Last week, the CFPB took three actions demonstrating the agency’s continued focus on technology companies and personal financial data protection. First, the CFPB issued an interpretive rule explaining the CFPB’s view that many digital marketing providers may be “service providers”
Why Cybersecurity Is a Growing Concern in M&A
The Fortune 500 CEO survey in 2021 found that two-thirds of interviewed CEOs consider cybersecurity risk their greatest concern, far greater than the risks presented by political instability or climate change.[1] They are right to be concerned, particularly in
#Pittsburgh’s Futures 10/x –On Stadium Names, Artificial Intelligence, and Pittsburgh Poetry
The following was published on August 15, 2022 at Postindustrial, a Pittsburgh-based magazine.
By Michael Madison
In mid-July 2022, the Pittsburgh Steelers announced that their stadium, christened “Heinz Field” in a naming rights deal with hometown condiment kings H.J. Heinz
How Auditors Helped Spread Stock-Option Backdating
Stock-option backdating, the practice of changing the reported date of a stock-option grant to an earlier date, proliferated in the 1990s and early 2000s, with nearly one-third of public corporations engaging in it, according to some estimates (Heron and Lie,
The Interplay Between Private Meetings with Investors and Subsequent Earnings Announcements
Since the passage of Regulation Fair Disclosure, managers have increasingly met privately with investors. During these meetings, investors gather useful information by seeking managers’ feedback, pursuing a deeper understanding of publicly available information, and inquiring about company strategy. That information
Gibson Dunn Offers Annual Activism Update for 2021
Announced shareholder activist activity increased relative to 2020. The number of public activist actions (76 vs. 63), activist investors taking actions (48 vs. 41), and companies targeted by such actions (69 vs. 55) each increased. Suchlevels of activism are comparable
The Law Bytes Podcast, Episode 139: Florian Martin-Bariteau on the Artificial Intelligence and Data Act
Bill C-27, Canada’s privacy reform bill introduced in June by Innovation, Science and Industry Minister François-Philippe Champagne, was about more than just privacy. The bill also contains the Artificial Intelligence and Data Act (AIDA), the government’s attempt to begin to scope
Davis Polk Discusses What’s Missing from Bipartisan Bills to Regulate Crypto
In the last few weeks, two bills with the potential to bring needed regulatory certainty to the U.S. digital asset industry were introduced in the Senate with solid bipartisan backing.
In June, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY)
The Real Impact of Voluntary ESG Disclosure Standards
Despite the dramatic increase in corporate-sustainability disclosure in recent years, the absence of uniform reporting standards has prompted concern among investors and companies and led to inconsistent disclosure practices, deceptive green marketing, and a lack of useful information. To better
Bankruptcy-Remote Structuring: Reallocating Risk Through Law
Bankruptcy-remote structuring – structuring an entity to protect it from internal or external factors that might prevent it from paying its debts as they come due or make it the subject of a bankruptcy case – is crucial to a