Login | July 01, 2026
Akron Legal News
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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)
All the world's a robot-staging ground for tech entrepreneurs building 'physical AI'
PROVIDENCE, R.I. (AP) — Computer scientist Louis Castricato was in his eighth year studying large language models — the artificial intelligence technology behind chatbots like ChatGPT and Claude — when he started to feel like he was hitting a dead end.
“We basically have passed the point of doing real fun ... (full story)
AI is an energy and water hog, here's what you can do to counter that
WASHINGTON (AP) — As the world tries to curb human-caused climate change and not run dry of water, every online query is increasing our environmental footprint and exacerbating the problem.
Artificial intelligence and the data centers they require use growing amounts of energy and are water hogs — and AI companies ar ... (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)