Tue.Jul 30, 2024

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In First Ethics Ruling on Gen AI, ABA Says Lawyers Must Have Reasonable Understanding of the Technology, But Need Not Become Experts

Law Sites

In its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and limitations of the specific generative AI technology the lawyer might use.

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Tuning Into Your Intuition Can Change Your Life

Attorney at Work

Gray Robinson | How do you quiet the mental chaos so you can hear what your intuition is trying to tell you? The post Tuning Into Your Intuition Can Change Your Life appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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Paxton AI Releases Benchmarking Data Showing 94% Accuracy Of Its Legal Research Tool; Also Releases New ‘Confidence Indicator’ Feature

Law Sites

With hallucinations continuing to haunt applications of generative AI in the legal field, Paxton AI, a startup for contract review, document drafting and legal research, today released results of a benchmarking study that showed its product achieved 93.82% average accuracy on legal research tasks.

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Coons/Cotton RESTORE Patent Rights Act Would Abrogate eBay

IP Watchdog

Senators Chris Coons (D-DE) and Tom Cotton (R-AR) today introduced a bill to restore the presumption of injunctive relief to patent owners facing infringement. The Realizing Engineering, Science, and Technology Opportunities by Restoring Exclusive (RESTORE) Patent Rights Act of 2024 would essentially abrogate eBay v. MercExchange, a case that many patent owners argue has played a key role in weakening the value of patents in the decades since the ruling.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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Deep Dive Recap: Marketing & Reporting Essentials in Lawmatics

Lawmatics

Marketing and reporting are the key drivers of a law firm's profitability. But how do you ensure your marketing efforts hit the mark and your reports provide actionable insights? Join Lawmatics Product Manager Devon as she guides you through the essentials of optimizing your marketing efforts using Lawmatics. From creating stunning HTML emails that captivate clients to precisely segmenting your audience for targeted campaigns, Devon provides a step-by-step guide to revolutionize your approach.

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Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday.

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More Trending

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Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics

Insurance Journal

Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics.

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Wells Fargo faces lawsuit for alleged sham DEI hiring effort

Legal Dive

The bank is said to have interviewed diverse candidates for jobs that were already filled or for which they weren’t qualified to polish its DEI credentials.

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Coastal Texas Braces for Insurance Rate Increase at Upcoming TWIA Meeting

Insurance Journal

The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will consider raising rates as climate change increases the chances of more severe storms and damages become more costly.

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Outside Investments in Civil Litigation Jeopardize U.S. Innovation and Productivity

IP Watchdog

Strong intellectual property rights are a cornerstone of the modern American economy. When inventors and creators know that their work will be protected, they are more likely to invest time, money, and resources into developing new ideas and technologies. This, in turn, leads to the creation of new products, services, and entire industries, which drive economic growth and create jobs.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse

Insurance Journal

Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more.

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Some companies pay ransomware attackers multiple times, survey finds

Legal Dive

Robust cybersecurity risk management begins in the boardroom given the costs of disruption and tighter regulatory oversight.

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South Alabama Woman Charged With 11 Counts of Insurance Fraud

Insurance Journal

An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports.

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COURT REFUSES TO EXTEND TIME FOR SERVICE OF THE CLAIM FORM: CLAIMANTS COME TO GRIEF

Civil Litigation Brief

In Playfair & Ors v Pannells LLP & Ors [2024] EWHC 1933 (Ch) Master Brightwell refused the claimants’ application for an extension of time for service of the claim form. The application was made before the time of expiry for.

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Indiana Contractor Faces $199K Fine for Exposing Workers to Deadly Falls

Insurance Journal

Twice in less than two weeks, federal workplace safety inspectors found an Indiana contractor exposing employees to deadly risks of falls from elevation while they did framing work at two homes under construction in Perrysburg, Ohio Inspectors with the U.S.

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COST BITES 174: A TRUSTEE IN BANKRUPTCY HAS NO SPECIAL STATUS WHEN IT COMES TO COSTS: “HE HAS NOT SUGGESTED THAT, HAD HE WON, HE WOULD NOBLY DECLINE TO ASK FOR HIS COSTS”

Civil Litigation Brief

We are returning to the judgment of HHJ Paul Matthews (sitting as a High Court Judge) in Broom v Aguilar [2024] EWHC 1961 (Ch). The judge rejected an argument that a different order for costs should be made because the respondent/clamant.

