Law firm Fenwick & West sued for $525M over alleged role in FTX collapse
A group of 20 victims from five countries or jurisdictions has filed a $525 million lawsuit against Fenwick & West LLP, one of Silicon Valley’s...
Tag : law
Law enforcement freezes $41M connected to $150M crypto Ponzi collapse
Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, has had its domain seized by law enforcement days after allegedly rug-pulling users....
Colorado Lawmakers Move to Replace Contentious AI Law With New Rules
In brief Colorado lawmakers plan to repeal and replace the state’s AI law, SB24-205. New rules would regulate AI used in high-stakes decisions like jobs...
US law firm attempts to block transfer of frozen ETH from Kelp exploit
A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are...
Elon Musk’s Fight With Colorado Over AI Law Hits Pause as State Considers Revisions
In brief xAI and Colorado jointly moved to pause the lawsuit over SB24-205. Enforcement of Colorado’s AI law is on hold while lawmakers consider amendments....
Trump DOJ Backs Elon Musk's xAI in Fight Over Colorado AI Bias Law
In brief The DOJ moved to intervene in xAI’s lawsuit challenging Colorado’s AI discrimination law. The department argues the law violates the Constitution by requiring...
Tether freezes $344M USDt stablecoins at US law enforcement request
The stablecoin issuer cited “activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses....
Top Law Firm Admits to AI ‘Hallucinations’ in Bankruptcy Filing Tied to Alleged Scam Network
In brief Law firm Sullivan & Cromwell has admitted that a recent filing in a high-profile case included AI “hallucinations.” The firm said AI output...
US law firm apologizes after AI hallucinations made it to a legal filing
Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion....
Mississippi Law School Requires AI Training as Courts Grapple With the Tech
In brief Mississippi College School of Law now requires all first-year students to take an AI course. The move follows courtroom incidents involving faulty AI-generated...