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☆ Jennifer Williams-Alvarez — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-12 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Jennifer Williams-AlvarezJennifer Williams-Alvarez is a reporter on The Wall Street Journal’s CFO Journal team. Based in New York, she writes about auditing, pensions and corporate finance and governance. Before joining the Journal, she covered public company boards at Agenda, a Financial Times publication. She was previously a reporter at American Lawyer Media’s Corporate Counsel, covering in-house legal departments. Jennifer has been a journalist covering corporate news for 10 years, since she graduated from New York Law School.

Persons: Jennifer Williams, Alvarez Jennifer Williams, Alvarez, Media’s, Jennifer Organizations: Financial Times, New York Law School, M University Locations: New York, Texas

☆ A Texas judge has declared unconstitutional a law championed by Gov. Greg Abbott that limits the power of Democrat-led cities
▼ + stars: | 2023-08-30 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

A Texas judge declared a law that prevented cities from passing some local ordinances unconstitutional. Greg Abbott, a Republican, signed a bill into law in June that prohibited cities from passing certain local ordinances. "I am thrilled that Houston, our legal department, and sister cities were able to obtain this victory for Texas cities," Houston Mayor Sylvester Turner wrote in a statement. "While the judge declared HB 2127 unconstitutional, she did not enjoin enforcement of the law by Texans who are harmed by local ordinances, which HB 2127 preempts," Willey wrote to Insider. "This is a HUGE win for the working people of Texas, local govs, and communities across our state," the Texas AFL-CIO posted in response to the decision.

Persons: Greg Abbott, Maya Guerra Gamble, Sylvester Turner, Gamble's, Paige Willey, Willey Organizations: Republican Gov, Democrat, Service, Republican, Houston, Legislature, Texans, Texas AFL Locations: Texas, Wall, Silicon, Houston

A screengrab from the website of U.S. company Extreme Networks shows Russian manager Sergey Gusakov. The IT equipment sold in Russia by Gusakov's company Vektor-T is assembled in China and contains U.S. microprocessors, according to the people familiar with the matter and photographs seen by Reuters. "These violations will lead to a heavy strike to the reputation of the Extreme company against the background of the war in Ukraine," the complaint said. The photographs obtained by Reuters of the insides of switches sold by DCN and Vektor-T clearly show one of each. "The U.S. technology proportion of DCN products is very small," he said.

Persons: Sergey Gusakov, Gusakov, haven't, Sergey Gusakov’s, spokespeople, DCN, Marvell, Lattice, David Gauthier, Aram Roston, Daniel Flynn Organizations: Marvell Technology Inc, Lattice Semiconductor Corp, Reuters, Handout, REUTERS, Extreme Networks Inc, U.S ., Extreme Networks, Extreme, CIS, China Information Technology Ltd, Marvell, Lattice, U.S, Thomson Locations: China, U.S, Russia, Ukraine, Soviet, Moscow, Gusakov, Kazakhstan, Russian, Oryol, Wilmington , DE, Hillsboro, Villars, Istanbul, Washington

☆ Thomson Reuters to acquire legal AI firm Casetext for $650 mln
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million all-cash deal. One of Casetext's key products is CoCounsel, an AI legal assistant launched in 2023 and powered by GPT-4 that delivers document review, legal research memos, deposition preparation, and contract analysis in minutes, Thomson Reuters said in a statement. California-based Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments. The acquisition of Casetext is another step towards bringing generative AI solutions to customers, said Steve Hasker, president and CEO of Thomson Reuters. Generative AI is a type of artificial intelligence that generates new content or data in response to a prompt, or question, by a user.

Persons: Thomson, Michael Eastwood, Casetext, Steve Hasker, Bharat Govind Gautam, Rashmi Organizations: Thomson Reuters, Thomson Locations: California, Casetext, Bengaluru

☆ Thomson Reuters to acquire legal tech provider Casetext for $650 mln
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Thomson Reuters Corporation (TRI.TO) said on Monday it had agreed to acquire Casetext, a California-based company that provides technology solutions for legal professionals, in a $650 million all-cash deal. Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments, Thomson Reuters said on Monday. The acquisition of Casetext is another step towards bringing generative AI solutions to customers, said Steve Hasker, president and CEO of Thomson Reuters. Casetext was granted early access to OpenAI's GPT-4 large language model, allowing it to develop solutions with the new technology and refine use cases for legal professionals. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomson, Michael Eastwood, Casetext, Steve Hasker, Bharat Govind Gautam, Rashmi Organizations: Thomson Reuters Corporation, Thomson Reuters, Thomson Locations: California, Casetext, Bengaluru

