- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
CPC Management has hired Lisa Ottomanelli as its general counsel.
Most recently, Ottomanelli served as the head of legal for Ethos Veterinary Health.
Prior to going in-house, she was an associate with Latham & Watkins in the finance department.
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Generic drug giant Teva Pharmaceuticals has agreed to pay $450 million to settle two cases brought by the Department of Justice (DOJ), including one alleging that co-pays it made on behalf of Medicare patients constituted illegal kickbacks, and a second action for alleged generic drug price fixing.
Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI operates.
The Securities and Exchange Commission ordered the owner of Rimar Capital and a board member of its holding company to pay nearly $524,000 in penalties for defrauding investors with false and misleading statements about its use of artificial intelligence.
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