2024 WL 5049220 (E.D. Tex.
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Jan 2, 2025 | 
natlawreview.com | Sheppard Mullin
China’s Anti-Unfair Competition Law (“AUCL”) has been amended twice since its enactment in 1993, first in 2017 and another in 2019. On December 25, 2024, the Standing Committee of the National People’s Congress released a Draft Revision to the Anti-Unfair Competition Law (the “Draft Revision”) for public comment. The public consultation period will end on January 24, 2025. Below is a brief analysis of the key revisions proposed in the Draft Revision.
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Sep 24, 2024 | 
money.mymotherlode.com | Sheppard Mullin
Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Zach P. Hutton has joined the firm’s Labor and Employment practice group in San Francisco. Previously Hutton was co-chair of Paul Hastings's nationwide Wage and Hour practice group and chair of its San Francisco Employment Law department. Hutton advises and litigates on behalf of clients in matters involving discrimination and harassment claims, family and medical leaves, and complex wage and hour disputes.
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Sep 17, 2024 | 
money.mymotherlode.com | Sheppard Mullin
Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Benjamin G. Chew, who served as co-lead counsel for Johnny Depp in his successful defamation trial in Fairfax County, Virginia, against former wife Amber Heard, has joined the firm’s Business Trial practice group in Washington, D.C. He joins from Brown Rudnick, where he co-chaired the Brand & Reputation Management group. Associate Honieh Udenka also joined the firm’s Business Trial practice group from Brown Rudnick.