☆ Dimon may have ordered JPMorgan's review of Epstein ties, Virgin Islands says
▼ + stars: | 2023-06-20 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

NEW YORK, June 20 (Reuters) - JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon may have ordered a 2019 review of the bank's relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. Virgin Islands lawsuit is scheduled for an Oct. 23 trial in Manhattan federal court. It referred to a 22-page summary of emails primarily between and among Epstein, Staley and others. A spokesperson for the Virgin Islands said the bank's senior executives "ignored the evidence of Jeffrey Epstein's crimes." JPMorgan is suing Staley to cover its losses in the U.S. Virgin Islands' and Epstein victims' lawsuits.

Persons: JPMorgan Chase, Jamie Dimon, Jeffrey Epstein, Epstein, Jes Staley, Dimon, Staley, Jed Rakoff, Lehman Brothers, Jeffrey Epstein's, Luc Cohen, Nupur Anand, Matthew Lewis Organizations: YORK, JPMorgan, U.S . Virgin, Jeep, Virgin Islands, Barclays, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Florida, New York

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

April 5 (Reuters) - Chipotle Mexican Grill Inc sued fast-casual dining rival Sweetgreen Inc in California federal court Tuesday, claiming the salad chain's new "Chipotle Chicken Burrito Bowl" violates its trademark rights. Chipotle's lawsuit said Sweetgreen's "very similar and directly competitive" bowl is an attempt to capitalize on the Chipotle brand and likely to confuse consumers. Chipotle said it suggested changing the name to something that uses "chipotle in lower-case, in a textual sentence, to accurately describe ingredients of its menu item," like a "chicken bowl with chipotle." Chipotle asked the court for an order blocking Sweetgreen from using the "Chipotle" name and an unspecified amount of money damages. The case is Chipotle Mexican Grill Inc v. Sweetgreen Inc, U.S. District Court for the Southern District of California, No.

☆ Hacker Stole My Phone, Credit Card, Identity. I Set Out to Find Them.
▼ + stars: | 2023-04-02 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +22 min

They left the Verizon store and went to a nearby Apple store, where they used my Chase credit card to spend $6,370. And two, because a physical credit card had been used to make the purchases, even though I was still in possession of my card. Typically, when your credit card is about to expire, as mine was, the bank sends you a new card a few weeks ahead of time. All told, the gang allegedly stole hundreds of identities and defrauded retailers and credit card companies of $1.3 million. Whoever hacked my identity, it makes sense that they started with my credit card.

☆ Mexico government to challenge Supreme Court suspension of electoral reform
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] A general view of the Supreme Court building where Ministers elected a new President for the Supreme Court, in Mexico City, Mexico January 2, 2023.REUTERS/Henry Romero/File PhotoMEXICO CITY, March 26 (Reuters) - The Mexican government said Sunday it would challenge the Supreme Court's temporary suspension of parts of a controversial electoral reform pushed by President Andres Manuel Lopez Obrador. The Supreme Court on Friday halted parts of the reform, which was a scaled-down version of a failed constitutional reform originally sought. The court also confirmed it will consider a lawsuit from independent electoral institute INE that seeks to overturn it. The Supreme Court's statement said in its statement Friday that the case involved "the possible violation of citizen's political-electoral rights." The government has said the reform seeks to reduce the bureaucratic costs of elections and strengthen democratic principles.

SummarySummary Companies Spain's new restructuring law faces looming testCelsa caught between creditors and shareholdersSuccessful outcome seen lifting Spain outlookLONDON/MADRID, Feb 15 (Reuters) - Spain's new restructuring law is just over four months old and already being tested as the economy slows, with companies and officials hopeful it will help cut high bankruptcy rates. Now, a restructuring plan for Celsa, Spain's largest private industrial group with debt worth roughly 2.8 billion euros ($3.04 billion), is going through the courts. LITMUS TESTA court-sanctioned restructuring plan in December for Spanish frozen food retailer Xeldist Congelados allowed it to receive fresh capital and save jobs in a first success for the new law. "The Celsa case shows that creditors can push for a restructuring plan and request the appointment of an expert to assist in the negotiations," said Juan Verdugo, partner at law firm Garrigues. Spain is playing catch up after the EU in 2019 told member states to improve restructuring toolkits.

