Any of these companies that has not disclosed an $850 billion contingent liability is committing securities fraud.
July 3, 2025 at 9:33 PM
Any of these companies that has not disclosed an $850 billion contingent liability is committing securities fraud.
Copyright laws, securities laws, environmental laws, corporate liability laws, they all exist and we should enforce them against these companies IMO
September 14, 2026 at 2:34 PM
Copyright laws, securities laws, environmental laws, corporate liability laws, they all exist and we should enforce them against these companies IMO
Senate Intel Committee Chair on providers' liability beyond DOJ control:
"Any company that hosts, distributes, services ... TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs."
"Any company that hosts, distributes, services ... TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs."
January 19, 2025 at 7:36 PM
Senate Intel Committee Chair on providers' liability beyond DOJ control:
"Any company that hosts, distributes, services ... TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs."
"Any company that hosts, distributes, services ... TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs."
He is trying to avoid liability under the securities laws.
this Mars> Moon pivot actually is a big deal for Elon because he usually avoids anything resembling a climb-down, as they tend to be bad for confidence games
this suggests he is struggling to pull it off
this suggests he is struggling to pull it off
This is one of things. Bigtime.
February 10, 2026 at 2:45 AM
He is trying to avoid liability under the securities laws.
From purely a liability point of view this company would be on the ropes right now.
OpenAI’s A.I. Went Rogue and Meddled With U.S. Government Websites
The company did not learn until recently that its technology had meddled with websites for the Education Department, Commerce Department and Securities and Exchange Commission.
www.nytimes.com
September 25, 2026 at 11:52 PM
From purely a liability point of view this company would be on the ropes right now.
I do not believe that they have. The use of fraud-on-the-market as a theory of liability is novel outside of securities and commodities trading on federally regulated markets.
May 27, 2026 at 10:20 PM
I do not believe that they have. The use of fraud-on-the-market as a theory of liability is novel outside of securities and commodities trading on federally regulated markets.
As TikTok comes back, Senator Tom Cotton, Chair of the Intelligence Committee, issues a warning.
January 19, 2025 at 6:50 PM
As TikTok comes back, Senator Tom Cotton, Chair of the Intelligence Committee, issues a warning.
UPDATE # 29,434: Tom Cotton is really going through it. Does he know Trump is for it now?🤣🤣🤣
January 19, 2025 at 8:28 PM
UPDATE # 29,434: Tom Cotton is really going through it. Does he know Trump is for it now?🤣🤣🤣
more generally, i cannot communicate how nuts this is. it's a strict liability offense and musk does not deny he did it (you either filed the paper or you didn't; he didn't)
he's been arguing that the securities and exchange commission, its discovery requests, and the law, are unconstitutional -
he's been arguing that the securities and exchange commission, its discovery requests, and the law, are unconstitutional -
JUST IN: Judge rejects Elon Musk's bid to dismiss SEC suit alleging that when he sought to take over Twitter (now X) he failed to disclose his stake as required. Judge Sparkle Sooknanan (Biden) turns down forced-speech and SEC appointment challenges. Doc: ecf.dcd.uscourts.gov/cgi-bin/show...
ecf.dcd.uscourts.gov
February 3, 2026 at 10:35 PM
more generally, i cannot communicate how nuts this is. it's a strict liability offense and musk does not deny he did it (you either filed the paper or you didn't; he didn't)
he's been arguing that the securities and exchange commission, its discovery requests, and the law, are unconstitutional -
he's been arguing that the securities and exchange commission, its discovery requests, and the law, are unconstitutional -
Not just this president, but whoever is president in 2029-30, because of the five-year statute of limitations.
I do not know how these companies are not committing ongoing securities fraud by not disclosing an $850 billion liability.
I do not know how these companies are not committing ongoing securities fraud by not disclosing an $850 billion liability.
June 18, 2025 at 1:28 AM
Not just this president, but whoever is president in 2029-30, because of the five-year statute of limitations.
I do not know how these companies are not committing ongoing securities fraud by not disclosing an $850 billion liability.
I do not know how these companies are not committing ongoing securities fraud by not disclosing an $850 billion liability.
The AI doesn’t have agency, the humans do.
OpenAI engineers created a software system that illegally hacked government databases and software systems. They should be prosecuted and face civil liability to the fullest extent of the law.
OpenAI engineers created a software system that illegally hacked government databases and software systems. They should be prosecuted and face civil liability to the fullest extent of the law.
