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News
TikTok Lied About Harmful Content For Minors, Texas Judge Rules
3+ day, 4+ hour ago (116+ words) news.bloomberglaw.com TikTok Inc. deceived the public about its ability to keep sexually-explicit and other inappropriate content away from minor users in violation Texas law, a state court judge ruled Thursday. The ruling is a victory for Texas Attorney…...
Most Auditors Using AI Without a Formal Strategy, Study Shows
3+ day, 10+ hour ago (81+ words) news.bloomberglaw.com Auditing teams are leveraging AI but many do not have a formal use strategy in place for the technology, a Gartner survey found. About 93% of 161 chief audit executives reported some level of AI use, according to a…...
PwC Agrees to Settle Valeant Investor Lawsuit for $96 Million
3+ day, 7+ hour ago (87+ words) Bloomberg Law News PricewaterhouseCoopers LLP would pay $96 million to investors in Valeant Pharmaceuticals, now known as Bausch Health Cos., under a proposed settlement of class claims that the firm made false statements in a 2014 audit. The deal deserves preliminary approval,…...
Nicholas Air Fails in Bid to Appeal ALJ Finding for Fired Pilot
3+ day, 7+ hour ago (116+ words) Bloomberg Law News A federal appeals court rejected Corr Flight S.'s petition to appeal an administrative law judge’s order granting back pay and attorney’s fees to a pilot captain-in-training the company suspended and fired after he reported a safety violation....
Maritime Firms Unlawfully Transferred Union Work, NLRB Rules
3+ day, 8+ hour ago (113+ words) Bloomberg Law News A consortium of interconnected maritime companies violated federal labor law by unilaterally taking work away from union employees, the National Labor Relations Board ruled. Centerline Logistics Corp. and four related companies — all of which qualified as a…...
Texas Justices Seek Litigation Finance Input After Panel’s ‘No’
3+ day, 8+ hour ago (86+ words) Bloomberg Law News Texas is moving closer to requiring disclosure of outside finance in litigation, even after a committee recommended against it last summer. One of several rough draft scenarios discussed by the advisory group Thursday would keep private the…...
Nubank Speeds Up US Launch Through Lead Bank Partnership (1)
3+ day, 13+ hour ago (105+ words) Nubank Speeds Up US Launch Through Partnership With Lead Bank Bloomberg Law News Nu Holdings Ltd. will start its US operations immediately rather than waiting for full approval from regulators, speeding up its timeline by partnering with another bank while…...
Bankman-Fried Asks Supreme Court to Review His Fraud Conviction
3+ day, 9+ hour ago (128+ words) Bloomberg Law News FTX co-founder Sam Bankman-Fried asked the US Supreme Court to review his 2023 fraud conviction and 25-year prison sentence in a last-ditch legal effort to win his freedom, according to his lawyer. Bankman-Fried, who was convicted in 2023 of…...
Attorney’s ‘Birth Justice’ Trademark Bid Blocked by Former Firm
3+ day, 9+ hour ago (53+ words) Bloomberg Law News An attorney can’t register a “Birth Justice” trademark that she designed and introduced to her former firm because the firm used it before she did, a trademark tribunal ruled Thursday. Learn more about Bloomberg Law or Log…...
Cambridge Analytica Still Haunts Meta in Court: California Brief
3+ day, 16+ hour ago (109+ words) Bloomberg Law News Cambridge Analytica Isn’t Over for Meta Meta is facing the first state trial over the Cambridge Analytica scandal, with New Mexico accusing Facebook of misleading users for years about how it handled personal data and enforced its…...