Companies Twitter Inc FollowAlphabet Inc Follow(Reuters) - Damien Kieran, who resigned as Twitter (TWTR.MX) Inc's chief privacy officer in November after Elon Musk took over the social media giant, has joined photo sharing app-maker BeReal as its top lawyer. Kieran started Monday as general counsel at Paris-based BeReal, he said in posts on LinkedIn and Twitter. Kieran and BeReal, whose popular social media app prompts users to share a daily photo, did not immediately respond to requests for comment. In addition to his role as chief privacy officer, Kieran was also vice president and deputy general counsel at Twitter before leaving in November, according to his LinkedIn account. Other top lawyers, including deputy general counsel James Baker, have also been fired or resigned.

☆ A Twitter employee joked that they would write 'stay employed' for their Q3 goals after Elon Musk's takeover, report says
▼ + stars: | 2023-01-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

A Twitter worker joked about how to stay employed after Elon Musk bought the firm, per a report. Some staff searched for any indication of layoffs on Musk's Twitter feed, the report said. In the wake of Musk's takeover of Twitter in late October, employees were concerned about job cuts at the company, The Verge reported, citing more than 24 current and former Twitter employees. Another employee replied, saying: "Writes, 'stay employed'," the report said. Since Musk took over Twitter, thousands of employees have either resigned or been fired or laid off, Insider's Kali Hays reported.

They said they plan to share the footage with the Justice Department. The main entrance to the Mississippi State Penitentiary at Parchman. Mississippi Department of CorrectionsThe crisis in state prisons had become so acute that Gov. Some changes were already in the works under new leadership, the Justice Department said at the time, with cooperation coming from state officials. The Justice Department did not immediately return a request for further comment.

☆ Zelensky just signed a new law that could allow the Ukrainian government to block news websites
▼ + stars: | 2023-01-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

A new law allows the Ukrainian government to block websites that aren't registered as media. President Volodymyr Zelensky signed the law on Thursday after Ukraine's parliament approved it. Zelenskyy signed the law on Thursday after Ukraine's parliament passed it earlier in December, The New York Times reported. Under the law, Ukraine's media regulator could block websites that are not registered with the government as news organizations, The Kyiv Independent reported on Friday. The version that Zelenskyy signed on Thursday is not as sweeping as a previous draft, which the Federation called "worthy of the worst authoritarian regimes."

Last year, the nation’s largest LGBTQ advocacy organization, the Human Rights Campaign, labeled 2021 the “worst year” for LGBTQ rights in modern U.S. history, citing a record number of anti-LGBTQ bills introduced in state legislatures across the country. “The LGBTQ+ community is really under siege right now,” said Ricardo Martinez, CEO of LGBTQ advocacy group Equality Texas. One bill that was successfully implemented, and gained national headlines for months, was Florida’s Parental Rights in Education law, or what critics have dubbed the “Don’t Say Gay” bill. The word “grooming” has long been associated with mischaracterizing LGBTQ people, particularly gay men and transgender women, as child sex abusers. Those losses came after some conservative groups ramped up misleading or inflammatory campaign ads targeting transgender rights.

☆ Should you hide your side hustle from your employer? Here's what to consider
▼ + stars: | 2022-12-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

So is your hustle something you should disclose to your full-time employer? Side hustle expert Daniella Flores, who uses they/them pronouns, has seen bosses react in multiple ways. At first, their employer was fine with the hustle, but eventually, they gave Flores an ultimatum, asking them, "Would you rather paint or would you rather code?" Whatever you do, though, Flores says, remember not to use company equipment or company time for your hustle. Make sure "you're doing it on your own laptop, on your own time, not onsite at work," says Flores.

☆ Rep. Ro Khanna says balancing regulation and ethics online is key to ensuring technology remains a force for good: 'We need technology to democratize voice in America'
▼ + stars: | 2022-12-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

"I think the trajectory of technology is still a force for good," he told Politico. Despite his concerns about Twitter, Khanna remains optimistic about the potential for technology companies to benefit society. "I think we need technology to solve climate," Khanna told Politico. We need technology to democratize voice in America. The office of Rep. Khanna did not immediately respond to Insider's request for comment.