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Ohio Supreme Ct.: Chicken Wings Advertised as ‘Boneless’ Can Have Bones

Insurance Journal

Consumers cannot expect boneless chicken wings to actually be free of bones, a divided Ohio Supreme Court ruled last week, rejecting claims by a restaurant patron who suffered serious medical complications from getting a bone stuck in his throat.

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Another AI Hallucination Case with Sanctions Threatened Because of ‘All-Too-Human’ Mistakes

E-Discovery Team

No attorney ever wants to read something like this in a Court Order responding to their court filing: Iovino’s objections are incorrect on the merits and appear to cite fictitious cases and made-up quotations.

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Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store

Insurance Journal

U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co.

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Eponymous Brand Names – Use at Your Own Risk (or Reward)

IP Watchdog

The conventional wisdom given to burgeoning designers is never to name your brand after yourself. Yet designers rarely heed that advice, hoping to capitalize on the cache associated with their names when they are first starting out, and then selling the exclusive rights to use their names to larger companies, especially those with a portfolio of other brands under their belts.

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Wells Fargo Must Face Lawsuit Over Sham Job Interviews

Insurance Journal

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S.

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Would the SEC’s Cybersecurity Controls Claims against R.R. Donnelley Survive the District Court’s Analysis in Solar Winds? — Cady Education

Securities Docket

Meanwhile, the SEC filed its much broader cybersecurity case against Solar Winds Corporation and its Chief Information Security Officer last October in the Southern District of New York. That matter included fraud charges but also alleged corporate violations of Section 13(b)(2)(B) and Rule 13a-15. Section 13(b)(2)(B) On July 18th, the District Court issued an order largely granting the defendants’ motion to dismiss.

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Former Exec Keating Pleads Guilty to Scamming Allied World Insurance for $1.5M

Insurance Journal

A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks.

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SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL, MATIC) in Binance Case

Securities Docket

The U.S. Securities and Exchange Commission (SEC) may be dropping it’s charges against so-called third-party tokens, such as Solana’s SOL and Polygon’s MATIC, which have been part of its case against Binance, according to a court filing early Tuesday morning. According to the filing, the SEC has already informed the defendants, Binance and affiliated entities (namely Binance.US and founder Changpeng Zhao), that it “intends to seek leave to amend its complaint, including w

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AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage

Insurance Journal

A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit firm focused on infrastructure debt that oversees more than €7.7 billion ($8.3 billion) in committed capital.

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AUDIT COMMITTEE AND AUDITOR OVERSIGHT UPDATE

Securities Docket

A research paper published in the Journal of Business Ethics finds that companies that use “trust words,” such as “character,” “ethics,” and “honest,” in the MD&A section of their SEC Form 10-K “have lower information content” in their earnings announcements than firms that do not use trust words. In Can We Trust the Trust Words in 10?Ks?, Myojung Cho (Lubin School of Business, Pace University), Gopal V.

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Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Insurance Journal

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system?

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ExxonMobil climate liability case to proceed in Connecticut

Legal Dive

The ruling marks the latest development in a lawsuit initiated by Connecticut Attorney General William Tong in 2020 seeking to hold the oil major accountable.

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Coastal Communities Get $575M to Guard Against Floods, Other Disasters

Insurance Journal

The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures to address climate-related flooding and other disasters.

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Boeing put speed over safety: DOJ plea deal

Legal Dive

The Justice Department criticized the company for failing to properly implement safety and compliance in its manufacturing.

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Wildfire Smoke May Be Worse for Your Brain Than Other Air Pollution, Study Says

Insurance Journal

Wildfire smoke may be worse for brain health than other types of air pollution, according to new research linking it to an increased risk of dementia.

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Webinar Replay: How to leverage Microsoft Teams Premium as your entry level Generative AI tool

Legal IT Insider

In this highly interactive webinar with senior executives from Symity and Microsoft, we looked at how law firms can leverage the new functionality in Teams Premium and how it can […] The post Webinar Replay: How to leverage Microsoft Teams Premium as your entry level Generative AI tool appeared first on Legal IT Insider.

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Cowbell Secures $60M Series C Funding From Zurich

Insurance Journal

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a global multiline insurer.

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‘Months of obfuscation’: Ikea’s evidence destruction costs $566K

Legal Dive

A court had ordered the employer to produce email files related to ongoing age discrimination litigation.

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Highstreet Expands Florida Footprint With Flagler Insurance Agency

Insurance Journal

Michigan-headquartered Highstreet Insurance Partners, a rapidly growing, multistate insurance agency, has added to its Florida presence with the acquisition of Flagler Insurance Agency, based in Palm Beach, Florida. The terms of the deal were not reported.

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