News
Legal and legal technology news, distilled daily.
SEC Clarifies Broker-Dealer Rules for Non-Custodial Crypto Wallet Providers
SEC issues April 13, 2026 guidance on broker-dealer registration for crypto wallet interfaces, clarifying regulatory obligations for legal teams in digital assets.
Lawsuits Surge Over Faulty Cookie Banners and Wiretapping Claims
Over 1,000 lawsuits allege wiretapping violations from faulty cookie consent banners. Legal teams must watch for pitfalls as regulators target opt-out compliance.
Elite unveils AI-powered billing risk detection, eyes wider AI integration
Elite launches Elite Validate, an AI-powered billing compliance tool, and reveals plans to embed agentic AI across legal financial workflows, enhancing accuracy and efficiency.
Courts Mandate New AI Disclosure and Certification for Litigation
Courts in the US and abroad are issuing new rules on AI use in litigation, requiring disclosure, certification, and confidentiality provisions as AI transforms legal practice.
OFAC Expands Sanctions Scrutiny Beyond 50% Ownership for Indian Firms
New OFAC guidance urges Indian businesses to assess sanctions compliance beyond 50% ownership, focusing on control and influence to avoid regulatory penalties.
Pump-and-Dump Securities Lawsuits Surge With Social Media’s Influence
A wave of class actions targets low-float IPOs and social media giants for enabling pump-and-dump schemes, signaling new risks for legal and compliance professionals.
Harvey’s Pereyra Details Legal AI Agents’ Growth and Challenges
Harvey president Gabe Pereyra outlines the rapid adoption of legal AI agents and firm world models, spotlighting both opportunities and emerging challenges in law firm automation.
Virginia Tightens Noncompete Rules, Adds Severance and Healthcare Worker Protections
Virginia enacts new laws barring noncompetes for healthcare professionals and requiring severance for enforceable agreements, signaling stricter employment contract rules.
LAPD Officer Testifies in Teen's Fatal Shooting Civil Trial
LAPD Officer William Dorsey Jones Jr. testifies in the civil trial over Valentina Orellana-Peralta's 2021 death, focusing on liability and police use of force.
EPA Adds Microplastics to Drinking Water Watchlist
EPA names microplastics to its Contaminant Candidate List, opening the door for future regulation and new compliance risks for corporate legal teams and utilities.
Majority of Corporations Unready for AI Audits, 2024 Survey Finds
Most companies risk failing AI governance audits, with only 7% fully prepared. Legal teams face urgent compliance and data risks as AI outpaces internal controls.
Federal Judge Lets OpenAI Face Suit Over ChatGPT-Linked Murder-Suicide
A federal judge allows a lawsuit against OpenAI over ChatGPT's alleged role in a Connecticut murder-suicide to advance, setting up a test case for AI developer liability.
California Sanctions Lawyers for Fake AI-Generated Case Citations
Three California attorneys face disciplinary action for submitting AI-generated fake case citations, marking a new chapter in legal ethics and AI governance.
Court: Spirit Must Pay TSA Fees on Canceled, Unused Tickets
The 11th Circuit ruled Spirit Airlines must remit TSA security fees even on tickets for flights that passengers canceled and did not fly, impacting airline fee practices.
California Judge Blocks ChatGPT User Over Stalking Allegations
A California court ordered OpenAI to suspend a user’s ChatGPT access after stalking claims, raising new legal questions for AI companies about user misuse and moderation.
BigLaw Survey: Record Salaries, But Associates Log 13-Hour Days
Above the Law data reveals first-years make $225K, while associates at major firms like Milbank average over 13-hour days despite high pay.
BigLaw Cools Hiring Amid Deal Slump and Leans Into Tech Upskilling
BigLaw firms slow hiring as M&A and private equity deals decline, pivoting to litigation, compliance, and tech-driven associate training.
Hollywood Unites Against Paramount-Warner $111B Merger in Open Letter
More than 1,000 Hollywood professionals, including A-list stars and directors, have signed an open letter opposing the $111B Paramount-Warner merger, citing antitrust concerns.
AI Sanctions, ABA Recusal Rules Mark New Era in Legal Ethics
A roundup of 2026's key legal ethics updates: record-breaking AI sanctions, judges embracing AI, and ABA clarifying lawyer duties on judicial recusal.
D.C. Circuit Scrutinizes FTC’s Probe of Media Matters Nonprofit
D.C. Circuit judges challenge FTC’s authority in investigating Media Matters over X advertiser boycotts. The case may clarify limits on FTC actions and First Amendment protections.