Private Equity Firm Uses AI Instead of Employees to Source Deals

A recent WSJ article about a private equity firm using AI to source investment opportunities by Laura Cooper presages a larger challenge facing employees and employers: AI tools do “the work of ‘several dozen humans’” “with greater accuracy and at lower cost.”  In the competitive and employee-dense financial services sector, AI tools can provide a competitive advantage.

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Sick leave: must the medical certificate disclose a diagnostic?

June 4, 2019 — An employee taking a sick leave is usually required to justify his absence with a medical certificate. But can the doctor simply state that “This leave is medically justified” or must he provide details of the illness?

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SCC Throws Out Man’s Conviction Because of Police Misconduct

In a 3 to 2 decision, the Supreme Court of Canada set aside a man’s gun and drug related convictions ruling that, in light of the police’s unlawful conduct, the admission of incriminating evidence would bring the administration of justice into disrepute.  (See R. v. Le, 2019 SCC. 34)

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ILN Today Post

New Jersey revises data breach law, expands definition of personal information

On May 10, 2019, New Jersey Gov. Phil Murphey signed Assembly Bill 3245 into law. AB 3245 expands the definition of “personal information” under the state data breach statute and addresses electronic notification in the event that a data breach involves a username or password.

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Employee Benefits Crash Course Webinar Series: Hot New Benefits

Our Employee Benefits and Executive Compensation practice now offers on-demand “crash courses” on diverse topics. You can access these courses on your own schedule. Keep up to date with the latest trends in benefits and compensation, or obtain an overview of an important topic addressing your programs.

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Recent Indictment of Anthem Hackers Serves as a Reminder of the Importance of Rigorous Workforce Cybersecurity Training, Incident Response Plans and Formalized Security Programs

On May 9, 2019, the United States Department of Justice announced the indictment of two Chinese Nationals as members of a sophisticated hacking group responsible for the hack of Anthem, Inc. and other unnamed U.S. based large technology, communications and basic materials companies. The hack resulted in the breach of personally identifiable information of over 78 million individuals held by Anthem and the theft of confidential business information from the victimized organizations. The indictment provides a roadmap to advanced hacking attacks regularly faced by technology, healthcare and infrastructure organizations with valuable data to protect. The indictment serves as a reminder that organizations subject to advanced persistent threat from organized hacking groups should adopt a defense in depth strategy including workforce cybersecurity training, vulnerability scanning, network monitoring and comprehensive incident response plans to thwart or mitigate these attacks. These protective countermeasures should be part of the organization’s formalized information security program.

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New Oregon Law Requires Employers to Remind Departing Employees of Their Noncompete Obligations

Pursuant to a recently passed Oregon state law (HB 2992), noncompete agreements entered into on or after January 1, 2020 will only be enforceable against Oregon employees if the employer provides the departing employee with a signed copy of the agreement within 30 days after the employee’s date of termination.  Though at first blush, this law merely codifies the best practice of reminding departing employees of their continuing obligations to their former employer, it contains a few nuances Oregon employers should keep in mind.

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NLRB Announces Plans for Further Rulemaking: Election Rules, Union Access to Employer Property, Question of Whether Student Athletes on Scholarship Are Employees, and More

The rulemaking priorities of the National Labor Relations Board (“NLRB” or “Board”) have been released, signaling what Board Chairman John F. Ring described as “the Board majority’s strong interest in continued rulemaking.” The announcement was contained in the Unified Agenda of Federal Regulatory and Deregulatory Actions, published by the Office of Management and Budget’s Office of Information and Regulatory Affairs.

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ICO regulatory update – guidance on ICOs and crypto-assets

ASIC has released an updated to information sheet INFO 225: Initial coin offerings and crypto-assets. While ASIC’s position on when an ICO or crypto-asset will be a financial product remains largely unchanged (you can see our previous updates on the topic here and here), ASIC’s newest update acknowledges the changing nature of crypto-assets and the increased maturity of the market.

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