SEC announced its enforcement results for fiscal year 2023, reporting the following key metrics and highlights: 3% increase in number of actions filed, $4.949 billion in financial remedies, individual accountability remains a priority, continued focus on meaningful cooperation, and a record-breaking year for Whistleblower Program.
Jeffrey Neuburger from Proskaur discusses the implications of a data scraping suit that was filed by a major airline against an award travel search site that aggregates fare and award travel data.
OpenAI's legal team is facing potential upheaval as over 700 employees, including key legal figures Jason Kwon and Che Chang, threaten to leave following the ouster of CEO Sam Altman, amidst rapid expansion of the legal and public policy staff.
It's now become vital for general counsel to proactively develop policies for Generative AI in enterprises, focusing on areas like risk tolerance, use cases, decision rights, and disclosure practices. These guidelines are crucial for both aligning with potential future legal regulations and managing current applications of generative AI effectively.
