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CA and DE AGs Secure Safety and Oversight Commitments, Will Not Oppose OpenAI Recapitalization

Delaware AG Kathy Jennings announced that her office has issued a Statement of No Objection to the proposed corporate recapitalization of the artificial intelligence company, OpenAI, Inc., a Delaware nonprofit corporation headquartered in California. Following OpenAI’s creation of a public benefit corporation (PBC), AG Jennings reviewed the plan to ensure that (1) OpenAI’s public safety…

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AGs Settle Opioid Epidemic-Related Claims Against Amneal Pharmaceuticals for $272.5M

A coalition of AGs reached a settlement in principle with Amneal Pharmaceuticals, Inc., to resolve allegations that it contributed to the opioid epidemic in its role as a drug manufacturer. According to the coalition, Amneal allegedly knowingly failed to monitor and report suspicious orders placed by its customers, as required by federal law. Under the…

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