WeWork’s Chapter 11 filing adds to a growing list of venture-capital favorites that have gone bankrupt, giving investment firms a fresh reason to more thoroughly vet companies before pouring money into them.
Read more at Bloomberg Law
Michigan has earned the dubious distinction of being one of just 17 states with no law protecting against costly, frivolous lawsuits that are used to intimidate and silence critics. As a result, these states earned an “F” in the 2023 Anti-SLAPP Report Card, recently released by the Institute of Free Speech. In fact, according to the report card, Michigan earned 0 out of 100 points.
Read more at Detroit Metro Times
Michigan is the only state that criminalizes surrogacy contracts, but bills aim to change that
In Michigan, not only are surrogacy contracts unenforceable and void, but they are illegal. Michigan is the only state to criminalize surrogacy contracts.
Read more at Michigan Advance
Wall Street's top regulator must correct "defects" in a new rule on share buybacks adopted earlier this year, a federal appeals court has ruled, marking a partial win for powerful trade groups waging the legal challenge against it.
Read more at Investing.com
The consumer protection agency on Friday announced finalized amendments to its Safeguards Rule requiring lenders that aren’t banks—including mortgage brokers and auto dealers—to report information about the scope of security incidents affecting the unencrypted data of 500 or more customers “as soon as possible,” and within 30 days at most.
Read more at Bloomberg Law
White House unveils AI executive order, requiring companies to share national security risks with feds
President Biden on Monday will sign what the White House is calling a "landmark" executive order that contains the "most sweeping actions ever taken to protect Americans from the potential risks of AI systems."
Among them is requiring that artificial intelligence developers share their safety-test results – known as red-team testing – with the federal government.
Read more at Fox News
FTC Issues Annual Report to Congress on Agency’s Actions to Protect Older Adults
Adults 60 and older report losses of $1.6 billion in 2022 to scams, investment scams are top reported by dollars lost
Read more at FTC.gov
A judge said Jones can’t use bankruptcy to avoid paying $1.1 billion he owes parents of the Sandy Hook massacre victims for airing lies about them on his talk show. That came 13 days after Cardi B scored a big victory in her battle to collect nearly $3 million from a blogger who falsely claimed, among other things, that the singer had been a prostitute and had herpes.
Read more at Bloomberg Law
Ghost guns are firearms without serial numbers that virtually anyone can assemble from parts, often purchased in a kit. In 2022, the ATF issued a rule to make clear that federal laws governing the sale of firearms – requiring, for example, background checks for purchases and imposing record keeping obligations – apply to ghost guns.
Read more at SCOTUSblog
