Member News

Member News
19
Oct
Eight state attorneys general sued OpenAI on 14 October, alleging ChatGPT was marketed as safe while harming users, especially minors – a sign that states are using existing consumer protection laws to regulate AI without waiting for federal rules.
Key Points
The attorneys general of Arizona, Arkansas, Idaho, Iowa, Kansas, Montana, Nebraska, and West Virginia sued OpenAI in their respective state courts, alleging deceptive practices related to ChatGPT’s safety. Some states also assert privacy, product liability, and other claims.
The...
19
Oct
The U.S. Court of International Trade has certified a class of importers seeking refunds of IEEPA duties on finally liquidated entries – an important development for European and American companies that paid these tariffs.
On October 8, 2026, the U.S. Court of International Trade (CIT) granted a broad class certification for importers subject to the International Emergency Economic Powers Act (IEEPA) tariff regime, which the Supreme Court of the United States (SCOTUS) invalidated on February 20 (see Update of February...
07
Oct
1140 Sixth Avenue has windows running along its entire north side. By 2029, many of them will be looking at a 400-room hotel going up on the vacant lot next door at 1150 Sixth. For the tenants on the floors below the new building's height, the light and views they signed up for have an expiration date that wasn't in their lease.
That's the lesson this month kept reinforcing for me: light and views are among the things companies value...
06
Oct
October 6, 2026 - As the 2026 legislative session came to a close, California passed a wide-ranging assortment of privacy and artificial intelligence (AI)-related bills. In total, Governor Gavin Newsom signed over two dozen privacy and AI bills into law.
The measures fall into six themes:
Protecting Minors Online. California further cemented its position at the forefront of state minor safety regulation. New laws require high-privacy defaults for children, ban addictive features for users under 16, and require independent child...
06
Oct
On September 18, 2026, President Trump issued Executive Order 14431, Enhancing Program Integrity and Interagency Coordination in the Administration of the H-1B Nonimmigrant Visa Program, which directs the Departments of Labor, Homeland Security, and State to:
coordinate and consult with the Departments of Commerce and Education, as well as the Small Business Administration, when processing H-1B petitions, Labor Condition Applications (LCAs), and H-1B visa applications to ensure compliance with statutory requirements;
consider whether the sponsoring employer has engaged in...
02
Oct
Domestic private-label CMBS issuance topped $100 billion this year through the end of September. That means 2026 is shaping up to be among the busiest years in the CMBS new-issue market since 2007, when for the full year, $230.5 billion of deals were brought to market.
As has been the case in recent years, today's CMBS market is not your father's CMBS market. What was developed as a mechanism to tap the capital markets to fund middle-market commercial property loans...
02
Oct
Middle market companies keep investing despite the noise.While headlines on private credit have focused on high-profile defaults and concerns about late-cycle excess, the companies making capital decisions in this segment are leaning in, engaging with private capital partners, blending it with traditional bank financing, and using it to fund growth rather than to patch the balance sheet.
The findings come from KeyBank’s Middle Market Snapshot Survey, which polled 319 owners and senior executives in April 2026 across revenue bands from...
01
Oct
The European Commission and the European Investment Bank (EIB) Group launched today the European Institutional Investors Pact (EIIP) at the TechEU Equity Summit.
The Pact is a new voluntary framework designed to channel more long-term institutional capital into Europe’s technology and scale-up ecosystem. Thirteen institutional investors have already expressed their intention to channel investments into Europe’s innovation and scale-up ecosystem, including through the €15 billion European Tech Champions Initiative (ETCI) 2.0 and the €5 billion Scaleup Europe Fund.
President of the...