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On This Day: Antonin Scalia Took His Seat on the Supreme Court in 1986

On This Day: Antonin Scalia Took His Seat on the Supreme Court in 1986

Antonin Gregory Scalia, born on March 11, 1936, in Trenton, New Jersey, embarked on a distinguished legal career that culminated in his appointment...
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King Spalding Expands International Disputes Practice with New Partner and WilmerHale Team Acquisition

King Spalding Expands International Disputes Practice with New Partner and WilmerHale Team Acquisition

King Spalding Expands International Disputes Practice with New Partner and WilmerHale Team Acquisition
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Florida Attorney General Files Lawsuit Against PBMs and Pharmaceutical Companies Over Insulin Price Inflation

Florida Attorney General Files Lawsuit Against PBMs and Pharmaceutical Companies Over Insulin Price Inflation

Florida Attorney General James Uthmeier has initiated a lawsuit against three major pharmaceutical manufacturers—Eli Lilly, Novo Nordisk, and Sanofi—and three prominent pharmacy benefit managers (PBMs)—CVS Caremark, Express Scripts, and Optum Rx. The lawsuit alleges that these entities colluded to artificially inflate the price of insulin and other diabetes medications, thereby enriching themselves at the expense of Florida families. Uthmeier's office claims that the drugmakers deliberately set high list prices for insulin and then provided substantial rebates and fees to the PBMs in exchange for favorable formulary placement. This arrangement, according to the lawsuit, allowed both the manufacturers and PBMs to profit from the rising costs of essential medicines. The legal action also includes the PBMs' associated group purchasing organizations: Zinc Health Services, Ascent Health Services, and Emisar Pharma Services. This lawsuit mirrors previous legal actions by the Federal Trade Commission (FTC) agains...
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DLA Piper Expands Insurance Practice in Lima with New Partner Hires

DLA Piper Expands Insurance Practice in Lima with New Partner Hires

DLA Piper Expands Insurance Practice in Lima with New Partner Hires
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Global Policyholder Alliance Launched to Address Cross-Border Insurance Disputes

Global Policyholder Alliance Launched to Address Cross-Border Insurance Disputes

Global Policyholder Alliance Launched to Address Cross-Border Insurance Disputes
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Virginia Law Defines 'Political Subdivision' for Local Government Self-Insurance Pools

Virginia Law Defines 'Political Subdivision' for Local Government Self-Insurance Pools

Virginia law, specifically Section 15.2-2701 of the Code of Virginia, provides a clear definition for the term 'political subdivision' within the context of Chapter 27, which pertains to Local Government Group Self-Insurance Pools. According to this statute, a 'political subdivision' encompasses any county, city, or town, as well as school boards, Transportation District Commissions, and any other local governmental authority or local agency. It also includes public service corporations that are owned, operated, or controlled by a locality or local government authority. The defining characteristic for all these entities is their power to enter into contractual undertakings. This definition was established through legislative acts in 1986 (chapters 520 and 556, § 15.1-503.4:2) and further refined in 1997 (chapter 587). The purpose of this specific definition is to delineate which entities are eligible to participate in or form local government group self-insurance pools, thereby providing a legal framework ...
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New Mexico Trial Accuses Facebook of Deceiving Users on Privacy, Seeks Billions in Penalties

New Mexico Trial Accuses Facebook of Deceiving Users on Privacy, Seeks Billions in Penalties

Closing arguments have concluded in a New Mexico trial where attorneys for the state accused Facebook of misleading users about privacy protections on its social media platform. The state is seeking up to $5,000 per violation of its Unfair Practices Act and an injunction to prevent future data breaches. This case stems from a third-party personality quiz that allegedly harvested data from approximately 87 million Facebook profiles, which was then sold to the political consulting firm Cambridge Analytica for targeted advertising. New Mexico is the only state to pursue this data breach claim at trial, as 48 other states reached a settlement with Meta (Facebook's parent company) earlier this year concerning child safety and privacy issues related to the same breach. The state estimates that around 350,000 New Mexico residents were affected by the Cambridge Analytica breach, but prosecutors argue that Facebook deceived all 1.3 million users in the state at the time regarding privacy and content moderation.
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Skadden, Arps, Slate, Meagher Flom LLP Releases Quarterly Securities Litigation Roundup

Skadden, Arps, Slate, Meagher Flom LLP Releases Quarterly Securities Litigation Roundup

Skadden, Arps, Slate, Meagher Flom LLP Releases Quarterly Securities Litigation Roundup
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Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates

Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates

Prediction Markets Expand to Natural Disasters, Raising Ethical Concerns and Information Value Debates
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Department of War's Office of Under Secretary for Research and Engineering Targets Effective Altruism Over AI Concerns

Department of War's Office of Under Secretary for Research and Engineering Targets Effective Altruism Over AI Concerns

The official account for the Office of the Under Secretary of War for Research and Engineering has recently targeted 'effective altruism,' a movement focused on improving the world through effective philanthropy, particularly in areas like animal welfare and global health. The criticism appears to stem from concerns within the Department of War regarding the movement's stance on artificial intelligence (AI), specifically what is perceived as 'AI doomerism.' Many effective altruists express worries about the potential catastrophic effects of AI, ranging from human extinction to enabling bioweapons. This has led to a debate, with some critics suggesting that these concerns are problematic in the context of a global race for AI dominance, where a 'winner-takes-all' mentality prevails, particularly between the U.S. and China.
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AI Transforms Supply Chain Management, Enhancing Resilience and Efficiency

AI Transforms Supply Chain Management, Enhancing Resilience and Efficiency

AI Transforms Supply Chain Management, Enhancing Resilience and Efficiency
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IRS Issues AI Governance Guidelines for Tax and Audit Professionals Amid 'Shadow AI' Concerns

IRS Issues AI Governance Guidelines for Tax and Audit Professionals Amid 'Shadow AI' Concerns

IRS Issues AI Governance Guidelines for Tax and Audit Professionals Amid 'Shadow AI' Concerns