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WacoWatch
|May 1, 2024
|2 Min Read
Judge Pitman Grants Motion To Stay Pending Post-Grant Proceedings
Defendants Bayerische Motoren Werke (BMW) and Robert Bosch GmbH (Bosch) (collectively, defendants) filed an opposed motion to stay the district court litigation pending ex parte reexamination of all asserted claims of the U.S. Patent No. 7,502,958 (the’958 Patent) and inter partes review of 10 out of the 25 claims of the ’958 Patent.
Capital Markets & Securities Law Watch
|April 30, 2024
|6 Min Read
SEC Targets “AI Washing” by Companies, Investment Advisers, and Broker-Dealers
With consumer and investor interest in artificial intelligence (AI) surging, there has been heightened concern among regulatory agencies, including the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), with companies engaging in a deceptive practice the FTC and SEC have dubbed “AI washing.”
Benefits Blast
|April 29, 2024
|5 Min Read
The U.S. Department of Labor Finalizes its Most Recent Definition of an Investment Advice Fiduciary
On April 25, 2024, the U.S. Department of Labor’s Employee Benefits Security Administration (the Department) published the Retirement Security Rule: Definition of an Investment Advice Fiduciary (the 2024 Fiduciary Rule). The 2024 Fiduciary Rule defines when a person is considered a fiduciary under Title I and Title II of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with providing investment advice or making an investment recommendation to a retirement investor. In addition to the 2024 Fiduciary Rule, the Department also finalized amendments to certain Prohibited Transaction Exemptions (PTEs) to reflect the Department’s updated definition of an investment advice fiduciary.
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