Connecticut Law Tribune

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As SEC Rethinks Foreign Issuer Exemptions, Securities Lawyers Hope for Caution

1 day ago | law.com | Dan Novak

The U.S. Securities and Exchange Commission, in soliciting public comment Wednesday on its definition of a foreign private issuer, singled out Chinese companies incorporated in the Cayman Islands as benefiting from reporting exemptions despite being traded solely in American markets.
Ali Moghaddas on Prosecuting Tom Girardi: ‘He Got This Dead Stare at Me’

1 day ago | law.com | Amanda Bronstad

Tom Girardi was sentenced to more than seven years in federal prison last week for stealing millions of dollars from his clients. Girardi, 86, now with dementia and in poor health, was a titan in the mass tort plaintiffs’ bar before his firm, Girardi Keese, collapsed and prosecutors charged him with embezzling settlement funds from his own clients to support a lifestyle featured on “The Real Housewives of Beverly Hills.” On Aug.
Florida Bar to Pam Bondi Critics: Hands Tied Until She’s Out of Office

2 days ago | law.com | Lisa Willis

The Florida Bar Friday rejected the request from a coalition of dozens of attorneys, former State Supreme Court justices and law professors seeking disciplinary action against U.S. Attorney General Pam Bondi for "serious professional misconduct." According to the third complaint filed with the state Bar, the 59 year-old former Florida Attorney General and State Attorney in Tampa, was accused of threatening Justice Department lawyers with discipline or termination if they failed to “zealously...
Judge Temporarily Blocks Trump's Latest Jab at Harvard

2 days ago | law.com | Emily Cousins

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Reddit Suit Against Anthropic Over Using Content to Train AI Cites Contract, Not Copyright

2 days ago | law.com | Michelle Morgante

Social media platform Reddit, represented by John Quinn and a team from Quinn Emanuel Urquhart & Sullivan, has filed a suit against Anthropic that alleges misuse of its content for AI training without alleging copyright infringement. Reddit alleges Anthropic trained its AI models on data from the site without a proper licensing agreement, profited from the illicit use and violated Reddit’s user agreement.
Firms Use Rebranding to Attract More Talent, Highlight Their Strengths for Clients

2 days ago | law.com | Thomas Spigolon

A number of firms across the Am Law 200 have invested in major rebrands in recent months and years with the return in recruitment of talent and more clarity to potential clients about the firms' strengths possibly leading to more revenue. Holly Kleeman of Fox Rothschild said the Philadelphia-founded firm believes it can quantify its return on investment from its rebranding effort, which took a year to complete before it was launched in November 2023.
FDA's Embrace of AI to Speed Up Drug Approvals Leaves Industry Observers Excited, Uneasy

2 days ago | law.com | John Russell

Under pressure to speed up the review of drugs and medical devices, the Food and Drug Administration is turning to artificial intelligence tools to help its scientific reviewers and investigators aggressively shorten the process.
60 Years of Breaking Barriers: Legal Pioneer Sylvia Walbot Retires

2 days ago | law.com | Cedra Mayfield |Patrick Smith |Lisa Willis

In this week's Legal Speak episode, Carlton Fields shareholder Sylvia Walbolt discusses her legal career that's spanned more than 60 years. Having retired in May, Walbolt sat down with Daily Business Review Senior Litigation Reporter Lisa Willis to discuss how her personal and legal experiences helped her leave a mark on Florida's legal landscape.
FCC Chair Carr’s ‘Delete, Delete, Delete’ Agenda Stalls After Surprise Agency Shakeup

2 days ago | law.com | Dan Novak

Two Federal Communications Commission commissioners are resigning Friday, leaving the FCC with one commissioner short of a quorum to take action. The departure of Republican Nathan Simington and Democrat Geoffrey Starks will leave the FCC with just two commissioners, GOP Chair Brendan Carr and Democrat Anna Gomez. Without a quorum, any commission-level actions such as new rulemaking or waiver requests will be put on hold until the FCC has three members.
Ex-Girardi Keese Partner David Lira Pleads Guilty

2 days ago | law.com | Amanda Bronstad

Former Girardi Keese partner David Lira pleaded guilty on Thursday to charges related to the 2018 Lion Air crash, two days after the firm’s founder, Tom Girardi, was sentenced to more than seven years in federal prison. Lira, who was scheduled for trial next month before U.S. District Judge Mary Rowland, of the Northern District of Illinois, pleaded guilty to one count of failing to comply with a court order to pay Lion Air clients their settlements with Boeing.