OpenAI’s A.I. Went Rogue and Meddled With U.S. Government Websites (Gift Article)
The company did not learn until recently that its technology had meddled with websites for the Education and Commerce Departments and the Securities and Exchange Commission.
www.nytimes.com
September 26, 2026 at 7:22 PM
The AI doesn’t have agency, the humans do.
OpenAI engineers created a software system that illegally hacked government databases and software systems. They should be prosecuted and face civil liability to the fullest extent of the law.
OpenAI engineers created a software system that illegally hacked government databases and software systems. They should be prosecuted and face civil liability to the fullest extent of the law.
Once again, software does not “go rogue,” as it has no intent or agency. OpenAI’s management and employees, however, have both, and are where investigations for liability should immediately begin.
www.nytimes.com/2026/09/25/t...
www.nytimes.com/2026/09/25/t...
OpenAI’s A.I. Went Rogue and Meddled With U.S. Government Websites (Gift Article)
The company did not learn until recently that its technology had meddled with websites for the Education and Commerce Departments and the Securities and Exchange Commission.
www.nytimes.com
September 26, 2026 at 12:39 AM
Once again, software does not “go rogue,” as it has no intent or agency. OpenAI’s management and employees, however, have both, and are where investigations for liability should immediately begin.
www.nytimes.com/2026/09/25/t...
www.nytimes.com/2026/09/25/t...
9th Circuit extends tracing requirement to Section 12(a)(2) of the Securities Act of 1933 reut.rs/44cXKxe
9th Circuit extends tracing requirement to Section 12(a)(2) of the Securities Act of 1933
Virginia Milstead, Mark Foster and Michelle Portillo of Skadden, Arps, Slate, Meagher & Flom LLP discuss court rulings that reduced the heightened litigation risk stemming from raising capital in light of the strict liability framework under the Securities Act of 1933.
reut.rs
April 28, 2025 at 2:35 PM
9th Circuit extends tracing requirement to Section 12(a)(2) of the Securities Act of 1933 reut.rs/44cXKxe
If anyone listens to Zuckerberg blah to Rogan for three hours but fails to report on his depositions, along with his board of directors, in the last month (former chairman today) playing out in securities and personal liability for paying off SEC/FTC I question they’re holding power to account.
January 10, 2025 at 9:52 PM
If anyone listens to Zuckerberg blah to Rogan for three hours but fails to report on his depositions, along with his board of directors, in the last month (former chairman today) playing out in securities and personal liability for paying off SEC/FTC I question they’re holding power to account.
“volume of security issues being identified over the last month have [sic] outstripped the capacity of Engineering teams to resolve.”
Most orgs are like this.
Didn’t expect to see CISO liability before software liability, but here we are.
#solarwinds
therecord.media/solarwinds-c...
Most orgs are like this.
Didn’t expect to see CISO liability before software liability, but here we are.
#solarwinds
therecord.media/solarwinds-c...
SEC charges SolarWinds CISO with fraud for misleading investors before major cyberattack
The Securities and Exchange Commission (SEC) announced on Monday evening that it plans to charge SolarWinds Chief Information Security Officer Timothy Brown with fraud for his role in allegedly lying ...
therecord.media
October 31, 2023 at 2:39 AM
“volume of security issues being identified over the last month have [sic] outstripped the capacity of Engineering teams to resolve.”
Most orgs are like this.
Didn’t expect to see CISO liability before software liability, but here we are.
#solarwinds
therecord.media/solarwinds-c...
Most orgs are like this.
Didn’t expect to see CISO liability before software liability, but here we are.
#solarwinds
therecord.media/solarwinds-c...
Most important part of currency internationalization is not reserve share but denomination of cross-border liabilities; asset/liability/invoice currency is ideally a closed loop; tradeable securities outrank bank loans in int'lization stakes etc., but...
www.economist.com/china/2025/0...
www.economist.com/china/2025/0...
September 11, 2025 at 5:47 PM
Most important part of currency internationalization is not reserve share but denomination of cross-border liabilities; asset/liability/invoice currency is ideally a closed loop; tradeable securities outrank bank loans in int'lization stakes etc., but...
www.economist.com/china/2025/0...
www.economist.com/china/2025/0...
