The Federal Trade Commission (FTC) has filed a lawsuit against U.S. Anesthesia Partners, Inc. (USAP) and private equity firm Welsh, Carson, Anderson & Stowe, alleging that they engaged in an anticompetitive scheme to consolidate anesthesiology practices in Texas. The FTC claims that USAP and Welsh Carson executed a three-part strategy to monopolize the anesthesiology market … Continue reading FTC Sues Private Equity Firm Engaged in Alleged Anticompetitive Scheme to Consolidate Anesthesiology Practices in Texas
Texas’ New Patient Safety Law Takes Effect
Under the new law: Doctors who’ve had their medical licenses suspended or revoked in other states are now ineligible to practice in Texas. It’s now a Class A misdemeanor to lie on license applications. All physicians must now undergo criminal background checks and fingerprinting with the Texas Department of Public Safety. All physicians must undergo … Continue reading Texas’ New Patient Safety Law Takes Effect
U.S. Copyright Office Seeks Comments on AI Issues
The U.S. Copyright Office has released a request for comment regarding a number of issues related to AI and copyright policy. More on this to come.
Trade Associations React Against SEC’s Newly Adopted Private Fund Advisor Rules
A group of trade associations representing the alternative asset management industry has filed a lawsuit against the US Securities and Exchange Commission (SEC) challenging the SEC's recently adopted Private Fund Adviser rule. The trade associations, including the Managed Funds Association (MFA), argue that the rule will harm investors, fund managers, and markets by increasing costs, … Continue reading Trade Associations React Against SEC’s Newly Adopted Private Fund Advisor Rules
Claim Your Share of the Facebook Cambridge Analytica Settlement
If you are a Facebook user in the United States, you have less than a month to apply for a share of a $725 million privacy settlement that parent company Meta agreed to pay. The settlement is related to a lawsuit alleging that Facebook allowed millions of users' personal information to be accessed by Cambridge … Continue reading Claim Your Share of the Facebook Cambridge Analytica Settlement
Data Collection Abusers Risk Algorithm Disgorgement by FTC
"[I]f the commission finds that a company trained a large language model on improperly obtained data, then it will have to delete all the information along with the products developed from the ill-gotten data." Cyberscoop The Federal Trade Commission (FTC) has a powerful enforcement tool called algorithm disgorgement, which requires companies to delete products built … Continue reading Data Collection Abusers Risk Algorithm Disgorgement by FTC
10 Microcap Companies Penalized for Violating Securities Exemption Requirements
The Securities and Exchange Commission (SEC) has charged 10 microcap companies for offering and selling securities in unregistered offerings that violated Regulation A. Regulation A provides an exemption from registration under the Securities Act, allowing companies to raise money from the public if those companies meet specific requirements. The SEC found that the companies had … Continue reading 10 Microcap Companies Penalized for Violating Securities Exemption Requirements
Sheriff’s Office Faces Lawsuit for Threatening to Arrest Teen for Posting COVID-19 Symptoms on Instagram
A family in Oxford, Wisconsin is suing the local sheriff's department after a patrol sergeant threatened to arrest a teenage girl for disorderly conduct due to her Instagram posts about being infected with COVID-19. The girl, Amyiah Cohoon, had gone on a spring break trip to Disney World and Universal Studios in Florida with her … Continue reading Sheriff’s Office Faces Lawsuit for Threatening to Arrest Teen for Posting COVID-19 Symptoms on Instagram
Lawsuit Brought by Vermont AG Against Clearview AI
Vermont Attorney General TJ Donovan has filed a lawsuit against Clearview AI, a controversial facial recognition company, alleging violations of consumer protection laws and data broker regulations. Donovan is seeking a court order to stop the company from collecting Vermonters' photos and facial recognition data, including that of children. He emphasized the importance of protecting … Continue reading Lawsuit Brought by Vermont AG Against Clearview AI
Justices Consider Maritime Circuit Split Regarding the Effect of Safe-Berth Clauses in Voyage Charters
The Supreme Court recently heard oral arguments in the case of CITGO Asphalt Refining Co. v. Frescati Shipping Co., which centers around the interpretation of a safe-berth clause in a voyage charter under federal maritime law. The case involves a circuit split between the U.S. Courts of Appeals for the 2nd and 3rd Circuits, which … Continue reading Justices Consider Maritime Circuit Split Regarding the Effect of Safe-Berth Clauses in Voyage Charters