Claims relating to statements about artificial intelligence (“AI”) have rapidly become a focal point in securities litigation. Similar to the past surge of “greenwashing” claims tied to climate change disclosures, in 2024 we witnessed a dramatic rise in “AI washing” securities class actions, in which companies are accused of overstating or misrepresenting the significance and capabilities of AI in their products and services….
By: WilmerHale
By: WilmerHale
