AI-related news dominates the business pages these days. Many companies increasingly are adapting their business processes to incorporate AI-related operations, and an growing number of companies are adjusting their business strategies to accommodate AI. While these changes present a host of opportunities, they also involve risks. A securities lawsuit recently filed against the integrated circuit (IC) design software company Synopsys shows how these kinds of AI-related risks can translate into securities litigation. In the complaint, the company is alleged to have understated the additional customization requirements that its customers’ AI-adapted operations would entail. A copy of the October 31, 2025, complaint can be found here.Continue Reading AI-Related Securities Suit Filed Against IC Design Software Firm
In a little noticed-development last week, the U.S. Supreme Court denied the petition for a writ of certiorari in Hagan v. Khoja, in which former officials of a bankrupt pharmaceutical company sought to have the Court review a decision by the Ninth Circuit to revive a securities class action lawsuit against them. Had the petition been granted, the Court would have been called upon to consider the controversial question of whether public companies have a duty to update prior disclosures that were accurate when made. The Court’s cert denial leaves the Ninth Circuit’s ruling standing and the questions surrounding the existence and requirements of a duty to update remain unsettled. The Court’s May 20, 2019 order can be found