legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Bankman-Fried Prosecutors Call Off Second Trial
Bankman-Fried Prosecutors Call Off Second Trial
January 02, 2024  |  Legal

Disgraced cryptocurrency wunderkind Sam Bankman-Fried will not face another criminal trial. The FTX founder, already convicted on fraud and conspiracy charges connected to the collapse of his...

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Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
December 29, 2023  |  Legal

Wirecard’s insolvency manager, Michael Jaffé, filed a lawsuit in a court in Stuttgart against accountancy firm EY. The lawsuit claims 1.5 billion euros (about $1.66...

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New Wage Regulations Are Transforming the Economics of Restaurant Delivery
New Wage Regulations Are Transforming the Economics of Restaurant Delivery
December 28, 2023  |  Delivery

With changing wage laws shaking up the economics of restaurant delivery, key players have begun changing their approach. For instance, in California, a new minimum...

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Nothing Transformative About OpenAI’s Copyright Abuses, Says New York Times Lawsuit
Nothing Transformative About OpenAI’s Copyright Abuses, Says New York Times Lawsuit
December 27, 2023  |  Artificial Intelligence

News publisher The New York Times said it owns over 3 million registered, copyrighted works. On Wednesday (Dec. 27), the NYT sued both Microsoft and...

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Apple Wins Legal Victory as Court Lifts Watch Ban
Apple Wins Legal Victory as Court Lifts Watch Ban
December 27, 2023  |  Apple

Apple can resume selling its latest smartwatches in spite of a recent import ban. A federal appeals court on Wednesday (Dec. 27) paused that ban, CNBC reported,...

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New York Times Sues Microsoft and OpenAI Over Use of Content
New York Times Sues Microsoft and OpenAI Over Use of Content
December 27, 2023  |  Legal

The New York Times filed a lawsuit against Microsoft and OpenAI, alleging copyright infringement. The newspaper claimed the tech companies used its content without permission...

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Sophisticated AI Systems Have Experts Rethinking Regulating Intellectual Property
Sophisticated AI Systems Have Experts Rethinking Regulating Intellectual Property
December 27, 2023  |  artificial intelligence

The democratization of technology has led to, in some ways, the democratization of intellectual property (IP).  And artificial intelligence (AI) has supercharged this trend.  “We...

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This Week in AI: Standard Setting, Voice Interfaces and the Law
This Week in AI: Standard Setting, Voice Interfaces and the Law
December 22, 2023  |  Artificial Intelligence

This year was generative artificial intelligence’s big coming-out party. And this week served as a highlight reel. PYMNTS has covered how the novel technology has...

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Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
Apple Stops Online Sales and Repairs of Smartwatches in Patent Dispute
December 21, 2023  |  Apple

Apple stopped selling its latest smartwatches, the Apple Watch Series 9 and Apple Watch Ultra 2, in its online store Thursday (Dec. 21) due on...

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