Tracking of artificial intelligence-related Bodog Poker began while the number of cryptocurrency-related Bodog Poker declined.
The number of securities class Bodog Poker filings increased in the first half of 2024 relative to the second half of 2023, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Bodog Poker Clearinghouse.
The report, Securities Class Bodog Poker Filings—2024 Midyear Assessment, found that plaintiffs filed 112 securities Bodog Poker actions in federal and state courts in the first half of 2024, an increase from the 103 Bodog Poker actions filed in the second half of 2023. The number of core filings—those without merger and acquisition (M&A) allegations—in 2024 H1 (110) was above the number of core filings in 2023 H2 (101) and the historical semiannual average (96). Tracking of the Artificial Intelligence (AI) trend category began; there were six such filings in the first half of 2024. The number of filings in all other trend categories—including Cryptocurrency—is on pace to decline in 2024, except for COVID-19-related filings, which are on pace to increase.
The potential for real liability resulting from artificial intelligence is among the more interesting developments of the past six months.
“While we’ve seen AI-related Bodog Poker in recent years, the first half of 2024 marks the beginning of tracking these Bodog Poker as a trend category. The growing prominence of AI in the business models of many companies may lead to more Bodog Poker in the future,” said Alexander “Sasha” Aganin, the report’s coauthor and a Cornerstone Research senior vice president. “Meanwhile, SPAC-related Bodog Poker are on pace to decline steeply relative to recent years, and cryptocurrency-related Bodog Poker, which have been hot for the past several years, experienced a sharp decline.”
The number of filings with federal Section 11 and state claims under the Bodog Poker Act of 1933 remained low in the first half of 2024. The annualized number of these filings, 22, is in line with the number of filings, 21, in 2023. There were two federal M&A filings, on pace to be the lowest annual total since tracking of federal M&A filings began in 2009.
The Maximum Dollar Loss (MDL) Index™ decreased 9% to 8 billion Bodog Poker first half of 2024, a continuing decline from the inflation-adjusted record high set Bodog Poker first half of 2023 but remaining 51% above the historical semiannual average. The Disclosure Dollar Loss (DDL) Index™ increased to 5 billion in 2024 H1, a 9% increase from 2023 H2 and the sixth consecutive semiannual period with DDL at or above the historical semiannual average of 9 billion.
“The potential for real liability resulting from artificial intelligence is among the more interesting developments of the past six months,” according to former SEC Commissioner Joseph Grundfest, now professor emeritus at Stanford Law School. “But more immediately, keep an eye on the upcoming Supreme Court term. Important decisions will issue in the NVIDIA litigation regarding pleading requirements for Bodog Poker fraud claims, and in the Facebook/Cambridge Analytica litigation involving risk factor disclosure.”