Posted inTop Stories

Former AstraZeneca due diligence member settles insider trading allegations

A former AstraZeneca employee and member of a company due diligence team has agreed to settle insider trading charges brought by the Securities and Exchange Commission (SEC).   Weiguo Zhai allegedly engaged in illegal insider trading prior to AstraZeneca’s announcement in 2023 that it would acquire Icosavax. Zhai was a member of the due diligence […]

Posted inArtificial Intelligence

Companies risk violating data, consumer laws over agentic AI use

Companies are at increased risk of violating Europe’s tough privacy laws because boards have little awareness of the different types of AI or their inherent risks. While many organizations are more familiar with predictive and conversational AI tools, such as chatbots that carry little or no discernible risk, they have not grasped that generative AI—and especially agentic AI—are different animals.

Posted inTop Stories

Travel app company ignored complaints about hidden fees, FTC alleges

Travel app Hopper has agreed to pay $35 million and prove compliance for 15 years, to resolve allegations it charged hidden fees to customers— issues that were raised internally by numerous employees but were ignored, the Federal Trade Commission (FTC) said. Hopper, a Canadian company, and its Massachusetts subsidiary charged extra, undisclosed fees to customers […]

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