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On July 11, 2024, the New York State Department of Financial Services (NYSDFS) adopted a final circular about the “Use of Artificial Intelligence (“AI”) Systems and External Consumer Data and Information Sources in Insurance Underwriting and Pricing” (the “Circular”)….By: Hinshaw & Culbertson – Privacy, Cyber & AI

The integration of generative AI tools like ChatGPT has sparked both excitement and concern within the legal community. While AI offers tremendous potential in automating routine tasks, its misuse can lead to severe consequences, as evidenced by a recent discovery decision that has captured the attention of litigators and legal professionals alike. This case, Iovino…

On August 9, 2024, Illinois Governor JB Pritzker signed HB 3773, which amends the Illinois Human Rights Act to address employers’ use of artificial intelligence (AI). Illinois employers that use any automated tools to make employment-related decisions are encouraged to prepare for compliance with the new law, which takes effect on January 1, 2026….By: DLA…

In the ever-evolving landscape of intellectual property law, trade secrets have emerged as a crucial area of focus, particularly in light of recent uncertainties as to the enforceability of non-competes. Since August 2023, significant developments in trade secret law have reshaped strategies and safeguards for businesses worldwide. From landmark court decisions to legislative reforms, here…

Financial Firms Announce Crypto Initiatives, Stablecoin Growth Continues – A major U.S. crypto investment company recently announced the launch of its Avalanche Trust, which “offers investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimize for scalability, network security, and decentralization.”…By: BakerHostetler

On August 22, 2024, Medical Center Barbour (‘MCB”) filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party accessed certain files on its computer network. In this notice, MCB explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes…

On August 21, 2024, Keystone Pacific Property Management (“Keystone”) filed a notice of data breach with the Attorney General of California after discovering that certain files on its network were accessed by an unauthorized party. In this notice, Keystone explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information….By:…

The U.S. Food and Drug Administration (FDA) has issued a Safety Communication advising healthcare providers to stop implanting Equinoxe Shoulder System joint replacement devices manufactured by Exactech. The Safety Communication, which the FDA published on January 16, 2024, identifies issues with Exactech’s packaging that can cause oxidation leading to premature device degradation and failure….By: Searcy…