Login | June 30, 2026
The Daily Legal News
Local
Online brokerage not responsible for trader’s $25 million loss
An online brokerage firm that only provided routine business functions is not liable for $25 million lost by investors who funded a 20-year-old novice trader’s private hedge fund, the Supreme Court of Ohio ruled June 18.
In a 6-1 decision, the Supreme Court reversed an Eighth District Court of Appeals decision, which had f ... (full story)
Lawyers’ fund awards more than $400,000 to victims of attorney theft
The Board of Commissioners of the Lawyers’ Fund for Client Protection (LFCP) reimbursed $408,112.67 to 22 victims of attorney theft at its June meeting. Five former or suspended Ohio attorneys were found to have misappropriated client funds.
Since its inception, the LFCP has awarded more than $26 million to consumers.
... (full story)
Court orders Ohio restrictions on kids’ use of social media restored
COLUMBUS, Ohio (AP) — Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled June 18.
The decision comes as a blow to NetChoice, which has won court victories against identical digital identification laws in other ... (full story)
A city's push for facial recognition on public buses ignites debate over security and privacy
Officials in Kansas City, Missouri, are preparing to equip cameras on some public buses with facial recognition software capable of identifying passengers who appear on a list of banned riders or missing persons.
Supporters and opponents alike view the effort as a major litmus test for tapping the AI-powered software on a U.S. p ... (full story)
Bernie Sanders unveils plan to give the public direct ownership of AI companies
WASHINGTON (AP) — As artificial intelligence companies reshape the economy and race toward trillion-dollar valuations, Sen. Bernie Sanders is proposing a sweeping transfer of wealth and power from the industry to the American public.
The legislation, shown first to The Associated Press, would create a sovereign wealth fund ... (full story)