On July 29, 2024, the Standing Committee on Ethics and Professional Responsibility of the American Bar Association (“ABA”) published Formal Opinion 512, providing guidance on the ethical use of generative…
On July 18, 2024, in the landmark SEC v. SolarWinds Corp. case, U.S. District Judge Paul Engelmayer dismissed the majority of the claims brought by the U.S. Securities and Exchange Commission (the…
On July 11, 2024, the New York State Department of Financial Services (the “NYDFS”) adopted Insurance Circular Letter No. 7 regarding the Use of Artificial Intelligence Systems and External Consumer…
Debevoise’s Data Strategy and Security group recently assisted four leading trade associations that represent the financial services industry in preparing a joint comment letter in response to the Cybersecurity and…
This is the second post in our two-part Debevoise Data Blog series covering the U.S. Treasury Department’s report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”). In…
June 27, 2024 On June 24, 2024, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) released five new Compliance & Disclosure Interpretations…
In an unprecedented settlement, on June 18, 2024, the U.S. Securities & Exchange Commission (the “SEC”) announced that communications and marketing provider R.R. Donnelley & Sons Co. (“RRD”) agreed to…
Luke Dembosky, Avi Gesser, Erez Liebermann, Jim Pastore, Matt Kelly, and Johanna Skrzypczyk were all recognized by The Legal 500 US in the category Cyber Law (Including Data Privacy and Data…
On May 17, 2024, Colorado passed Senate Bill 24-205 (“the Colorado AI Law” or “the Law”), a broad law regulating so-called high-risk AI systems that becomes effective on February 1,…
Luke Dembosky, Avi Gesser, Erez Liebermann, Jim Pastore and Matt Kelly were all ranked by Chambers & Partners in the Privacy & Data Security: Cybersecurity category. For this category, Chambers…