Here’s a bit more detail about our Fair Share Tax proposal, for those of you who like to dig into the legislative text itself. Here are the changes in the exhibit that describe which firms get relief and which large corporations will see a hike.
September 23, 2026 at 4:47 PM
Here’s a bit more detail about our Fair Share Tax proposal, for those of you who like to dig into the legislative text itself. Here are the changes in the exhibit that describe which firms get relief and which large corporations will see a hike.
Cotton now on X: “Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs. Think about it.”
January 19, 2025 at 7:00 PM
Cotton now on X: “Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs. Think about it.”
1/ Musk has accepted Texas's invitation to make Tesla's directors & officers immune from liability for breach of fiduciary duty. No outsider that is not an index fund owns more than 3% of Tesla.
www.reuters.com/sustainabili...
www.reuters.com/sustainabili...
Tesla blocks stockholders with less than 3% shares from suing officers on its behalf
Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the U.S. Securities and Exchange Commission on Friday.
www.reuters.com
May 17, 2025 at 2:26 PM
1/ Musk has accepted Texas's invitation to make Tesla's directors & officers immune from liability for breach of fiduciary duty. No outsider that is not an index fund owns more than 3% of Tesla.
www.reuters.com/sustainabili...
www.reuters.com/sustainabili...
Key Developments on Endava plc's Securities Class Action Necessitate Investor Awareness#United_States#New_York#SueWallSt#DAVA#Endava
Key Developments on Endava plc's Securities Class Action Necessitate Investor Awareness
Investors in Endava plc should be informed about the ongoing securities class action involving CEO and CFO's alleged liability. Key application deadlines are approaching.
third-news.com
October 1, 2026 at 2:53 PM
Key Developments on Endava plc's Securities Class Action Necessitate Investor Awareness#United_States#New_York#SueWallSt#DAVA#Endava
Tesla's fighting $14.5 B in lawsuits.
Detailed.
Detailed.
Tesla is facing up to $14.5 billion in lawsuits — and it's only getting worse
Tesla faces over 20 active lawsuit tracks with up to $14.5B in potential liability from Autopilot crashes, FSD false advertising, securities fraud, and workplace discrimination.
electrek.co
August 13, 2026 at 12:32 AM
Tesla's fighting $14.5 B in lawsuits.
Detailed.
Detailed.
You say "rogue",
I say "criminal and civil liability for AI corporations and their executives",
"rogue", "criminal prosecutions and civil suits"
Let's call the whole thing off
www.nytimes.com/2026/09/25/t...
I say "criminal and civil liability for AI corporations and their executives",
"rogue", "criminal prosecutions and civil suits"
Let's call the whole thing off
www.nytimes.com/2026/09/25/t...
OpenAI’s A.I. Went Rogue and Meddled With U.S. Government Websites
The company did not learn until recently that its technology had meddled with websites for the Education and Commerce Departments and the Securities and Exchange Commission.
www.nytimes.com
September 26, 2026 at 2:57 PM
You say "rogue",
I say "criminal and civil liability for AI corporations and their executives",
"rogue", "criminal prosecutions and civil suits"
Let's call the whole thing off
www.nytimes.com/2026/09/25/t...
I say "criminal and civil liability for AI corporations and their executives",
"rogue", "criminal prosecutions and civil suits"
Let's call the whole thing off
www.nytimes.com/2026/09/25/t...
It should be illegal. Prediction markets are are the bastard child of gambling and securities fraud — it reeks of fraud — and “insider trading” within prediction markets should be a criminal offense and give rise to civil liability.
July 16, 2026 at 11:57 PM
It should be illegal. Prediction markets are are the bastard child of gambling and securities fraud — it reeks of fraud — and “insider trading” within prediction markets should be a criminal offense and give rise to civil liability.
I once had a successor liability matter arising from a stock-for-stock merger where both parties were alleged to have committed securities fraud in order to artificially inflate their share price.
Capital One is purchasing Discover Financial Services for $35.3 billion, the banking giant announced Monday — an all-stock deal that brings together two of the country’s largest credit card companies and is likely to face close regulatory scrutiny.
Capital One to acquire Discover for $35.3 billion in all-stock deal
The Capital One-Discover deal would bring together two of the country’s largest credit card companies, if it survives antitrust scrutiny.
wapo.st
February 20, 2024 at 3:35 PM
I once had a successor liability matter arising from a stock-for-stock merger where both parties were alleged to have committed securities fraud in order to artificially inflate their share price.