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Purdue Pharma to Pay $7.4 Billion to Settle Thousands of Opioid-Related Lawsuits

New York AG Letitia James, along with a bipartisan coalition of 15 other state AGs and additional parties, has reached a settlement in principle with members of the Sackler family and Purdue Pharma, Inc., to resolve allegations related to the company’s role in fueling the opioid crisis.

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Missouri to Require Social Media Companies to Offer Algorithmic Choice

Missouri AG Andrew Bailey is issuing a regulation requiring social media companies to offer algorithmic choice for users in the state. Under the rule, it will be an unfair, deceptive, or fraudulent practice under the Missouri Merchandising Practices Act to operate a social media platform without allowing users the option to select a third-party content…

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California and New Jersey Release AI-Related Advisories and Guidance

In a continuation of the trend of artificial intelligence becoming a regulatory focal point, California AG Rob Bonta issued legal advisories on the application of California law to AI, while New Jersey AG Matthew Platkin announced the creation of a Civil Rights Innovation Lab and new guidance on algorithmic discrimination. California AG Rob Bonta’s first…

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Edward Jones Settles Multistate Investigation into Commissions and Supervisory Procedures

New Jersey AG Matthew Platkin has settled with Edward D. Jones & Co., L.P., as part of a multistate investigation that included 14 states and the North American Securities Administrators Association, over allegations that the broker-dealer overcharged customers and failed to adequately supervise its financial professionals when moving commission-based brokerage accounts to fee-based investment advisory…

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