Kilpatrick Townsend & Stockton LLP

UPCOMING EVENT | Join us on Wednesday, April 30th at 5 pm ET for our Tech Market Panel Discussion in our New York office. The panel will offer an insightful conversation on trends in the tech market and dealing with market uncertainty. The environment for tech companies has significantly evolved in the past few years and even the past few months. Geopolitical uncertainties create difficult investment and capital deployment decisions, fund raising is more difficult, and liquidity may be tight. Yet, general partners are sitting on large amounts of capital, looking for the right fit. Learn more and register ⬇️

Tyler McAllister recently spoke on a panel at The IP Strategy Summit in Seattle. The panel, “AI and Your Patent Management, Strategy & Portfolio” covered how you can leverage AI for efficient patent portfolio management, exploring data analytics for IP strategy, and uncovering emerging AI technologies reshaping patent prosecution. Gain insights into predictive analytics for anticipating patent office actions and preparing for the future of patent professionals in the AI era. Read the 5 Key Takeaways here: https://lnkd.in/e_vQ-Hxh

CFPB Signals Significant Changes to Small Business Lending Rule: New Section 1071 Rulemaking Forthcoming | The Consumer Financial Protection Bureau (CFPB or Bureau) recently announced that it plans to revisit – and potentially revise – its controversial small business data collection rule implementing Section 1071 of the Dodd-Frank Act, a development with significant implications for financial institutions nationwide. Read the latest Consumer Financial Services blog from Ross Speier here: https://lnkd.in/etqvzGJD

ICYMI | David Hughes recently moderated a panel discussion at the ABA-IPT Advanced State Income, Advanced Sales/Use, and Advanced Property Tax Seminar in New Orleans addressing “Artificial Intelligence: What Tax Professionals Need to Know.” As you know, AI is everywhere - including the workplace. There are serious legal, ethical, and contractual considerations that need to be evaluated before using AI. Read the full takeaways: https://lnkd.in/eFnNpwji

NAD Finds Kevin Hart’s Social Media Disclosures Insufficient in Monitoring Decisions | Kevin Hart may know how to land a punchline, but the National Advertising Division (“NAD”) recently reminded him that when it comes to influencer endorsements, the only thing that should be subtle is the humor—not the disclosures. In a series of related decisions, NAD provided valuable guidance on influencer marketing and disclosure practices. The case involved NAD’s inquiry into the social media posts of Kevin Hart, an actor, comedian, and entrepreneur, who promotes products for JPMorgan Chase Bank, N.A. (“JPMC”) and Fabletics, Inc. (“Fabletics”). Read the latest Legal Alert from Bryan J. Wolin and Daniel Gaitan here: https://lnkd.in/e3QeMWwg

Office Spotlight | Kilpatrick continues to grow its presence in key markets with the expansion of our Chicago office through recent combinations with HMB Legal Counsel and L&G Law Group LLC. With more than 70 attorneys, our Chicago office offers deep experience across a wide range of practice areas including Complex Commercial Litigation, Bankruptcy & Restructuring, Mergers & Acquistions, Private Equity, State & Local Tax, and more. Learn more. ⬇️

TOMORROW (4/9) at 12:00 pm ET, Partner Joel Bush is leading a webinar with Association of Corporate Counsel titled, "Trade Secret Update: 2025 Legal Developments." This presentation will provide a 2025 update on trade secret issues and will focus specifically on three topics. First, we will address the current status of appellate proceedings over the $2 billion jury verdict in the Appian Corporation v. Pegasystems case. In last year’s trade secret update, we discussed the May 2022 trial result in Appian and the appeal. This year we will consider the July 30, 2024 decision by the Virginia Court of Appeals (reversing the jury award) and the arguments pending in the Virginia Supreme Court. Second, we will cover best practices for protecting trade secrets with NDAs, including recent case law about notice obligations during performance of non-disclosure obligations. Third, we will consider the intersection of trade secrets and generative AI technologies and how courts might address trade secret claims arising out of generative AI platforms and large language models. Learn more and register ➡️ https://lnkd.in/ej5qtBkz

 Congratulations to Kilpatrick Townsend & Stockton LLP for being our Law Firm of The Year!  In 2024, over 50 volunteer attorneys helped with PBPA matters, and since 2005, they have helped with over 800 matters!

In litigation, especially in dealing with E-Discovery, the importance of an effective electronically stored information agreement (“ESI Agreement”) between the parties is a must to help prevent discovery disputes. This is most important when dealing with the format chosen for production. Courts are generally reluctant to require additional production in native formats if ESI has already been produced in a “reasonably usable” format. This article looks at a current case that dealt with this issue. Read the LitSmart E-Discovery Blog, "Crafting Customized ESI Agreements in E-Discovery: The Importance of Specificity of Document Production Formats" from Russ Beets here: https://lnkd.in/e4bQxCqh

The Consumer Financial Protection Bureau (CFPB) recently announced a significant change in its approach to the burgeoning "buy now, pay later" (BNPL) market. The Bureau has announced plans to revoke its May 2024 interpretive rule that asserted BNPL lenders were to be regulated as credit card issuers under existing law. This decision carries significant implications for the financial technology industry and has a direct impact on the lawsuit filed by the Financial Technology Association (FTA) against the CFPB in October 2024. Read Ross Speier's Consumer Financial Services blog here: https://lnkd.in/eycf5uJR