Key Points: Fisker has asked for a bankruptcy judge's approval to sell 3,321 Ocean electric SUVs to American Lease for $46.25 million. The EV startup filed for Chapter 11 bankruptcy last month, facing logistics issues and significant cash depletion. Fisker...
Key Points: Lockbit ransomware group breached Evolve Bank & Trust, exposing confidential data. Affirm acknowledged customer data exposure due to the breach. The breach occurred in late May after an Evolve employee clicked on a malicious link. Personal and financial information was accessed. Evolve contained the breach, did not pay the ransom, and relied on backups to minimize impact. Evolve...
Key Points: Gene Levoff, a former senior Apple lawyer, was fined $1.15 million by U.S. District Judge William Martini for insider trading. Levoff's actions were deemed especially egregious given his role in enforcing insider trading policies at Apple. Levoff had previously been sentenced to four years of probation, 2,000 hours of community service, and a $604,000 forfeiture. Judge Martini noted...
Key Points: Apple gains an observer role on OpenAI’s board, with Phil Schiller appointed to the position. Schiller can attend board meetings but lacks voting rights, providing Apple with insights into decision-making processes. The role follows Apple's announcement of integrating OpenAI's ChatGPT and "Apple Intelligence" across its apps. OpenAI appointed new directors, including CEO Sam Altman, Sue Desmond-Hellmann, Nicole Seligman,...
