News & Analysis as of

Technology Sector Securities Exchange Act of 1934 Securities Violations

Lowenstein Sandler LLP

SEC Charges Public Company with AI Washing

On January 14, 2025, the U.S. Securities and Exchange Commission (SEC) charged Presto Automation Inc. (Presto) with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 for misleading artificial...more

A&O Shearman

Northern District Of California Dismisses Putative Class Action Suit Against Financial Technology Company That Underscores The...

A&O Shearman on

On August 8, 2022, Judge Charles R. Breyer of the United States District Court for the Northern District of California granted a motion to dismiss a proposed securities class action suit against a financial technology company...more

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