☆ Elon Musk enlists more than 6 lawyers from SpaceX to bolster Twitter's depleted legal department, report says
▼ + stars: | 2022-12-14 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Elon Musk has brought in more than six SpaceX lawyers to work at Twitter, the NYT reports. After Musk acquired the platform in late October, thousands of Twitter employees were laid off, fired, or resigned from their jobs. More than six SpaceX lawyers were authorized to access Twitter's internal systems, per The Times, citing documents and two people familiar with the matter. SpaceX, Twitter, and Cardaci didn't immediately respond to Insider's request for comment. The SpaceX lawyers aren't the only workers at a Musk-led company reportedly being brought into Twitter.

☆ U.S. Justice Department reportedly split over charging Binance as crypto world falters
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: +15 min

Justice Department regulations say that money laundering charges against a financial institution must be approved by the MLARS chief. Binance's defense attorneys at U.S. law firm Gibson Dunn have held meetings in recent months with Justice Department officials, the four people said. Faced with the Justice Department investigation, Binance hired an external lawyer from U.S. law firm Paul Weiss, Roberto Gonzalez, who was previously Treasury's deputy general counsel. The Justice Department appointed Eun Young Choi, previously Monaco's senior counsel, as NCET's first director. MLARS has a reputation in the Justice Department for moving slowly in reaching prosecution decisions, people familiar with its activities said.

Justice Department regulations say that money laundering charges against a financial institution must be approved by the MLARS chief. Binance's defense attorneys at U.S. law firm Gibson Dunn have held meetings in recent months with Justice Department officials, the four people said. Faced with the Justice Department investigation, Binance hired an external lawyer from U.S. law firm Paul Weiss, Roberto Gonzalez, who was previously Treasury's deputy general counsel. MLARS has a reputation in the Justice Department for moving slowly in reaching prosecution decisions, people familiar with its activities said. Day met with Justice officials in Washington in recent months, three of the people said.

☆ Compass CEO Robert Reffkin told his leadership team to step up managing out low-performing employees, as the company racks up losses and is forced to cut costs
▼ + stars: | 2022-12-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +5 min

Compass CEO Robert Reffkin sent an email to his leadership team on "managing out poor performers." Compass employees were disheartened. "It's also your responsibility to manage out employees who can't, or aren't, performing at that level," Reffkin wrote in the Sunday afternoon message. The full text of the memo was shared with Insider, and a Compass spokesman confirmed Reffkin sent the email. In June, Compass let go of about 450 corporate workers across departments.

☆ The Fed may wreck one of the greatest booms in history of Main Street America
▼ + stars: | 2022-12-06 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

As interest rates rise, inflation lingers and home equity that many business founders use to get started shrinks, small business formations are doing something unexpected – they're rising. If the data persists, the resilience in small business formation points to a "new plateau" of activity that may add millions of jobs to the economy, Haltiwanger says. But the risks include the Fed itself choking off financial conditions so much that the small business boom is smothered. Danny Sweis opened his in the summer of 2022. If that lasts, that means 4 million per year, offset by 2.5 million lost as other small businesses close.

☆ Twitter's clumsy handling of the Hunter Biden laptop story spurred enough bipartisan criticism to risk the existence of the internet as we know it
▼ + stars: | 2022-12-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Twitter's decision to throttle stories about Hunter Biden's laptop prompted bipartisan criticism. Some lawmakers have since called to repeal Section 230, a law "that created the internet." The criticism has since intensified a movement to repeal Section 230, which could change the Internet forever. Much of Taibbi's thread focused on Twitter's handling of the New York Post's October 2020 story about Hunter Biden's laptop, which the Post reported was left in a Delaware repair shop. Representatives for Khanna did not answer questions about the congressman's current position on whether or not to repeal Section 230.

☆ Elon Musk tells Twitter staff that the company spoke with the FTC and will do 'whatever it takes' to comply with government regulations
▼ + stars: | 2022-11-11 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Elon Musk told Twitter staffers that he intends to fully comply with requirements the company is under from the Federal Trade Commission. "I cannot emphasize enough that Twitter will do whatever it takes to adhere to both the letter and the spirit of the FTC consent decree," Musk wrote in his email. Spiro went on to note that Musk is already taking steps to ensure Twitter remains in compliance with the consent decree. Email from Elon Musk, subject line: FTCI cannot emphasize enough that Twitter will do whatever it takes to adhere to both the letter and the spirit of the FTC consent decree. We will of course remain in compliance with teh consent decree and the legal department is handling it and happy to answer any questions.

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