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JPMorgan settles for $100m over SEC charges
JPMorgan Chase has agreed to pay $100m to settle charges from the Securities and Exchange Commission (SEC) regarding misleading disclosures related to “conduit” products. These products pooled customer funds for investment in private equity and hedge funds. The SEC’s announcement on Thursday detailed that the settlement includes a $10m civil fine, with the remaining $90m…
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Google fights back in AI lawsuit
Google has objected to the plaintiffs’ plans to introduce new information while consolidating an artificial intelligence (AI) copyright lawsuit involving a group of artists and a journalist. Initially resistant, the parties agreed to merge their lawsuits, alleging that Google unlawfully used their copyrighted works to train its AI models. However, Google is contesting the plaintiffs’…
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Women lawyers on boards face biases, breaking barriers
Women lawyers are joining corporate boards at higher rates but still face stereotypes and biases that hinder faster progress. Male-dominated networks of CEOs and CFOs have traditionally controlled board recruitment, often overlooking female attorneys as strategic assets, says Paul Hastings partner Tara Giunta. Despite these challenges, organizations like DirectWomen are pushing boundaries; since 2007, its…
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Mintz and other law firms support Election Day voting, some with paid time off
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo is once again giving its employees a paid day off for the 2024 Election Day, following its initiative from 2020. Despite this, many firms that previously offered full days off during the 2020 election have not confirmed similar plans this year. Firms like Hogan Lovells and Paul, Weiss,…
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DOJ rebuked over money-laundering settlement with TD Bank
Sen. Elizabeth Warren (D., Mass.) has rebuked the U.S. Justice Department over a $3bn money-laundering settlement with Toronto-based TD Bank that did not include the prosecution of bank executives. In a letter sent last week to Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco, Warren criticized DOJ for not charging the bank with…
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SCOTUS halts voter roll restoration in Virginia
The Supreme Court’s conservative majority has upheld Virginia’s recent voter registration purge aimed at removing non-U.S. citizens, a move led by Governor Glenn Youngkin’s administration. The court’s decision, opposed by the three liberal justices, follows a federal judge’s finding that the purge wrongfully canceled over 1,600 registrations, potentially violating the National Voter Registration Act’s 90-day…
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